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Plastic Contract Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plastic contract manufacturing market reached a value of US$ 32.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 44.52 Billion by 2027, exhibiting a CAGR of 5.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Process, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

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$), 2016-2021
Figure 3: Global: Plastic Contract Manufacturing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Plastic Contract Manufacturing Market: Breakup by Product (in %), 2021
Figure 5: Global: Plastic Contract Manufacturing Market: Breakup by Process (in %), 2021
Figure 6: Global: Plastic Contract Manufacturing Market: Breakup by Application (in %), 2021
Figure 7: Global: Plastic Contract Manufacturing Market: Breakup by Region (in %), 2021
Figure 8: Global: Plastic Contract Manufacturing (Polypropylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Plastic Contract Manufacturing (Polypropylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Plastic Contract Manufacturing (ABS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Plastic Contract Manufacturing (ABS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Plastic Contract Manufacturing (Polyethylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Plastic Contract Manufacturing (Polyethylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Plastic Contract Manufacturing (Polystyrene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Plastic Contract Manufacturing (Polystyrene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Plastic Contract Manufacturing (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Plastic Contract Manufacturing (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Plastic Contract Manufacturing (Injection Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Plastic Contract Manufacturing (Injection Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Plastic Contract Manufacturing (CNC Machining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Plastic Contract Manufacturing (CNC Machining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Plastic Contract Manufacturing (3D Printing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Plastic Contract Manufacturing (3D Printing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Plastic Contract Manufacturing (Other Processes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Plastic Contract Manufacturing (Other Processes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Plastic Contract Manufacturing (Consumer Goods and Appliances) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Plastic Contract Manufacturing (Consumer Goods and Appliances) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Plastic Contract Manufacturing (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Plastic Contract Manufacturing (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Plastic Contract Manufacturing (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Plastic Contract Manufacturing (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Plastic Contract Manufacturing (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Plastic Contract Manufacturing (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Plastic Contract Manufacturing (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Plastic Contract Manufacturing (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Plastic Contract Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Plastic Contract Manufacturing Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Plastic Contract Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Process (in Million US$), 2022-2027
Table 4: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Plastic Contract Manufacturing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Plastic Contract Manufacturing Market: Competitive Structure
Table 7: Global: Plastic Contract Manufacturing Market: Key Players


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