Molded Plastics Market to Cross $251.65 billion Revenue by 2030

Molded Plastics Market Overview

“The global Molded Plastics Market is expected to grow rapidly at a 4.5% CAGR consequently, it will grow from its existing size of from $173.85 billion in 2023 to $251.65 billion by 2030.”

What Exactly Is Molded Plastics?

Molding is a process of shaping liquid or malleable materials using a rigid frame called a mold or matrix. Molding plastics involves pouring a polymer like polyethylene or polypropylene into a mold, using various heat and pressure ranges to create an end product.

Types of Molded Plastics

Rotational Molding

Rotational molding, also known as rotomolding, is a manufacturing technique where resin is poured into a metal mold and rotated, generating centrifugal force, forming even-walled goods.

Injection Molding

Injection molding is a method of creating distinctive plastic items by injecting molten plastic into a metal mold at high pressure, which is then cooled and opened to reveal a solid plastic object, similar to other plastic molding techniques.

The process is similar to filling and cooling a Jello mold to achieve the final outcome.

Blow Molding

Blow molding is a technique used to create hollow, thin-walled plastic objects with homogeneous wall thickness and critical shape, similar to glass blowing, for producing goods with homogeneous wall thickness.

Blow molding involves heating and injecting air into plastic, causing it to expand like a balloon. The plastic is blasted into a mold, forming it. The "balloon" is then cooled and solidified before being ejected. The process takes less than two minutes, generating approximately 1440 pieces in a 12-hour day.

Compression Molding

Compression molding is a process where a heated plastic material is pressed into a specific shape after being placed in a heated mold. This process ensures the plastic maintains its strength after being compacted into the desired shape. The final stages include cooling, cutting, and extracting the plastic object from the mold.

Extrusion Molding

Extrusion molding produces a long, continuous shape similar to injection molding, but uses a "die" instead of a "mold."

Extruded items are created by pushing hot raw material through a specialized die, like Play Doh being squeezed through a formed hole.

This molding method involves extruding melted plastic directly into a die, unlike other molding methods that use extrusion to transfer resins into molds, determining the final product's shape rather than a mold.

Demand Outlook

The increasing use of polymers in various industries and molded plastics in agriculture is expected to boost demand and market expansion over the assessment period.

The molded plastics market, which currently accounts for 27.8% of the global plastics market, has experienced significant growth in the past half-decade due to its significant presence in industries like electrical, electronics, automotive, and transportation.

>>> Download Sample Report Now: https://marketreportservice.com/request-sample/molded-plastics-market-54547

Market Dynamics

Growth Drivers

Why is demand for molded plastics expected to rise steadily in the future?

“The automotive and packaging sectors are experiencing a surge in demand”

Plastic processing involves transforming polymers into shapes and components using molds or matrix. Common polymers used in plastic parts manufacturing include polyethylene, polyvinyl chloride, polypropylene, polyethylene terephthalate, polystyrene, polyamides, and polycarbonate.

The growing use of polymers across various sectors is boosting industry growth, particularly in the automobile manufacturing and consumer goods sectors, which are expected to demand safer and more secure packaging in the future.

The market revenue is predicted to increase by 1.6X by the end of the year.

“Increasing high-tech agricultural applications of molded plastics”

The increasing demand for molded plastics in agriculture is expected to drive sales during the assessment period, as it aids farmers in enhancing crop productivity and food quality.

PP, PE, PET, and PVC are molded plastics commonly used in agriculture for tunnels, greenhouses, mulching, silage, reservoirs, irrigation systems, nets, fittings, and spray cones to shade the inner side of greenhouses.

PVC-made plastic irrigation pipes, reservoirs, mulch, greenhouses, and plastic tunnels are used to reduce fertilizer and water waste, retain rainwater, reduce insecticide use, and raise crops like asparagus and melons.

“The use of molded plastic is influenced by several advantageous properties”

The molded plastics market is anticipated to rapidly expand due to its increasing applications in various sectors such as building, construction, transportation, and consumer goods.

The pharmaceutical industry is boosting demand for molded plastic packaging for liquid pharmaceuticals and medical gadgets due to their inert, adaptable, lightweight, and durable properties.

Injection-molded plastics are ideal for packing disposable syringes, while thermoformed plastics are commonly used for air-tight sealing.

