Extruded Plastics Market Size Poised To Reach USD 221.18 Billion By 2030


 San Francisco, 23 December 2024: The Report Extruded Plastics Market Size, Share & Trends Analysis Report By Material (PE, PVC, PS, PC), By End-use (Construction, Automotive), By Application, By Region, And Segment Forecasts, 2024 - 2030

The global extruded plastics market size to reach USD 221.18 billion by 2030 and is expected to grow at a CAGR of 3.9% from 2024 to 2030. The demand for extruded plastics is driven by the increasing adoption in various application industries, including packaging, building & construction, electrical & electronics, automotive & transportation, healthcare, aerospace, and others. The growing market for e-commerce and online retail drives the growth of the U.S. market. The rise in online shopping activities has increased the requirement for effective and secure packaging to protect goods during transit. With its flexibility and durability, polyethylene is essential for packaging applications in the e-commerce sector.

The growing popularity of online retail platforms and growing requirements for sustainable packaging solutions offer opportunities for polyethylene manufacturers to meet specific demands of the e-commerce sector. According to the U.S. Department of Commerce, e-commerce sales reached USD 1.04 trillion in 2022, representing an 8.5% annual increase. Despite the growth rate being less than half that of the previous year and the slowest in a decade, the surge fueled total sales beyond the USD 1 trillion milestone. Global e-commerce sales projections indicate a staggering USD 6.3 trillion worldwide in 2024. This persistent upward trend underscores the sustained appeal & profitability of the e-commerce business model, making it an increasingly attractive option for the packaging industry.

Access Research Report of Extruded Plastics Market @ https://www.grandviewresearch.com/industry-analysis/extruded-plastics-market-report

Key Extruded Plastics Company Insights

Key companies are adopting several organic and inorganic expansion strategies, such as mergers & acquisitions, new product launches, capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

  • In July 2023, LyondellBasell acquired Mepol Group, one of the leading manufacturers of recycled, high-performing technical compounds located in Italy and Poland
  • In May 2023, Repsol took a significant stride in environmental responsibility by introducing bio-based plastics. This move is specifically aimed at minimizing carbon footprint within the medical sector, showcasing Repsol's dedication to making a positive impact on sustainability within crucial industries like healthcare

Key Extruded Plastics Companies:

The following are the leading companies in the extruded plastics market. These companies collectively hold the largest market share and dictate industry trends.

  • LyondellBasell
  • Repsol
  • Berry Global Inc.
  • JM Eagle, Inc.
  • Engineered Profiles LLC
  • Bemis Company Inc.
  • Amcor Limited
  • Sealed Air Corporation
  • Formosa Plastics Corporation
  • Saudi Basic Industries Corp. (SABIC)
  • Compagnie de Saint-Gobain S.A.
  • Sigma Plastics Group

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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