Plastic Contract Manufacturing Market Top Manufacturer Analysis, Industry Overview and Forecast Report till 2028

San Francisco, California , USA, Aug 04, 2022 — /EPR Network/ —

Plastic Contract Manufacturing Industry Overview

The global plastic contract manufacturing market size was valued at USD 29.61 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2020 to 2028.

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.

Gather more insights about the market drivers, restrains and growth of the Global Plastic Contract Manufacturing market

The spread of the COVID-19 has resulted in increased hospitalizations in the U.S., resulting in an increased demand for medical devices. This has also resulted in an increased demand for drugs and healthcare services. The high demand for healthcare services along with medical devices is anticipated to boost the market growth in the U.S. over the forecast period. Innovations in the electronics industry to produce lightweight, user-friendly, and better-quality products are anticipated to have a positive impact on the market growth.

As the household appliances market is highly competitive, manufacturers are continuously making efforts to develop innovative low-cost product designs that offer improved performance to tap consumer attention. Technical know-how and adequate availability of raw materials are expected to reduce barriers for new players in the global market.

However, high initial capital investments and increased requirements of establishing good relations with raw material suppliers are expected to restrict the entry of new players into the market. Thus, the threat of new entrants is expected to be moderate. In-house manufacturing is one of the alternatives used by companies. However, the requirement of large capital to set up plastic molding facilities and the rapidly changing manufacturing technologies are expected to have a positive effect on the market growth.

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

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Plastic Contract Manufacturing Market Segmentation

Grand View Research has segmented the global plastic contract manufacturing market on the basis of product, application, and region:

  • Plastic Contract Manufacturing Product (Revenue, USD Million, 2017 – 2028)
    • Polypropylene
    • ABS
    • Polyethylene
    • Polystyrene
    • Others
  • Plastic Contract Manufacturing Application (Revenue, USD Million, 2017 – 2028)
    • Medical
    • Aerospace & Defense
    • Automotive
    • Consumer Goods & Appliances
    • Others
  • Plastic Contract Manufacturing Regional Outlook (Revenue, USD Million, 2017 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central and South America
    • Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Plastic Contract Manufacturing market include

  • 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.

Order a free sample PDF of the Plastic Contract Manufacturing Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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