The global plastic contract manufacturing market size is expected to reach around US$ 56.45 billion by 2030 from US$ 34.02 billion in 2021 and is expected to grow at an impressive double-digit rate of 5.8% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global plastic contract manufacturing market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 180+ Pages Research Report (Including latest research).
- Provide chapter-wise guidance on request 2022 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Precedence Research methodology.
Download Free Sample Copy Here (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1614
Report Scope of the Plastic Contract Manufacturing Market
| Report Coverage | Details |
| Market Size by 2030 | USD 56.45 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5.8% |
| Asia Pacific Market Share in 2021 | 44.5% |
| Polypropylene Segment Market Share in 2021 | 35% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Report Highlights
- Based on the product, the polypropylene segment is the fastest growing segment in the global plastic contract manufacturing market. The polypropylene is a synthetic resin made from propylene polymerization. The polypropylene is a polyolefin resin that is molded or extruded into a variety of plastic items that require flexibility, light weight, toughness, and heat resistance.
- Europe is the fastest growing region in the plastic contract manufacturing market. Europe region is the world’s greatest producer and consumer of plastics. The increased disposable income and population expansion in the region have resulted in increased domestic demand for electronic equipment, which is likely to drive the growth of the plastic contract manufacturing market.
- Asia-Pacific region is the largest segment for plastic contract manufacturing market in terms of region. The manufacturing sector in the Asia-Pacific region is influenced by abundant raw material availability, moderately priced labor costs, land availability, and significant domestic demand.
Market Dynamics
Drivers
Low overhead costs
The plastic manufacturing involves various processes starting from production to sales. The raw material is a main component for the plastic manufacturing. Apart from that, labor and equipment also include in the manufacturing process of plastic. To avoid such expenses, plastic manufacturers have started outsourcing the process to the third party. The plastic contract manufacturers help to reduce overhead costs associated to the manufacturing. In addition, the contract manufacturer also helps to reduce cost of post manufacturing service. Many of the plastic contract manufacturers also provides sales service. As a result, the low overhead costs are driving the growth of the global plastic contract manufacturing market over the projected period.
Restraints
Intellectual property risks
In the contract manufacturing industry, as in every industry, there will always be those with malicious intentions. While it is unusual, contract manufacturers have been known to steal intellectual property or sell private firm information to third parties or competitors. In some circumstances, the contract manufacturer will steal sensitive company data and use it to create its own brand. Unfortunately, if a brand or company possesses vital knowledge about another company in the same niche or industry, it might utilize it to establish itself as a worthy competitor or rival. This has resulted in the demise of several businesses. As a result, the intellectual property risks are hindering the growth of the global plastic contract manufacturing market over the projection period.
Opportunities
Scalability of products
Its difficult to scale product as a startup and small firm with limited resources. The contract manufacturers are more than capable of scaling the products because they have additional resources. If there is spike in demand or a seasonal reduction in demand, the contract manufactures can quickly scale production to meet the needs. With these adaptive tactics, the companies are able to push their products to new heights while maintaining control over demand fluctuations. Thus, this factor is creating lucrative opportunities for the growth of the global plastic contract manufacturing market.
Challenges
Lack of control
When manufacturing is outsourced, a certain amount of control is lost. Despite the fact that this loss of control is usually only an issue when something goes wrong, there are several procedures that may be taken to minimize this specific disadvantage. The contracting with a manufacturer that is not difficult to visit in person is probably the best way to relieve concerns about the loss of control. All the decisions are taken by contract manufacturers itself. The main market player is not involved in any type of the manufacturing process. As a result, lack of control is a major challenge for the growth of the plastic contract manufacturing market during the forecast period.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global plastic contract manufacturing market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global plastic contract manufacturing market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global plastic contract manufacturing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic contract manufacturing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global plastic contract manufacturing market include:
- McClarin Plastics LLC
- EVCO Plastics
- C&J Industries
- Genesis Plastics Welding
- Plastikon Industries Inc.
- PTI Engineered Plastics Inc.
- Mack Molding
- Natech Plastics Inc.
- Rosti Group AB Inc.
- Baytech Plastics
Market Segmentation:
By Product
- Polypropylene
- Acrylonitrile Butadiene Styrene (ABS)
- Polyethylene
- Polystyrene
- Others
By Application
- Medical
- Aerospace & Defense
- Automotive
- Consumer Goods & Appliances
- Others
Regional Analysis:
The geographical analysis of the global plastic contract manufacturing market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global plastic contract manufacturing Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global plastic contract manufacturing market in 2030?
- What is the expected CAGR for the plastic contract manufacturing market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global plastic contract manufacturing market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plastic Contract Manufacturing Market
5.1. COVID-19 Landscape: Plastic Contract Manufacturing Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plastic Contract Manufacturing Market, By Product
8.1. Plastic Contract Manufacturing Market, by Product Type, 2022-2030
8.1.1. Polypropylene
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Acrylonitrile Butadiene Styrene (ABS)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Polyethylene
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Polystyrene
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Plastic Contract Manufacturing Market, By Application
9.1. Plastic Contract Manufacturing Market, by Application, 2022-2030
9.1.1. Medical
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Aerospace & Defense
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Automotive
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Consumer Goods & Appliances
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Plastic Contract Manufacturing Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. McClarin Plastics LLC
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. EVCO Plastics
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. C&J Industries
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Genesis Plastics Welding
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Plastikon Industries Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. PTI Engineered Plastics Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Mack Molding
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Natech Plastics Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Rosti Group AB Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Baytech Plastics
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1614
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
0 Comments