North America Molded Plastic Market Outlook, 2029

The North America Molded Plastic Market is segmented into By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane, Others), By Technology (Injection Molding, Blow Molding, Extrusion, Others), By Application (Building and Construction, Electrical and Electronics, Automotive, Packaging, Others)

The North America Molded Plastic Market was valued at more than USD 115 Billion in 2023, driven by robust manufacturing and automotive sectors

Molded Plastic Market Analysis

In the industrial landscape of the area, the moulded plastic market in North America is a thriving and dynamic industry that is a cornerstone of sustainability, adaptability, and innovation. Moulded plastics are essential to many different sectors, from consumer products and packaging to automotive and construction. They are known for their malleability, durability, and affordability. Across the expanse of North America, which includes the United States, Canada, and Mexico, the moulded plastic market thrives on a foundation of technological advancements, market diversification, and evolving consumer preferences. With a sophisticated manufacturing infrastructure and a robust research and development ecosystem, North America leads the way in pioneering new applications, materials, and processes for moulded plastics, driving efficiency gains and product innovation. Moreover, the region's commitment to sustainability and environmental stewardship has spurred the adoption of recycled and bio-based plastics, further enhancing the market's appeal and contributing to circular economy initiatives. In North America, moulded plastics find widespread usage in a variety of sectors and applications, such as electronics, consumer items, automobile parts, packaging, and medical and construction equipment. They are essential to contemporary production processes because of their adaptability and agility. The moulded plastic industry significantly contributes to the North American economy, generating billions of dollars in revenue and providing employment opportunities across the manufacturing supply chain. From raw material suppliers and machinery manufacturers to mould designers, processors, and distributors, the industry supports a vast network of businesses and jobs. Furthermore, the use of 3D printing technologies in the North American moulded plastic market has revolutionised rapid prototyping and production processes. With 3D printing, manufacturers can quickly create prototypes, test designs, and iterate on product concepts with minimal lead times and cost, accelerating time-to-market and fostering innovation. According to the research report "North America Moulded Plastic Market Outlook, 2029," published by Bonafide Research, the North America Moulded Plastic Market was valued at more than USD 115 Billion in 2023. Numerous end-user sectors, including automotive, packaging, construction, consumer goods, electronics, healthcare, and others, have a significant impact on the demand for moulded plastic products. The need for moulded plastics is driven by these industries because they employ the material in a variety of applications, such as food packaging, building materials, automobile components, and home products. Growing awareness of environmental issues and sustainability concerns has led to increased demand for sustainable and eco-friendly materials, including recycled and bio-based plastics. Manufacturers and consumers alike are seeking alternatives to traditional plastics derived from fossil fuels, driving demand for moulded plastics made from recycled materials or renewable sources. Furthermore, the medical and healthcare industries represent an important market for moulded plastics in North America. Medical devices, laboratory equipment, diagnostic tools, and packaging for pharmaceutical products are often made from moulded plastics due to their biocompatibility, sterilizability, and cost-effectiveness. With North America being home to a large healthcare market and leading medical device manufacturers, the demand for moulded plastics in this sector remains robust. Moulded plastics are increasingly used in the construction and building materials sectors in North America. Applications include pipes and fittings, roofing materials, insulation, windows, doors, and decorative elements. The region's growing population, urbanisation trends, and demand for sustainable building solutions drive the adoption of moulded plastic products in construction projects across residential, commercial, and infrastructure segments.

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Market Dynamic

Major Drivers Automotive Industry: The molded plastic market in North America is mostly driven by the automotive sector. Since moulded plastics are lightweight, durable, flexible in design, and reasonably priced, they are widely employed in a wide range of automobile components and parts. Moulded plastic is used in both external and interior automotive parts, including body panels, bumpers, grilles, seats, and aerodynamic elements. Interior parts include dashboards, door panels, seating, and trim. Moulded plastics are also used in under-the-bonnet applications such as fluid reservoirs, cooling system components, intake manifolds, and engine covers. The need for moulded plastics in the automotive sector is fueled by developments in vehicle design, safety, and technology, as well as trends towards lightweighting to increase fuel economy and lower emissions. • Construction and Building Materials: Another important factor propelling the moulded plastic market in North America is the building and construction materials industry. Many building applications, such as pipes and fittings, roofing materials, insulation, windows, doors, siding, decking, and ornamental components, employ moulded plastics extensively. The advantages of moulded plastic materials include resistance to moisture, corrosion, and pests; simplicity of installation; acoustic and thermal insulation qualities; and diversity in design. Furthermore, moulded plastics are being used more and more in green building certifications, energy-efficient construction, and the usage of recyclable or recycled materials. Major ChallengesRaw Material Costs and Supply Chain Disruptions: Supply chain interruptions and raw material pricing volatility are two major obstacles facing the North American moulded plastic market. Natural catastrophes, shifts in the price of oil globally, supply and demand dynamics, and geopolitical unrest all affect the cost of raw materials used in the production of plastics, including petrochemicals, resins, and additives. These variations have an adverse effect on moulded plastic producers' profitability and raise their cost of manufacturing. Production delays, inventory shortages, and longer lead times can result from supply chain disruptions such as labour shortages, trade obstacles, delays in transportation, and logistical difficulties. • Technological Disruption and Innovation: Technological innovation and disruption pose a serious threat to the North American moulded plastic sector. The industry environment is constantly changing, and traditional production methods and materials are being challenged by rapid breakthroughs in materials science, manufacturing processes, and product design. Emerging as disruptive forces, new technologies, including bio-based polymers, sophisticated composites, additive manufacturing (3D printing), and smart materials, provide unique solutions with performance advantages and sustainability benefits. To be competitive and satisfy changing consumer needs, moulded plastic makers need to embrace innovation, engage in research and development, and adjust to these technical advancements.

