Plastic Market Research Report

  The global  plastic market  size is anticipated to reach   USD 645.1 billion by 2030 , according to a new study by Grand View Research, Inc., growing at a CAGR of 4.2% from 2024 to 2030. Increasing automotive production and subsequent rise in plastics consumption in automotive component fabrication because of regulatory policies pertaining to vehicular weight reduction and fuel efficiency are expected to drive the market over the forecast period. Plastics facilitate fuel saving in automotive applications on account of reduced car weight and density as compared to conventional materials, such as metals or rubber. Since the last decade, there has been a substantial demand for the product as a replacement for metals and ferrous alloys across various industries, such as consumer goods, automotive, and industrial machinery.   The growth of the market criticality lies in various factors, such as the ever-increasing requirement of end-users in terms of product specification and versatility

  3D Printing Plastics Industry Overview The global 3D printing plastics market size was estimated at USD 972.1 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.0% from 2023 to 2030. Ease in customized product development, coupled with favorable government investments are likely to augment the market growth over the coming years. In addition, rising demand from end user industries such as automotive, medical, aerospace & defense are likely to drive the market demand. Recent developments in the additive manufacturing industry have created huge avenues for the automotive industry. It has facilitated the development of innovative, stronger, lighter and safer components and parts with lesser lead times as well as costs. The OEMs mainly utilized 3D printing for rapid prototyping. Thus, the rising product demand in the automotive industry is expected to fuel the market growth in coming years. Gather more insights about the market drivers, restrains a

  Molded Pulp Packaging Industry Overview The global molded pulp packaging market size was estimated at USD 5.45 billion in 2023 and is expected to grow at a CAGR of 7.4% from 2024 to 2030. Factors attributing to market growth include increasing demand for sustainable & eco-friendly packaging solutions and increasing demand from end-use industries such as food packaging, healthcare, food service, electronics, and others. Manufacturers are striving for maintain healthy competitive environment across market space by implementing various strategies. For instance, in July 2023, Tekni-Plex, Inc. announced opening of their facility in Ohio, for manufacturing of specialty molded pulp products, especially fiber-based egg cartons. Gather more insights about the market drivers, restrains and growth of the  Molded Pulp Packaging Market Food packaging and foodservice industries together dominated North American molded pulp packaging market. This dominance can be correlated to huge demand for p

    Pharmaceutical Packaging Industry Overview The global pharmaceutical packaging market size was valued at USD 139.37 billion in 2023 and is expected to grow a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030.The enormous growth of the pharmaceutical sector is one of the primary growth factors for the pharmaceutical packaging sector. The pharmaceutical business has been expanding quickly in recent years due to scientific and technological advancements, and this trend is predicted to continue over the projection period, particularly in developing nations like China, India, Saudi Arabia, and Brazil. Gather more insights about the market drivers, restrains and growth of the  Pharmaceutical Packaging Market The U.S. accounted for the largest pharmaceutical market worldwide. Large healthcare system, high per capita income, and large investments in drug development in the country are some of the key factors driving the U.S. market. Furthermore, growing importance of generic dru

  Caps And Closures Industry Overview The global caps and closures market size was estimated at USD 74.64 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.Growing demand for various food products and alcoholic and non-alcoholic beverages is anticipated to trigger market growth. Caps and closures act as a barrier and prevent packaged contents from getting exposed to ambient air and dust particles and allow easy dispensing. Caps and closures have applications in several other end-use industries, such as healthcare, personal care, home care, and automotive. Rising awareness about the benefits of healthy eating is likely to boost the demand for dietary supplements, which in turn is expected to further drive demand for packaging products. Gather more insights about the market drivers, restrains and growth of the  Caps And Closures Market Council for Responsible Nutrition (CRN), a leading trade association representing dietary suppl

The rising penetration of electrical and appliances, automotive, furniture, and other sectors has fueled   polyurethane market   growth. The demand for polyurethane (PU) is high, considering its widespread use in various settings such as homes, corporate offices, cars, leisure, and sports activities. This material possesses features of rigidity and flexibility, creating a wide array of opportunities for its use in different manufacturing industries. Moreover, the rising research and development efforts from manufacturers are positively impacting the demand for polyurethane. The advent of technology such as nano-technology brings tremendous scope for the production of polyurethane. Modernization is transforming people’s lives at a faster pace due to which people are more inclined to flexible, long-lasting, and environment-friendly materials to fulfill the needs of day-to-day life. Polyurethane finds its application in daily essentials, including refrigerators, building insulators, furni