Global Molded Plastics Market Revenue Is Expected To Increase By USD 1100 Billion By 2030, With A 4.3% CAGR From 2023-2030

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Molded Plastics Market Size Was Valued at USD 801 Billion in 2022, and is Projected to Reach USD 1100 Billion by 2030, Growing at a CAGR of 4.3% From 2023-2030.

Molded plastic refers to the process of shaping and forming plastic materials into specific shapes and structures using various molding techniques. In order to get the required form, it includes heating and melting plastic resins, injecting or pouring the molten plastic into a mold, and letting it cool and solidify. Numerous sectors, including automotive, packaging, consumer goods, electronics, and healthcare, use molded plastic products.

Leading Molded Plastics Manufacturers:

Berry Global Inc. (USA),Jabil Inc. (USA),Molded Devices, Inc. (USA),AptarGroup, Inc. (USA),Technimark(USA),Quick Plastics, Inc. (USA),Plastics One Group (USA),Husky Injection Molding Systems Ltd. (Canada),Berry Berry Superfos A/S (Denmark),Greiner Holding GmbH & Co. KG (Austria),Huhtamaki Oyj (Finland),DSM (Netherlands),AptarGroup Inc. (Luxembourg),Sofema S.p.A. (Italy),Biesse Group S.p.A. (Italy),Wipak AB (Sweden),Sinclair Holdings (Malaysia),CCP Industries Sdn Bhd (Malaysia),Mitsui Chemicals, Inc. (Japan),Sekisui Chemical Co., Ltd. (Japan),Toyoda Gosei Co., Ltd. (Japan),Sumitomo Bakelite Co., Ltd. (Japan),Huaying (Zhangzhou) Plastic Products Co., Ltd. (China),Dongguan Yulong Precision Mould Co., Ltd. (China).

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The Molded Plastics Market Trend Analysis:

Rising Demand from the Packaging Industry

Molded plastics offer lightweight and cost-effective packaging solutions compared to traditional materials like glass or metal. They are adaptable and may be molded into several sizes and forms, giving packaging designs versatility. Molded plastics’ capacity to lower transportation costs, use less material, and provide durability while ensuring product safety advantages the packaging business.

Rising Adoption Of 3D Printing Plastic Composites

The need for plastic composites for 3D printing has accelerated the development of new materials. To improve the strength, durability, heat resistance, and conductivity of printed components, manufacturers are experimenting with novel materials and additive combinations. By offering novel materials or formulas that can be employed in conventional molding processes, these material advances can also help the molded plastics sector.

Segmentation Analysis Of The Molded Plastics Market:

By Type

  • PE
  • PP
  • PVC
  • PET
  • Others

By Application

  • Packaging
  • Automotive & Transportation
  • Construction & Infrastructure
  • Others

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By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Molded Plastics Market:

  • In September 2023, BASF Launched its Ultramid® B3EG7 BK27F1 HF black polyamide (PA) compound with improved flame retardancy for electrical and electronic applications. This PA offers high heat resistance and meets stringent fire safety standards.
  • In September 2023, DuPont Unveiled its Zytel® FR90 polyamide (PA) resin for lightweight flame-retardant electrical and electronic components. This PA provides excellent fire resistance while maintaining high strength and mechanical properties.

These important questions can be addressed by the research study:

  • What are the market’s size and potential for growth?
  • Who are the intended customers for the commodity or service being offered?
  • What are the client’s needs, preferences, and behaviors in relation to the good or service?
  • How are the key market forces and trends affecting the industry?

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