The Global Laos Plastics Market 2018 inspects the execution of the Laos Plastics advertise, encasing a top to bottom judgment of the Laos Plastics showcase state and the aggressive scene comprehensively. This report breaks down the capability of Laos Plastics market in the present and in addition the future prospects from different points in detail.
The Laos Plastics Market is expected to grow at a moderate rate during the forecast period, 2018 – 2023. The demand in Laos is estimated to lead the market owing to the rapid growth of the packaging sector in the country.
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The plastic industry in South East Asian countries is expected to increase at appreciable growth rates due to the increasing globalization, urbanization, and consumer demand. Laos, being poorly developed and low on connectivity, has been expanding its base for plastic consumption and production, particularly consumption, due to the growing government aims through collaborative private and public investments into SEZs to increase socio-economic conditions.
Increasing Investments to Capitalize from the Industrial Segment
The growing share of national revenue from natural resources (agriculture, forestry, livestock, hydro-electricity, mining, etc.), as well as increasing investments in the upcoming industries, will lead to growth of the service sector. The increase in the investments in various industrial sectors to increase the commercial production scales in order to maintain the increasing trade demands from the neighboring countries. Domestic and foreign private investment focus mainly on the energy and mining sectors followed by the services and agriculture sectors.
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Packaging Industry to Dominate the Market
The packaging sector is the largest consumer of plastics, in terms of application, and it is expected to grow owing to the growing demand from packaged goods and FMCG industries. However, restrictions, such as lack of materials, technology, and investments are expected to restrict the market growth.
Increasing investments to increase export production as a part of ASEAN economic integration leading to industrial expansion, increasing demand for bio-degradable plastics, and an anticipated growth in the healthcare industry expenditure are expected to provide a huge opportunity for the increasing consumption of plastics in Laos.
Key Developments in the Market:
Feb 2018: DowDuPont announced brand names for the three independent companies it intends to create, reflecting ongoing progress towards separations.
Major Players: BASF SE, DowDuPont, Sumitomo Corporation, Continental Plastic Industry Co., Laosamay Plastic Factory, Pikulthong Plastic Co. Ltd., and Saysana Plastic Factory, among others.
Reasons to Purchase this Report
- To understand the impact of end-user applications on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating technology in the market
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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Some of Major Point From TOC of Global Laos Plastics Market 2018
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 PESTEL Analysis
3.4 Price Analysis
3.5 Trade Analysis
4. Market Dynamics
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