Extruded Plastics Market is estimates to touch a size of USD 281 billion by 2025 while extracting 4% CAGR over the forecast period (2019-2027). The demand for extruded plastics in packaging, consumer goods, food & beverages, and medical products can drive the market growth exponentially. Changing lifestyle of consumers, high disposable income levels, and the large population have created a demand for packaged products which can boost the extruded plastics market.

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Manufacture of cladding panels, windows, insulation wires, pipes, and cables due to lightweight and durable nature of plastics can fuel the market. Investments in infrastructural projects due to rapid urbanization and development schemes rolled out by governments for boosting regional tourism is likely to bode well for the extruded plastics market.

But fluctuations in raw material prices can impede the market growth.

Competitive Outlook

Berry Global Inc., Chevron Phillips Chemical Company, Bemis Company Inc., Atlantis Plastics Inc., SABIC, Saint-Gobain Performance Plastics, Formosa Plastics Corporation, Sigma Plastics Group, Exxon Mobil Corporation, JM EAGLE INC., and DuPont de Nemours Inc., are some of the key players in the global extruded plastics market. Expansions, mergers, and acquisitions are major strategies employed by these players to gain leverage over the competition.

Segmentation Analysis

The global Extruded Plastics Market is segmented by type, form, and end-use industry.

By type, it is segmented into polycarbonate, polystyrene, polypropylene, low density polyethylene, high density polyethylene, polyvinyl chloride, acrylonitrile butadiene styrene, and others. Low density polyethylene is expected to exhibit a strong growth rate during the forecast period. Its break resistance and demand in plastic containers and associated products can keep the segment buoyant till 2025

By form, it is segmented into wires & cables, sheets, pipes, tubes, films, and others.

By end-use industry, it is segmented into packaging, building & construction, electrical & electronics, automotive, consumer goods, medical, and others. The building & construction sector can be lucrative for the market due to the use of windows, pipes, and other interior components.