The global plastic products market size is expected to grow from $888.99 billion in 2021 to $986.63 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The plastic product market is expected to grow to $1,427.59 billion in 2026 at a CAGR of 9.7%.
What is the Global Plastic Products Market?
The plastic products market consists of sales of plastic products by entities (organizations, sole traders and partnerships) that produce packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications. These businesses use polymers and resins as raw materials which are primarily sourced from polymer suppliers. The processes used in plastic products manufacturing include compression molding, extrusion molding, injection molding, blow molding and casting.
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What drives the Global Plastic Products Market?
The plastics products manufacturing industry is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and are driving the market.
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Global Plastic Products Market Segments
The global plastic products market is segmented:
By Type: Plastics Packaging Materials and Unlaminated Film and Sheet, Plastic Pipes and Shapes, Laminated Plastics Plate, Sheet, and Shape, Plastics Bottle, Polystyrene Foam Products, Urethane and Other Foam Product, Others
By Technology: Injection Molding, Extrusion Molding, Blow Molding, Others
By End-User Industry: Automotive and Transportation, Electrical and Electronics, Medical, Construction, Others
By Geography: The regions covered in the plastic products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Plastic Products Global Market Report 2022 provides market size and growth forecasts for the global plastic products market, global plastic products market share, plastic products market segments and geographies, plastic products market competitive landscape including leading competitors’ revenues, profiles and market shares. The plastic products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Plastic Products Industry Players include Amcor Limited, Berry Global Group Inc., Sealed Air Corporation, Avery dennison, Thyssenkrupp AG, LyondellBasell Industries Holdings BV, Brookfield Asset Management, Sekisui Chemical Co. Ltd., Aptar Group, and 3M Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
