Dublin, Oct. 25, 2022 (GLOBE NEWSWIRE) -- The "Plastic Products Global Market Report 2022, By Type, By Technology, By End-User Industry" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global plastic products market as it emerges from the COVID-19 shut down.
The global plastic products market 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 market is expected to grow to $1,427.59 billion in 2026 at a compound annual growth rate (CAGR) of 9.7%.
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Major companies in the plastic products market 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.
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.
The main types of plastic products are 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 and other plastics product. The plastic material is typically applied for glass-clear packaged foods, such as fresh salads, fruits, cold meats, snacks, and so on. The different technologies include injection molding, extrusion molding, blow molding, others and is used in various sectors such as automotive & transportation, electrical & electronics, medical, construction, others.
Asia Pacific was the largest region in the plastic products market in 2021. North America was the second largest region in the plastic products market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the plastic products manufacturing market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.
The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021.
However, it is expected that the plastic products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy
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. For example, Stratasys developed one such color multi-material 3D printer which can combine colors with multi-material 3D printing. The printer uses cyan, magenta and yellow colors and plastics and elastomers as base materials to print objects with wide ranges of flexibility and rigidity, transparency and opacity.
The countries covered in the plastic products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Plastic Products Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Plastic Products Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Plastic Products Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Plastic Products Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Plastic Products Market Trends And Strategies
8. Impact Of COVID-19 On Plastic Products
9. Plastic Products Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Plastic Products Market Regional Analysis
10.1. Global Plastic Products Market, 2021, By Region, Value ($ Billion)
10.2. Global Plastic Products Market, 2016-2021, 2021-2026F, 2026F, 2031F, Historic And Forecast, By Region
10.3. Global Plastic Products Market, Growth And Market Share Comparison, By Region
11. Plastic Products Market Segmentation
11.1. Global Plastic Products Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- 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
11.2. Global Plastic Products Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Injection Molding
- Extrusion Molding
- Blow Molding
- Other Technologies
11.3. Global Plastic Products Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Automotive & Transportation
- Electrical & Electronics
- Medical
- Construction
- Other End Users
12. Plastic Products Market Segments
12.1. Global Plastics Packaging Materials And Unlaminated Film And Sheet Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) - Bags And Pouches; Films And Sheets
12.2. Global Plastic Pipes And Shapes Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) - Unlaminated Plastics Profile Shape; Plastics Pipe And Pipe Fitting
12.3. Global Laminated Plastics Plate, Sheet, And Shape Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) -
12.4. Global Plastics Bottle Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) - HDPE Plastic Bottles; PET Plastic Bottles; PP Plastic Bottles; Other Plastic Bottles
12.5. Global Polystyrene Foam Products Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion) -
12.6. Global Urethane And Other Foam Product Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion)
12.7. Global Other Plastics Product Market, Segmentation By Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value ($ Billion)
13. Plastic Products Market Metrics
13.1. Plastic Products Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Plastic Products Market Expenditure, 2016-2026, Global
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