PLASTIC RESINS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Stringent environmental regulations across major economies are posing challenges for the growth of the global plastic resins market. Governments are increasingly banning certain single-use plastic items and imposing restrictions on plastic packaging to reduce plastic waste. This is impacting the demand for plastic resins that are used to manufacture such products.
Market Opportunities: Emerging markets of Asia Pacific and Middle East & Africa
The emerging markets in Asia Pacific and Middle East & Africa present significant opportunities for growth in the global plastic resins market. The Asia Pacific region, home to over 4 billion people, is witnessing rapid urbanization and industrialization which is driving increased demand for plastics from various end use industries such as packaging, construction, automotive etc. Countries like China, India, Indonesia and Vietnam are major manufacturing hubs and have huge plastic consumption.
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