Molded Plastic Packaging Market By Product (Molded polyethylene terephthalate (PET), Molded polyethylene (PE), Molded polypropylene (PP)), Application (Building & Construction, Automotive, Electrical & Electronics, Packaging), Technology (Injection Molding, Blow Molding, Extrusion), & Region for 202

Molded Plastic Packaging Market Valuation – 2024-2031

Stringent laws by the government for food safety and product integrity are encouraging businesses to use sophisticated packaging options. Molded plastics are ideal for meeting these standards, assuring both product quality and consumer safety. Thus, the strict government regulations are accelerating the market size surpassing USD 69.94 Billion in 2024 to reach a valuation of USD 125.67 Billion by 2031.

The rise of online shopping is altering the packaging business, with significant implications for e-commerce packaging choices. Molded plastic packaging is increasingly popular in online retail due to its ability to protect products during transit and reduce the chance of damage. Thus, the growing online business and shopping is enabling the market to grow at a CAGR of 7.60% from 2024 to 2031.

Molded Plastic Packaging MarketDefinition/ Overview

Molded plastic packaging consists of synthetic polymers that have been molded into certain shapes or forms using a variety of molding techniques. These materials are often used to manufacture a variety of packaging products, including containers, bottles, jars, trays, and caps.

Molded plastics are synthetic materials capable of being shaped into various forms. Plastic molding techniques utilize these molded plastics to create parts and components. They can be modified by incorporating colors into their polymers. These plastics are commonly used to produce films, containers, cans, and bottles for packaging purposes. The molded plastic packaging market comprises three subsectorsMolded polyethylene terephthalate (PET), molded polyethylene (PE), and Molded polypropylene (PP). Molded plastics find applications across various industries including building and construction, automotive, electrical and electronic, packaging, and others.

PET, also known as molded polyethylene terephthalate, is frequently employed to produce hollow objects such as bottles and containers. It boasts exceptional resistance to chemicals, high temperatures, and solvents. Moreover, PET can be easily remolded and reshaped while retaining its durability even after recycling. As a sustainable option, PET is entirely recyclable and can be used to manufacture new products.

How the Increasing Demand from the Automobile Industry is Surging the Growth of Molded Plastic Packaging Market?

The increasing demand from the automobile industry globally is surging the growth of the molded plastics packaging market. Molded plastics, such as polypropylene and polystyrene, are popular for their flexibility, rigidity, and weather resistance, making them perfect for a variety of automotive components.  In addition, the packaging sector is expanding rapidly due to rising demand for consumer goods, cosmetics, and pharmaceuticals. For instance, according to the , in India in 2022-23, around 2.26 million tons of plastic packaging were covered through Extended Producer Responsibility (EPR).

In addition, plastics are increasingly being used to package food and beverages, electrical appliances, surgical equipment, and other items, which are surging the growth of molded plastic packaging.  Also, the global trend towards lightweight yet durable plastics is projected to drive market expansion. As more sectors turn to lightweight, hard plastic solutions, the need for molded plastic is expected to rise.

The increasing use of 3D printing technology in commercial applications is propelling the global expansion of 3D-printed plastic composites. These composite grades perform exceptionally well in extreme situations, including as corrosive and high temperature/pressure settings. These composite plastic grades provide improved performance by including value ads such as carbon fibers.  PA, ABS, and PC are some of the most commonly used molded polymers in 3D printing. Popular 3D printing plastic composites include PC-ABS, stainless steel-PLA, and carbon fiber-PLA. In recent years, major molded plastics manufacturers such as SABIC have entered the 3D printing plastics market through forward integration.  The growing demand for 3D printing plastic composites opens up new potential for the molded plastics sector.

How the Decreasing Percentage of Plastic Recycling is Hampering the Growth of Molded Plastic Packaging Market?

The declining percentage of plastic recycling globally is impeding the growth of molded plastic packaging market. According to the , only 5% to 6% of the 40 million tons of plastic was recycled in the United States in 2021. Approximately 36% of all plastic manufactured is used for packaging, with 85% ending up in landfills. Until recently, the United States outsourced a substantial percentage of its plastic, but import limits in countries such as China and Turkey have contributed to a reduction in recycling. Our oceans currently contain between 75 and 199 million tons of plastic.

Stringent government laws around the world are addressing concerns about plastic trash and its environmental impact. Given that plastic takes a long time to decay, with some forms being non-biodegradable, these issues are projected to stymie the growth of the worldwide molded plastic packaging market. Furthermore, increased consumer awareness of plastic usage influences market dynamics. Furthermore, volatility in the pricing of resources and raw materials used in molded plastics production impedes market growth.

Category-Wise Acumens

How the Flexibility and Low-temperature Toughness is Surging the Growth of Molded Polythene (PE) Segment in the Molded Plastic Packaging Market?

The molded polythene (PE) segment is showing significant growth in the molded plastic packaging market owing to its exceptional qualities, which include chemical and abrasion resistance, great low-temperature toughness, and flexibility, Flame, retardancy, environmental stress cracking resistance (ESCR), high load melt strength, and great stiffness. BASF and DuPont are widely acknowledged as the leading providers of PE for engineering applications.

