Global Plastic Contract Manufacturing Market to reach USD XXX billion by 2025.
Global Plastic Contract Manufacturing Market valued approximately USD XXX billion in 2016 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2017-2025. Growing demand for consumer electronics including smartphones, televisions, computers, laptops, video recorders, and cameras is expected to have a positive impact on the market over the forecast period.
Consumer electronics industry is dynamic and highly competitive in nature. As a result, manufacturers have been trying to implement methods which can reduce production cost and cater to the changing consumer demands. Plastic contract manufacturing facilitates production of the components in less time and enhances the supply chain efficiency of the manufacturer, which is likely to propel the demand over the forecast period.
Plastics including polyethylene (PE), polyvinylchloride (PVC), polypropylene (PP), and engineering plastics are increasingly being used in the manufacturing of medical devices. The growth of home healthcare market on account of low costs as compared to hospital and intensive care has resulted in a rise in demand for medical devices. In addition, numerous tests conducted for diagnosis have also contributed to the increasing demand for medical devices, thereby propelling the market growth. Companies adopting contract manufacturing do not have to invest on the new manufacturing facility, tools & machinery, and training of the staff, which leads to cost saving. In addition, high level of expertise and technical know-how of the contract manufacturers enables the development of high-quality products.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
> Polypropylene
> Acrylonitrile Butadiene Styrene (ABS)
> Polyethylene
> Polystyrene
By Application:
> Medical
> Aerospace & Defence
> Automotive
> Consumer goods & Appliances
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include McClarin Plastics, LLC, EVCO Plastics, C&J Industries, Plastikon Industries, Inc, RSP, Inc., Mack Molding, Tessy Plastics Corp., Inzign Pte Ltd., Genesis Plastics Welding, GW plastics.Inc. and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Plastic Contract Manufacturing Market in Market Study:
> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors
