Global Paper, Plastics, Rubber, Wood and Textile Market Report 2022
New York, April 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Paper, Plastics, Rubber, Wood And Textile Global Market Report 2022” – https://www.reportlinker.com/p06251030/?utm_source=GNW
The global paper, plastics, rubber, wood and textile market is expected to grow from $6,001.19 billion in 2021 to $6,532.21 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The market is expected to reach $8,798.09 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%.
The paper, plastic, rubber, wood and textile market includes sales of paper, plastic, rubber, wood and textile products by entities (organizations, sole proprietorships and partnerships) that produce paper products , rubber, plastic, wood and textiles.
The main types of paper, plastic, rubber, wood and textile are clothing and leather products, furniture, general manufactures, paper products, plastics and rubber products, printing and related support activities, textiles and wood products. hides in leather by tanning or hardening them and then turning them into finished products, as well as producing similar products from other materials, such as alternatives to leather like rubber, polymers or textiles (except clothing).
The different natures include organic, conventional and are distributed through various channels such as supermarkets or hypermarkets, convenience stores, e-commerce, others.
Asia Pacific was the largest region in the paper, plastics, rubber, wood and textile market in 2021. Western Europe was the second largest region in the paper, plastics, rubber, wood and textiles.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rapid technological development – Technology is expected to be a continuous driver of market growth during this period. Industries that involve technology, such as this, have benefited from this trend over this period.
For example, technologies such as “green tires”, where 20-30% of a vehicle’s fuel consumption is related to tire performance, took off during this period. Green tires provide wet grip, durability and low rolling resistance, reducing fuel consumption. from 5 to 7%.
Thus, technological advancements that have improved performance, reduced fuel consumption have contributed to the growth of the market.
Coronavirus Pandemic – The coronavirus disease (COVID-19) outbreak has acted as a massive restriction in the paper, plastic, rubber, wood and textile manufacturing market in 2021 as chains of supplies have been disrupted due to trade restrictions and consumption has declined due to lockdowns imposed by governments around the world. COVID-19 is an infectious disease with flu-like symptoms including fever, cough and difficulty breathing.
The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. Measures taken by national governments to contain transmission have resulted in the shutdown of manufacturing activities and a decline in economic activity with countries entering a state of “lockdown” and the epidemic has had a negative impact on the companies throughout 2021 and into 2021.
However, the paper, plastic, rubber, wood and textile manufacturing market is expected to recover from the shock throughout the forecast period as it is an event of a “black swan” and not related to persistent or fundamental market or global market weaknesses. economy.
Manufacturers in the plastic products industry are investing in automation technologies to reduce production costs, improve productivity and improve product quality. The use of sensors and wireless technology helps collect valuable data which is used to improve efficiency and reduce errors.
This results in streamlined manufacturing processes, higher product quality at lower cost. According to ABB, a manufacturer of industrial robots, some of their customers have reported a 15-30% increase in productivity after installing robotic automation systems.
Around 180,000 machines were employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines in 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd.
The countries covered by the paper, plastics, rubber, wood and textile market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia , Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria , Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Viet Nam.
Read the full report: https://www.reportlinker.com/p06251030/?utm_source=GNW
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