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Manmayi Raval

Manmayi Raval

Research Consultant


Molded Plastic Segmentation

By Type Polyethylene
Polypropylene
Polyvinyl Chloride
Polyethylene Terephthalate
Polystyrene
Polyurethane
Others
By Technology Injection Molding
Blow Molding
Extrusion
Others
By Application Building and Construction
Electrical and Electronics
Automotive
Packaging
Others
North AmericaUnited States
Canada
Mexico

Based on the types, they are segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, polyurethane, and others. In terms of technology types, they are segmented into injection moulding, blow moulding, extrusion, and hers. In North America, polyethylene leads the market. Polyethylene is a thermoplastic polymer with great versatility that can be easily moulded using a variety of manufacturing methods, including blow moulding, extrusion, and injection moulding, into a wide range of forms, sizes, and combinations. Because of its adaptability, it is used in many different industries, including packaging, automotive, construction, consumer products, and healthcare. North America has abundant sources of ethylene, the primary raw material used in the production of polyethylene. The availability of ethylene feedstocks, coupled with advanced manufacturing infrastructure and technology, ensures a reliable and consistent supply of polyethylene resin to meet market demand in the region. Furthermore, in terms of technology, blow moulding is growing with the highest growth rate by forecast period; bottles, containers, tanks, and automobile parts are just a few of the many hollow plastic goods that are produced with the adaptability of blow moulding technology. Because of its adaptability, manufacturers serve a wide range of markets, including consumer products, automotive, packaging, and industrial applications. Ongoing innovation and advancements in blow moulding technology, such as extrusion blow moulding, injection blow moulding, and stretch blow moulding, continue to expand the capabilities and applications of the process. Manufacturers are investing in research and development to enhance efficiency, improve product quality, and explore new opportunities for growth in the North American market. According to the report, applications are segmented into building and construction, electrical and electronics, automotive, packaging, and others. Building and construction lead the moulded plastic market because of their great degree of adaptability. Moulded plastics are used in a variety of building and construction applications. Moulded plastics used in a variety of building systems and components, from pipes and fittings to roofing materials, insulation, windows, doors, siding, decking, and ornamental elements. Furthermore, moulded plastics are often more cost-effective than traditional materials such as wood, metal, and concrete. They are lightweight, durable, and easy to install, resulting in reduced labour and installation costs. Additionally, moulded plastics require minimal maintenance and have a longer lifespan, further contributing to cost savings over time. Moulded plastics are resistant to rot, corrosion, moisture, pests, and weathering, making them ideal for outdoor applications and construction projects in harsh environmental conditions. They can withstand extreme temperatures, UV radiation, humidity, and chemical exposure without deteriorating, ensuring long-term durability and performance. Furthermore, many moulded plastics used in building and construction applications are recyclable and made from recycled materials. Manufacturers are increasingly using recycled plastics and incorporating sustainable practices into their production processes to reduce environmental impact and meet green building standards. Additionally, moulded plastics contribute to sustainability by reducing the use of traditional materials such as wood, conserving natural resources, and minimising waste.

Molded Plastic Market Regional Insights

Based on the report, the major countries covered include the USA, Canada, Mexico, and the rest of North America. In North America, the USA leads the moulded plastic market. The manufacturing sector in the United States of America is strong and varied, with a notable presence in the plastics industry. Many moulded plastic manufacturers, from small and medium-sized businesses to global conglomerates, are based in the nation and have the potential to fulfil both domestic and foreign demand thanks to their broad manufacturing capacities. The USA is a global leader in innovation and technological advancements in the plastics industry. American companies invest heavily in research and development to drive innovation, develop new materials, technologies, and manufacturing processes, and improve product quality, performance, and sustainability. This culture of innovation gives US manufacturers a competitive edge in the global market. Furthermore, the USA has one of the largest and most diverse consumer markets in the world, driving demand for a wide range of moulded plastic products across various industries and applications. From automotive and packaging to construction, consumer goods, healthcare, and electronics, the USA offers a vast market for moulded plastic manufacturers to serve and capitalise on diverse customer needs and preferences. Furthermore, the USA is a major player in global trade and exports a significant portion of its moulded plastic products to international markets. US manufacturers leverage trade agreements, market access, and export promotion initiatives to expand their presence in foreign markets and capitalise on growing demand for moulded plastic products worldwide.

