#Plastic Market Industry

[reedintelligence]

Plastic Market Size, Share By Forecast Period 2024-2032

Plastic Market Growth Strategic Market Overview and Growth Projections

The global plastic market was valued at USD 591.28 billion in 2021 and is projected to reach USD 827.84 billion by 2030, registering a CAGR of 3.81% from 2022 to 2030.

The latest Global Plastic Market by straits research provides an in-depth analysis of the Plastic Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Plastic Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Competitive Landscape

Some of the prominent key players operating in the Plastic Market are 

BASF SE

SABIC

Dow Inc

DuPont de Nemours, Inc

Evonik Industries

Sumitomo Chemical Co., Ltd.

Arkema

Celanese Corporation

Eastman Chemical Company

Chevron Phillips Chemical Co., LLC

Lotte Chemical Corporation

Exxon Mobil Corporation

Formosa Plastic Corporation

Covestro AG

Toray Industries, Inc.

Mitsui & Co. Plastic Ltd.

Get Free Request Sample Report @ https://straitsresearch.com/report/plastic-market/request-sample

The Plastic Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Plastic Market: Segmentation

The Plastic Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

Product Outlook

Polyethylene (PE)

Polypropylene (PP)

Polyurethane (PU)

Polyvinyl chloride (PVC)

Polyethylene terephthalate (PET)

Polystyrene (PS)

Acrylonitrile butadiene styrene (ABS)

Polybutylene terephthalate (PBT)

Polyphenylene Oxide (PPO)

Epoxy Polymers

Liquid Crystal Polymers

Polyether ether ketone (PEEK)

Polycarbonate (PC)

Polyamide (PA)

Polysulfone (PSU)

polyphenylsulfone (PPSU)

Others

Application Outlook

Injection Molding

Blow Molding

Roto-Molding

Compression Molding

Casting

Thermoforming

Extrusion

Calendering

Others

End-use Outlook

Packaging

Construction

Electrical & Electronics

Automotive

Medical Devices

Agriculture

Furniture & Bedding

Consumer Goods

Utility

Others

Stay ahead of the competition with our in-depth analysis of the market trends!

Buy Now @ https://straitsresearch.com/report/plastic-market/segmentation

Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Plastic Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Plastic Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Plastic Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Plastic Market market over the next several years?

How do regulatory and legal frameworks influence the market?

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com 

Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

[me-amaraja]

[industrynewsupdates]

Challenges Facing the 3D Printing Plastics Market: An In-Depth Analysis

The global 3D printing plastics market was valued at approximately USD 1.20 billion in 2024 and is anticipated to grow at a remarkable compound annual growth rate (CAGR) of 24.2% from 2025 to 2030. This growth is primarily driven by the increasing demand for customized and personalized products, which is fostering innovation within the 3D printing sector and subsequently heightening the need for various types of 3D printing plastics.

A significant trend observed in the market is the strong shift toward sustainable and eco-friendly materials. As industries adopt more responsible manufacturing practices, there is a notable rise in the popularity of bioplastics and recycled materials for use in 3D printing applications. This movement is propelled by stringent environmental regulations and an increasing consumer preference for sustainable products. Companies are actively investing in research and development to create innovative biodegradable plastics that can match the performance characteristics of traditional materials while minimizing environmental impact. This transition not only supports sustainability objectives but also opens new avenues for growth in sectors such as healthcare and consumer goods.

Gather more insights about the market drivers, restrains and growth of the 3d Printing Plastics Market

Type Insights

When examining the market by type, the photopolymers segment emerged as the leader, accounting for a substantial revenue share of 58.4% in 2024. This dominance can be attributed to the rising demand for high-precision manufacturing across various industries, including dental, jewelry, and electronics. Photopolymer resins, which solidify when exposed to light, are prized for their exceptional accuracy and ability to produce intricate details, making them particularly suitable for creating complex designs.

In the dental sector, for example, photopolymer 3D printing technology is utilized to manufacture highly customized crowns, bridges, and dental implants with remarkable precision. Similarly, in the electronics industry, this technology is applied to create micro-scale components that would be challenging to fabricate using traditional manufacturing methods. The growing inclination toward customized and miniaturized products, along with advancements in photopolymer formulations that enhance strength and durability, is propelling the growth of this market segment.

