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Top Markets
Our clients average 54% market share in their respective industries
Value of B2B market share is in order from greatest to least. Learn more here
Travel & Luggage
Wearable Technology
Outdorr & Leisure
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Consistent Growth
From 1950 to 2021, plastics have shown an increase in the quantity supplied. With only a slight decline in 2020.
Revenue is expected to grow by 3.4% in the next 7 years (from 2021-2028)
Image Source: Statitica
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Industry Breakdown
The plastics manufacturing industry is a massive global business, but it is also highly fragmented into niche sectors. There are hundreds of companies competing for market share across the globe. From a brand perspective, it can be difficult to find your place in this space. Without a strategy of course!
From a macro and a micro perspective:
Plastics are versatile with applications ranging across construction, automotive, electronics, and household goods.
Approximately 60% of all manufactured plastic goes into packaging. This is not our target market. Globally, the plastics market size was estimated at $579.7 billion in 2020 and is expected to reach $593 billion in 2021.
Companies within our subsector of Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing (NAICS 326130) compete on the cost of goods, quality, efficiency of operations, and performance towards customers, investors, and other key stakeholders. Some direct competitors operating in this sector are Dow Chemical, , Formosa Plastics Group, and LyondellBasell.
While a number of key players are expected to capt market segment, our product portfolio, and geographic diversification will play a vital role in our company growth.
Sources: Grand View Research
Sources: Bureau of Labor Statistics