France extruded plastic market is projected to reach a market size of US$2.648 billion by 2027, from US$1.845 billion in 2020, growing at a CAGR of 5.29%.
The growing population has increased the demand for various consumer goods, which drives the demand for plastic packaging solutions which in turn is expected to drive the market growth in the country. Moreover, the growing demand for housing units across the country is forecasted to drive the demand for extruded plastics across the construction sector of the region. Furthermore, constant growth in plastic packaging and burgeoning construction of green buildings are expected to bolster the extruded plastic market growth in the country. Additionally, increasing partnerships and innovation by key players further augment market growth. However, the COVID-19 pandemic has negatively impacted market growth. By Type, PE is expected to dominate the market growth during the forecast period owing to its lightweight and rigid material properties. The market is segmented into- By Type, By End-User Industry.
France Extruded Plastic Market Drivers:
Growth in the construction sector of the country will significantly contribute to the overall market growth during the forecast period. The country's government focuses on reviving the tourism sector and making investments in industrial construction, which is further anticipated to support market growth. For instance, under its France 2030 plan, the government has allocated EUR5 billion for industrial start-ups. The government is also focused on providing social housing units in the country, which is expected to fuel the demand for extruded plastic across the residential construction market. Companies in the market are making partnerships to support urban projects in the country, which is expected to boost overall market growth during the forecast period. For instance, Nexity, a real estate group, has announced its partnership with Meridiam to provide support to local authorities in the rehabilitation of city centres in France. Under this partnership, the companies will support the major urban projects to rehabilitate run-down housing, clean up infrastructure and conduct urban renewal operations.
France Extruded Plastic Market: By Type
Growing demand for PE across various end-use industries such as automotive, food and beverage, consumer goods, and electric and electronics is anticipated to fuel the segment growth, which will significantly contribute to the overall market growth. Due to its high rigidity, it has various industrial applications, such as packaging automotive and electrical spare parts. Moreover, the consumption of PE is growing at a rapid pace in the food and beverage sector of the country. Polyethene has a moisture barrier property because of which it can protect the food from any kind of contamination and loss of quality. In France, rigid plastic was the most consumed packaging material in 2020, owing to the rising preference for convenience and portable packaging solutions. Growing sales of RTD beverages across the country will significantly contribute to the overall segment’s growth which is further expected to drive the overall market growth. Additionally, PE is light in weight and offers easy processability, stiffness, and sealing properties, due to which it is used by automotive manufacturers to increase the efficiency of vehicles by reducing their weight.
The COVID-19 pandemic has negatively impacted the extruded plastics market growth in France. The pandemic and strict lockdown restrictions have severely affected France’s economy. The construction sector was majorly hit by the pandemic in comparison to other industries, because of which consumers and players were not investing in the markets. Moreover, the shortage of labor and rise in material prices in the construction of residential and commercial buildings also contributed to the market's downfall. However, the market has been surging since 2021 with the growing investments in the end-use industries.
The market has been analyzed through the following segments:
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.