Extruded Plastics Market

Global Extruded Plastics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Increasing application & demand from the packaging industry, rising number of construction activities and growing consumption of plastics in agriculture are major factors anticipated to drive the growth of the Global Extruded Plastics Market.

Global Extruded Plastics Market is valued at USD 227.58 Billion in 2020 and expected to reach USD 316.2 Billion by 2027 with a CAGR of 4.81% over the forecast period.

Scope of Global Extruded Plastics Market Report:

Plastics extrusion is a manufacturing process, in which raw plastic is melted and are forcibly pushed through a tool that gives them shape and form. Plastic extrusion is one of the most extensively used industrial processes for the forming of plastics, and the most widely used for thermoplastics. The plastics obtained through extrusion process are called extruded plastics, which have different shapes and sizes. Extrusion is process is a high-volume manufacturing process in which plastic material is melted with the heat application and extruded through die into the desired shape. The types of plastic extrusion are tubing extrusion, blow film extrusion, sheet film extrusion, over jacket extrusion. The extruded plastics are broadly used in packaging as wraps in food & beverages, containers and bottles, consumer goods as well as medical products. Plastic piping and tubing, occasionally made from PVC or the aforementioned thermoplastics, is a regular plastic extrusion application due to it has an easy cylindrical profile.

The COVID-19 pandemic has shown a negative impact on the global extruded plastics market. Due to lockdown imposed there is break in international trade and decrease in popularity for plastic, the production and manufacturing units were suffering during pandemic. There was also less demand for mechanical hardware, transportation, car, gadgets, and their fore decrease in of production of plastics thus extruded plastics production also decreased.

Global Extruded Plastics Market Segmentation:

The global extruded plastics market is segmented on the basis of type, end user and region & country level. On the basis of type, the global extruded plastics market is segmented into low-density polyethylene, polypropylene, polyvinyl chloride, high-Density polyethylene, polystyrene, and others. On the basis of end-users, the market is segmented into packaging, building & construction, automotive, consumer goods, electrical & electronics and others.

By Type:

• Low-density Polyethylene
• Polypropylene,
• Polyvinyl Chloride,
• High-Density Polyethylene
• Polystyrene
• Others

By End Users:

• Packaging
• Building & Construction
• Automotive
• Consumer Goods
• Electrical & Electronics
• Others

Key Players of Global Extruded Plastics Market:

Some of the key players for global extruded plastics market are Formosa Plastics Group, SABIC, JM Eagle, AEP Industries Inc., E. I. Du Pont De Nemours, The DOW Chemical Company, Chevron Phillips Chemical Company, LLC Sigma Plastics Group, Sealed Air Corporation, Berry Plastics Corporation, and Company and others.

News: DS Smith Plastics Launched a New Product Line of Extruded Polypropylene Packaging Dedicated to Pharmaceutical Applications

On September 19^th, 2018; DS Smith Plastics announced the dispatch of AkyPure another line of extruded polypropylene bundling for the pharmaceutical business. The new product offering comprises of hygienic, without fiber and moist-resistant packaging solutions fabricated in consistence with International Good Manufacturing Practices (GMP) that guarantees items are reliably created and controlled by set up quality principles. The AkyPure line of expelled polypropylene bundling is made out of three particular item classifications; AkyPure Box, AkyPure Tray, and AkyPure mass holder.

Increasing Application & Demand from the Packaging Industry, Rising Number of Construction Activities and Growing Consumption of Plastics in Agriculture are Major Factor Driving the Market Growth

One of the major factors driving the growth of the global extruded plastics market is increasing application and demand of extruded plastics from packaging industry. Rising preference of people for ready-to-eat food is driving the growth of packaging industry. Extruded plastics are utilized as per the type of packaging process used and the food stuff being packaged (fresh or frozen) in order to optimize reliability and conservation. Extruded plastics ensure excellent consumer presentation through outstanding transparency and brilliancy and to contribute to the preservation of content. For example; on September 21^st, 2021, D S Smith plastics introduced a new line of polypropylene extruded plastics packaging products for pharmaceutical industry.

In addition, rising number of construction activities are also supplementing the growth of the market. As extruded plastics offer an excellent price/performance ratio, they are easy to fit and have outstanding heat and sound insulation properties. As compared to wood and aluminum windows, extruded plastics are enormously durable, dimensionally stable and easy to clean. They are resistant to weathering and to chemicals thus they are increasingly used by construction industries also they are increasing used by automotive industry. Advanced vehicle designs use plastic extrusions to protect the complex wiring harnesses. Hence, automotive industry uses extruded plastic widely. For instance; according the International Organization of Motor Vehicle Manufacturers (OCIA), the global automotive production increased 4.5% between 2015 and 2016. Thus, rise in production is expected to raise the demand for extruded plastic products in the automotive industry. Moreover, use of extruded plastics in the agriculture sector is also augumenting the market growth. As new extruded plastic products increasingly used in greenhouses, tunnels, mulching, plastic reservoirs and irrigation systems, silage cleaning options farmers prefer to use extruded plastics as they prevent the spread of germs, diseases and food borne illnesses.

However, the high-costs and side-effects of using plastic may hamper the market growth. In spite of that, technological advancements like artificial intelligence based plastic extrusion machine can provide various opportunities for the further growth of the global extruded plastics market.

Asia-Pacific Emerged as Fastest Growing Region in the Global Extruded Plastics Market

Asia-Pacific is expected to witness the fastest growth in the global extruded plastic market due to the high consumption rate for plastics for packaging and government initiatives to boost rural infrastructure in this region. There is high demand of PVC extrusions in the construction sector. Also,  India’s surging middle class is driving demand for sustainable packaging and plastics that improve convenience, quality and safety is also boosting the market growth. The Indian plastics industry proposes brilliant potential in terms of ability, infrastructure, and skilled workforce. It is upheld by numerous polymer producers, plastic process machinery and mould makers in the country. For instance; as per the Indian Brand Equity Foundation (IBEF), in March 2021, India exported plastics raw material worth US$ 280.38 million and US$ 3.29 billion during April 2020 to March 2021.

North America is expected to capture a significant growth in the global extruded plastic market due to the presence of key players and research & development and growing demand of extruded plastics in packaging, building and construction, automotive sector and medical sector in North America.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits of Global Extruded Plastics Market:

• Global Extruded Plastics Market report covers in-depth historical and forecast analysis.
• Global Extruded Plastics Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Extruded Plastics Market report helps to identify opportunities in marketplace.
• Global Extruded Plastics Market report covers extensive analysis of emerging trends and competitive landscape.