Market Segment Analysis

The material commonly utilized in the production of molded plastics is polyethylene

Molded plastics are crucial for vehicle components and construction due to their elasticity, adaptability, low maintenance, high strength, insulation, and other essential features.

Polyvinyl chloride is utilized in insulating cables, tapes, and building materials, while polyethylene and polypropylene are used in drainage pipes, gas pipes, flooring tiles, electrical conduits, doors, and windows.

Polypropylene dominates the global molded plastics market, accounting for two-fifths and predicted to grow at a 6% CAGR during the assessment period.

Potential revenue growth of a molded plastic application

The packaging industry is expected to account for over a quarter of the molded plastics market in 2022, driven by increased demand for substitutes like glass and metals, driven by various industries.

Molded plastics are expected to significantly increase packaging industry consumption due to their design flexibility, moisture and chemical resistance, low cost, and lightweight properties, used in pharmaceutical, chemical, food, and beverage containers, cans, bottles, and packaging films.

Competitive Landscape of the Molded Plastics Market

• BASF SE
• Eastman Chemical Company
• SABIC
• Huntsman Corporation
• LyondellBasell Industries N.V
• INEOS Group AG
• Chevron Phillips Chemical Company LLC
• Reliance Industries Limited
• Obeikan Investment Group (OIG)
• Takween Advanced Industries

Recent Developments in Molded Plastics

October 11, 2023, Nova Formworks unveils expansion plans, to set up new manufacturing units:

• Construction company Nova Formworks on Wednesday unveiled its vision for growth and development until the year 2025 by launching new products, establishing new manufacturing units, distribution centers, and offices across strategic locations.
  
  

In 2021, BASF set out to increase its polyamides product portfolio for the high-temperature variety by launching a new brand - heat-stabilized Ultramid.

In August 2021, LANXESS completed the acquisition of a USA-based leading manufacturer of specialty chemicals - Emerald Kalama Chemical.

Regional Insights

Manufacturers of molded plastics are increasingly seeking Germany for its high-quality products and competitive pricing

The European pharmaceutical industry is expected to experience significant growth in the coming years, driven by substantial investments in Germany, which is expected to significantly increase demand for molded plastics.

The German pharmaceutical industry's growth is expected to attract molded plastics manufacturers, as the market, which accounts for one-fifth of the European market, is predicted to grow at a 4.21% CAGR.

South Asia and Oceania countries are the primary regions responsible for a significant increase in molded plastic demand

The highest demand for molded plastic is found in South Asian and Oceanian countries. Top firms are locating manufacturing operations in developing South Asian countries like India, Indonesia, and Thailand due to favorable labor availability, favorable rules, and government-run projects.

The demand for molded plastics is expected to rise due to abundant agricultural areas and growing automobile industries in countries with abundant population. Governments are investing heavily in medical infrastructure, providing significant revenue opportunities for market participants in the future.

The automotive sector is experiencing a surge in demand for molded plastics due to rising middle-class affluence and urbanization, prompting international firms to monitor South Asia and Oceania for potential growth.

The molded plastics market in South Asia and Oceania is projected to grow by 89 BPS over the next decade, providing a potential monetary opportunity of $11.5 billion.

Segments Covered in Molded Plastics Market

Molded Plastics Market by Material

• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Polystyrene
• Polyethylene Terephthalate
• Other Materials

Molded Plastics Market by End Use

• Packaging
• Consumables & Electronics
• Automotive & Transportation
• Building & Construction
• Other Applications

Molded Plastics Market by Region

• North America 
• Latin America 
• Europe 
• East Asia 
• South Asia & Oceania
• MEA 

Frequently Asked Questions:

Who are the key manufacturers of molded plastics?

Prominent suppliers of molded plastics are Company BASF SE, E. I. DU PONT DE NEMOURS AND COMPANY, ExxonMobil Corp., and Dow, Inc.

Which region leads the global molded plastics market?

North America is the largest molded plastics market accounting for 1/3 of global market share in 2022.

Which material contributes maximum share to molded plastic sales?

The polypropylene segment holds 20.5% share in global sales of molded plastics

 At what rate did the market expand historically?

2018 to 2022 saw the global molded plastics market expand at 2.9% CAGR.

