Press release
Market Analysis and Insights Global Extruded Plastic Market
Data Bridge Market Research analyses the extruded plastic market will exhibit a CAGR of 5.78% for the forecast period of 2022-2029 and is expected to reach the USD 363.93 billion by 2029.
Plastic items made with the use of extrusion technique are known as extruded plastic. This procedure entails melting and shaping plastic into a continuous profile in order to mould it into various shapes and sizes. This process is used to make a variety of plastic products, including pipes, tubes, bottles, containers, packaging, and other items.
The rising number of construction activities will increase the demand of extruded plastic that will influence the growth rate of the market. The increase in emerging application areas of plastics driving market expansion. Along with this, low feedstock and energy prices will increase the demand for the extruded plastic market. The extruded plastic market is also being driven by significant factors such as the upsurge in the level of disposable income and continuous changing lifestyle. Furthermore, rising demand from agriculture industry for the different forms of extruded plastics will enhance the growth rate of extruded plastic market. Also, high demand from packaging sector to ensure safety and proper storage during transportation and logistics will act as major factor accelerating the growth of extruded plastic market. The advancement in technologies and increasing urbanization will have positive impact on the growth rate of extruded plastic market.
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