Asia Pacific Plastics in Consumer Electronics Market size is expected to reach USD 5.3 billion by 2028
Asia Pacific Plastics in Consumer Electronics Industry Overview The Asia Pacific plastics in consumer electronics market size was valued at USD 3.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. The growth of the market is driven by the increasing adoption of bio-based polycarbonate by manufacturers of consumer electronics. Increased investments in research & development activities and the introduction of recycled polymers such as bio-based polycarbonate have been key factors offering a competitive advantage to the players in this market. Stringent rules and regulations to monitor plastic consumption across the region, including the ban on plastic waste imports in China since 2017, are expected to act as a restraint for the growth of the Asia Pacific plastics market in consumer electronics in the near future. The Asia Pacific region has been the fastest-growing market for plastics ...