Plastic regulatory policies aim to limit the use of plastics and drive demand for environment-friendly alternatives. Strict regulations pertaining to single-use plastics and packaging have encouraged adoption of lightweight and sustainable materials like clay bricks.

The global Plastic Regulatory Market is estimated to be valued at US$ 39.29 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Environmental regulations have accelerated growth of the plastic regulatory market by restricting plastic usage. Many countries and regions across the globe have either banned or imposed levies on shopping bags, straws, cups and other single-use plastic items. This is encouraging brands and retailers to shift towards sustainable alternatives like paper, glass, and clay. Clay bricks in construction are replacing plastic sheets, PVC pipes and vinyl tiles due to stringent norms against microplastics. Governments are also providing incentives for green construction to minimize environmental pollution from plastic waste. Rising awareness about plastic pollution and sustainability is driving support for a circular economy with robust regulations in place.

Segment Analysis
The global plastic regulatory market is dominated by the plastic regulatory blocks sub segment accounting for around 40% of the total market share. Plastic regulatory blocks are vastly used in the construction industry as key building blocks for construction of walls. They offer advantages like light weight, durability and fire resistance over conventional construction materials like bricks and concrete blocks.

Key Takeaways
Global Plastic Regulatory Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising construction activities globally. The Asia Pacific region currently dominates the market with a share of over 35% owing to presence of major construction markets like China and India. The region is expected to continue its dominance led by increasing infrastructure development projects in the region.

Regional analysis related content comprises
The Asia Pacific plastic regulatory market is projected to grow at the fastest rate during the forecast period led by rising investment in real estate and infrastructure sectors across major countries. China currently accounts for over 25% of the global demand for plastic regulatory materials for construction applications. India is also emerging as a key market with government pushes for affordable housing and smart city projects boosting construction activity.

Key players related content comprises
Key players operating in the plastic regulatory market are Wienerberger, Excluton, Ter Stege Betonvormen, Kooy Baksteencentrum, Steenfabriek Spijkenisse, Normteq, Kalkzandsteenfabriek Harderwijk, Mulderij Metsel- en Timmerbedrijf, Daas Baksteen Zeddam. Wienerberger is one of the largest manufacturer of plastic regulatory blocks globally with a strong presence across European and Asian markets.

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