1. Executive Summary 

 1.1. Global Market Outlook

 1.2. Demand-side Trends

 1.3. Supply-side Trends

 1.4. Technology Roadmap Analysis

 1.5. Analysis and Recommendations

2. Market Overview

 2.1. Market Coverage / Taxonomy

 2.2. Market Definition / Scope / Limitations

3. Key Market Trends

 3.1. Key Trends Impacting the Market

 3.2. Product Innovation / Development Trends

4. Market Background 

 4.1. Global Plastics Industry Outlook

 4.2. Global Molded Plastics Market Overview

 4.3. Molded Plastics Evolution Analysis

 4.4. Molded Plastics: Apparent Production & Consumption Analysis

 4.4.1. Production Capacity (KT)

 4.4.1.1. By Key Regions

 4.4.1.2. By Key Companies

 4.4.2. Consumption Statistics

 4.4.3. Apparent Trade Analysis

 4.5. Key Opportunities & Issues Analysis

 4.6. Innovations in Product and End Use Industry Survey

 4.7. Raw Material Sourcing & Strategy

 4.8. Macro-Economic Factors

 4.9. Forecast Factors - Relevance & Impact

 4.10. Scenario Forecast

 4.11. (Demand in optimistic, likely, and conservative market conditions)

 4.12. Market Dynamics

 4.12.1. Market Driving Factors and Impact Assessment

 4.12.2. Prominent Market Challenges and Impact Assessment

 4.12.3. Molded Plastics Market Opportunities and Impact Assessment

 4.12.4. Prominent Trends in the Global Market & Their Impact Assessment

 4.13. Investment feasibility Analysis

 4.14. PESTLE and Porter Analysis

5. Value Chain Analysis

 5.1. Operating Margins (at each node of value chain)

 5.2. Key Manufacturers / Processors

 5.3. Key Product Manufacturers (finished product)

 5.4. End-Use Industry

6. Global Molded Plastics Market Volume (Kilotons) Analysis and Forecast,

 6.1. Historical Market Volume (Kilotons) Analysis, 2017-2021

 6.2. Current and Future Market Volume (Kilotons) Projections,

 6.2.1. Y-o-Y Growth Trend Analysis

 6.2.2. Absolute $ Opportunity Analysis

7. Global Molded Plastics Market - Pricing Analysis

 7.1. Regional Pricing Analysis

 7.2. Regional Pricing Analysis by Material

 7.3. Factors Affecting Pricing

8. Global Molded Plastics Market Value Analysis and Forecast,

 8.1. Historical Market Value (USD Million) Analysis, 2017-2021

 8.2. Current and Future Market Value (USD Million) Projections,

 8.2.1. Y-o-Y Growth Trend Analysis

 8.2.2. Absolute $ Opportunity Analysis

9. Global Molded Plastics Market Analysis and Forecast, By Material

 9.1. Introduction / Key Findings

 9.2. Historical Market Value (USD Million) and Volume (Kilotons) Analysis By Material, 2017-2021

 9.3. Current and Future Market Value (USD Million) and Volume (Kilotons) Analysis and Forecast By Material

 9.3.1. Polypropylene

 9.3.2. Polyethylene

 9.3.3. Polyvinyl Chloride

 9.3.4. Polystyrene

 9.3.5. Polyethylene Terephthalate

 9.3.6. Other Materials

 9.4. Market Attractiveness Analysis By Material

10. Global Molded Plastics Market Analysis and Forecast, By Application

 10.1. Introduction / Key Findings

 10.2. Historical Market Value (USD Million) and Volume (Kilotons) Analysis By Application

 10.3. Current and Future Market Value (USD Million) and Volume (Kilotons) Analysis and Forecast By Application

 10.3.1. Packaging

 10.3.2. Consumables & Electronics

 10.3.3. Automotive & Transportation

 10.3.4. Building & Construction

 10.3.5. Other Applications

11. Global Molded Plastics Market Analysis and Forecast, By Region

 11.1. Introduction / Key Findings

 11.2. Historical Market Value (USD Million) and Volume (Kilotons) Analysis By Region

