The North American plastics market will see a considerable growth of 2.4% during the forecast period. In the fast-paced lifestyle of North America, people seek “on the go” food and beverage packaging, with user-friendly features such as portion packs and re-sealable options.
Browse the full report description North American Plastics Market Size, Share & Trends Analysis Report by Type (Thermosets and Thermoplastics) and by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Household, Leisure & Sports, Agriculture, and Others), Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-american-plastics-market
In North America, especially in the US, the consumers are rapidly inclined toward healthy alternatives to beverages, mostly bottled water, which in turn, rising the need for plastics in the US. This trend is further expected to compel manufacturers to increase plastic bottle manufacturing capabilities and investments in the country. In recent times, the bottled water surpassed soda as the largest packaged beverage category by volume in the US.
In 2019, the consumption share of bottled water in the US, stood at 25.2%, as per a report published by the International Bottled Water Association 2019. According to the same report, bottled water consumption in the US increased to 14.3 billion gallons, up by 3.6% from 2018, and retail sales totaled $34.8 billion up by 5.8% increase from 2018.
Per capita consumption of bottled water has considerably increased by 2.7%, with an average American drinking 43 gallons of bottled water annually. Along with the bottled packaging, the US food packaging industry is growing at a substantial rate, owing to the growing export of packaged food around the globe, majorly in China, South Korea, India, and other Asian economies.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Material and By Application |
|
Countries Covered |
US and Canada |
|
Key Companies Profiled |
Exxon Mobil Corp.,
Saudi Basic Industries Corp. (SABIC), The Dow Chemical Co., Celanese Corp.,
Formosa Plastics Corp., and BASF SE |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
North American Plastics Market – Segmentation
By Type
o Polyethylene (PE)
o Polypropylene (PP)
o Polystyrene (PS)
o Polyvinylchloride (PVC)
o Polyethylene Terephthalate (PET)
o Others
o Polyurethane (PUR)
o Epoxy Resins
o Phenolic Resins
o Acrylic Resins
o Others
By Application
North American Plastics Market – Segmentation by Geography
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