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Stock impact report

Commodity Plastics Industry Report 2024: Global Market to Reach $939.2 Billion by 2030, Driven by Increased Utilization in Packaging, Construction, Automotives, Electronics, and Consumer G...

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Yahoo! Finance
The global market for Commodity Plastics was estimated at US$593.0 Billion in 2023 and is projected to reach US$939.2 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the commodity plastics market is driven by several factors, including the expansion of key end-use industries, technological advancements, and increasing environmental awareness. The rising demand for lightweight materials in the automotive and aerospace sectors, aimed at improving fuel efficiency and reducing emissions, has boosted the need for durable plastics. In packaging, the shift toward single-use, lightweight packaging has fueled demand for polyethylene, polypropylene, and other commodity plastics. Technological advancements, particularly in recycling and biodegradable plastics, are addressing environmental concerns while expanding the market Show less Read more
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