European Plastics Market Share 2020: Trends, Key Players, Industry Analysis and Report 2020-2026

1. Orion Market Research European Plastics Market to 2026, Future Outlook, COVID-19 Impact Analysis, Forecast 2020-2026 Request a sample of our report on European Plastics Market: https://www.omrglobal.com/request- sample/europe-plastics-market ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 7803040404

2. European Plastics Marketis anticipated to grow at a CAGR of 6.5% during the forecast period (2021- 2027) and is estimated to reach around $127.7 billion in 2027. The market growth is driven by the presence of various players operating in the European plastics market. Some of the major companies operating in the region include Albea Services S.A.S., MPack Poland sp. z o.o. sp.k., Scandolara S.p.A., C.T.L. Packaging, Hoffmann Neopac AG, HuhtamäkiOyj, Linhardt GmbH & Co KG and others. Albea Services S.A.S. is a French company that produces printed laminate tubes for the oral care and personal care sector. The huge negative impact of the COVID-19 pandemic has been witnessed in the plastic industry in Europe. The demand for plastic material has increased significantly in the healthcare sector due to the exponential rise in the usage of PPE kits, and gloves; however, it cannot be compensated by the downfall in the other sector. (Get 15% Discount on Buying this Report) A full report of European Plastics Market is available at: https://www.omrglobal.com/industry- reports/europe-plastics-market Growing Demand for Plastics Market A significant government role in the plastic industry will be foreseen in the region during the forecast period to reduce plastic waste and to increase plastic recycling. European Union (EU) is focusing on a more ‘circular’ approach. In 2015, the European Commission adopted the Circular Economy Action Plan. It will cover all prospects of the plastic industry starting from production to waste management. A revised legislative framework on waste came into force in July 2018, with a target to reduce waste in the region. As per the revised proposal, by 2035, 65% of the municipal wastage should be recycled, 70% of the packaging waste should be recycled by 2030, and municipal waste landfill should be limit to a maximum of 10% by 2035 in the region. It will lead plastic manufacturers to develop more eco-friendly products which can be recycled easily. To learn more about this report request a sample copy @ https://www.omrglobal.com/request- sample/europe-plastics-market Scope of the European Plastics Market Market Coverage     Competitive Landscape- Arkema Group, BASF SE, Saudi Basic Industries Corp. (SABIC), INEOS AG, Asahi Kasei Corp. The market number available for 2020-2027 Base year- 2020 Forecast period- 2021-2027 Segment Covered- By Type and Application

3. Recent Strategic Initiatives in the European Plastics Market  In October 2020, Avoury, the new brand launched by Melitta Single Portions, is working with SABIC’s TRUCIRCLE portfolio of solutions and services to create its pioneering new premium organic tea capsules, produced from certified circular polypropylene that uses feedstock made from used plastic.  In June 2020, INEOS announced to acquire BP’s global Aromatics and Acetyls business for $5 billion. Aromatics offer the building blocks for the global polyester industry, which is key to fibers, films, and packaging. Acetyls enables a broad range of downstream industries in food flavoring and preservation, pharmaceuticals, paints, adhesives, and packaging. The acquisition of BP’s global Aromatics and Acetyls business is a development of its current petrochemicals business, expanding its interest in acetyls and integrate aromatics business, encouraging the global polyester industry. For more customized data, request for report customization @ https://www.omrglobal.com/report- customization/europe-plastics-market European Plastics Market- Segmentation By Type Thermosets Thermoplastics By Application Packaging Building & Construction Automotive Electrical & Electronics Household, Leisure & Sports Agriculture Others

4. Company Profiles Arkema Group Asahi Kasei Corp. Braskem S.A. BASF SE Evonik Industries AG INEOS AG Koninklijke DSM N.V. LyondellBasell Industries N.V. Saudi Basic Industries Corp. (SABIC) Sibur Holding Solvay SA Toray Group Total Petrochemicals & Refining SA/NV Reasons to Buying From us – 1.We cover more than 15 major industries, further segmented into more than 90 sectors. 2.More than 120 countries are for analysis. 3.Over 100+ paid data sources mined for investigation. 4.Our expert research analysts answer all your questions before and after purchasing your report. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 7803-040-404