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From 2020 to 2023, the growth of imports failed to regain momentum for Plastic Closure. In value terms, Plastic Closure imports surged to $843M in 2023.
During the review period, Plastic Box imports reached a peak of 70K tons in 2022 before experiencing a significant decline the following year. In terms of value, imports of Plastic Boxes dropped to $238M in 2023.
Imports of Artificial Guts reached a peak in 2023 and are expected to continue growing steadily. The value of artificial guts imports rose to $129M in 2023.
From 2021 to 2023, the Plastic Bag exports saw a decline in growth, with export value dropping sharply to $694M in 2023.
Imports of Plastic Packaging reached a peak of 1.6M tons before significantly decreasing the following year. In terms of value, imports of plastic packaging slightly increased to $2.3B in 2023.
The global market for plastic containers is expected to see continued growth over the next seven years, driven by increasing demand worldwide. Market performance is forecasted to expand with a CAGR of +2.5% for volume and +4.8% for value from 2023 to 2030.
During the period analyzed, Plastic Container exports peaked at 188K tons in 2017 but failed to regain momentum from 2018 to 2023. In terms of value, exports saw a slight decrease, reaching $779M in 2023.
Imports of Vulcanised Rubber Thread reached a peak of 5.5K tons before sharply decreasing in the subsequent year. In terms of value, imports declined significantly to $12M in 2023.
Plastic Bottle exports hit record high reaching $354M in 2023, poised for continued growth.
Reclaimed Rubber exports peaked at 147K tons before dramatically dropping the following year. The value of exports also decreased significantly to $72M in 2023.
During the period analyzed, Plastic Doors And Windows exports peaked in 2023 and are projected to continue growing. In 2023, the value of exports for plastic doors and windows was $2.3B.
During the review period, Plastic Reservoir exports reached their highest point in 2023 and are projected to continue growing. The value of plastic reservoir exports surged to $134M in 2023.
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