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Transparent Plastics Market and its key opportunities and challenges

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Transparent Plastics Market and its key opportunities and challenges

October 18
18:26 2019
Transparent Plastics Market and its key opportunities and challenges

Browse 212 market data Tables and 60 Figures spread through 207 Pages and in-depth TOC on “Bio-Lubricant Market”
Transparent Plastics Market by Type (Rigid, Flexible), Polymer Type (PET, PVC, PP, PS, PC, PMMA), Application (Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Goods), and Region

The Transparent Plastics Market is projected to grow from USD 96.31 Billion in 2016 to USD 137.75 Billion by 2022 at a CAGR of 6.2% from 2017 to 2022, as per a report by MarketsandMarkets. 

Downloads PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57341363

Browse 187 market data Tables and 66 Figures spread through 230 Pages and in-depth TOC on “Transparent Plastics Market”

Why development of bio-based transparent plastics is a good potential opportunity?

Currently, transparent bioplastics are being developed; however, the high-cost and reduced physical properties continue to be a restraint. The most promising developments are in creating commodity resins (PET, PS, and PVC) from bio-based sources.

The demand for biodegradable plastics is rising exponentially. Transparent biodegradable plastics which can directly go to landfill are expected to drive the market in future. Food & beverage packaging is one of the major markets which is expected to offer huge opportunities for bio-based plastics. Significant misinformation and scare tactics are being used to push the anti-plastic agenda. This cripples the industry; however, the development of new materials is estimated to lower the impact of this misinformation and scare tactics in the long-term.

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Why fluctuating raw material prices is a major challenge?

Price and availability of raw materials are the major factors that affect the price of end products. Crude oil is among the major raw materials employed in the production of various plastic packaging materials such as polystyrene, polypropylene, PVC, and polycarbonate. The global plastics market, especially transparent plastics has witnessed oscillating price trends of raw materials in recent years, which are fluctuating due to volatile energy prices. Transparent plastics manufacturers are affected by price-sensitive customers. Most raw materials are petroleum-based and are vulnerable to fluctuations in the commodity prices. Oil prices have been highly volatile in the recent times. This is a major challenge for the plastic industry to predict the future price, thus resulting in low investments in transparent plastics-related projects.

Related Reports:

Top 10 Plastics Market by Type (Polyethylene, Polypropylene, Expanded Polystyrene, Polyethylene Terephthalate, Polyvinyl Chloride), Application (Automotive, Building & Construction, Packaging, Electronics & Consumer, Textile) – Global Forecast to 2021

About MarketsandMarkets™

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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