Analysts predict that over the next five years the global PP compound annual growth of 6.3%

Recently, an analyst at consulting firm Transparency Market Research in the statistical report forecasts the market in the next five years the global PP market value CAGR of 6.3% to reach $ 124 billion by 2019. Masking tape


The report notes that on the one hand PP products end markets such as packaging, automotive and other industries will be the main driving force of PP market demand. Data show that in 2012 the demand for PP packaging industry for more than half of total demand, the current packaging industry has become the world's largest PP end markets. On the other hand,Wholesale masking tape

 changing and increasing disposable income and other factors lifestyles will further boost the demand for PP, such as changes in eating habits and emerging Asian countries, such as intense competition in consumer goods. Washi tape


Market analysts also pointed out that despite the PP market outlook for the next few years can be expected, but the increasingly serious environmental problems as well as the vagaries of the price of raw materials PP will also restrict the healthy development of the industry.Sellotape