On the other hand, the polyamide/nylon segment is projected to experience rapid growth throughout the forecast period. Nylon is well-regarded for its outstanding mechanical properties, including high tensile strength, flexibility, and durability. These attributes make it particularly suitable for producing functional prototypes and end-use parts across various industries, including automotive, aerospace, and consumer goods. In the automotive and aerospace sectors, manufacturers are increasingly adopting Nylon 3D printing to create lightweight components that help reduce the overall weight of vehicles without compromising performance. This shift is further reinforced by the material's resistance to heat and chemicals, which is essential for applications in demanding environments.

Global 3D printing plastics market is on an upward trajectory, driven by the need for customization and sustainability. As companies continue to innovate and adapt to market demands, particularly through the use of photopolymers and polyamides, the industry is well-positioned for significant growth in the coming years. This evolving landscape reflects broader trends in manufacturing and consumer preferences, emphasizing the importance of both performance and environmental responsibility in product development.

Order a free sample PDF of the 3d Printing Plastics Market Intelligence Study, published by Grand View Research.

[marketanalysisdata]

Post-consumer Recycled Plastics Market – Industry Insights, Trends and Growth Opportunity Analysis to 2030

The global market for post-consumer recycled (PCR) plastics was valued at USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This growth is driven by the increasing sustainability initiatives of food and beverage as well as packaging companies that are transitioning to recycled plastic materials. These sustainability efforts align with the circular economy principles, as more end-users across various sectors adopt PCR plastics to reduce waste and environmental impact. Rising demand in key industries such as packaging, textiles, automotive, and construction further supports this trend. Additionally, technological advancements in recycling processes have led to the production of highly efficient and innovative PCR plastics, making recycling solutions more accessible and impactful.

A notable example of this technological advancement occurred in October 2023, when Repsol S.A. and Signode Industrial Group LLC launched a high-performance strap made from polypropylene (PP) with 30% recycled content, intended for high-strength applications. The demand for PCR plastics as a replacement for traditional, virgin fossil-based plastics is robust across various end-use industries, including construction, packaging, electronics, textiles, and automotive. Countries such as China, India, the U.S., and Saudi Arabia are witnessing a surge in construction activity, spurred by redevelopment initiatives and government investments in affordable housing and healthcare infrastructure. This increase in construction projects is expected to drive the demand for PCR plastics in the building and construction sectors.

However, one of the primary challenges faced by the PCR plastics market is waste management and the need for advanced recycling technologies. Global plastic waste flows tend to move from high-income countries to low-income countries, raising environmental concerns and presenting both logistical and economic challenges. Efforts to enhance plastic recycling infrastructure and policies are essential to addressing these issues and promoting sustainable practices.

Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market

Type Segmentation Insights:

In 2023, the polyethylene (PE) segment held the largest market share by revenue, accounting for over 20%. Post-consumer recycled PE is derived from a variety of plastic products, including films, sheets, and pellets, and offers effective barrier properties that make it suitable for food and beverage packaging applications. Its protective properties are particularly valuable for maintaining the quality and safety of packaged goods.

Looking ahead, the polypropylene (PP) segment is expected to grow significantly. Post-consumer recycled PP is known for its excellent chemical and mechanical properties, making it suitable for multiple applications across industries such as packaging, automotive, and household goods. PP’s durability, flexibility, and thermal resistance make it an ideal choice for manufacturing household appliances. Furthermore, as consumer awareness of environmental issues and sustainable practices increases, demand for recycled PP and other sustainable materials in packaging and automotive applications is expected to rise. This growing awareness is pushing manufacturers and consumers alike toward sustainable, recycled plastic solutions, fostering innovation and growth in PCR plastic production.

Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Post-consumer Recycled Plastics Market Geographic Segmentation, Analysis by Types, Regions and Forecast to 2030

The global market for post-consumer recycled (PCR) plastics was valued at USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This growth is driven by the increasing sustainability initiatives of food and beverage as well as packaging companies that are transitioning to recycled plastic materials. These sustainability efforts align with the circular economy principles, as more end-users across various sectors adopt PCR plastics to reduce waste and environmental impact. Rising demand in key industries such as packaging, textiles, automotive, and construction further supports this trend. Additionally, technological advancements in recycling processes have led to the production of highly efficient and innovative PCR plastics, making recycling solutions more accessible and impactful.

