Transparent Plastic Market Growth Insights, SWOT Analysis by Top Key Vendors and Forecast to 2027

 [March 21] : The global sugar confectionery market size is anticipated to reach USD 69.5 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the offline stores segment dominated the global sugar confectionery industry, in terms of revenue. Asia-Pacific is expected to grow at the highest rate during the forecast period.

 

A significant increase in population, changing eating habits, and rising disposable income drive the market growth. Other factors influencing the global sugar confectionery industry include growing inclination towards gifting of confectionery products, and investments by market players in promotional activities, advertising campaigns, and social media marketing. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific, further fuels the market growth.

 

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Factors such as increase in per capita income, changes in consumer behavior, and rising trend of e-commerce are expected to accelerate the growth of sugar confectionery industry in the coming years. However, increasing health awareness, rising cases of obesity related diseases, and shift in trend towards consumption of low calorie food are expected to restrict the growth of the sugar confectionery industry. Increasing demand from developing nations, rising demand for organic and premium chocolate products, and growing trend of gifting confectionery products are factors expected provide numerous growth opportunities to the market players during the forecast period.

 

Asia-Pacific is expected to grow at the highest rate during the forecast period. The increasing population in the region coupled with rising disposable income drives the market growth in the region. The increasing demand of Sugar Confectionery in the region is expected to be driven by growth in countries such as China, Japan, and India. The development in retail market, stable economic growth, and growing trend of using sugar confectionery as gifts supports the market growth in the region.

 

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The well-known companies profiled in the sugar confectionery market analysis report include Nestle SA, Mondelez International, Perfetti Van Meller, Lindt & Sprungli, Hershey Food Corp, Ferrero Group, Mars Incorporated, Kraft Foods Co., WM Wrigley JR Company, and Haribo GmbH & Co. KG among others. These companies are consistently launching new products to enhance their offerings in the global sugar confectionery industry. With change in lifestyles, companies are innovating and introducing new products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

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Transparent Plastic Market Business Growth Opportunities by Top Companies and Future Challenges

 [March 21] The global transparent plastic market size is estimated to reach USD 177.43 billion by 2026 growing at a CAGR of 6.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Transparent Plastic Market Share, Size, Trends, & Industry Analysis Report, By Type (Rigid Transparent Plastic, Flexible Transparent Plastic), By Polymer Type (Polycarbonate, Polyvinyl Chloride, Polystyrene, Polypropylene, Polyethylene Terephthalate), By End-User, By Region]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the packaging segment dominated the global transparent plastic industry, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

The diverse applications of transparent plastic in industries such as healthcare, construction, packaging, automotive, and consumer goods among others is expected to support the market growth. The demand for transparent plastic has improved significantly over the past few years owing to features such as improved shelf-life of packaged food products, and ease of customization. Other factors driving the transparent plastic industry include growing adoption of electric vehicles, development of bio-based transparent plastics, and rising demand from food & beverages industry for packaging solutions.

 

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However, increasing concerns regarding environmental pollution, and increasing demand for eco-friendly packaging material are expected to restrict the market growth. Increasing demand from developing nations, recycling of PVC, and technological advancements are expected provide numerous growth opportunities to the market players operating in the transparent plastic industry.

 

PVC is an amorphous thermoplastic with properties such as high transparency, excellent mechanical properties and impact strength, and great resistance to chemicals and fire. Optical characteristics of clear PVC products include high light transmission, high clarity, and anti-glare surface. It is used in the construction sector for day lighting, greenhouse, and safety glazing applications. The packaging industry uses PVC for blister packs, cling films, clear wraps, whereas the healthcare sector uses it for bags, tubing, drips, connectors, and valves among others.

Asia-Pacific generated the highest revenue in the transparent plastic industry in 2018, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, construction, and packaging, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization, growing demand from packaged food and beverages and healthcare sectors, and growth of electronics industry in the region supports the market growth in the region.

 

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The well-known companies profiled in the transparent plastic market report include BASF SE, PPG Industries, LG Chem, E. I. Du Pont De Nemours and Company, Asahi Kasei Corporation, Evonik Industries AG, The Dow Chemical Company, Teijin Limited, Eastman Chemical Company, Chevron Phillips Chemical Company, Exxon Mobil Corporation, and PolyOne Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.