Plastic Products Miscellaneous Manufacturing in the US - Market Research Report (2014-2029)

Plastic fantastic: Industry demand will edge upward as the economy recovers

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Plastic Products Miscellaneous Manufacturing industry is dependent on several markets to purchase industry goods. For example, automotive manufacturers purchase various plastic components for vehicle interiors and engine units, while hardware and home improvement wholesalers purchase construction materials, plumbing fixtures and plastic flooring, among other items, to sell to downstream customers. Although the economic environment has been mostly favorable over the past five years, global uncertainty has recently soared as manufacturing activity suffered under socioeconomic restrictions imposed during the COVID-19 pandemic. But due to steady downward performance early in the period and substantial economic recovery in 2021, revenue will drop at a CAGR of 1.1% to $120.7 billion over the past five years, including a rebound of 7.6% in 2021 and fall of 2.3% in 2023 alone.

This industry comprises companies that manufacture a range of plastic products, including housewares, building materials, motor vehicle parts, resilient floor coverings and appliance parts. This industry excludes plastic film, sheets, bags, profile shapes, pipes, pipe fittings, laminates, foam products and bottles.