Whether we like it or not, plastics have become a part of our daily lives. The only reasonable thing that you and I can do is strive to reduce, reuse, and recycle as much plastic as possible. But can you think of a better alternative? According to the International Plastics Association, the worldwide plastic market will be valued at $579.7 billion by 2020. From 2021 to 2028, the industry’s value is expected to rise at a compound annual growth rate (CAGR) of 3.4 percent. Medical professionals and other frontline employees, such as government officials, now require personal protective equipment or PPE kits. What do you suppose the components of these kits are? Congratulations if your response was ‘plastic.’ You were completely correct. It’s no longer just cups and straws. Trinseo S.A. has had some fluctuations in recent years, rising from $15 in 2014 to more than $80 in 2018. Michelin had a difficult year last year but is projected to rebound this year. In April of last year, Exxon Mobil Corporation increased its monthly production of specialty polypropylene by 1000 tons. The surge was prompted by the demand for masks and medical gowns following the COVID-19 tragedy.
Insider Monkey highlights the 10 Best Plastics Stocks to Buy Now. Amcor Plc is a packaging solutions provider for its customers. In keeping with its dedication to the cause of climate change, the firm has lately developed recyclable healthcare packaging. It is now ranked 10th among the best plastics stocks to buy. Nan Ya Plastics Corporation is a market leader in polyester fibers and copper-clad laminates for electronic components. Plastic items, chemicals, and other materials are manufactured and sold by the corporation. On the list of the finest plastics stocks to purchase right now, Nan Ya is rated 9th. On the list of the best plastics stocks to buy right now, SABIC Agri-Nutrients Company is ranked eighth. Fertilizers and petrochemical products are produced, converted, and manufactured by the corporation. It is one of the Kingdom of Saudi Arabia’s leading chemical producers. Formosa Plastics Corporation is a leading manufacturer of plastic resins and industrial chemicals in Taiwan. With around 2900 people, the company is situated in Taiwan and will have a market value of $21.852 billion in 2021. On the list of the top plastics stocks to buy right now, DuPont de Nemours, Inc. is ranked sixth. In January of this year, the corporation had a market value of $52.2 billion and was based in the United States. For more details, click 10 Best Plastics Stocks to Buy Now.
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