| Product Code: ETC298769 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines imported a significant amount of molded plastics in 2024, with top exporting countries being Thailand, Malaysia, Vietnam, China, and Japan. Despite the diversity of sources, the market shows low concentration with a Herfindahl-Hirschman Index (HHI) indicating competitive dynamics. The industry experienced a negative compound annual growth rate (CAGR) of -5.73% from 2020 to 2024, but there was a notable uptick in growth from 2023 to 2024 at 14.98%, suggesting a potential turnaround in the market.

The Molded Plastics market in Philippines is projected to grow at a stable growth rate of 0.16% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

The Philippines Molded Plastics market has witnessed substantial expansion driven by various industries such as packaging, automotive, and consumer goods. From 2017 to 2025, the market displayed a CAGR of around 5.5%. The versatility and cost-efficiency of molded plastics have contributed to its widespread adoption. As the manufacturing sector continues to evolve, the molded plastics market is likely to maintain a positive growth trajectory.
The growth of the Philippines Molded Plastics market is attributed to the expanding manufacturing and packaging industries. Molded plastics find applications in various sectors, including automotive, electronics, consumer goods, and healthcare. The demand for lightweight, durable, and cost-effective plastic products is a key driver, along with advancements in molding technology.
The molded plastics market in the Philippines struggles with waste management and recycling challenges. As the use of molded plastics continues to grow, finding sustainable solutions for plastic waste disposal and promoting recycling initiatives are crucial for mitigating the environmental impact.
The Philippines molded plastics market is a crucial segment of the country`s manufacturing sector, providing materials for various industries, including packaging, automotive, and electronics. The pandemic disrupted supply chains and led to reduced consumer spending, impacting the plastics market. As economic activities rebound, the demand for molded plastics is expected to recover gradually, driven by increasing consumption, urbanization, and the expansion of end-user industries.
The Philippines molded plastics market is driven by various industries` demand for plastic components. Key players in this market include JG Summit Petrochemical Corporation, D&L Industries, Inc., and First in Colours, Inc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Molded Plastics Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Molded Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Molded Plastics Market - Industry Life Cycle |
3.4 Philippines Molded Plastics Market - Porter's Five Forces |
3.5 Philippines Molded Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Molded Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Molded Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable packaging solutions in various industries. |
4.2.2 Growing preference for molded plastics due to their cost-effectiveness and versatility. |
4.2.3 Technological advancements leading to the development of innovative and sustainable plastic molding techniques. |
4.3 Market Restraints |
4.3.1 Environmental concerns related to plastic waste and pollution impacting the adoption of molded plastics. |
4.3.2 Fluctuating prices of raw materials used in plastic molding affecting production costs. |
4.3.3 Stringent regulations and policies regarding plastic usage and disposal influencing market growth. |
5 Philippines Molded Plastics Market Trends |
6 Philippines Molded Plastics Market, By Types |
6.1 Philippines Molded Plastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Molded Plastics Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Molded Plastics Market Revenues & Volume, By Polyethylene, 2021-2031F |
6.1.4 Philippines Molded Plastics Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.5 Philippines Molded Plastics Market Revenues & Volume, By Polyvinyl Chloride, 2021-2031F |
6.1.6 Philippines Molded Plastics Market Revenues & Volume, By Polyethylene Terephthalate, 2021-2031F |
6.1.7 Philippines Molded Plastics Market Revenues & Volume, By Polystyrene, 2021-2031F |
6.1.8 Philippines Molded Plastics Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2 Philippines Molded Plastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Molded Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Philippines Molded Plastics Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.4 Philippines Molded Plastics Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.2.5 Philippines Molded Plastics Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 Philippines Molded Plastics Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.7 Philippines Molded Plastics Market Revenues & Volume, By Electronics & Electrical, 2021-2031F |
7 Philippines Molded Plastics Market Import-Export Trade Statistics |
7.1 Philippines Molded Plastics Market Export to Major Countries |
7.2 Philippines Molded Plastics Market Imports from Major Countries |
8 Philippines Molded Plastics Market Key Performance Indicators |
8.1 Percentage of recycled materials used in molded plastics production. |
8.2 Adoption rate of biodegradable and eco-friendly plastic molding technologies. |
8.3 Investment in research and development for sustainable plastic molding solutions. |
9 Philippines Molded Plastics Market - Opportunity Assessment |
9.1 Philippines Molded Plastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Molded Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Molded Plastics Market - Competitive Landscape |
10.1 Philippines Molded Plastics Market Revenue Share, By Companies, 2024 |
10.2 Philippines Molded Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |