The global extruded plastics market is expected to register healthy growth during the review period on account of the extensive use of plastics products in packaging. Plastic packaging is used in various end-use industries such as food & beverage, pharmaceuticals, medical, cosmetics & personal care, and homecare. Rapid industrialization and urbanization across the globe result in increased construction activities, which further promote the use of extruded plastics. In addition, the increasing focus on the use of lightweight and fuel-efficient vehicles boost the demand for plastic in automobile manufacturing. Raw material price fluctuations coupled with the regulatory constraints act as restraints for the market growth. The growing adoption of sustainable food packaging is expected to be a major challenge faced by the players in this market. Microbial degradation of plastics is likely to create new growth avenues for the players in this market.