Transparent Plastics Market (By Type: Rigid, Flexible; By Application: Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Goods, Healthcare, Others; By Polymer Type: Polyethylene Terephthalate, Polyvinyl Chloride, Polypropylene, Polystyrene, Polycarbonate, Polymethyl Methacrylate, Others; By Form: Rigid Transparent Plastics, Flexible Transparent Plastics) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global transparent plastics market size was valued at USD 136 billion in 2022 and it is expected to reach around USD 218.38 billion by 2032 and poised to grow at a CAGR of 4.9% during the forecast period 2023 to 2032.
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The global market for transparent plastic is anticipated to grow during the projected period as a result of increased demand from end-use sectors including construction, automobile, and consumer products. Additionally, it is anticipated that the worldwide transparent plastic market would grow due to the prolonged shelf-life of packaged food items and the ease of customizing. In addition, rising demand for transparent plastic is predicted to support the expansion of the global transparent plastics market in emerging nations like China and India, where it is widely utilized for food and beverage packaging.
Compared to other materials like glass and metal, plastic has the benefit of being lighter. Plastics are widely used in many end-use sectors because of their strength, beauty, performance, and ease of handling. Due to their great energy efficiency, aesthetics, design, flexibility, and cost-effectiveness, plastics are replacing conventional materials like glass in building applications including the construction of windows and frames. For instance, the windows use polycarbonate material. Plastics have a low thermal conductivity, which lowers heating and cooling costs while providing protection from severe weather. Transparent plastics are also proven to be more lucrative than other materials in the packaging business.
Report Coverage | Details |
Market Size in 2023 |
USD 141.98 Billion |
Market Size by 2032 |
USD 218.38 Billion |
Growth Rate from 2023 to 2032 | CAGR of 4.9% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | Type, Application, Polymer Type, Form and Geography |
Companies Mentioned |
Eon Reality, Inc, Layar, Bioflight VR, WorldViz, TheraSim Inc, CAE, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Mindmaze |
Key Market Drivers
Key Market Challenges
Key Market Opportunities
According to type, the flexible transparent plastics market is anticipated to expand at a rapid CAGR over the next years. In this area, polytetrafluoroethylene (PTFE) is the substance that works well. Flexible packaging is coveted for its affordability, sustainability, use, and beauty.
This type of packaging also has the advantage of allowing textual information, such as product instructions, to be printed on the label. Additionally, PTFE is an affordable alternative for a variety of sectors, including oil and gas, chemical processing, industrial, electrical/electronic, and construction.
The packaging and films category, which in 2022 held a sizeable portion of the transparent plastics market, is anticipated to expand at a CAGR of 7.5% from 2023 to 2032. Due to the majority of customer demands, the packaging and film sectors are quickly moving toward lightweight, transparent, and durable materials. As a result, there is an increasing need for polyethylene terephthalate films and sheets since they have these qualities and are relatively affordable. Transparent polymers like polyethylene terephthalate films are mostly replacing conventional films because they are safer, more cost-effective for food packaging, and stronger across a wider range of temperatures. According to the Ministry of Economy, Trade, and Industry of Japan, polyethylene films and sheets totaled 2.4 million metric tons of processed plastic in 2020. This significant production volume demonstrates the rising demand for and consumption of plastic films as well as the wide range of packaging uses in the automotive, food and beverage, chemical, pharmaceutical, and other sectors.
As a result, throughout the forecast period, the packaging and films sector will be the largest and fastest-growing section within the application segmentation of the market. During the projected period, the aforementioned reasons are anticipated to fuel demand and market expansion for transparent plastics.
The majority of the transparent plastics market in 2022 belonged to polyethylene terephthalate (PET), which has received approval from the Food and Drug Administration in several nations and numerous other health-safety organizations worldwide for its suitability for contact with food and drinks. PET, also known as polyethylene terephthalate, is becoming the material of choice for packaging foods and drinks across the world because of its distinctive qualities, which include clarity, good barrier characteristics, ease of handling, low weight, safety, and recycling.
