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Rapid Growth Forecasted for Plastic Market
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Advanced Recycling Facilities Receive Pu...
Advanced Recycling Facilities and Plasti...
Biodegradable Polymer Market Booms
Overview
API
The global plastic materials and resins market is set to experience substantial growth, with a projected CAGR of 11.2% from 2023 to 2024. By 2028, it is expected to reach $1498.73 billion, driven by innovations in packaging and increased demand from the electric vehicle sector, with Asia-Pacific taking the lead in market share.
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How might the increasing focus on eco-friendly biodegradable plastics impact the market dynamics?
In what ways could the dominance of Asia-Pacific in the market influence global trade patterns?
What challenges could arise from the rapid growth of the plastic materials and resins market?
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