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Global Demand for Plastics Will Soar Over the Long Term, Business and Industry Trends Analysis

While the Coronavirus lessened demand for many types of industrial products, global activity in the energy efficiency, construction, automotive, health care and housing markets will give a boost to the plastics segment over the very long term.  Continued, rapid growth in the size of the global middle class will push demand forward for all types of consumer goods based on plastics.  Global plastics production topped 367 million tons per year in 2020, according to Plunkett Research estimates.  The global chemicals industry will total about $5.5 trillion in revenues in 2021, according to Plunkett Research estimates.  (About $1.25 trillion of that…

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