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Global Plastic Contract Manufacturing Market Size, Share, & Trends Analysis Report by Product (Polypropylene, ABS, Polyethylene, Polystyrene, Others), Application (Medical, Aerospace & Defense, Automotive), Region, and Segment Forecasts, 2023-2030

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    Report

  • 115 Pages
  • December 2023
  • Region: Global
  • Grand View Research
  • ID: 4396402
Description Jump to:
The global plastic contract manufacturing market size is expected to reach USD 45.11 billion by 2030, registering a CAGR of 5.1% over the forecast period. Plastic is required by various end-use industries due to which, several end-users prefer to outsource plastic components as it reduces their production cost. This is expected to drive market growth over the forecast period. Polypropylene and polyethylene are increasingly being used for the production of medical devices. The growing demand for improved healthcare facilities and the rising number of hospitals have augmented the growth of the medical devices sector worldwide. The growing sales of medical devices are expected to be beneficial for the market growth.

Plastics can be easily molded into desired shapes using techniques, such as injection molding or 3D printing. Thus, manufacturers in the consumer electronics industry have exhibited a rising affinity towards contract manufacturing of their plastic components to decrease production costs, which is expected to contribute to the industry growth. Key players are investing to enhance manufacturing capabilities and efficiencies to improve profit margin. For instance, in April 2021, EVCO Plastics expanded its manufacturing space by purchasing a new plant by up to 500 tons capacity in Georgia, U.S. for 20 injection molding machines, thereby enhancing its medical capabilities.

Plastic Contract Manufacturing Market Report Highlights

  • Polypropylene accounted for over 34.5% of the global revenue share in 2022 attributed to its increased usage in the manufacturing of automotive components, packaging & labeling, medical devices, and diverse laboratory equipment
  • The medical application segment is expected to witness the fastest CAGR from 2023 to 2030 owing to the growing complexities in the engineering and designing of the products
  • Asia-Pacific accounted for the maximum revenue share in 2022 owing to the rapid growth of the manufacturing sector as a result of abundant availability of raw materials, cheap labor cost, and high domestic demand
  • The demand India is expected to witness a lucrative CAGR from 2023 to 2030 owing to rapidly growing markets for aerospace, medical devices, automotive, as well as consumer goods
  • Companies including CJ Industries, EVCO Plastics, Plastikon, McClarin Plastics, and Nordon cater to the contract manufacturing for various industries and have capabilities in various technologies, such as injection molding, roto-molding, and thermoforming


