Transparent Plastics Market

Transparent Plastics Market generated a revenue of USD 122.8 billion in 2020, and is forecast to reach USD 182.8 billion in 2028, growing at a CAGR 5.1% from (2021-2028), owing to its growing use to produce lightweight, shatter-resistant, and durable products.

To have an edge over the competition by knowing the market dynamics and current trends of “Transparent Plastics Market”, request for Sample Report here

Key Drivers

The global, transparent plastics market is mainly driven by the rising demand for plastics from the packaging industry, especially from the food & beverage sector. This can be attributed to their moisture barrier, corrosion-resistant nature, and micro-organisms repelling, resulting in the enhanced shelf life of food products. It is also used in FMCG pharmaceutical packaging, which in turn is expected to influence the market during the forecast period. Augmenting applications of transparent plastic across the automotive industry and the expansion in packaging industry will drive the growth of the market. Factors such as the growing demand for transparent plastics from emerging economies, advent of bio-based transparent plastics, ongoing technological innovations, along with growing demand for polycarbonate in 3D printing filaments are projected to expand the market size.

Furthermore, the growing use of transparent plastics in electric vehicles (EVs) is expected to fuel the growth of the market due to their reliable insulation properties, high mechanical properties, safe operations, and others during the forecast period. From an environmental perspective, the surging growth of the electric vehicles market is expected to propel the growth of transparent plastics market size. The growing application of Transparent Plastics in several end-use industries such as Automotive, Pharmaceuticals, Food and Beverage and FMCG along with the increasing demand for biodegradable polymers around the world are the major factors fueling the market growth. As per the Bloomberg report, the Global FMCG Packaging Market Size is expected to reach USD 955.6 billion by the end of 2028, while exhibiting a CAGR of 4.68% over the forecast period (2022-2028), which will bolster the Transparent Plastics Market size in the coming years.

Restraint in the Transparent Plastics Market

However, the fluctuating raw material prices is a major factor that is restraining the growth of the global transparent plastics market. Moreover, the stringent government norms enforced on the use of transparent plastics is likely to restrict the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type – Segment Analysis

Based on the Type, the Flexible Transparent Plastics segment is expected to grow at a high CAGR during the forecast period. Polytetrafluoroethylene (PTFE) is the most suitable material in this segment. Flexible packaging is desired for its low cost, sustainability, convenience, and attractiveness. Another benefit of this kind of packaging is that it permits written information like product instructions to be placed on the label. PTFE is also a cost-effective solution for industries ranging from oil & gas, chemical processing, industrial to electrical/electronic and construction, etc.

Rigid transparent plastics are expected to lead the market over the upcoming years, because of the growing demand for plastic packaging in the medical industry. The expansion of pharmaceuticals has augmented the demand for rigid transparent plastics owing to the cost-effectiveness and the ease of disposal are some of the other factors driving the market growth.

Polymer Type – Segment Analysis

Based on the Polymer Type, Polyethylene Terephthalate (PET) segment is expected to grow at a high CAGR during the forecast period. They are known for their exceptional combination of mechanical, thermal, chemical resistance, and dimensional stability. Recycled PET can be converted to fibers, fabrics, sheets for packaging and manufacturing automotive parts. PET is highly flexible, colorless, and semi-crystalline resin in its natural state. It shows good dimensional stability, resistance to impact, moisture, alcohols, and solvents. Hence, PET is rapidly becoming the most desired packaging material for foods and beverages globally due to such properties.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. This region’s growth can be attributed to the surging demand for transparent plastics from significant end-use verticals like construction, packaging, electronics, and automotive, among others. Growing industrialization, coupled with the improving lifestyle and the rising per capita income of the consumers, propel the growth of these end-user industries, thereby enhancing the demand for transparent plastics. Companies in this region are rapidly adapting to this developing landscape and gaining attractive revenues through innovation, sustainable transition, valid pricing, and sales execution strategies. Hence, due to above factors this region is expected to account for high transparent plastics market share during the forecast period. Rapid industrialization and the expansion of manufacturing industry has resulted in increasing adoption of transparent plastic in the region, fueling the regional growth.

Top Market Players

Various notable players operating in the market include DuPont, Dow, LyondellBasell Industries Holdings B.V., SABIC, Covestro AG, BASF SE, INEOS, PPG Industries, Inc., Evonik Industries AG, LANXESS, among others. 

Key Developments:

• • In 2021, DuPont produced polyester films and coatings from its factory on Teesside and during the COVID-19 pandemic, it has been delivering supplies to community groups and those producing face shields to protect the hospital and care home staff in Tees Valley.
  • In 2021, Dow announced new materials offerings to its Asia-Pacific plastics portfolio. These New materials introduced comprise products and applications in sustainability, mobility, Industry 4.0, healthcare and consumer experience.
  • In 2018, LyondellBasell Industries Holdings B.V. signed a definitive agreement with A. Schulman, Inc. Under this agreement, LyondellBasell procured A. Schulman for a total consideration of USD 2.25 billion. With this acquisition, the company will improve its presence in the advanced polymer solutions business with vast geographic reach, leading technologies, and a diverse product portfolio.

Segments covered in the Report:

The global Transparent Plastics market has been segmented on the basis of Type, Polymer Type, Application, and regions. Based on Type, the market is segmented into Rigid Transparent Plastics and Flexible Transparent Plastics. Based on Polymer Type, the market is segmented into Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) and Others. Based on Application, the market is segmented into Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Goods, Healthcare and Others. 

For detailed scope of the “Transparent Plastics Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Transparent Plastics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Transparent Plastics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Transparent Plastics market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Polymer Type areas of global Transparent Plastics market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Transparent Plastics Market by Type

• • Rigid Transparent Plastics
  • Flexible Transparent Plastics

Global Transparent Plastics Market by Polymer Type

• • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polycarbonate (PC)
  • Polymethyl Methacrylate (PMMA)
  • Others

Global Transparent Plastics Market by Application

• • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Automotive
  • Consumer Goods
  • Healthcare
  • Others

Global Transparent Plastics Market by Region

• • North America Transparent Plastics Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Polymer Type
    • By Application
    • US Market Market All-Up
    • Canada Market All-Up
  • Europe Transparent Plastics Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Polymer Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Transparent Plastics Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Polymer Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Transparent Plastics Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Polymer Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Transparent Plastics (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • DuPont
  • Dow
  • LyondellBasell Industries Holdings B.V.
  • SABIC
  • Covestro AG
  • BASF SE
  • INEOS
  • PPG Industries, Inc.
  • Evonik Industries AG
  • LANXESS