Use of Extruded Plastics In Packaging In Coming Years to Drive the Global Market

Market Research Future (MRFR) will be publishing a cooked research report on “Global Extruded Plastics Market” that contains the information from 2023 - 2030. 

MRFR recognizes the following companies as the key players in the global extruded plasticsmarket—Amcor plc, Berry Global Inc., Saudi Basic Industries Corporation (SABIC), DuPont de Nemours, Inc., Exxon Mobil Corporation, Saint-Gobain, Formosa Plastics Corporation, Chevron Phillips Chemical Company, Atlantis Plastics, Inc., Sigma Plastics Group, among others.

Market Highlights

Extruded Plastics Market Size was valued at USD 245.01 Billion in 2022 and is projected to grow from USD 240.22 Billion in 2023 to USD 262.90 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.4% during the forecast period (2023 - 2030).

Extruded plastics are plastics that have been through the extrusion process and come in various shapes and sizes. Extrusion is a high-volume production method. Heat is used to melt the plastic material, which is then extruded through the die into the desired form. Within the barrel is a cylindrical revolving screw that pushes molten plastic material through a die. The cross-section of the die determines the shape of the extruded material.

The extensive demand for extruded plastics as a packaging material for food & beverage, medical, pharmaceutical, and cosmetics & personal care is one of the primary drivers of the global extruded plastics market. Extruded plastics are in high demand in the construction industry due to rapid industrialization and urbanization around the world.Furthermore, due to growing environmental concerns about fuel emissions, demand for lightweight vehicles is increasing.

Covid Impact Analysis

The outbreak of COVID-19 has had a negative impact on the production of extruded plastics due to the disruption in the supply chain across the globe. In response, to protect workers from the spread of the new coronavirus, the companies in the market have restricted travel and face-to-face meetings for the employees. Additionally, the transition by major players in this market to support the need for medical products is a key factor impacting the growth of the market. The supply scenario is facing few issues due to the restrictions on travel and the lockdown of cities; however, the sourcing teams are working closely with the suppliers to manage the supply of raw materials proactively. Companies are closely monitoring and managing the extent and duration of any local requirements impacting their physical locations. Lower global demand and reduced operations have caused a decline in certain minerals and metals, having a negative impact on the global market. However, the use of extruded plastics in the pharmaceuticals and food & beverage industries has stabilized the demand during the pandemic.

Segment Analysis

The globalextruded plasticsmarket has been segmentedon the basis oftype, form, end-use, and region.

Based on type, the global extruded plastics market is segregated into low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene, polystyrene, polyvinyl chloride, acrylonitrile butadiene styrene, polycarbonate, and others. Among these, the polyvinyl chloride segment emerged as the leading and fastest-growing segment. It is a popular choice because of its abrasion resistance, lightweight, mechanical strength, and durability. PVC is easy to cut, form, weld, and connect in a number of ways. Its light weight makes it easier to handle by hand.

The market is divided into films, sheets, pipes & tubes, wires & cables, and others based on their form. The film segment was the largest form category of the global extruded plastics market in 2020. Food packaging, agricultural, and building applications all use extruded films. Electrical fabrication, photographic film, and landscaping are among the other applications.

The market is divided into packaging, building & construction, automobile, consumer goods, electrical & electronics, medical, and others based on end-use industry. By 2028, the packaging segment is projected to grow at the fastest rate. Food containers, plastic tubes, barrels, cans, toy balls, oil bottles, chemical containers, and drug bottles are all examples of plastic packaging applications.

Key Findings of the Study:

• The global extruded plastics market is predicted to attain a value of USD 341,214.93million by 2028,with a CAGR of around 4.70% during the forecast period of 2023 - 2030.


• Asia-Pacific accounted for the largest market share in 2020; this can be attributed to the rapid industrial growth and the improving economic conditions of consumers in this region. Changing eating habits promote the demand for packaged food resulting in the high demand for plastic extrusion products.


• Asia-Pacific is expected to be the fastest-growing regional market. This is due to the rapid industrialization and growing urbanization—especially in the personal care and pharmaceutical industries—in developing economies such as China, Japan, and Southeast Asian Countries.


• North America was the second-largest market of extruded plastics in 2020.The automotive industry is booming in the region. Polyolefin fills the gap for producing lightweight vehicles in the automotive industry and is anticipated to see growth during the forecast for this region.


• Anincrease in construction activities is expected to drive the product demand in Latin America during the forecast period. Moreover, the infrastructural hub present in GCC, the UAE, and Saudi Arabia is projected to drive the demand for extruded plastics in the Middle East & Africa market.