PET, an affordable thermoplastic polymer with exceptional mechanical, thermal, chemical, and high tensile qualities, is made of polyethylene terephthalate. For the production of water bottles, fibers, films, and soft drink containers, it is the most extensively used transparent material. They are widely utilized in a variety of sectors, including electrical and electronic, building and construction, automotive, and medical. Additionally, the most recycled plastic in the world is polyethylene terephthalate (PET). The market for transparent plastics is dominated by polyethylene terephthalate due to the aforementioned characteristics.
In 2022, the rigid category controlled a large portion of the transparent plastics market. T Since rigid clear plastics are excellent for usage in a variety of applications thanks to their advantageous characteristics including the nature of the mix, physical features, and simplicity of consumption, the rigid plastics market is anticipated to maintain its dominance during the projected period. Because of their affordability, sustainability, beauty, and rigidity, rigid transparent polymers are favoured. These translucent polymers also have the benefit of enabling the labeling of textual information, such as product instructions. Thus, it is anticipated that the rigid segment would rule the transparent plastics market throughout the projected period as a result of all the aforementioned aspects.
During the forecast period, the Asia-Pacific region is anticipated to lead the market. The explosive demand for transparent plastics from major end-use industries including construction, packaging, electronics, and automotive, among others, is responsible for this region's rise. The expansion of these end-user businesses fuels the need for transparent plastics by driving up industrialization while also upgrading consumer lifestyles and per capita income. Through innovation, sustainable change, reasonable pricing, and sales execution techniques, businesses in this region are quickly adjusting to this changing landscape and generating attractive revenues. Therefore, as a result of the aforementioned reasons, this region is anticipated to hold a large market share for transparent plastics throughout the projected period.
Transparent Plastics Market Share, By Region, 2022 (%)
Regions | Revenue Share in 2022 (%) |
North America | 26.10% |
Asia Pacific | 42% |
Europe | 20.50% |
Latin America | 7% |
MEA | 4.40% |
Segments covered in the report
By Type
By Application
By Polymer Type
By Form
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Transparent Plastics Market
5.1. COVID-19 Landscape: Transparent Plastics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Transparent Plastics Market, By Type
8.1. Transparent Plastics Market, by Type, 2023-2032
8.1.1. Rigid
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Flexible
8.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Transparent Plastics Market, By Application
9.1. Transparent Plastics Market, by Application, 2023-2032
9.1.1. Packaging
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Building & Construction
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Electrical & Electronics
9.1.3.1. Market Revenue and Forecast (2021-2032)
9.1.4. Automotive
9.1.4.1. Market Revenue and Forecast (2021-2032)
9.1.5. Consumer Goods
9.1.5.1. Market Revenue and Forecast (2021-2032)
9.1.6. Healthcare
9.1.6.1. Market Revenue and Forecast (2021-2032)
9.1.7. Others (Aerospace, Agriculture)
9.1.7.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Transparent Plastics Market, By Polymer Type
10.1. Transparent Plastics Market, by Polymer Type, 2023-2032
10.1.1. Polyethylene Terephthalate (PET)
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Polyvinyl Chloride (PVC)
10.1.2.1. Market Revenue and Forecast (2021-2032)
10.1.3. Polypropylene (PP)
10.1.3.1. Market Revenue and Forecast (2021-2032)
10.1.4. Polystyrene (PS)
10.1.4.1. Market Revenue and Forecast (2021-2032)
10.1.5. Polycarbonate (PC)
10.1.5.1. Market Revenue and Forecast (2021-2032)
10.1.6. Polymethyl Methacrylate (PMMA)
10.1.6.1. Market Revenue and Forecast (2021-2032)
10.1.7. Others (Polyamide, ABS & SAN, Polyethylene, TPU)
10.1.7.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Transparent Plastics Market, By Form
11.1. Transparent Plastics Market, by Form, 2023-2032
11.1.1. Rigid Transparent Plastics
11.1.1.1. Market Revenue and Forecast (2021-2032)
11.1.2. Flexible Transparent Plastics
11.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 12. Global Transparent Plastics Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Type (2021-2032)
12.1.2. Market Revenue and Forecast, by Application (2021-2032)
12.1.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.1.4. Market Revenue and Forecast, by Form (2021-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Type (2021-2032)
12.1.5.2. Market Revenue and Forecast, by Application (2021-2032)
12.1.5.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.1.5.4. Market Revenue and Forecast, by Form (2021-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Type (2021-2032)
12.1.6.2. Market Revenue and Forecast, by Application (2021-2032)