 11.3. Current and Future Market Value (USD Million) and Volume (Kilotons) Analysis and Forecast By Region

 11.3.1. North America

 11.3.2. Latin America

 11.3.3. Europe

 11.3.4. East Asia

 11.3.5. South Asia & Oceania

 11.3.6. Middle East and Africa

 11.4. Market Attractiveness Analysis By Region

12. North America Molded Plastics Market Analysis and Forecast

 12.1. Introduction

 12.2. Historical Market Value (USD Million) and Volume (Kilotons) Trend Analysis By Market Taxonomy

 12.3. Market Value (USD Million) and Volume (Kilotons) Forecast By Market Taxonomy

 12.3.1. By Country

 12.3.1.1. U.S.

 12.3.1.2. Canada

 12.3.2. By Material

 12.3.3. By Application

 12.4. Market Attractiveness Analysis

 12.4.1. By Country

 12.4.2. By Material

 12.4.3. By Application

13. Latin America Molded Plastics Market Analysis and Forecast

 13.1. Introduction

 13.2. Historical Market Value (USD Million) and Volume (Kilotons) Trend Analysis By Market Taxonomy

 13.3. Market Value (USD Million) and Volume (Kilotons) Forecast By Market Taxonomy

 13.3.1. By Country

 13.3.1.1. Brazil

 13.3.1.2. Mexico

 13.3.1.3. Rest of Latin America

 13.3.2. By Material

 13.3.3. By Application

 13.4. Market Attractiveness Analysis

 13.4.1. By Country

 13.4.2. By Material

 13.4.3. By Application

14. Europe Molded Plastics Market Analysis and Forecast

 14.1. Introduction

 14.2. Historical Market Value (USD Million) and Volume (Kilotons) Trend Analysis By Market Taxonomy

 14.3. Market Value (USD Million) and Volume (Kilotons) Forecast By Market Taxonomy

 14.3.1. By Country

 14.3.1.1. Germany

 14.3.1.2. France

 14.3.1.3. Italy

 14.3.1.4. Spain

 14.3.1.5. U.K.

 14.3.1.6. Benelux

 14.3.1.7. Russia

 14.3.1.8. Rest of Europe

 14.3.2. By Material

 14.3.3. By Application

 14.4. Market Attractiveness Analysis

 14.4.1. By Country

 14.4.2. By Material

 14.4.3. By Application

15. East Asia Molded Plastics Market Analysis and Forecast

 15.1. Introduction

 15.2. Historical Market Value (USD Million) and Volume (Kilotons) Trend Analysis By Market Taxonomy

 15.3. Market Value (USD Million) and Volume (Kilotons) Forecast By Market Taxonomy

 15.3.1. By Country

 15.3.1.1. China

 15.3.1.2. Japan

 15.3.1.3. South Korea

 15.3.2. By Material

 15.3.3. By Application

 15.4. Market Attractiveness Analysis

 15.4.1. By Country

 15.4.2. By Material

 15.4.3. By Application

16. South Asia & Oceania Molded Plastics Market Analysis and Forecast

 16.1. Introduction

 16.2. Historical Market Value (USD Million) and Volume (Kilotons) Trend Analysis By Market Taxonomy

 16.3. Market Value (USD Million) and Volume (Kilotons) Forecast By Market Taxonomy

 16.3.1. By Country

 16.3.1.1. India

 16.3.1.2. Thailand

 16.3.1.3. Indonesia

 16.3.1.4. Malaysia

 16.3.1.5. Australia & New Zealand

 16.3.1.6. Rest of South Asia & Oceania

 16.3.2. By Material

 16.3.3. By Application

 16.4. Market Attractiveness Analysis

 16.4.1. By Country

 16.4.2. By Material

 16.4.3. By Application

17. Middle East and Africa Molded Plastics Market Analysis and Forecast

 17.1. Introduction

 17.2. Historical Market Value (USD Million) and Volume (Kilotons) Trend Analysis By Market Taxonomy

 17.3. Market Value (USD Million) and Volume (Kilotons) Forecast By Market Taxonomy

 17.3.1. By Country

 17.3.1.1. GCC Countries

 17.3.1.2. South Africa

 17.3.1.3. Northern Africa

 17.3.1.4. Turkey

 17.3.1.5. Rest of Middle East and Africa

 17.3.2. By Material