A notable example of this technological advancement occurred in October 2023, when Repsol S.A. and Signode Industrial Group LLC launched a high-performance strap made from polypropylene (PP) with 30% recycled content, intended for high-strength applications. The demand for PCR plastics as a replacement for traditional, virgin fossil-based plastics is robust across various end-use industries, including construction, packaging, electronics, textiles, and automotive. Countries such as China, India, the U.S., and Saudi Arabia are witnessing a surge in construction activity, spurred by redevelopment initiatives and government investments in affordable housing and healthcare infrastructure. This increase in construction projects is expected to drive the demand for PCR plastics in the building and construction sectors.

However, one of the primary challenges faced by the PCR plastics market is waste management and the need for advanced recycling technologies. Global plastic waste flows tend to move from high-income countries to low-income countries, raising environmental concerns and presenting both logistical and economic challenges. Efforts to enhance plastic recycling infrastructure and policies are essential to addressing these issues and promoting sustainable practices.

Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market

Type Segmentation Insights:

In 2023, the polyethylene (PE) segment held the largest market share by revenue, accounting for over 20%. Post-consumer recycled PE is derived from a variety of plastic products, including films, sheets, and pellets, and offers effective barrier properties that make it suitable for food and beverage packaging applications. Its protective properties are particularly valuable for maintaining the quality and safety of packaged goods.

Looking ahead, the polypropylene (PP) segment is expected to grow significantly. Post-consumer recycled PP is known for its excellent chemical and mechanical properties, making it suitable for multiple applications across industries such as packaging, automotive, and household goods. PP’s durability, flexibility, and thermal resistance make it an ideal choice for manufacturing household appliances. Furthermore, as consumer awareness of environmental issues and sustainable practices increases, demand for recycled PP and other sustainable materials in packaging and automotive applications is expected to rise. This growing awareness is pushing manufacturers and consumers alike toward sustainable, recycled plastic solutions, fostering innovation and growth in PCR plastic production.

Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[ankita784]

Starch-Based Plastics Market Dynamics: Impact of Economic and Technological Factors

Starch-Based Plastics Market Dynamics: Impact of Economic and Technological Factors

Starch-Based Plastics Market Information:

Market Overview

According to Straits Research, the global Starch-Based Plastics market size was valued at USD 1804 Million in 2022. It is projected to reach from USD XX Million in 2023 to USD 4059 Million by 2031, growing at a CAGR of 9.43% during the forecast period (2023–2031).

This market research report on Starch-Based Plastics Market offers invaluable insights and guidance for businesses across diverse sectors. It delivers a thorough overview of the Starch-Based Plastics Market, detailing aspects such as market size, trends, key players, consumer behavior, and competitive dynamics. By analyzing and interpreting the data collected through extensive research, this report enables businesses to make informed decisions and devise effective strategies.

The report provides in-depth market intelligence, highlighting opportunities and potential challenges. It helps companies identify their target audiences, understand their needs and preferences, and adjust their products or services accordingly. Additionally, the report assists in evaluating the feasibility of new product launches, assessing market demand, and setting pricing strategies.

Competitive Players in Starch-Based Plastics Market

Some of the key players operating in the Starch-Based Plastics market are

Kuraray Co. Ltd

Rodenburg Biopolymers

Biome Bioplastics Limited

Wittenburg Group

Nihon Cornstarch Corporation

Toray Industries Inc

Corbion N.V

Novamont S.p.A

BIOTEC GmbH & Co

BioLogiQ Inc

NUREL

Grabio Greentech

Sunar NP

Cardia Bioplastics

Multibax Public Company Limited

AGRANA BETEILIGUNGS AG

Green Dot

FuturaMatSOLANYL BP

Get a free sample of the Starch-Based Plastics Market @ https://straitsresearch.com/report/starch-based-plastics-market/request-sample

The Starch-Based Plastics market report helps a wide range of businesses figure out what their consumers truly want by conducting extensive market research. When it comes to new products, every company owner wants to understand the demand, and this report is a great resource. Additional benefits include ensuring that the most recent market developments are covered. You may keep a close check on key rivals and their growth strategies by reading the Starch-Based Plastics market research. It also provides in-depth analysis for the years 2022-2030, offering business owners new opportunities.

