Plastic Contract Manufacturing Market Size, Share, Trends, Innovations, Outlook 2022-2030

The global Plastic Contract Manufacturing market size is expected to be worth around US$ 50.85 billion by 2030, according to a new report by Vision Research Reports.

The global Plastic Contract Manufacturing market size was valued at US$ 30.61 billion in 2020 and is anticipated to grow at a CAGR of 6.6% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 50.85 Billion by 2030
Growth Rate CAGR of 6.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned McClarin Plastics, LLC; EVCO Plastics; C&J Industries; Plastikon Industries, Inc.; RSP, Inc.; Mack Molding; Tessy Plastics; Inzign Pte Ltd.; Genesis Plastics Welding; Baytech Plastics; Gregstrom Corp.; Nolato AB; Natech Plastics, Inc.; PTI Engineered Plastics, Inc.; Rosti Group AB, Inc

Growth Factors

Increasing usage of plastics, such as polystyrene, polyethylene, polypropylene, and polyurethane, in household appliances is expected to fuel the market growth. Due to the COVID-19 pandemic, many countries were in lockdown, due to which various companies across the globe have adopted work-from-home culture from March 2020. Several companies are planning to adopt the work-from-home culture permanently, due to which, the demand for home appliances and electronics products is rising rapidly. This, in turn, is expected to benefit the market growth over the forecast period.

Plastic is required by various end-use industries due to which, several end-users prefer to outsource plastic components as it reduces their production cost. This is expected to drive market growth over the forecast period. Polypropylene and polyethylene are increasingly being used for the production of medical devices. The growing demand for improved healthcare facilities and the rising number of hospitals have augmented the growth of the medical devices sector worldwide. The growing sales of medical devices are expected to be beneficial for the market growth.

By Product Analysis

The Polypropylene (PP) segment led the market and accounted for 34.3% of the global revenue share in 2020. Polypropylene is majorly used for manufacturing components in medical and automotive applications.

Polyethylene (PE) is used in various applications including toys, milk bottles, shampoo bottles, pipes, houseware, reusable bags, trays, containers, and packaging films.

The ABS product segment is estimated to witness the fastest CAGR during the forecast period. ABS is a polymer, which provides chemical & impact resistance, strength, and chemical inertness.

Polystyrene is generally available in three forms including Expanded Polystyrene (EPS), High Impact Polystyrene (HIPS), and General-Purpose Polystyrene (GPPS).

By Application Analysis

The consumer goods & appliances segment led the market and accounted for 28.2% of the global revenue share in 2020. Rising dependency on household appliances, owing to the increasing working population, coupled with increasing disposable income levels, is expected to drive the demand for these appliances, propelling the segment growth.

The medical application segment is expected to grow at the fastest CAGR of 8.2% during the forecast period. Increasing utilization of catheters in the medical sector in several applications, such as angiography, cardiac electrophysiology testing, angioplasty, and administration of intravenous fluids, is expected to drive the product demand. In the aerospace industry, plastics are used for various applications including aerostructure, components, equipment, system & support, cabin interiors, propulsion systems, satellites, and insulation components.

By Regional Analysis

Asia Pacific led the market in 2020 accounting for over 44.1% of the global revenue share and is estimated to register the fastest CAGR over the forecast period. The region is the largest manufacturer as well as consumer of plastics.

The market in Central & South America is estimated to expand at a CAGR of 6.8% during the forecast period owing to significant growth in the appliances and consumer goods industry over the past few years as a result of the high investments in the manufacturing sector of the country. This is likely to have a positive impact on regional market growth.

Key Players

  • McClarin Plastics, LLC
  • EVCO Plastics
  • C&J Industries
  • Plastikon Industries, Inc.
  • RSP, Inc.
  • Mack Molding
  • Tessy Plastics
  • Inzign Pte Ltd.
  • Genesis Plastics Welding
  • Baytech Plastics
  • Gregstrom Corp.
  • Nolato AB
  • Natech Plastics, Inc.
  • PTI Engineered Plastics, Inc.
  • Rosti Group AB, Inc.

Market Segmentation

  • By Product
    • Polypropylene
    • ABS
    • Polyethylene
    • Polystyrene
    • Others
  • By Application
    • Medical
    • Aerospace & Defense
    • Automotive
    • Consumer Goods & Appliances
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Italy
      • U.K.
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Plastic Contract Manufacturing Market, By Product

7.1.  Plastic Contract Manufacturing Market, by Product, 2021-2030

7.1.1.    Polypropylene

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    ABS

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Polyethylene

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Polystyrene

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Plastic Contract Manufacturing Market, By Application

8.1.  Plastic Contract Manufacturing Market, by Application, 2021-2030

8.1.1.    Medical

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Aerospace & Defense

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Automotive

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Consumer Goods & Appliances

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Plastic Contract Manufacturing Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              McClarin Plastics, LLC

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              EVCO Plastics

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              C&J Industries

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Plastikon Industries, Inc.

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              RSP, Inc

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Mack Molding

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Tessy Plastics

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Inzign Pte Ltd.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Genesis Plastics Welding

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Baytech Plastics

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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