Global Plastic Pellet Market Witnesses Robust Growth Amid Rising Demand for Sustainable Manufacturing Solutions https://dataintelo.com/report/global-plastic-pellet-market The Plastic Pellet Market is experiencing notable expansion, driven by increasing global demand for lightweight, durable, and cost-effective materials in various industries. These small, bead-like resins serve as the raw material for manufacturing a wide range of plastic products, from automotive components to packaging solutions and consumer goods. As of 2024, the global plastic pellet market is valued at approximately USD 8.3 billion. It is projected to reach USD 13.9 billion by 2032, expanding at a CAGR of 6.5%. The market's upward trajectory is fueled by strong growth in construction, automotive, electrical, and packaging sectors across both developed and emerging economies.