This research also provides a dashboard view of prominent organizations, highlighting their effective marketing tactics, market share, and recent advances in both historical and current settings.

Global Starch-Based Plastics Market: Segmentation

By Type

Thermoplastic Starch

Starch Polymer Blends

By End-User

Automotive and Transportation

Agriculture

Packaging

Consumer Goods

Others

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

Buy Full Starch-Based Plastics Market Report @ https://straitsresearch.com/buy-now/starch-based-plastics-market

Key Highlights

The purpose of this study is to examine the manufacturers of Starch-Based Plastics, including profiles, primary business activities, news, sales and price, revenue, and market share.

The study provides an overview of the competitive landscape among leading manufacturers worldwide, including sales, revenue, and market share of Starch-Based Plastics percent.

It illustrates the market subdivided by type and application, with details on sales, price, revenue, market share, and growth rate broken down by type and application.

The research covers key regions by manufacturers, categories, and applications, including North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.

It also investigates production costs, essential raw materials, and production methods.

Principal Motives Behind the Purchase:

To gain deep analyses of the industry and understand the commercial landscape of the global market.

To analyze production processes, key problems, and potential solutions to mitigate future issues.

To understand the most influential driving and restraining factors in the Starch-Based Plastics industry and their global market impact.

To gain insights into the market strategies employed by the most successful firms.

To understand the market's future and potential.

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us:

Email: sales@straitsresearch.com

Address: 825 3rd Avenue, New York, NY, USA, 10022

Tel: +1 6464807505, +44 203 318 2846

Starch-Based Plastics Market, Starch-Based Plastics Industry, Starch-Based Plastics Market Share, Starch-Based Plastics Market Size, Starch-Based Plastics Market Trends, Starch-Based Plastics Market Regional Analysis, Starch-Based Plastics Market Growth Rate, Starch-Based Plastics Market Analysis, Starch-Based Plastics Market Forecast

[latestmarketresearchnews]

Medical Plastics Market Size, Share, Growth Analysis And Forecast Report 2030

The global medical plastics market was valued at approximately USD 52.9 billion in 2023 and is projected to experience a steady growth rate, with a compound annual growth rate (CAGR) of 7.4% expected between 2024 and 2030. The significant growth in this sector can be attributed to the advancements in the development of plastics and plastic composites used in medical applications, particularly in the production of essential components such as catheters, handles for surgical instruments, and syringes. A rising demand for sophisticated medical devices, especially for in-house use, is expected to drive the need for medical device packaging. Materials like polyethylene, polypropylene, and polycarbonate are becoming increasingly important in the manufacturing of medical devices. Additionally, the expansion of home healthcare owing to its cost-effectiveness compared to hospital-based or intensive care has fueled a greater need for various medical devices.

Demographic trends in the U.S. further support this market growth. According to the latest U.S. census, 16.8% of the U.S. population is aged 65 years and older, with the elderly population expected to reach 74 million by 2030. Notably, individuals over the age of 85 typically require the most intensive care, and this age group is expanding rapidly. In response to this growing need for elderly care, in March 2021, U.S. President Joe Biden proposed a significant investment of USD 400 billion over an eight-year period into Medicaid to support at-home care services for elderly and disabled individuals. This plan also aimed to increase the wages of caregivers. The rising costs and shrinking profit margins have put considerable pressure on healthcare providers and health insurance plans in the U.S., leading the government to implement crucial changes in healthcare funding and insurance coverage, including reforms introduced through the Affordable Care Act (ACA) and Medicaid.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Product Segmentation Insights:

The Polyphenylsulfone (PPSU) resin segment led the medical plastics market in 2023, accounting for over 51% of the total revenue. This dominance is largely due to the material's excellent heat and chemical resistance, which makes it particularly suited for producing durable surgical tools and medical devices. PPSU's high strength and resilience make it a preferred material in the production of surgical robots and components used in biopharmaceutical processing. Additionally, its high flexural strength and impact resistance are beneficial for producing both single-use and multi-use surgical instruments, especially those that require repeated sterilization via steam.

