EXTRUSION SHEET MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global extrusion sheet market is expanding steadily owing to the growing demand for plastic sheets across diverse industrial verticals. Extrusion sheets are used for a wide range of purposes including for thermoforming, food packaging, medical packaging, labels and wraps. The extrusion coating process allows for production of sheets with customized properties like thickness tolerance, smoothness and gloss. Extrusion sheeting technology enables manufacturing of materials like polyethylene, polypropylene, PVC, and others into flexible sheets. Rising consumption of plastic goods has prompted manufacturers to boost extrusion sheet output. The market is also gaining traction due to the cost-effectiveness and versatility provided by extrusion coating in plastic sheet manufacturing.
Market Dynamics:
Surging consumption of packaged food and pharmaceutical products is a key factor driving the extrusion sheet market. Extrusion sheets make for excellent packaging material due to properties like moisture and gas barrier. Rising health awareness and busy lifestyles have augmented demand for packaged consumables, thus benefitting sheet extrusion. Additionally, growth in plastic processing industries such as pipe, tubing and profile extrusion stimulates sheet extrusion volumes. However, environmental concerns over plastic waste may impede market expansion. But developments in bioplastics and recycling offer new opportunities. Stringent regulatory norms governing food-grade packaging may also restrain the market to an extent. Nonetheless, mass production capabilities and flexibility in material conversion keep the overall outlook positive.
Key features of the study:
- This report provides in-depth analysis of the global extrusion sheet market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global extrusion sheet market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Arla Plast AB, Corex Plastics Pty Ltd, Covestro AG, DS Smith Plc, Distriplast, Evonik Industries AG, Ensinger GmbH, Formosa Plastics Corporation, Hitachi Zosen Corporation, Inteplast Group Corporation, Karton S.p.A, Kaneka Corporation, MDI Inc., Primex Plastics Corporation, and Simona AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global extrusion sheet market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global extrusion sheet market.
Detailed Segmentation-
Detailed Segmentation-
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