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Plastic Contract Manufacturing Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Plastic Contract Manufacturing Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Plastic Contract Manufacturing: Product Estimates & Trend Analysis
5.1. Plastic Contract Manufacturing Market: Key Takeaways
5.2. Plastic Contract Manufacturing Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Polypropylene
5.3.1. Polypropylene market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. ABS
5.4.1. ABS market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Polyethylene
5.5.1. Polyethylene market estimates and forecasts, 2018 to 2030 (USD Million)
5.6. Polystyrene
5.6.1. Polystyrene market estimates and forecasts, 2018 to 2030 (USD Million)
5.7. Others
5.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Plastic Contract Manufacturing: Application Estimates & Trend Analysis
6.1. Plastic Contract Manufacturing Market: Key Takeaways
6.2. Plastic Contract Manufacturing Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Medical
6.3.1. Medical market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Aerospace & Defense
6.4.1. Aerospace & defense market estimates and forecasts, 2018 to 2030 (USD Million)
6.5. Consumer Goods and Appliances
6.5.1. Consumer goods and appliances market estimates and forecasts, 2018 to 2030 (USD Million)
6.6. Automotive
6.6.1. Automotive market estimates and forecasts, 2018 to 2030 (USD Million)
6.7. Others
6.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Plastic Contract Manufacturing Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Plastic Contract Manufacturing Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.4. Europe
7.4.1. Germany
7.4.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.4.2. UK
7.4.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.4.6. Russia
7.4.6.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5. Asia-Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.4. Australia
7.5.4.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.5. South Korea
7.5.5.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.6. Thailand
7.5.6.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.7. Indonesia
7.5.7.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.5.8. Malaysia
7.5.8.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.6. Central & South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
7.7.3. UAE
7.7.3.1. Market estimates and forecasts, 2018-2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. McClarin Plastics, LLC
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. EVCO Plastics
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. C&J Industries
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Plastikon Industries, Inc.
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. RSP, Inc.
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Mack Molding
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Tessy Plastics
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Inzign Pte Ltd.
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Genesis Plastics Welding
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. Baytech Plastics
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 North America plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 3 North America plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 4 North America plastic contract manufacturing market, by region, 2018-2030 (USD Million)
Table 5 U.S. plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 6 U.S. plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 7 Canada plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 8 Canada plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 9 Mexico plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 10 Mexico plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 11 Europe plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 12 Europe plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 13 Europe plastic contract manufacturing market, by region, 2018-2030 (USD Million)
Table 14 Germany plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 15 Germany plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 16 UK plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 17 UK plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 18 France plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 19 France plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 20 Italy plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 21 Italy plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 22 Spain plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 23 Spain plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 24 Russia plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 25 Russia plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 26 Asia-Pacific plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 27 Asia-Pacific plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 28 Asia-Pacific plastic contract manufacturing market, by region, 2018-2030 (USD Million)
Table 29 China plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 30 China plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 31 Japan plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 32 Japan plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 33 India plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 34 India plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 35 Australia plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 36 Australia plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 37 Thailand plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 38 Thailand plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 39 South Korea plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 40 South Korea plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 41 Indonesia plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 42 Indonesia plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 43 Malaysia plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 44 Malaysia plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 45 Central & South America plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 46 Central & South America plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 47 Central & South America plastic contract manufacturing market, by region, 2018-2030 (USD Million)
Table 48 Brazil plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 49 Brazil plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 50 Argentina plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 51 Argentina plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 52 Middle East and Africa plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 53 Middle East and Africa plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 54 Middle East and Africa plastic contract manufacturing market, by region, 2018-2030 (USD Million)
Table 55 South Africa plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 56 South Africa plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 57 Saudi Arabia plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 58 Saudi Arabia plastic contract manufacturing market, by application, 2018-2030 (USD Million)
Table 59 UAE plastic contract manufacturing market, by product, 2018-2030 (USD Million)
Table 60 UAE plastic contract manufacturing market, by application, 2018-2030 (USD Million)
List of Figures
Figure 1 Market research process
Figure 2 Data triangulation techniques
Figure 3 Primary research pattern
Figure 4 Market research approaches
Figure 5 Value-chain-based sizing & forecasting
Figure 6 QFD modeling for market share assessment
Figure 7 Market formulation & validation
Figure 8 Plastic contract manufacturing: Market outlook
Figure 9 Plastic contract manufacturing: Competitive insights
Figure 10 Parent market outlook
Figure 11 Related/ancillary market outlook
Figure 12 Penetration and growth prospect mapping
Figure 13 Industry value chain analysis
Figure 14 Plastic contract manufacturing market driver impact
Figure 15 Plastic contract manufacturing market restraint impact
Figure 16 Plastic contract manufacturing market strategic initiatives analysis
Figure 17 Plastic contract manufacturing market: Product movement analysis
Figure 18 Plastic contract manufacturing market: Product outlook and key takeaways
Figure 19 Polypropylene market estimates and forecasts, 2018-2030
Figure 20 ABS market estimates and forecasts, 2018-2030
Figure 21 Polyethylene market estimates and forecasts, 2018-2030
Figure 22 Polystyrene market estimates and forecasts, 2018-2030
Figure 23 Others market estimates and forecasts, 2018-2030
Figure 24 Plastic contract manufacturing market: Application movement analysis
Figure 25 Plastic contract manufacturing market: Application outlook and key takeaways
Figure 26 Medical market estimates and forecasts, 2018-2030
Figure 27 Aerospace & defense market estimates and forecasts, 2018-2030
Figure 28 Automotive market estimates and forecasts, 2018-2030
Figure 29 Consumer goods and appliances market estimates and forecasts, 2018-2030
Figure 30 Others market estimates and forecasts, 2018-2030
Figure 31 Global plastic contract manufacturing market: Regional movement analysis
Figure 32 Global plastic contract manufacturing market: Regional outlook and key takeaways
Figure 33 North America market estimates and forecasts, 2018-2030
Figure 34 U.S. market estimates and forecasts, 2018-2030
Figure 35 Canada market estimates and forecasts, 2018-2030
Figure 36 Mexico market estimates and forecasts, 2018-2030
Figure 37 Europe market estimates and forecasts, 2018-2030
Figure 38 UK market estimates and forecasts, 2018-2030
Figure 39 Germany market estimates and forecasts, 2018-2030
Figure 40 France market estimates and forecasts, 2018-2030
Figure 41 Italy market estimates and forecasts, 2018-2030
Figure 42 Spain market estimates and forecasts, 2018-2030
Figure 43 Russia market estimates and forecasts, 2018-2030
Figure 44 Asia-Pacific market estimates and forecasts, 2018-2030
Figure 45 Japan market estimates and forecasts, 2018-2030
Figure 46 China market estimates and forecasts, 2018-2030
Figure 47 India market estimates and forecasts, 2018-2030
Figure 48 Australia market estimates and forecasts, 2018-2030
Figure 49 Thailand market estimates and forecasts, 2018-2030
Figure 50 South Korea market estimates and forecasts, 2018-2030
Figure 51 Indonesia market estimates and forecasts, 2018-2030
Figure 52 Malaysia market estimates and forecasts, 2018-2030
Figure 53 Central & South America market estimates and forecasts, 2018-2030
Figure 54 Brazil market estimates and forecasts, 2018-2030
Figure 55 Argentina market estimates and forecasts, 2018-2030
Figure 56 Middle East and Africa market estimates and forecasts, 2018-2030
Figure 57 Saudi Arabia market estimates and forecasts, 2018-2030
Figure 58 South Africa market estimates and forecasts, 2018-2030
Figure 59 UAE market estimates and forecasts, 2018-2030

Companies Mentioned

  • McClarin Plastics, LLC
  • EVCO Plastics
  • C&J Industries
  • Plastikon Industries, Inc.
  • RSP, Inc.
  • Mack Molding
  • Tessy Plastics
  • Inzign Pte Ltd.
  • Genesis Plastics Welding
  • Baytech Plastics

Methodology

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Table Information

Report AttributeDetails
No. of Pages115
PublishedDecember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 30.37 Billion
Forecasted Market Value ( USD ) by 2030 $ 45.11 Billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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