Polyethylene (PE) is another important material in the medical plastics sector, valued for its resistance to bacteria and cleaning chemicals, making it ideal for use in medical equipment, devices, and other healthcare supplies. Its key characteristics such as impact resistance, chemical stability, flexibility, and minimal moisture absorption make PE suitable for use in medical-grade devices. Moreover, because it is a porous synthetic polymer that does not degrade within the human body, PE is used in various medical applications, including plastic surgery implants, tubing, and bottles.

Polypropylene (PP) is extensively used in the production of medical equipment and protective packaging, thanks to its toughness and durability. The strong chemical bonds of PP make it suitable for producing medical components like disposable syringes, connectors, finger-joint prostheses, non-absorbable sutures, reusable plastic containers, and laboratory items such as beakers and test tubes. Furthermore, PP is particularly beneficial in specialized medical procedures, such as hernia repairs and pelvic organ prolapse surgeries, where it is used in transvaginal mesh implants.

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

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Medical Plastics Market Outlook, Research, Trends and Forecast to 2030

The global medical plastics market was valued at approximately USD 52.9 billion in 2023 and is projected to experience a steady growth rate, with a compound annual growth rate (CAGR) of 7.4% expected between 2024 and 2030. The significant growth in this sector can be attributed to the advancements in the development of plastics and plastic composites used in medical applications, particularly in…

[reedintelligence]

Medical Plastic Market market Report 2023: Global Size, Share By Forecast Period

Medical Plastic Market Growth Strategic Market Overview and Growth Projections

The global medical plastic market was worth USD 28 billion in 2021. It is expected to reach USD 57 billion by 2030, growing at a CAGR of 7.8% during the forecast period (2022–2030).

The latest Global Medical Plastic Market by straits research provides an in-depth analysis of the Medical Plastic Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Medical Plastic Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Competitive Landscape

Some of the prominent key players operating in the Medical Plastic Market are 

Rochling Group

Nolato AB

Nolato GW

SABIC

Saint-Gobain Performance Plastics

Eastman Chemical Company

Orthoplastics Ltd

Celanese Corporation

Tekni-Plex

Dow Inc

Solvay S.A.

HMC Polymers

Proxy Biomedical Ltd

Trelleborg Sealing Solutions

DuPont de Nemours Inc

NuSil Technology LLC

Trinseo S.A

Get Free Request Sample Report @ https://straitsresearch.com/report/medical-plastic-market/request-sample

The Medical Plastic Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Medical Plastic Market: Segmentation

The Medical Plastic Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Application

Medical Device Packaging

Medical Components

Orthopedic Implant

Packaging

Orthopedic Soft Goods

Wound Care

Cleanroom Supplies

BioPharm Devices

Mobility Aids

Sterilization and Infection Prevention

Tooth Implants

Denture Base Material

Other Implants

Others

By Plastic Type

Commodity Plastic

Engineering Plastic

High-Performance Plastic

Polyvinyl Chloride (PVC)

Thermoplastic Elastomer (TPE)

Thermoplastic Elastomer Vulcanizates (TPE-V)

Thermoplastic Elastomer Styrenics (TPE-S)

Polyethylene (PE)

Polycarbonate (PC)

Polypropylene (PP)

Polyethylene Terephthalate (PET)

Polyamides

Thermoplastic Polyurethane (TPU)

Polymethyl Methacrylate

Acrylonitrile Butadiene Styrene (ABS)

Silicone Rubber

Liquid Silicone Rubber

High Consistency Rubber

Room Temperature Vulcanizing (RTV) Silicone

Silicone Adhesives

Others

By Process Technology

Extrusion

Injection Molding

Blow Molding

Others (including Rotational Molding)

Stay ahead of the competition with our in-depth analysis of the market trends!

