Product Code: PLS051H
The global market for medical plastics is estimated to increase from $25.6 billion in 2023 to reach $41.2 billion by 2028, at a compound annual growth rate (CAGR) of 10.0% from 2023 through 2028.
The global market for plastic compounding is estimated to increase from $57.8 billion in 2023 to reach $80.3 billion by 2029, at a CAGR of 5.8% from 2024 through 2029.
The global market for plastic recycling is estimated to increase from $41.9 billion in 2023 to reach $57.9 billion by 2029, at a CAGR of 6.4% from 2024 through 2029.
Research Review Scope
Plastic is among the global manufacturing sector's most critical elements and strengths. It is one of the key contributors to the economy and offers vast employment opportunities, too. Products comprising plastics have become essential daily, ranging from packaging materials to household goods. It is also popularly employed throughout the automotive and construction sector owing to its highly versatile, durable, and lightweight nature. In addition, plastic products are cost-effective and can be manufactured in large volumes at a relatively low cost.
The overall plastics industry comprises activities concerned with converting thermosetting and thermoplastic polymers, including the compounding or recycling and fabrication of articles or parts of articles wholly or largely made of such polymers into flexible, rigid, or semi-rigid forms. These can be extruded, blown, molded, injected, cast, formed, coated, compression molded, or rotation molded.
Plastics also enormously contribute to environmental sustainability via their inherent recyclability, energy-saving potential, and energy recovery options. The global plastics market has undergone major transformations in recent years, driven by a growing awareness of environmental issues, evolving consumer preferences, and regulatory changes. Amid rising stringency in environmental regulations globally, the need to become a sustainable circular economy as soon as possible is gaining major attention. Key trends shaping the plastic industry include a shift towards bioplastics derived from renewable sources, including sugarcane, corn starch, and algae, adopting advanced recycling technologies, circular economy initiatives, and focusing on lightweighting.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2024 Research Review of Plastics provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2024:
- PLS009L Medical Plastics: Global Markets
- PLS018H Global Market for Plastics Compounding
- PLS031E Plastics Recycling: Global Markets
- PLS089D Plastic Injection Molding: Global Markets and Technologies
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
Table of Contents
Chapter 1 Foreword
Chapter 2 Medical Plastics: Global Markets (PLS009L)
- Medical Plastics: Global Markets
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of the Report
- Information Sources
- Summary and Highlights
- Market Outlook
- Market Summary
- Market Overview of Medical Plastics
- Trends in Healthcare
- Polymers Used in Medical Devices
- Summary of Resin Usage in Medical Devices
- Market Dynamics of Medical Plastics
- Market Driver
- Market Challenge
- Supply Chain Analysis
- Regulatory Landscape
- Porter's Five Forces Analysis
- Emerging Technologies of Medical Plastics Global Markets
- Technology Trends
- Bioplastics in Medical Industry
- New Product and Technology Development
- Market Breakdown of Medical Plastics, by Application
- Market for Medical Plastics by Application
- Market Size and Forecast
- Non-disposable Medical Devices
- Disposable Medical Devices
- Market Breakdown of Medical Plastics, by Region
- North America
- Europe
- Asia-Pacific
- Rest of World
- Sustainability in Medical Plastics Industry: An ESG Perspective
- Importance of ESG in the Medical Plastics Industry
- ESG Ratings and Metrics: Understanding the Data
- ESG Practices in the Medical Plastics Industry
- Current Status of ESG in the Market for Medical Plastics
- Case Studies: Examples of Successful ESG Implementation
- Future of ESG: Emerging Trends and Opportunities
- Concluding Remarks from BCC Research
Chapter 3 Global Market for Plastics Compounding (PLS018H)
- Global Market for Plastics Compounding
- Market Outlook
- Scope of Report
- Market Summary
- Market Overview of Plastics Compounding
- Market Definition
- Process of Plastic Compounding
- Plastic Compounding Analysis
- Market Dynamics of Plastics Compounding
- Market Driver
- Market Restraint
- Market Opportunity
- Emerging Technologies and Developments of Plastics Compounding
- New Technologies
- Market Analysis of Plastics Compounding, by Source
- Fossil-Based
- Recycled
- Bio-Based
- Market Analysis of Plastics Compounding, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Sustainability in Plastic Compounding Industry: An ESG Perspective
- Key ESG Issues in the Plastic Compounding Sector
- Plastic Compounding Industry ESG Performance Analysis
- Consumer Attitudes Toward ESG in the Plastic Compounding Market
- Concluding Remarks from BCC Research
Chapter 4 Plastics Recycling: Global Markets (PLS031E)
- Plastics Recycling Global Markets
- Market Outlook
- Scope of Report
- Market Summary
- Market Overview of Plastics Recycling
- Background
- PESTLE Analysis
- Porter's Five Forces Analysis
- Supply Chain Analysis
- Market Dynamics of Plastics Recycling
- Market Driver
- Market Restraint
- Market Challenge
- Market Opportunity
- Emerging Technologies and Developments of Plastics Recycling
- Emerging Technologies
- Market Analysis of Plastics Recycling, by End-Use Industry
- Packaging
- Construction
- Transportation
- Other End-Use Industries
- Market Analysis of Plastics Recycling, by Region
- Asia-Pacific
- Europe
- North America
- Rest of the World
- Sustainability in Global Plastic Recycling Market: An ESG Perspective
- ESG in the Plastic Recycling Industry
- ESG Issues in the Plastic Recycling Industry
- ESG Ratings and Metrics
- ESG Practices in the Market
- Status of ESG in Plastic Recycling Industry
Chapter 5 Plastic Injection Molding: Global Markets and Technologies (PLS089D)
- Plastic Injection Molding Global Markets and Technologies
- Market Outlook
- Scope of Report
- Market Summary
- Market Overview of Plastic Injection Molding
- Market Definition
- Background
- Porter's Five Forces Analysis
- Supply Chain Analysis
- PESTLE Analysis
- SWOT Analysis
- Market Dynamics of Plastic Injection Molding
- Market Driver
- Market Challenge
- Market Restraint
- Market Opportunity
- Emerging Technologies and Developments of Plastic Injection Molding
- An Overview of the Current Innovations in Plastic Injection Molding Technology
- Key Innovations in Injection Molding Technology
- Market Analysis of Plastic Injection Molding, by Type
- Polypropylene (PP)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyethylene (PE)
- Others
- Market Analysis of Plastic Injection Molding, by Region
- Asia-Pacific (APAC)
- North America
- Europe
- Rest of the World (RoW)
- Sustainability in Plastic Injection Molding Market: ESG Perspective
- Significance of ESG Goals in the Global Plastic Injection Molding Market
- Key ESG Issues in the Market
- ESG Ratings and Metrics
- ESG Practices in the Market
- Current Status of ESG in the Global Plastic Injection Molding Market
- Conclusion
Chapter 6 Appendix
- Methodology
- Analyst's Credentials