Albany, NY -- (SBWIRE) -- 08/10/2016 -- Plastics that can be molded into various sizes and shapes or forms are classified as molded plastics. Injection molding, blow molding, rotational molding, and extrusion molding are the different types of technologies used in the production of molded plastic products. The major categories of plastics used for such productions include PE, PP, polystyrene, and PVC. Molded plastics are used in a wide range of sectors like packaging, consumables and electronics, and automotive and transportation.

Molded plastics are preferred over other forms of packaging because of their certain physical and chemical properties, which make them ideal packaging materials. They are tough, durable, lightweight, easy to transport, and are not brittle like glass. In addition, the cost per unit of production is low in case of molded plastics, which find a wide variety of applications. The global molded plastic packaging market to grow at a CAGR of 5.07%, in terms of revenue, during the period 2016-2020.

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The report covers the present scenario and the growth prospects of the global molded plastic packaging market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of molded plastic packaging products by vendors operating in the market. The report also includes information on the market's size in terms of the volume consumption of different plastic materials or resins, which are used to manufacture various molded plastic packaging products.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Molded Plastic Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Alpha Packaging
- APEX Plastics
- Plastipak
- Sidel
- Silgan

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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