In addition, polypropylene (PP) is frequently used due to its outstanding properties such as lightweight, shock resistance, and low friction, making it a popular material for producing gears and other components.

How the Wide Usage of Injection Molding in End-User is Surging the Growth of Injection Molding in the Molded Plastic Packaging Market?

The injection molding segment is experiencing substantial growth in the molded plastic packaging market driven by the usage of injection molding in a wide variety of end-user industries, such as automotive, packaging, and electronics.  Its automated procedure streamlines production, promoting sector growth. Manufacturers use injection molding to optimize production costs and reduce waste generated during the manufacturing process.

In addition, injection molding offers versatility and effectiveness, which is increasing the adoption of injection molding. The injection molding process is used to make a variety of products, including wire spools, packaging, bottle caps, automotive parts, toys, pocket combs, musical instrument components, chairs, tables, storage containers, mechanical parts, and other plastic items. Once the injection molds are customized to the customer’s specifications and the presses are pre-programmed, the actual molding process is much faster than alternative molding methods. Plastic injection molding’s rapid production cycle enables more parts to be created from a single mold, making it a highly cost-effective and efficient method of producing molded plastic packaging.

How the Increasing Demand for Extrusion in the Automotive and Construction Industry is Enabling the Extrusion Segment to Grow in the Molded Plastic Packaging Market During the Forecast Period?

The extrusion segment is anticipated to be the fastest-growing segment in the molded plastic packaging market during the forecast period. Extrusion technology is gaining popularity, particularly in the mass production of containers such as bottles and cans. Extrusion technology is widely used in a variety of industries, including packaging, automotive, construction, agriculture, and electronics. It provides automated procedures that reduce waste and production costs. Its adaptability and effectiveness make it a favorite choice for producers who want to increase productivity while retaining cost-effectiveness.

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Country/Region-wise Acumens

How the Rising Disposable Income and Urbanization is Surging the Growth of the Asia Pacific Molded Plastic Packaging Market?

Asia Pacific is fostering growth in the molded plastic packing market and is projected to continue its growth during the forecast period, owing to rising disposable income, population growth, and urbanization. For instance, according to the , in 2021 disposable income was estimated to be USD 3.173 Million, and in February 2024, Japan’s disposable personal income grew to USD 4.654 Million.

In February, Japan’s disposable personal income grew to 465.71 JPY thousand, up from 408.05 JPY thousand in January 2024. Standards for raw material consumption in molded plastics manufacturing, combined with the availability of low-cost labor, entice large businesses to expand their regional operations.

Furthermore, the increased use of molded plastics in industries such as automotive drives market growth in this area. Europe is also predicted to experience significant growth, driven by rising demand for molded plastic packaging in the food and beverage industries. Population expansion, urbanization, and industry all contribute to the region’s increased demand for molded plastics. Furthermore, the region benefits from less stringent rules.

How the Rising Demand for Convenience Foods is Surging the Growth of the North America Molded Plastic Packaging Market During the Forecast Period?

North America is anticipated to be the fastest growing region during the forecast period owing to the increasing urbanization and a rising demand for convenience foods. Additionally, the growing emphasis on e-commerce necessitates secure packaging solutions. Moreover, rising environmental concerns are leading to the adoption of bio-based and recycled plastic packaging options.

In Mexico, the molded plastic packaging market is buoyed by an expanding manufacturing base and increasing exports. Furthermore, the growing middle class with rising disposable income contributes to market growth. Additionally, the North American Free Trade Agreement (NAFTA) facilitates trade between the US, Canada, and Mexico, providing further impetus to the market.

Regulatory frameworks for food safety and environmental effects vary across North America. Manufacturers must adjust their products and processes to meet regional restrictions. Furthermore, consumer preferences for packaging materials and sustainability may vary by area, requiring companies to modify their offerings accordingly.

Competitive Landscape

The molded plastic packaging market offers significant growth opportunities. Companies that can innovate, adapt to changing consumer preferences and navigate the competitive landscape while addressing sustainability concerns are well-positioned for success. The growing focus on environmental responsibility is pushing manufacturers to develop eco-friendly packaging solutions. This includes using recycled content, bio-based plastics, and designing for recyclability.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the molded plastic packaging market include

• Alpha Packaging
• APEX Plastics
• Plastipak
• Sidel
• Silgan
• First American Plastic
• Graham Packaging
• Hassan Plas Packaging
• HTI Plastics
• Linpac
• R&D Molders
• Resilux, RPC
• Sonoco
• Streamline Plastic

 Molded Plastic Packaging Latest Developments

• In June 2021, LyondeliBasell announced the successful commencement of Ulsan PP Co., Ltd.’s polypropylene production facility in South Korea, with a capacity of 400 kilotons per year.
• In July 2022, INEOS inked three petrochemical deals with Sinopec (total value of USD 7 billion) to enhance its position in China.

Report Scope

Molded Plastic Packaging Market, By Category

Product

• Molded polyethylene terephthalate (PET)
• Molded polyethylene (PE)
• Molded polypropylene (PP)

Application

• Building & Construction
• Automotive
• Electrical & Electronics
• Packaging

Technology

• Injection Molding
• Blow Molding
• Extrusion

 Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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