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Plastic Products Market Size, Share, Trends | Industry Forecast 2033
Plastic Products Market Size
As per the report, the plastic products market size has grown strongly in recent years. It will grow from $1061.89 billion in 2023 to $1142.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The plastic products market size is expected to see strong growth in the next few years. It will grow to $1512.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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The Role Of Construction And Building In Driving The Plastic Products Market
The growing construction and building activities significantly drive the demand for plastic products market going forward. Construction and building activities refer to a wide range of activities that involve building structures, developing skills, and promoting teamwork. Plastic materials, such as PVC (polyvinyl chloride) and PEX (cross-linked polyethylene), are commonly used to construct plumbing systems. These materials are durable, corrosion-resistant, and cost-effective, making them ideal for water supply and drainage systems in residential, commercial, and industrial buildings. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020. Between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the growth of construction and infrastructure sectors is driving the growth of the plastic products market.
3D Printing Technology On Plastic Manufacturing
The practice of using 3D printing in plastic 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. For example, Stratasys developed a color multi-material 3D printer that combines colors with multi-material 3D printing. The printer uses cyan, magenta, and yellow colors and plastics and elastomers as base materials for printing objects with wide ranges of flexibility, rigidity, transparency, and opacity.
The plastic products market covered in this report is segmented -
1) 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
2) By Technology: Injection Molding, Extrusion Molding, Blow Molding, Other Technologies
3) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users
Subsegments Covered: Bags And Pouches, Films And Sheets, Unlaminated Plastics Profile Shape, Plastics Pipe And Pipe Fitting HDPE Plastic Bottles, PET Plastic Bottles, PP Plastic Bottles, Other Plastic Bottles
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Major companies operating in the plastic products market report are Exxon Mobil Corporation, BASF SE, The Dow Chemical Company, Saudi Basic Industries Corporation, LyondellBasell Industries Holdings B.V., Thyssenkrupp AG, 3M Company, Amcor Limited, Berry Global Group Inc., Sekisui Chemical Co. Ltd., Avery dennison, Sealed Air Corporation, Brookfield Asset Management, Aptar Group, Laird Plastics Inc., PT Tech Inc., CeramTec North America LLC, New Process Fibre Company Inc., Liberty Plastics Inc., Applied Plastics Co. Inc., Industrial Plastic Supply Inc., National Plastics & Seals Inc., Matsui Technologies India Ltd., Acros Pvt. Ltd., Reading Plastic & Metal Advanced Machining, Ser Rezistans, Advanced Industrial Inc., Redwood Plastics and Rubber, Hanwool Corporation, Ihne & Tesch GmbH, Tesla Inc., The Boeing Company, The Coca-Cola Company
Contents of the report:
1. Executive Summary
2. Plastic Products Market Report Structure
3. Plastic Products Market Trends And Strategies
4. Plastic Products Market - Macro Economic Scenario
5. Plastic Products Market Size And Growth
…..
27. Plastic Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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