Industry Background:
Plastic shims refer to a piece of plastic used to fill gaps between two objects for support and level the surface. Plastic shims market has high growth prospects owing to increasing applications in the packaging and shipping industry. It is also used for leveling windows during installation. Further, increasing demand from the developing economies and emphasizing on the development of durable plastic shims expected to drive the demand for plastic shims market over the forecasted period.This growth is primarily driven by Increasing Demand of the Packaging Industry and Availability in Different Style and Thickness.
Globally, a noticeable market trend is evident Increasing Applications for Shipping Purpose
. Major Vendors, such as Peugeot (France), Bfseals (United States), TIMco (United Kingdom), Precision Brand Products, Inc. (United States), Broadfix (United Kingdom), DeFelsko Corporation (United States), MAGNASPHERE Corp (United States), Jiangyin Yonghao Machinery Co., Ltd. (China) and Hebei Yilaihui Technology Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Demand of the Packaging Industry
- Availability in Different Style and Thickness
Market Trend
- Increasing Applications for Shipping Purpose
- Rising Demand for Filling Gap between Two Objects
Restraints
- Plastic Shims Are Highly Flammable In Nature
- Issues Related With Disposal of Plastic Shims
Opportunities
Increasing Demand for Plastic Shims for the Commercial Applications and Rising Demand Form the Developing Economies
Challenges
Lack of Awareness in the Low and Middle Income Group Countries
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