Molded Plastics Market By Product (Polyvinyl Chloride, Polypropylene, Polystyrene, Low Density Polyethylene, High Density Polyethylene, Polyethylene Terephthalate, Engineering Plastics), By Technology (Injection Molding, Blow Molding, Extrusion, Others), By Application (Building and Construction, Automotive, Electrical and Electronics, Packaging, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Molded Plastics Market 2031

The global molded plastics market was valued at USD 573.3 billion in 2021 and is projected to reach USD 869.2 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. Increased interest in hygiene-related activities and the widespread usage of molded plastics to produce elaborate and complexly shaped plastics have both contributed to the growth of the packaging sector. Thus, the molded plastics market would expand due to the rising demand in the packaging sector.

Additionally, increased infrastructure investment has led to tremendous expansion in the building and construction industry. This will fuel the molded plastics market even more.

Molded Plastics Market Trends

More items are being used in the operations of an increasing variety of application industries, such as food and beverage, home care, electrical and electronics, personal care, and automotive. The rise of the worldwide retail industry is driving up the need for molded plastic packaging solutions. This element is anticipated to fuel the market for molded plastics. Additionally, as a result of altering lifestyles and a consumer tendency toward eating on the go, it is anticipated that demand for processed and frozen foods would rise. It is projected that the growth of the molded plastics market will be driven by the food industry in developing countries like China and India.

Furthermore, organic polymers that have been processed through a variety of molding methods are what are known as molded plastics. By selecting the appropriate molding technique, raw materials, additives, and operating properties like formability, elasticity, hardness, stiffness, and chemical and heat resistance can all be altered according to the application. Because they are less expensive and heavier than other materials like metals, molded plastics are used in commercial and industrial applications. These benefits will drive the molded plastics market's expansion.

The molded plastics market is anticipated to grow as a result of rising pharmaceutical usage. Pharmaceutical companies rely heavily on packaging and labeling to protect their products. Pharmaceutical packaging solutions are also responsible for marketing the product, following rules, and encouraging patient repeat purchases.

Molded Plastics Market Share Analysis

According to projections, the polypropylene segment will experience the highest rate of revenue growth, with a CAGR of 4.0% from 2022 to 2031. Molded plastics based on polypropylene are frequently used in the packaging and automotive industries because they are versatile, safe, and affordable. The dashboard, bottle caps, bumpers, grills, music systems, wire spools, storage containers, one-piece chairs, seat panels, and other automotive components are all made of molded polyethylene.

Forecasts indicate that the injection molding segment would experience the highest rate of revenue growth, with a CAGR of 4.4% from 2022 to 2031. This is explained by the fact that injection molding is the most frequently used technique for producing molded plastics. It also uses automated procedures to lower manufacturing expenses and waste production. These factors have aided in the global molded plastics market for injection molding's increased growth.

Asia-Pacific had the largest proportion of sales (47.3%) in 2021, growing at a CAGR of 4.9%. This is accounted for by the growing need for molded plastics in the construction, architecture, and consumer electronics sectors, where they are a crucial insulating element. For instance, a report published by the United Nations Statistics Division in July 2021 revealed that China was responsible for around 28.7% of the global manufacturing production for consumer electronics.

Key Benefits for Stakeholder

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the molded plastics market analysis from 2021 to 2031 to identify the prevailing molded plastics market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the molded plastics market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global molded plastics market trends, key players, market segments, application areas, and market growth strategies.

Key Segmentation

By Product

• Polyethylene Terephthalate
• Engineering Plastics
• Polyvinyl Chloride
• Polypropylene
• Polystyrene
• Low Density Polyethylene
• High Density Polyethylene

By Technology

• Injection Molding
• Blow Molding
• Extrusion
• Others

By Application

• Building and Construction
• Automotive
• Electrical and Electronics
• Packaging
• Others

By Region

• North America

○ U.S.

○ Canada

○ Mexico

• Europe

○ Germany

○ United Kingdom

○ France

○ Spain

○ Italy

○ Rest of Europe

• Asia-Pacific

○ China

○ India

○ Japan

○ South Korea

○ Australia

○ Rest of Asia-Pacific

• LAMEA

○ Brazil

○ Saudi Arabia

○ South Africa

○ Rest of LAMEA

Key Players

○ Atlantis Plastics, Inc.

○ China Plastic Extrusion Ltd.

○ EASTMAN CHEMICAL COMPANY

○ DuPont

○ GSH Industries

○ Mitsubishi Chemical Corporation

○ Mitsui Chemicals Inc

○ Petro Packaging Company, Inc

○ Pexco LLC

○ PSI Molded Plastic

Molded Plastics Market Scope