Global Molded Plastics Market 2024-2028

Global Molded Plastics Market 2024-2028

The molded plastics market is forecasted to grow by USD 228.31 bn during 2023-2028, accelerating at a CAGR of 4.57% during the forecast period. The report on the molded plastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for lightweight and high-performance plastics, rising demand for molded plastics in beverage packaging, and surging use of molded plastics in high-tech agricultural applications.

Technavio's molded plastics market is segmented as below:

By Type

• Polyethylene
• Polypropylene
• PVC
• PET and others

By End-user

• Packaging
• Construction
• Automobile
• Electrical and electronics
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the rising product launches and strategies by vendors as one of the prime reasons driving the molded plastics market growth during the next few years. Also, growing demand for bio-pet material globally and increasing demand for customization and personalization of molded plastics will lead to sizable demand in the market.

The report on the molded plastics market covers the following areas:

• Molded plastics market sizing
• Molded plastics market forecast
• Molded plastics market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading molded plastics market vendors that include Atlantis Industries Corp., BASF SE, Biomerics LLC, Chevron Phillips Chemical Co. LLC, China Petroleum and Chemical Corp., Currier Plastics Inc., DuPont de Nemours Inc., Eastman Chemical Co., EVCO Plastics, GSH Industries Plastics Manufacturing and Molding, HTI Plastics, Huntsman International LLC, INEOS AG, LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corp., Mitsui and Co. Ltd., PSI Molded Plastics, Saudi Arabian Oil Co., and Takween Advanced Industries. Also, the molded plastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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