Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR71180

  • Latest News- Plastic Market: Injection molding is expected to lead the Technique segment during 2025-2029

    The Plastic Market is being driven by Focus on expanding manufacturing capacity

    The Plastic Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 190.6 billion. The global plastic market is undergoing a transformative shift towards the adoption of recycled materials, driven by escalating environmental consciousness and stringent regulatory requirements. Companies worldwide are making substantial investments in advanced recycling technologies and forging strategic alliances to bolster their sustainability profiles and cater to the burgeoning demand for eco-friendly products. An illustrative instance of this trend is the recent partnership between Indorama Ventures and Evertis, announced in April 2023. This collaboration centers around the utilization of recycled PET flakes to produce PET film for food packaging trays. The objective is to incorporate 50% post-consumer recycled content in Evertis' products by 2025, underscoring a robust commitment to sustainability and the circular economy. 

    Get more information on Plastic Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Technique
      • Injection molding
      • Blow molding
      • Roto molding
      • Casting
      • Others
    • Application
      • Packaging
      • Consumer goods
      • Automotive
      • Electrical and electronics
      • Others
    • Product Type
      • Polyethylene (PE)
      • Polypropylene (PP)
      • Polyurethane (PU)
      • Polyvinyl chloride (PVC)
      • Others
    • End-use Industry
      • Consumer Goods
      • Industrial
      • Healthcare
      • Transportation
    • Geography
      • APAC
        • China
        • India
        • Japan
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • Middle East and Africa
        • Egypt
      • South America
        • Brazil
        • Argentina

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Focus on expanding manufacturing capacity
    • Rise in adoption of EVs
    • Rise in adoption of flexible packaging

    However, the market also witnesses some limitations, which are as follows:

    • Stringent regulations over usage of plastics
    • Volatility in raw material prices
    • Environmental hazards associated with plastics production

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    Market Scope in Plastic Market Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    249

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 5.5%

    Market growth 2025-2029

    USD 190.6 billion

    Market structure

    fragmentation

    YoY growth 2024-2025(%)

    5.1

    Key countries

    US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), China, US, Japan, Canada, India, Germany, South Korea, France, UK, and Italy

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

    Find out which segment is leading the market by accessing the free PDF report

    Research Analysis Overview

    In the realm of Plastic Market, 3D printing innovations intertwine with the emergence of eco-friendly alternatives, such as biodegradable and biobased plastics. Circular economy models, plastic-to-fuel technology, and plastic-to-energy conversion techniques are at the forefront of addressing plastic contamination and toxicity. Plastic degradation, durability, and longevity are crucial factors, while recycling rates and advanced technologies are essential for waste reduction. Alternative materials, sustainable packaging, reusable packaging, and eco-friendly packaging are gaining traction. The environmental impact and carbon footprint of plastic are under scrutiny, driving the need for plastic substitution and a shift towards a more sustainable future.

    Market Research Overview

    The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-paints and pigments, explosives, and petrochemicals. Notably, this sector excludes companies manufacturing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, the expansion of the global commodity chemicals market will be fueled by the escalating demand for plastic packaging. As plastic is the most extensively utilized material in the packaging industry worldwide, the increasing preference for lightweight, corrosion-resistant materials has stimulated continuous innovation, consequently influencing the application of chemicals in the production of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

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