Plastic Resins Market Worth,Overview Highlighting Major Drivers, Trends, Report 2021- 2028
The global Plastic Resins Market size is expected to reach USD 588.02 Billion in 2028 and register a revenue CAGR of 4.3% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising utilization of plastic resins in the packaging industry. Rapidly growing sectors such as food packaging, healthcare, and pharmaceuticals is driving revenue growth of the packaging industry. In addition, strict lockdown measures imposed globally during pandemic is been resulting in increasing purchase of packed food & beverages, healthcare products, sanitizers, disinfectants, and other essential items requiring packaging. Moreover, food service businesses shifted to takeaway and home-delivery options from ‘brick and mortar’ operations. These factors are expected to boost revenue growth of the plastic resins market during the forecast period.
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