Plastic and Rubber Manufacturing Market in Serbia 2016-2020

Overview of the plastic and rubber manufacturing market in Serbia

Extensive research carried out by the analysts at Technavio has shown that the plastic and rubber packaging market in Serbia is witness slow growth and will post a CAGR of close to 2% over the forecast period. The majority of large and medium-sized manufacturers in Serbia are export-oriented, making the country a primary exporter of rubber and plastic products in Central and Eastern Europe. Moreover, the country also exports raw materials for plastics to major EU nations and other countries, which will, in turn, contribute to the country’s GDP and the growth of this market in the coming years.

The number of players in the plastic and rubber manufacturing market in Serbia increased drastically in the last few years. This number is anticipated to increase further primarily because of the growth potential of sectors such as plastic packaging goods and plastic profiles. Moreover, new entrants, particularly foreign manufacturers, are expected to set up their own production facilities in the country, which will spur the growth prospects for this market during the predicted period.

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

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

During 2015, the plastic packaging goods segment led the market and held close to 41% of the market shares in terms of revenue. This segment is anticipated to witness strong growth during the forecast period, primarily because of the introduction of new products by manufacturers in the market.

Competitive landscape and key vendors

The plastic and rubber manufacturing market in Serbia is quite fragmented owing to the presence of several regional and international manufacturers. Serbia's free trade agreements with other countries is helping in promoting tax-free imports and exports. It has also been observed that there has been an increase in the number of global manufacturers entering the market. However, this has led to the international manufacturers posing a challenge to regional manufacturers in terms of quality, technology, and pricing. The market is expected to witness stiff competition over the coming years, with an increase in product/service extensions and technological innovations. International players are expected to resort to strategies such as M&A to consolidate their position in the market.

Key vendors in this market are -

• Blik Produkt
• SOKO TIM 021
• MB PLAST
• Bobex
• BIGPLAST
• TRAYAL
• Silicones Petraco
• SANJA IPPI
• Hemigum Plast
• Gomma Line
• Spektar
• Poliester Priboj
• Akvapan
• Divi-plastic

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 Serbia?
• What are the key market trends impacting the growth of the plastic and rubber manufacturing market in Serbia?
• What are the challenges to market growth?
• Who are the key vendors in the plastic and rubber manufacturing market in Serbia?
• What are the market opportunities and threats faced by the vendors in the plastic and rubber manufacturing market in Serbia?
• What are the trending factors influencing the market shares of Serbia?
• What are the key outcomes of the five forces analysis of the plastic and rubber manufacturing market in Serbia?

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

Related reports:

• Global Molded Plastic Packaging Market 2016-2020
• Global Recycled Plastics Market 2016-2020
• Global Plastic Films Market 2016-2020
• Global Rubber Processing Equipment Market 2016-2020