Due to its ability to be moulded into any shape and different usages, plastic has been considered one of the most important household items as well as an indispensable material in high-tech sector. Specialized companies use plastic in myriad forms. The Global Plastics Market is expected to reach USD 654.38 billion by 2020, according to a new study by Grand View Research, Inc. Growth of major end-use industries such as packaging, construction and automotive particularly is expected to remain a key driving factor for global plastic demand.  Some of the Industry Trends that impact Plastics industry are: