The North American plastics market will see a considerable growth of 2.4% during the forecast period. In the fast-paced lifestyle of North America, people seek “on the go” food and beverage packaging, with user-friendly features such as portion packs and re-sealable options.

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In North America, especially in the US, the consumers are rapidly inclined toward healthy alternatives to beverages, mostly bottled water, which in turn, rising the need for plastics in the US. This trend is further expected to compel manufacturers to increase plastic bottle manufacturing capabilities and investments in the country. In recent times, the bottled water surpassed soda as the largest packaged beverage category by volume in the US.

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In 2019, the consumption share of bottled water in the US, stood at 25.2%, as per a report published by the International Bottled Water Association 2019. According to the same report, bottled water consumption in the US increased to 14.3 billion gallons, up by 3.6% from 2018, and retail sales totaled $34.8 billion up by 5.8% increase from 2018.

Per capita consumption of bottled water has considerably increased by 2.7%, with an average American drinking 43 gallons of bottled water annually. Along with the bottled packaging, the US food packaging industry is growing at a substantial rate, owing to the growing export of packaged food around the globe, majorly in China, South Korea, India, and other Asian economies.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material and By Application
• Countries Covered- China, India, Japan, and Rest of Asia-Pacific
• Competitive Landscape- Exxon Mobil Corp., Saudi Basic Industries Corp. (SABIC), The Dow Chemical Co., Celanese Corp., Formosa Plastics Corp., and BASF SE

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Plastics Market – Segmentation

By Type

• Thermoplastics
• Thermosets

By Application

• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Household, Leisure & Sports
• Agriculture
• Others

North American Plastics Market – Segmentation by Geography

• US
• Canada

Company Profiles

• Arkema Group
• Airex Industries Inc.
• Asahi Kasei Corp.
• BASF SE
• BioLogiQ Inc.
• Celanese Corp.
• Chevron Corp.
• Cope Plastics Inc.
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Exxon Mobil Corp.
• Hexcel Corp.
• MBA Polymers, Inc.
• Momentive Performance Materials Inc.
• NOVA Chemicals Corp.
• Petoskey Plastics, Inc.
• PolyOne Corp.
• Rogers Corp.
• Saudi Basic Industries Corp. (SABIC)
• Sekisui Kydex, LLC
• The Dow Chemical Co.
• The Plastics Group of America (TPG)
• VIP Rubber Co., Inc.
• Wellman Advanced Materials, LLC
• Westlake Chemical Corp.

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