Global plastics extrusion market to reach US$259.21B by 2034 – Towards Chemical and Materials

GLOBAL – The global plastics extrusion market, valued at US$175.96 billion in 2024, is projected to grow to US$259.21 billion by 2034, registering a compound annual growth rate (CAGR) of 3.95% between 2025 and 2034, according to a new study by Towards Chemical and Materials.

The market’s growth is primarily driven by rising demand for lightweight, durable, and cost-effective materials across various industries, including construction and automotive.

Plastics extrusion, a process that forces melted or softened plastic through dies to form continuous cross-sectional shapes, such as films, sheets, profiles, pipes, and tubes, continues to play a central role in modern manufacturing.

The plastics extrusion industry is witnessing increasing adoption as manufacturers move toward lightweight and energy-efficient materials.

Its high throughput, design flexibility, and material efficiency make extrusion a preferred method in packaging, automotive, and construction sectors.

Sustainability trends are reshaping the market, with growing interest in recyclable, bio-based plastics and multi-layer barrier films.

However, volatility in raw material prices, particularly those derived from petroleum, remains a key challenge, impacting production costs and supply stability.

At the same time, emerging opportunities lie in customized extrusion solutions for high-precision sectors such as medical devices, aerospace, and renewable energy, where advanced material properties are critical.

Regional insights

The Asia-Pacific region led the global plastics extrusion market in 2024, accounting for 40% of total industry share.

Valued at US$70.38 billion in 2024, the regional market is expected to reach US$104.18 billion by 2034, growing at a 4.00% CAGR.

This dominance is attributed to rapid industrialization, infrastructure expansion, and the region’s growing packaging and automotive sectors.

By material type, polyethene extrusion led the market with a 35% share in 2024, driven by its versatility and high demand in packaging and consumer goods.

By process type, single screw extrusion remained the preferred process, accounting for 40% market share, due to its cost-effectiveness and operational simplicity.

By product type, pipes and tubes dominated with a 30% share, supported by ongoing infrastructure upgrades worldwide.

By end-use industry, the packaging segment led with 25% market share, reflecting strong demand across food & beverages, personal care, and industrial applications.

By equipment type, extruders represented 50% of the industry, forming the core of the extrusion process.

By application type, packaging films accounted for 35% of the market share, driven by widespread use in food, personal care, pharmaceuticals, and industrial packaging.

As industries pursue sustainability and cost efficiency, the global plastics extrusion market is expected to continue growing steadily.

Innovations in bio-based resins, recycling technologies, and precision extrusion systems are set to define the next phase of market evolution, particularly in Asia-Pacific, the hub of global plastics manufacturing and consumption.

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