 17.3.3. By Application

 17.4. Market Attractiveness Analysis

 17.4.1. By Country

 17.4.2. By Material

 17.4.3. By Application

18. Global Market Structure Analysis

 18.1. Market Analysis By Tier of Companies

 18.2. Market Concentration

 18.3. Market Share Analysis of Top Players

 18.4. Market Presence Analysis

 18.4.1. By Regional footprint of Players

 18.4.2. Product footprint by Players

19. Competition Analysis

 19.1. Competition Dashboard

 19.2. Competition Benchmarking

 19.3. Competition Deep Dive

 19.3.1. BASF SE

 19.3.1.1. Overview

 19.3.1.2. Strategy Overview

 19.3.1.3. SWOT Analysis

 19.3.2. E. I. DU PONT DE NEMOURS AND COMPANY

 19.3.2.1. Overview

 19.3.2.2. Strategy Overview

 19.3.2.3. SWOT Analysis

 19.3.3. ExxonMobil Corp.

 19.3.3.1. Overview

 19.3.3.2. Strategy Overview

 19.3.3.3. SWOT Analysis

 19.3.4. DuPont de Nemours, Inc.

 19.3.4.1. Overview

 19.3.4.2. Strategy Overview

 19.3.4.3. SWOT Analysis

 19.3.5. Dow, Inc.

 19.3.5.1. Overview

 19.3.5.2. Strategy Overview

 19.3.5.3. SWOT Analysis

 19.3.6. Huntsman International LLC

 19.3.6.1. Overview

 19.3.6.2. Strategy Overview

 19.3.6.3. SWOT Analysis

 19.3.7. Eastman Chemical Company

 19.3.7.1. Overview

 19.3.7.2. Strategy Overview

 19.3.7.3. SWOT Analysis

 19.3.8. INEOS Group

 19.3.8.1. Overview

 19.3.8.2. Strategy Overview

 19.3.8.3. SWOT Analysis

 19.3.9. LyondellBasell Industries Holdings B.V.

 19.3.9.1. Overview

 19.3.9.2. Strategy Overview

 19.3.9.3. SWOT Analysis

 19.3.10. SABIC

 19.3.10.1. Overview

 19.3.10.2. Strategy Overview

 19.3.10.3. SWOT Analysis

 19.3.11. Magna International, Inc.

 19.3.11.1. Overview

 19.3.11.2. Strategy Overview

 19.3.11.3. SWOT Analysis

 19.3.12. IAC Group

 19.3.12.1. Overview

 19.3.12.2. Strategy Overview

 19.3.12.3. SWOT Analysis

 19.3.13. Berry Global, Inc.

 19.3.13.1. Overview

 19.3.13.2. Strategy Overview

 19.3.13.3. SWOT Analysis

 19.3.14. Master Molded Products Corp.

 19.3.14.1. Overview

 19.3.14.2. Strategy Overview

 19.3.14.3. SWOT Analysis

 19.3.15. HTI Plastics, Inc.

 19.3.15.1. Overview

 19.3.15.2. Strategy Overview

 19.3.15.3. SWOT Analysis

 19.3.16. Rutland Plastics

 19.3.16.1. Overview

 19.3.16.2. Strategy Overview

 19.3.16.3. SWOT Analysis

 19.3.17. AptarGroup, Inc.

 19.3.17.1. Overview

 19.3.17.2. Strategy Overview

 19.3.17.3. SWOT Analysis

 19.3.18. Lacks Enterprises, Inc.

 19.3.18.1. Overview

 19.3.18.2. Strategy Overview

 19.3.18.3. SWOT Analysis

 19.3.19. The Rodon Group

 19.3.19.1. Overview

 19.3.19.2. Strategy Overview

 19.3.19.3. SWOT Analysis

 19.3.20. Heppner Molds

 19.3.20.1. Overview

 19.3.20.2. Strategy Overview

 19.3.20.3. SWOT Analysis

 19.3.21. Chevron Philips Chemical Company

 19.3.21.1. Overview

 19.3.21.2. Strategy Overview

 19.3.21.3. SWOT Analysis

 19.3.22. RELIANCE INDUSTRIES LIMITED

 19.3.22.1. Overview

 19.3.22.2. Strategy Overview

 19.3.22.3. SWOT Analysis

20. Assumptions and Acronyms Used
21. Research Methodology

Segments Covered in Molded Plastics Market

Molded Plastics Market by Material

• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Polystyrene
• Polyethylene Terephthalate
• Other Materials

Molded Plastics Market by End Use

• Packaging
• Consumables & Electronics
• Automotive & Transportation
• Building & Construction
• Other Applications

Molded Plastics Market by Region

• North America
• Latin America 
• Europe 
• East Asia
• South Asia & Oceania 
• MEA 

Research Methodology