The US thermoplastics market will see considerable growth during the forecast period. The US is one of the major markets for plastic packaging owing to massive demand from end-user industries. The US ranks on the top 50 list of countries that are contributing to plastic pollution in the ocean, which estimates 88 to 242 million pounds/year of plastic marine debris.
Therefore, the Government of the US has implemented strict regulations regarding the use of plastic, owing to its non-biodegradable nature that leads to damage to the environment. Some states have implemented effective recycling programs, while others are imposing bans or fees to stop the use of plastic bags.
Browse the full report description of "US Thermoplastics Market Size, Share & Trends Analysis Report by Type (Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinylchloride (PVC), Polyethylene Terephthalate (PET), and Others) 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/us-thermoplastics-market
Therefore, there is a rising focus on the development of recyclable plastic in the country. For instance, in June 2019, the recyclable plastic tube developed by the Colgate company had become the first recyclable tube model by the Association of plastic recyclers. In January 2019, Neopac company had launched recycled tubes, which are used for a variety of applications in cosmetic packaging.
These recycled tubes are made from a body and shoulder mixture containing up to 75.0% recycled food-grade compliant polyethylene thermoplastics. The rising innovations in recyclable plastic are thus considered to be a major factor in driving the market growth.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Type and By Application |
|
Key Companies Profiled |
BASF SE, Exxon Mobil
Corp., Hexcel Corp., the Dow Chemical Co., and Celanese Corp. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
US Thermoplastics Market – Segmentation
By Type
By Application
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