Consumer Products - Paper, Plastics, Rubber, Wood and Textile Market Report 2025

The consumer products - electrical and electronics market size has grown strongly in recent years. It will grow from $30.37 billion in 2024 to $31.92 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to global urbanization, smart home adoption, e-commerce growth, consumer lifestyle changes, obsolescence and upgrades, product miniaturization, environmental considerations.

The consumer products - electrical and electronics market size is expected to see strong growth in the next few years. It will grow to $40.24 billion in 2029 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to sustainability and circular economy, electric vehicles and charging infrastructure, cybersecurity concerns, subscription services, customization and personalization. Major trends in the forecast period include advancements in wearable technology, integration of artificial intelligence (ai), 5g connectivity in consumer devices, expansion of the internet of things (iot), flexible and foldable displays.

The burgeoning growth within the clothing industry is poised to propel the expansion of the market for consumer products encompassing paper, plastics, rubber, wood, and textiles in the foreseeable future. The clothing industry comprises entities engaged in the creation, manufacturing, and retailing of apparel. Utilizing various materials such as cotton, silk, denim, flannel, hemp, and others, the increasing progress within the textile industry is anticipated to significantly contribute to this market surge. For instance, as highlighted by the UK Fashion and Textile Association, the fashion and textile sector contribute approximately $21.73 billion (£20 billion) to the UK economy. Consequently, the upward trajectory of the clothing industry stands as a pivotal force behind the expansion of the consumer products-paper, plastics, rubber, wood, and textiles market.

The growing demand in the construction industry is anticipated to drive the expansion of the consumer products market for paper, plastics, rubber, wood, and textiles in the coming years. The construction industry involves various activities related to the planning, design, development, and execution of structures and infrastructure projects. Consumer products like paper, plastics, rubber, wood, and textiles provide essential benefits such as insulation, sustainability, versatility, energy efficiency, durability, longevity, and recyclability within the construction sector. For instance, in January 2024, the Building and Construction Authority, a Singapore-based government agency, reported that public sector construction demand reached S$19.5 billion in 2023, while private sector construction demand rose from S$12.5 billion in 2022 to S$14.3 billion, indicating significant overall growth in construction activity across both sectors. Thus, the increasing demand in construction is fueling the growth of the consumer products market for paper, plastics, rubber, wood, and textiles.

Technological advancements emerge as a prominent trend gaining traction within the consumer products-paper, plastics, rubber, wood, and textiles market. Leading companies operating within this market segment are actively engaged in developing innovative technologies to maintain their competitive edge. For instance, in June 2022, Bridgestone, a Tokyo-based tire and rubber products company, in collaboration with Dow, a US-based materials science firm, introduced B-SEALS, a silicone-based tire sealant technology. This ground-breaking innovation facilitates extended mobility while maintaining sustainability by effectively separating from tires for enhanced tire repairability post-puncture. Aligned with Bridgestone's E8 Commitment's values of 'Ecology,' 'Extension,' and 'Ease,' this technology aims to optimize end-of-life tire recycling and prolong tire lifespan.

Major companies in the consumer products market for paper, plastics, rubber, wood, and textiles are increasingly focusing on innovative technologies, such as sustainable coated paper technology, to boost revenues. This environmentally friendly and ecologically responsible method is employed in the production of coated paper. For example, in August 2023, Graphic Packaging International, a US-based packaging solutions provider, launched the PaceSetter Rainier paperboard, which is designed for various packaging applications. Known for its high-quality performance, this product is particularly suitable for items requiring durability and visual appeal, such as food packaging and consumer goods. The PaceSetter line emphasizes sustainability and is frequently used in eco-friendly packaging solutions, reflecting the industry's growing demand for environmentally responsible materials.

In July 2023, Steelcase Inc., a US-based provider of office furniture and architectural and technology products, acquired Halcon for $127.5 million. The purpose of this acquisition is to drive Steelcase's revenue growth, expand its geographic reach, enrich its product portfolio, improve customer experience, strengthen its market position, leverage Halcon’s growth and investments, and maintain a commitment to quality and service. Halcon Furniture is a US-based manufacturer of wood furniture and home furnishings.

Major companies operating in the consumer products - paper, plastics, rubber, wood and textile market include Inter IKEA Holding B.V., Nike Inc., Bridgestone Corporation, Christian Dior Société Européenne, Adidas Aktiengesellschaft, Compagnie Générale des Établissements Michelin, Hennes & Mauritz AB, Arlanxeo Holding GmbH, Kumho Petrochemical Co. Ltd., PetroChina Company Limited, Taiwan Synthetic Rubber Corporation, LG Chem Ltd., Versalis S.p.A., Dow Inc., Von Bundit Co. Ltd., Kimberly-Clark Corporation, 3M Company, International Paper Company, Georgia-Pacific LLC, Essity AB, WestRock Company, Sonoco Products Company, Packaging Corporation of America, Domtar Corporation, UPM-Kymmene Oyj, Smurfit Kappa Group plc, Mayr-Melnhof Karton AG, Mondi plc, Nippon Paper Industries Co. Ltd., Rayonier Advanced Materials Inc., Metsä Board Oyj, Stora Enso Oyj.

Asia-Pacific was the largest region in the consumer products - paper, plastics, rubber, wood and textile market in 2024. The regions covered in the consumer products - paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the consumer products - paper, plastics, rubber, wood and textile market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Consumer products such as paper, plastics, rubber, wood, and textiles pertain to finished goods acquired by individuals or households for personal consumption. These products are intended for personal use and are not meant for resale.

The primary categories of consumer products, including paper, plastics, rubber, wood, and textiles, encompass wood products, paper products, plastic and rubber items, as well as furniture. Wood products encompass items made of processed or worked wood collected from trees, commonly serving as building materials. These products are distributed through both online and offline channels, catering to various applications in construction, manufacturing, industry, and other sectors.

The consumer products - paper, plastics, rubber, wood and textile market research report is one of a series of new reports that provides consumer products - paper, plastics, rubber, wood and textile market statistics, including consumer products - paper, plastics, rubber, wood, and textile industry global market size, regional shares, competitors with a consumer products - paper, plastics, rubber, wood, and textile market share, detailed consumer products - paper, plastics, rubber, wood and textile market segments, market trends and opportunities, and any further data you may need to thrive in the consumer products - paper, plastics, rubber, wood, and textile industry. This consumer products - paper, plastics, rubber, wood, and textile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The consumer products - paper, plastics, rubber, wood, and textile market consists of sales of convenience products, shopping products, specialty products, and unsought products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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