What is the expected CAGR of the molded plastics market?
The molded plastics market is anticipated to experience a robust CAGR of 6.89% during the forecast period of 2023-2030.
Which factors are driving the growth of the molded plastics market?
The increasing demand from end-use industries like packaging, automotive, and agriculture is propelling the molded plastics market forward. Additionally, advancements in injection molding technology and the adoption of sustainable practices are contributing to market growth.
Which region is expected to be the fastest-growing molded plastics market?
The Asia Pacific region is poised to be the fastest-growing market for molded plastics, driven by factors like rising disposable incomes, rapid industrialization, and a booming agricultural sector.
What are the major players in the molded plastics market?
ExxonMobil, LyondellBasell, SABIC, DowDuPont, and China Petroleum Corporation are some of the leading players in the global molded plastics market.