Global Plastic Market Set to Reach USD 714.03 Billion by 2030, Growing at a 5% CAGR
Market Size The Global Plastic Market was valued at USD 507.45 Billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5% from 2024 to 2030. This growth is attributed to an ongoing rise in demand from key industries such as packaging, automotive, construction, consumer goods, and healthcare. The plastic industry’s versatility and cost-effectiveness in manufacturing and packaging continue to drive its global market expansion.
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