Buy Now @ https://straitsresearch.com/buy-now/medical-plastic-market

Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Medical Plastic Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Medical Plastic Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Medical Plastic Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Medical Plastic Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com 

Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

[coolkailas]

Don't miss out on business opportunities in Recycled Plastics Market Industry  Download to our Report PDF Brochure & gain crucial industry insights that will help your business grow. Click on Link For PDF Download https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115486722&utm_source=linkedin-ks&utm_medium=social&utm_campaign=chksoct24

[creativeera]

The Plastic Films Market is experiencing rapid growth driven by rising e-commerce

The plastic films market enjoys widespread applications across various end-use industries such as packaging, agriculture, construction, and electrical & electronics. Plastic films offer several advantages over traditional materials including moisture barrier properties, durability, lightweight and transparency. They are extensively used for flexible packaging of food products, beverages, consumer goods and industrial applications. The growth of e-commerce and online shopping has propelled demand for plastic films from the packaging sector. The Global Plastic Films Market is estimated to be valued at US$157.5 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the plastic films market are Amcor plc, Berry Global Group, Sealed Air Corporation, DuPont, Toray Industries, Jindal Poly Films, RPC Group, and DS Smith. They collectively account for over 30% share of the global market. The Plastic Films Market Demand has been witnessing strong growth globally driven by the expanding food & beverage industry and burgeoning e-commerce sector. Especially in Asia Pacific, growth in the standard of living has boosted consumption of packaged foods and beverages, thereby augmenting plastic films usage. The plastic films market is extending its footprint globally on account of rising export activities from leading producers based in Asia Pacific and Europe. Many developing countries in South America, Middle East & Africa and Asia are emerging as lucrative markets providing ample opportunities for plastic film manufacturers. Market Key Trends One of the key trends gaining momentum in the plastic films market is the increasing replacement of conventional plastics with bioplastics. Bioplastic films made from renewable sources such as cellulose, starch, polylactic acid and polyhydroxyalkanoates offer superior compostability and sustainability. The development of bio-based barrier films, shrink films and stretch films with properties comparable to petroleum-based films will further bolster the adoption of bioplastics in food packaging and other applications over the forecast period.

Porter's Analysis Threat of new entrants: Low capital required for manufacturing plants enables easy entry which increases competition in the market. Bargaining power of buyers: Large number of suppliers in the market gives buyers more options but commodity nature of products limits their power. Bargaining power of suppliers: Major suppliers have established relationships with end-use industry players reducing their individual bargaining power. Threat of new substitutes: Availability of alternative materials like paper and aluminum foils poses threat of substitution to plastic films. Competitive rivalry: Large number of global and regional players operate in a price-sensitive market increasing competition. Geographical Regions North America accounts for the largest share of the plastic films market owing to high demand from various end-use industries like packaging, personal care, construction and others in United States and Canada. Asia Pacific region is expected to grow at the fastest rate during the forecast period due to rapid industrialization and infrastructure development activities in major economies like China and India increasing consumption of plastic films in packaging, agriculture and construction applications.

Get more insights on Plastic Films Market

For Enhanced Understanding, Dive into the Report in the Language that Connects with You.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

[me-amaraja]

[industrynewsupdates]

Medical Plastics Market Key Companies and Emerging Trends 2024 - 2030

The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Detailed Segmentation:

Market Concentration & Characteristics

Market growth stage is high, and pace of market growth is accelerating owing to overly consolidated market. Medical plastic manufacturers are actively implementing challenging strategic initiatives such as mergers & acquisitions, new product launches, production expansion, among others.

For instance, In November 2023, TekniPlex Healthcare announced the acquisition of Seisa Medical, a medical device manufacturer based in El Paso, Texas, offering various services throughout the product development cycle. This acquisition will enhance the company's materials science and process technologies worldwide for interventional therapy devices and minimally invasive. From development and design to component manufacturing, final assembly, and packaging, Seisa provides global contract manufacturing services for Class II and III medical devices and specialty components.

Process Technology Insights

Injection molding is a widely used process in the medical plastics industry. It has many advantages, including compliance with medical industry standards and regulations. The use of engineering-grade plastics ensures that parts are created to enhance patient safety and comply with FDA (Food and Drug Administration) guidelines. Injection molding is highly flexible, allowing parts to be fully customizable to fit the consumer.

Application Insights

The medical components segment dominated with a revenue share above 40.0% in 2023. The COVID-19 pandemic increased the demand for medical components such as personal protective equipment (PPE), face masks, gloves & gowns, and magnetic resonance imaging (MRI) scanners. The emerging countries manufactured PPE, face masks, and gloves, whereas, developed countries manufactured technology-intensive equipment such as MRI scanners and mechanical ventilators. Hence, the demand for the aforementioned equipment was rising during the pandemic, which in turn is expected to drive the segment’s growth.

