Learn about the global plastic products market through The Business Research Company, which provides information on plastic products market size, plastic products market drivers and restraints, plastic products market players, the COVID-19 impact on the plastic products market, and more.

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The global plastic products market is expected to grow from $931.3 billion in 2020 to $993.9 billion in 2021 at a compound annual growth rate (CAGR) of 6.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1258. billion in 2025 at a CAGR of 6%.

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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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 moulding, extrusion moulding, injection moulding, blow moulding and casting.

Global Plastic Products Market Segments Include:

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, Other Plastics Product

By Technology: Injection Moulding, Extrusion Moulding, Blow Moulding, Others

By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global plastic products market, accounting for 37% of the market in 2020.

The practice of using 3D printing in plastics manufacturing is becoming more common. This technology produces solid objects from digital designs by building up multiple layers of plastic, resin, or other materials in a precisely determined shape. The speed and flexibility of this technology can promote innovation and reduce time-to-market. The products produced using 3D printers have good mechanical properties like strength and rigidity.

TBRC’s plastic products market report covers:

Major Market Players: Newell Brands Inc; Compagnie de Saint-Gobain S.; Sonoco Products Co; Sealed Air Corporation; Berry Plastics Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Plastic Products Global Market Report 2021 -COVID-19 Impact And Recovery To 2030 is one of a series of new reports from The Business Research Company that provides plastic products market overviews, analyses and forecasts market size, share, plastic products market players, plastic products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s plastic products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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