Plastic and Rubber Manufacturing Market in Bosnia and Herzegovina 2016-2020

Outlook of the plastic and rubber manufacturing market in Bosnia and Herzegovina

Technavio’s market research analysts have predicted that the plastic and rubber manufacturing market will grow at a rapid pace and will post a CAGR of more than 7% during the forecast period. With an increasing focus on exporting plastic and rubber products, this market is anticipated to have a positive outlook in the coming years. The country has been involved in the export of raw materials for plastic products to major EU member nations, thereby, contributing to the growth of this market. The total exports of rubber and plastic products from Bosnia and Herzegovina reached close to USD 170 million in 2015, which is encouraging the medium and large-sized manufacturers to cater to the demand from export markets. This, in turn, will translate into the growth of the plastic and rubber manufacturing market in the country.

The plastic and rubber manufacturing market in Bosnia and Herzegovina is expected to witness the entry of new manufacturers in segments such as unvulcanized rubber. It has been observed that the revenue contribution from un-vulcanized rubber products including rods, tubes, profiles, disks, and rings amounted to nearly USD 800,000 in 2015. Therefore, the augmented demand for un-vulcanized rubber will drive the growth of this market over the next four years. Moreover, the demand for advanced high-quality PVC profiles and products is expected to attract new entrants in the market.

Competitive landscape and key vendors

The plastic and rubber manufacturing market in Bosnia and Herzegovina is moderately fragmented owing to the presence of both indigenous and foreign manufacturers. Although the negative impact of the global economic crisis and the subsequent Eurozone crisis led to low demand from the EU, recovery of various end-use industries, such as construction and automotive has contributed to the growth of manufacturers of plastic and rubber in Bosnia and Herzegovina. The manufacturers of plastic and rubber in the country also compete on the basis of pricing and quality of customer service.

Key vendors in this market are -

• PABS Plastics
• RPC Superfos
• Buplast Bugojno
• Unico Filter/Mann+Hummel
• RPC Superfos Balkan
• Bekto Precisa

Segmentation by product type and analysis of the plastic and rubber manufacturing market in Bosnia and Herzegovina

• Builders’ ware of plastic
• Plastic plates, sheet, tubes, and profiles
• Plastic packaging goods

During 2015, the builders' ware of plastic segment held nearly 32% share of the plastic and rubber manufacturing market in Bosnia and Herzegovina and dominated the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the plastic and rubber manufacturing market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the plastic and rubber manufacturing market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the plastic and rubber manufacturing market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the plastic and rubber manufacturing market in Bosnia and Herzegovina?
• What are the trending factors influencing the market shares of Bosnia and Herzegovina?
• What are the key outcomes of the five forces analysis of the plastic and rubber manufacturing market in Bosnia and Herzegovina?

Technavio also offers customization on reports based on specific client requirement.

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