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The rising demands for PET plastics from the carbonated soft drink packaging market are projected to further
augment the demands for PET plastics during the next few years.
The application sector includes injection molding, film & sheets, construction, packaging, textiles, and
transportation. The films & sheets sector occupied over 45 % of the global share in 2013. Films & sheets are
mainly utilized in food packaging and pharmaceuticals. This is said to boost the product demands in the near
future. The application in plastic pipes is also likely to experience a substantial growth with a CAGR of 6 %
over the forecast period.
Asia-Pacific was the largest regional market for plastics in 2013. The European & North American markets are
quite mature and are said to grow slowly than other regions. The Central & South America region is
estimated to register the maximum CAGR of over 6.5 % from 2014 to 2020.
Major companies in the plastics market are Saudi Basic Industries Corp.; E. I. du Pont de Nemours and
Company; and BASF SE.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-
polymers-and-resins-industry
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