DALLAS, March 7, 2013 /PRNewswire-iReach/ -- Global food and beverages plastics market is expected to reach US$71.5 billion by 2016. With a CAGR of 6.8%, global market value for plastics in Industrial application sector is anticipated to be worth US$11.1 billion by 2015. Primarily supported by application sub sectors like protection devices, electric wires and cables and power capacitors the electrical plastics market is forecast to witness a value of US$27.2 billion by 2016. The rigid plastics market is expected to reach US$272.9 billion worth by 2016 primarily supported by the segments: types – caps & closures and pails and resins – polyethylene tetraphthalate (PET) and poly vinyl chloride (PVC).
Globally, Polyethylene (PE) and Polypropylene (PP) together account for approximately 46% of the market and are expected to support the plastics industry going forward. Geographical analysis shows that the highest Compounded Annual Growth Rate (CAGR) of 9% is anticipated from Asia-Pacific region during the analysis period 2011-2016. The Americas follows Asia-Pacific with a CAGR of 8.4% while Europe forecasts to drive with a growth rate of 4.9%. Along with the market value analytics, volume based data also suggests positive prospects for the industry going forward. On a volume scale, highest growth rate is expected from Europe during the analysis period. The report 'Rigid Plastics – A Global Market Watch, 2011 – 2016' delivers a microscopic view of regional market values. The major rigid plastics – product type and resins discussed in the report (available for purchase @ http://www.rnrmarketresearch.com/contacts/purchase?rname=82843) are: By Product type - Bottles and Jars, Pails, Caps & Closures (Lids, flat caps, sports caps, rounded caps, carton mechanisms and pouch spouts), Tubs/Cups/Bowls, Trays, Tubes/Pipes & Others; By Resin - Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polystyrene (PS) and Other.
For the electrical plastics market, geographical analysis shows the highest CAGR of 9.6% is foreseen from Asia-Pacific region during the analysis period 2011-2016. The Americas is not way behind with a CAGR of 9.0%, followed by Rest of World at 6.0%. Among the application sector, Protection Devices accounts for nearly 30.2% of the overall market share; Electric Wires & Cables and High/Low-Voltage Electric Equipment's stand at second and third positions respectively. Power Capacitors market is observed to drive as the fastest growing segment with a CAGR of 8.6%, during the period. The major electrical plastics – end-users discussed in the report (available for purchase @ http://www.rnrmarketresearch.com/contacts/purchase?rname=83173) are: By End-User - Protection Devices, Electric Wires & Cables, High/Low-Voltage Electric Equipment's & Power Capacitors.
On a global scale, in the industrial plastics industry, Europe accounts for more than 30% of the market. While US accounts for the largest share of the global market value on a country basis, India and Japan surpasses the US in terms of growth rate anticipated in the near future and leads the world. Among the end-use segments, Plasticizers account for the largest share of the entire market, driving a CAGR of 6.2%, during the analysis period 2011-2016. Lubricants see as the fastest growing end-user with a forecast CAGR of approximately 8.1% by 2016, respectively. The major industrial plastics – end-users discussed in the report (available for purchase @ http://www.rnrmarketresearch.com/contacts/purchase?rname=83175) are: By End-User – Plasticizers, Lubricants, Solvents & Others (Fillers, Binders, Dyes and Other).
Globally, Fruit and Vegetables and Bottles/Containers together account for approximately 40% of the market are expected to support the Food and Beverages plastics industry going forward. Geographical analysis for Food and Beverages Plastics market shows that the highest Compounded Annual Growth Rate (CAGR) of 8.1% is anticipated from Asia-Pacific region during the analysis period 2011-2016. The Americas follows Asia-Pacific with a CAGR of 7.5%, while the Europe forecasts to drive with a growth rate of 4.1%. The major food & beverage plastics –end-users discussed in the report (available for purchase @ http://www.rnrmarketresearch.com/contacts/purchase?rname=83150) are: By End-User - Fruits and Vegetables, Bottles/Containers, Dairy, Bakery, Meat/Poultry/Seafood, Frozen & Others (Sauce and Condiments, Coffee, Juices and Other).
Explore more reports on the Plastics Market @ http://www.rnrmarketresearch.com/reports/materials-chemicals/plastics and other reports by Axis Research Mind @ http://www.rnrmarketresearch.com/publisher/Axis-Research-Mind.html.
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