Regional Insights

In 2023, North America dominated global medical plastics market with a market share of above 33.0%. This is expected to augment the demand for generic drugs as well as medical devices in the coming years, thereby driving North America medical plastics market over the forecast period. The key applications catered to by this industry include pharmaceutical packaging and medical components manufacturing.

Rising demand for medical plastics in pharmaceutical packaging applications and the rapid growth of the pharmaceutical industry in Mexico and Canada are expected to drive the medical plastics market in the region. For instance, the elimination of stringent regulations by the Mexican government, which had earlier restricted the establishment of new manufacturing units, has resulted in the establishment of new pharmaceutical manufacturing facilities for major companies such as Takeda and Astellas in Mexico.

Product Insights

The Poyphenylsulfone (PPSU) resin segment dominated the medical plastics market with a revenue share of above 51.0% in 2023. The heat and chemical resistance of PPSU can be attributed to this dominance. These plastics possess high strength and durability, making essential surgical tools. These are preferred in surgical robots and biopharmaceutical processing. Polyphenylsulfone exhibits good heat and chemical resistance, making it ideal for metal replacement in medical applications. These plastics possess high flexural strength, impact resistance, and durability and are ideal for producing single- and multi-use surgical instruments. Its high-temperature resistance makes it suitable for multi-use medical devices that are repeatedly steam-sterilized.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global polybutadiene market size was valued at USD 1.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.

• The global polycarbonate sheet market size was valued at USD 4.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030. 

Key Companies & Market Share Insights

Some key market players include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; and Eastman Chemical Company.

• In November 2022, Celanese Corporation announced the acquisition of DuPont's Mobility & Material (M&M) business for USD 11 billion. This strategic move enables Celanese to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

Key Medical Plastics Companies:

The following are the leading companies in the medical plastics market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these medical plastics companies are analyzed to map the supply network.

• Röchling SE & Co. KG

• Nolato AB

• Saint-Gobain

• SABIC

• Orthoplastics Ltd

• Eastman Chemical Company

• Celanese Corporation

• Dow, Inc.

• Tekni-Plex, Inc.

• Solvay S.A.

• HMC Polymers Company Limited

• ARAN BIOMEDICAL TEORANTA

• Trelleborg Group

• Avantor, Inc.

• Trinseo

• Evonik Industries AG

Medical Plastic Market Segmentation

Grand View Research has segmented the global medical plastic market based on product, application, and region:

Medical Plastics Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Polyethylene (PE)

• Polypropylene (PP)

• Polycarbonate (PC)

• Liquid Crystal Polymer (LCP)

• Polyphenylsulfone (PPSU)

• Polyethersulfone (PES)

• Polyethylenimine (PEI)

• Polymethyl Methacrylate (PMMA)

• Others

Medical Plastics Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Extrusion

• Injection Molding

• Blow Molding

• Other

Medical Plastics Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Medical Device Packaging

• Medical Components

• Orthopedic Implant Packaging

• Orthopedic Soft Goods

• Wound Care

• Cleanroom Supplies

• BioPharm Devices

• Mobility Aids

• Sterilization and Infection Prevention

• Tooth Implants

• Denture Base Material

• Other Implants

• Others

Medical Plastics Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Netherland

• Asia Pacific

o China

o India

o Japan

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

Recent Developments

Some key players operating in market include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; Eastman Chemical Company among others.

• In February 2023, Cleanse Corporation announced the acquisition of DUPONT's mobility and mobility business for USD 11.00 billion. This strategic move enables Cleanse to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

• In June 2023, SABIC acquired Clariant's 50% stake in Scientific Design, a renowned catalysis leader. This acquisition bolstered the non-cyclical, technology-driven business and brought it closer to becoming a leading global specialist.

