Key Findings
The North America plastic compounding market is forecasted to register a CAGR of 4.67% in terms of volume and 6.08% in terms of revenue over the estimated period of 2021 to 2028. The regional market’s growth is determined by key factors such as the increasing demand for packaging, bottles, and containers, and the growing requirement for products that maximize performance and energy efficiency, in addition to the durability of non-building and building construction.

Market Insights
The North America plastic compounding market growth evaluation entails the assessment of Canada and the United States. As an emerging market for plastic compounding, Canada observes substantial demand across industries such as automotive, medical, aerospace, and electronics. As a result, this factor provides the country’s plastic compounding market with lucrative growth opportunities.
On the other hand, as per the Food & Consumer Products of Canada, the augmenting packaged & frozen food industry combined with the growing prioritization of quality ingredients generates an increased demand across the packaging division. Moreover, according to the country’s government, food & beverage processing is the second-largest industry in Canada, accounting for 2% of the national gross domestic product and 17% of the overall manufacturing shipment. Furthermore, Canadian processed food & beverage products are exported to nearly 190 nations, including China, Japan, South Korea, and the United States. Therefore, the aforementioned factors are anticipated to reinforce the plastic compounding market growth in North America over the projected years.

Competitive Insights
Eminent players operating in the market are Kraton Corporation, Dow Chemical Company, BASF SE, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments