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PUBLISHER: IMARC | PRODUCT CODE: 1347520
PUBLISHER: IMARC | PRODUCT CODE: 1347520
Plastic Contract Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global plastic contract manufacturing market size reached US$ 34.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.21% during 2023-2028.
Plastic contract manufacturing refers to a method of producing plastic by hiring another firm to create components or final products. In this process, contact manufacturers determine the raw material, the amount of time required, design specifications and certification requirements to customize and develop the product according to their specific size, design, and need. They also outsource particular parts of the production process, which reduces the cost for end users. The plastic contract manufacturing process enables efficient manufacturing, thereby enhancing the supply chain performance of the producer. In recent years, plastic contract manufacturing has gained traction as it provides a knowledge base, offloads work, and reduces production costs. It also saves the organizations from investing in new production facilities, tools and equipment, and staff training procedures.
Plastic Contract Manufacturing Market Trends:
The increasing demand for consumer electronics, such as smartphones, wearable devices, televisions, computers, laptops, cameras, and video recorders, represents one of the key factors driving the growth of the market. The use of plastic in the production of medical devices due to the increasing number of medical tests performed for the diagnosis of diseases has also propelled the market growth. Plastics, such as polyvinylchloride (PVC), polyethylene (PE), polypropylene (PP), and engineering plastics are increasingly used to manufacture medical devices. Moreover, manufacturers are rapidly adopting contract manufacturing as it offers various advantages such as integrated design, rapid prototyping, streamlined production trials and reduced cost of plastic production. Furthermore, contract manufacturing allows the OEMs to focus on other crucial business aspects, including increasing sales, strategic planning, marketing, and customer services, resulting in steady production and efficient supply chain management. These factors are expected to create a positive outlook for the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global plastic contract manufacturing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, process and application.
Breakup by Product:
Polypropylene
ABS
Polyethylene
Polystyrene
Others
Breakup by Process:
Injection Molding
CNC Machining
3D Printing
Others
Breakup by Application:
Consumer Goods and Appliances
Medical
Aerospace and Defense
Automotive
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baytech Plastics Inc., C&J Industries, EVCO Plastics, Genesis Plastics Welding, Gregstrom Corporation, Inzign Pte. Ltd., Mack Group, McClarin Composites, Nolato AB, Plastion Industries Inc., RSP Inc. and Tessy Plastics Corporation.
Key Questions Answered in This Report:
- How has the global plastic contract manufacturing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global plastic contract manufacturing market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the process?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global plastic contract manufacturing market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5730
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Plastic Contract Manufacturing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Polypropylene
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 ABS
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polyethylene
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Polystyrene
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Process
- 7.1 Injection Molding
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 CNC Machining
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 3D Printing
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Consumer Goods and Appliances
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Medical
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aerospace and Defense
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Automotive
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Baytech Plastics Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 C&J Industries
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 EVCO Plastics
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Genesis Plastics Welding
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Gregstrom Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Inzign Pte. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Mack Group
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 McClarin Composites
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Nolato AB
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Plastion Industries Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 RSP Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Tessy Plastics Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Baytech Plastics Inc.
Product Code: SR112023A5730
List of Figures
- Figure 1: Global: Plastic Contract Manufacturing Market: Major Drivers and Challenges
- Figure 2: Global: Plastic Contract Manufacturing Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Plastic Contract Manufacturing Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Plastic Contract Manufacturing Market: Breakup by Product (in %), 2022
- Figure 5: Global: Plastic Contract Manufacturing Market: Breakup by Process (in %), 2022
- Figure 6: Global: Plastic Contract Manufacturing Market: Breakup by Application (in %), 2022
- Figure 7: Global: Plastic Contract Manufacturing Market: Breakup by Region (in %), 2022
- Figure 8: Global: Plastic Contract Manufacturing (Polypropylene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Plastic Contract Manufacturing (Polypropylene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Plastic Contract Manufacturing (ABS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Plastic Contract Manufacturing (ABS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Plastic Contract Manufacturing (Polyethylene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Plastic Contract Manufacturing (Polyethylene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Plastic Contract Manufacturing (Polystyrene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Plastic Contract Manufacturing (Polystyrene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Plastic Contract Manufacturing (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Plastic Contract Manufacturing (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Plastic Contract Manufacturing (Injection Molding) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Plastic Contract Manufacturing (Injection Molding) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Plastic Contract Manufacturing (CNC Machining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Plastic Contract Manufacturing (CNC Machining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Plastic Contract Manufacturing (3D Printing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Plastic Contract Manufacturing (3D Printing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Plastic Contract Manufacturing (Other Processes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Plastic Contract Manufacturing (Other Processes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Plastic Contract Manufacturing (Consumer Goods and Appliances) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Plastic Contract Manufacturing (Consumer Goods and Appliances) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Plastic Contract Manufacturing (Medical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Plastic Contract Manufacturing (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Plastic Contract Manufacturing (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Plastic Contract Manufacturing (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Plastic Contract Manufacturing (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Plastic Contract Manufacturing (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Plastic Contract Manufacturing (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Plastic Contract Manufacturing (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Plastic Contract Manufacturing Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Plastic Contract Manufacturing Industry: SWOT Analysis
- Figure 86: Global: Plastic Contract Manufacturing Industry: Value Chain Analysis
- Figure 87: Global: Plastic Contract Manufacturing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Plastic Contract Manufacturing Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Process (in Million US$), 2023-2028
- Table 4: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Plastic Contract Manufacturing Market: Competitive Structure
- Table 7: Global: Plastic Contract Manufacturing Market: Key Players
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