Press release
Strategic Forecast for the Extruded Plastics Industry: Market Outlook 2025-2034
Extruded Plastics Market
Extruded Plastics Market Size Growth Forecast: What to Expect by 2025?
The market size of extruded plastics has seen a robust growth in the past few years. An increase from $244.95 billion in 2024 to $259.31 billion in 2025 with a compound annual growth rate (CAGR) of 5.9% is anticipated. This historical growth can be credited to factors like industrial and manufacturing expansion, the trend towards lightweighting in the automotive sector, construction and infrastructure progression, sustainable practices, as well as the consumer goods and packaging sector.
How Will the Extruded Plastics Market Size Evolve and Grow by 2029?
In the coming years, the market for extruded plastics is predicted to experience robust growth, reaching a valuation of $343.92 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. This envisaged growth during the forecast stint can be traced back to factors such as the use of environmentally friendly extruded plastics, developments in electric and self-driving cars, infrastructure modernization, production of medical equipment, and advanced extrusion techniques. Key trends predicted for this forecast period include high-performance extruded plastics, 3D printing using extruded plastics, intelligent extruded products, co-extrusion tech, and foam extrusion.
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What Drivers Are Propelling the Growth of Extruded Plastics Market Forward?
The expansion of the packaging industry plays a significant role in propelling the extruded plastics market's growth. The term packaging relates to the process of enclosing or safeguarding products intended for distribution, storage, sales, and usage. Extruded plastics are instrumental for producing robust and efficient packaging solutions. Consequently, the burgeoning packaging industry boosts the demand for the extruded plastics market. For example, the Flexible Packaging Association, a trade association based in the US, reported in November 2023 that the flexible packaging industry generated $41.5 billion sales in the US in 2022. Hence, the burgeoning packaging industry is fuelling the growth of the extruded plastics market.
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Which Emerging Trends Are Transforming the Extruded Plastics Market in 2025?
The introduction of innovative technology is a notable trend that's becoming increasingly prominent in the extruded plastics market. Major corporations within this market are concentrating their efforts on creating technologically sophisticated products to strengthen their market standing. An example of this occurred in June 2024, when CPM Extrusion, a US firm renowned for its extrusion equipment, unveiled their global eXtruder technology. This pioneering tech, a standardized twin-screw extruder, has been expressly developed by CPM Extrusion to address the worldwide needs of the plastics industry. It allows uniform specifications, design, and support no matter the region, assisting manufacturers in achieving premium extrusion processes, irrespective of geographic positions. The GXT amalgamates state-of-the-art engineering with economical solutions, and presents enhanced performance, simplified procedures and increased flexibility for a diverse range of applications in the extruded plastics market.
What Are the Key Segments in the Extruded Plastics Market?
The extruded plastics market covered in this report is segmented -
1) By Type: Low Density Polyethylene, High Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Other Types
2) By Form: Films, Pipes, Sheets, Tubes, Wires and Cables
3) By End-User: Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Other End Users
Subsegments:
1) By Low Density Polyethylene (LDPE): Film And Sheet, Molding Compounds
2) By High Density Polyethylene (HDPE): Blow Molding, Injection Molding
3) By Polypropylene (PP): Homopolymer, Copolymer
4) By Polystyrene (PS): General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS)
5) By Polyvinyl Chloride (PVC): Rigid PVC, Flexible PVC
6) By Other Types: Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate (PET), Engineering Plastics
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Who Are the Key Players Shaping the Extruded Plastics Market's Competitive Landscape?
Major companies operating in the extruded plastics market include Apogee Enterprises Inc., Olsen Doors and Windows Limited, Fletcher Building Limited, YKK AP Inc., Bradnam's Windows & Doors, Fenesta Building Systems, PGT Innovations Inc., Geeta Aluminium Co. Pvt. Ltd., Ply Gem Holdings Inc., Andersen Corporation, Alupure, Alteza Healthcare Private Limited, Reynaers Aluminium, Schuco International Group, LyondellBasell Industries N.V., Trex Company Inc., Teijin Limited, Borealis AG, Westlake Corporation, NOVA Chemicals Corporation, Mitsubishi Chemical Group Corporation, Plastipak Holdings Inc., Sigma Plastics Group of FL, Bunzl Extrusions Inc., Avient Corporation, The Ensinger Group, REHAU Polymers Pvt Ltd, Primex Plastics Private Limited
What Geographic Markets Are Powering Growth in the Extruded Plastics Market?
Asia-Pacific was the largest region in the extruded plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the extruded plastics market during the forecast period. The regions covered in the extruded plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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