[coldpenguintaco]

Water Storage Systems Market to Surge: Steel, Fiberglass, Concrete, and Plastic Solutions Lead the Way

The global Water Storage Systems market is poised for significant expansion in 2024, driven by increasing demand for efficient water management solutions, climate change concerns, and rapid urbanization. The Water Storage Systems Market size is projected to reach USD 25.1 billion by 2027 from USD 16.5 billion in 2022 growing at a CAGR of 8.7%. The market encompasses various technologies designed…

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𝙀𝙭𝙥𝙡𝙤𝙧𝙞𝙣𝙜 𝙩𝙝𝙚 𝙋𝙡𝙖𝙨𝙩𝙞𝙘 𝙋𝙧𝙤𝙘𝙚𝙨𝙨𝙞𝙣𝙜 𝙈𝙖𝙘𝙝𝙞𝙣𝙚𝙧𝙮 𝙈𝙖𝙧𝙠𝙚𝙩: 𝘼 𝙂𝙧𝙤𝙬𝙞𝙣𝙜 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮!

𝘿𝙤𝙬𝙣𝙡𝙤𝙖𝙙 𝙖 𝙁𝙍𝙀𝙀 𝙎𝙖𝙢𝙥𝙡𝙚: https://www.nextmsc.com/plastic-processing-machinery-market/request-sample

The 𝙋𝙡𝙖𝙨𝙩𝙞𝙘 𝙋𝙧𝙤𝙘𝙚𝙨𝙨𝙞𝙣𝙜 𝙈𝙖𝙘𝙝𝙞𝙣𝙚𝙧𝙮 𝙈𝙖𝙧𝙠𝙚𝙩 is experiencing significant growth and innovation. With increasing demand for plastic products across various industries such as packaging, automotive, healthcare, and consumer goods, the market is expected to expand substantially in the coming years.

𝙆𝙚𝙮 𝙏𝙧𝙚𝙣𝙙𝙨 𝘿𝙧𝙞𝙫𝙞𝙣𝙜 𝙩𝙝𝙚 𝙈𝙖𝙧𝙠𝙚𝙩:

𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙞𝙘𝙖𝙡 𝘼𝙙𝙫𝙖𝙣𝙘𝙚𝙢𝙚𝙣𝙩𝙨: Automation and IoT integration in plastic processing machinery are enhancing efficiency and productivity.

𝙎𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙄𝙣𝙞𝙩𝙞𝙖𝙩𝙞𝙫𝙚𝙨: The push for eco-friendly and recyclable plastic products is fostering the development of advanced machinery designed for sustainable processing.

𝙀𝙢𝙚𝙧𝙜𝙞𝙣𝙜 𝙀𝙘𝙤𝙣𝙤𝙢𝙞𝙚𝙨: Rapid industrialization and urbanization in developing countries are boosting the demand for plastic processing machinery.

𝘾𝙪𝙨𝙩𝙤𝙢𝙞𝙯𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙁𝙡𝙚𝙭𝙞𝙗𝙞𝙡𝙞𝙩𝙮: Growing demand for customized plastic products is leading to the adoption of flexible machinery capable of handling diverse production requirements.

𝙈𝙖𝙧𝙠𝙚𝙩 𝙄𝙣𝙨𝙞𝙜𝙝𝙩𝙨:

Innovations in injection molding, extrusion, and blow molding technologies are expected to drive market growth.

Key players are investing heavily in R&D to introduce cutting-edge machinery with enhanced capabilities.

𝙆𝙚𝙮 𝙋𝙡𝙖𝙮𝙚𝙧𝙨: Various key market players operating in the plastic processing machinery industry includes Star Plastic Machinery, CMD Corporation, Arburg GmbH, ENGEL, Plustech Systems & Solutions, Sumitomo (SHI) Demag Plastics Machinery GmbH, FCS Group, Toshiba Machine Co. Ltd., Milacron Holdings Corporation, Haitian International Holdings Ltd., and others.

𝘼𝙘𝙘𝙚𝙨𝙨 𝙁𝙪𝙡𝙡 𝙍𝙚𝙥𝙤𝙧𝙩: https://www.nextmsc.com/report/plastic-processing-machinery-market

𝙇𝙤𝙤𝙠𝙞𝙣𝙜 𝘼𝙝𝙚𝙖𝙙: The future of the Plastic Processing Machinery Market looks promising, with continuous advancements and a strong focus on sustainability. As the industry evolves, staying updated with the latest trends and technologies will be crucial for businesses aiming to thrive in this dynamic market.