12.1.6.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.1.6.4. Market Revenue and Forecast, by Form (2021-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Type (2021-2032)
12.2.2. Market Revenue and Forecast, by Application (2021-2032)
12.2.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.2.4. Market Revenue and Forecast, by Form (2021-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Type (2021-2032)
12.2.5.2. Market Revenue and Forecast, by Application (2021-2032)
12.2.5.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.2.5.4. Market Revenue and Forecast, by Form (2021-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Type (2021-2032)
12.2.6.2. Market Revenue and Forecast, by Application (2021-2032)
12.2.6.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.2.6.4. Market Revenue and Forecast, by Form (2021-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Type (2021-2032)
12.2.7.2. Market Revenue and Forecast, by Application (2021-2032)
12.2.7.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.2.7.4. Market Revenue and Forecast, by Form (2021-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Type (2021-2032)
12.2.8.2. Market Revenue and Forecast, by Application (2021-2032)
12.2.8.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.2.8.4. Market Revenue and Forecast, by Form (2021-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Type (2021-2032)
12.3.2. Market Revenue and Forecast, by Application (2021-2032)
12.3.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.3.4. Market Revenue and Forecast, by Form (2021-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Type (2021-2032)
12.3.5.2. Market Revenue and Forecast, by Application (2021-2032)
12.3.5.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.3.5.4. Market Revenue and Forecast, by Form (2021-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Type (2021-2032)
12.3.6.2. Market Revenue and Forecast, by Application (2021-2032)
12.3.6.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.3.6.4. Market Revenue and Forecast, by Form (2021-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Type (2021-2032)
12.3.7.2. Market Revenue and Forecast, by Application (2021-2032)
12.3.7.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.3.7.4. Market Revenue and Forecast, by Form (2021-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Type (2021-2032)
12.3.8.2. Market Revenue and Forecast, by Application (2021-2032)
12.3.8.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.3.8.4. Market Revenue and Forecast, by Form (2021-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Type (2021-2032)
12.4.2. Market Revenue and Forecast, by Application (2021-2032)
12.4.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.4.4. Market Revenue and Forecast, by Form (2021-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Type (2021-2032)
12.4.5.2. Market Revenue and Forecast, by Application (2021-2032)
12.4.5.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.4.5.4. Market Revenue and Forecast, by Form (2021-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Type (2021-2032)
12.4.6.2. Market Revenue and Forecast, by Application (2021-2032)
12.4.6.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.4.6.4. Market Revenue and Forecast, by Form (2021-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Type (2021-2032)
12.4.7.2. Market Revenue and Forecast, by Application (2021-2032)
12.4.7.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.4.7.4. Market Revenue and Forecast, by Form (2021-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Type (2021-2032)
12.4.8.2. Market Revenue and Forecast, by Application (2021-2032)
12.4.8.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.4.8.4. Market Revenue and Forecast, by Form (2021-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Type (2021-2032)
12.5.2. Market Revenue and Forecast, by Application (2021-2032)
12.5.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.5.4. Market Revenue and Forecast, by Form (2021-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Type (2021-2032)
12.5.5.2. Market Revenue and Forecast, by Application (2021-2032)
12.5.5.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.5.5.4. Market Revenue and Forecast, by Form (2021-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Type (2021-2032)
12.5.6.2. Market Revenue and Forecast, by Application (2021-2032)
12.5.6.3. Market Revenue and Forecast, by Polymer Type (2021-2032)
12.5.6.4. Market Revenue and Forecast, by Form (2021-2032)
Chapter 13. Company Profiles
13.1. EI. Du Pont De Nemours and Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Dow Chemical Company
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Lyondellbasell Industries,
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Holdings B.V.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. SABIC, Covestro
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. BASF SE
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. INEOS
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. PPG Industries
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Evonik Industries AG
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. LANXESS AG
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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