Commodity Plastics Market: An In-depth Analysis of Applications, Trends, Top Players and Growth Drivers
The global commodity plastics market size is projected to grow from USD 468.3 billion in 2020 to USD 596.1 billion by 2025, at a CAGR of 6.0% between 2020 and 2025. The major driving factors of the market include growing packaging industry, increased disposable income generating high demand for consumer goods, growing production of lightweight electric vehicles and increasing metal prices.
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Commodity Plastics Market Expected to Hit US$ 596.1 billion by 2025| Report by MarketsandMarkets™
Commodity plastics are a type of plastic that is used for a wide variety of applications. They are typically made from low-cost petrochemicals and are commonly used in items such as packaging, bottles, and containers. Commodity plastics are a vital part of many industries and have a wide range of applications due to their low cost, durability, and versatility. The demand for commodity plastics...