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Companies Mentioned

  • LG Chem Limited
  • DuPont de Nemours, Inc
  • Basf SE
  • Exxonmobil Corporation
  • Dow
  • Pactiv Evergreen Inc
  • Greenhouse Megastore
  • Eastman Chemical Company
  • Chevron Corporation
  • Eni S.p.A.
  • LyondellBasell Industries N.V.
  • Ineos Group Limited
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Molded Plastic Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Types
  • 5.4. Market Size and Forecast, By Technology
  • 5.5. Market Size and Forecast, By Application
  • 6. North America Molded Plastic Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Types
  • 6.4. Market Size and Forecast, By Technology
  • 6.5. Market Size and Forecast, By Application
  • 7. Market Dynamics
  • 7.1. Market Drivers & Opportunities
  • 7.2. Market Restraints & Challenges
  • 7.3. Market Trends
  • 7.3.1. XXXX
  • 7.3.2. XXXX
  • 7.3.3. XXXX
  • 7.3.4. XXXX
  • 7.3.5. XXXX
  • 7.4. Covid-19 Effect
  • 7.5. Supply chain Analysis
  • 7.6. Policy & Regulatory Framework
  • 7.7. Industry Experts Views
  • 7.8. United States Molded Plastic Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Types
  • 7.8.3. Market Size and Forecast By Technology
  • 7.9. Canada Molded Plastic Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Types
  • 7.9.3. Market Size and Forecast By Technology
  • 7.10. Mexico Molded Plastic Market Outlook
  • 7.10.1. Market Size By Value
  • 7.10.2. Market Size and Forecast By Types
  • 7.10.3. Market Size and Forecast By Technology
  • 8. Competitive Landscape
  • 8.1. Competitive Dashboard
  • 8.2. Business Strategies Adopted by Key Players
  • 8.3. Key Players Market Positioning Matrix
  • 8.4. Porter's Five Forces
  • 8.5. Company Profile
  • 8.5.1. LyondellBasell Industries N.V.
  • 8.5.1.1. Company Snapshot
  • 8.5.1.2. Company Overview
  • 8.5.1.3. Financial Highlights
  • 8.5.1.4. Geographic Insights
  • 8.5.1.5. Business Segment & Performance
  • 8.5.1.6. Product Portfolio
  • 8.5.1.7. Key Executives
  • 8.5.1.8. Strategic Moves & Developments
  • 8.5.2. BASF SE
  • 8.5.3. Saudi Basic Industries Corporation
  • 8.5.4. DuPont de Nemours, Inc.
  • 8.5.5. Ineos Group Limited
  • 8.5.6. Eastman Chemical Company
  • 8.5.7. Formosa Plastics Corporation
  • 8.5.8. LG Chem Ltd
  • 8.5.9. Eni S.p.A.
  • 8.5.10. Chevron Corporation
  • 8.5.11. ExxonMobil Corporation
  • 8.5.12. Dow Inc.
  • 9. Strategic Recommendations
  • 10. Annexure
  • 10.1. FAQ`s
  • 10.2. Notes
  • 10.3. Related Reports
  • 11. Disclaimer

Table 1: Global Molded Plastic Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Molded Plastic Market Size and Forecast, By Types (2018 to 2029F) (In USD Billion)
Table 6: Global Molded Plastic Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 7: Global Molded Plastic Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: North America Molded Plastic Market Size and Forecast, By Types (2018 to 2029F) (In USD Billion)
Table 9: North America Molded Plastic Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 10: North America Molded Plastic Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 11: Influencing Factors for Molded Plastic Market, 2023
Table 12: United States Molded Plastic Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 13: United States Molded Plastic Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 14: Canada Molded Plastic Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 15: Canada Molded Plastic Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 16: Mexico Molded Plastic Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 17: Mexico Molded Plastic Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)

Figure 1: Global Molded Plastic Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Molded Plastic Market Share By Region (2023)
Figure 6: North America Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Molded Plastic Market Share By Country (2023)
Figure 8: US Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Molded Plastic Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Molded Plastic Market

Molded Plastic Market Research FAQs

Common molded plastic products in North America include bottles and containers for packaging, automotive components, construction materials like pipes and fittings, consumer goods such as toys and household items, and medical devices.

Innovative applications of molded plastics in North America include 3D-printed prototypes and customized products, biodegradable packaging solutions, lightweight automotive components for electric vehicles, and sustainable building materials.

In North America, molded plastic products are typically recycled through mechanical or chemical processes. Mechanical recycling involves shredding, melting, and reforming plastic waste into new products, while chemical recycling breaks down plastics into their molecular components for reuse or conversion into other materials.

Molded plastics offer environmental benefits such as reduced energy consumption during production, lightweight designs for fuel-efficient transportation, recyclability for closed-loop recycling systems, and the ability to replace traditional materials like wood and metal, conserving natural resources.

North America's regulatory landscape includes regulations governing product safety, environmental impact, recycling and waste management, and worker health and safety. Compliance with regulations such as REACH, RoHS, FDA requirements, and building codes influences product design, manufacturing processes, and market access for molded plastic products.
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North America Molded Plastic Market Outlook, 2029

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