The plastic pipes market size is projected to reach US$ 103.51 billion by 2031 from US$ 65.41 billion in 2023; the market is expected to register a CAGR of 5.9% during 2023-2031.

The global plastic pipes market has been experiencing significant growth, driven by the growing construction industry and rising water and wastewater management initiatives worldwide. The market growth is attributed to rapid industrialization and urbanization, particularly in emerging economies. In addition, the global transition toward sustainability initiatives has influenced the plastic pipes market, with manufacturers increasingly focused on incorporating eco-friendly formulations.

Based on type, the global plastic pipes market is segmented into corrugated (single-wall and multi-wall) and smoothwall. The smoothwall segment held the largest share of the global plastic pipes market in 2023. Smoothwall plastic pipes are made of HDPE, PVC, or PP materials and have smooth internal surfaces. The smooth wall enables the efficient flow of fluids, which is particularly beneficial in applications such as water supply, sewage systems, irrigation, and industrial piping. Smoothwall plastic pipes offer better corrosion resistance than conventional metal pipes in adverse conditions such as chemical exposure and high moisture. Further, corrugated plastic pipe has a series of ridges and grooves along its length, generally produced with HDPE and PVC. The unique structure of pipe provides it with structural integrity, strength, flexibility, and durability, making it suitable for a wide range of applications.

Based on application, the global plastic pipes market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. The water supply segment held the largest share of the global plastic pipes market in 2023. Growing urbanization and increasing demand for clean and safe water supply have further propelled the demand for plastic pipes. The rising focus on water conservation and efficient management systems has increased the adoption of plastic piping systems equipped with advanced technologies such as leak detection and smart monitoring. Residential and commercial construction activities significantly contribute to the incorporation of plastic piping networks for water supply.

In 2023, Asia Pacific held the largest revenue share of the global plastic pipes market. Asia Pacific is experiencing substantial growth in the building and construction industry. India is one of the major markets for plastic pipes. According to Invest India, cement production in India is expected to grow by ~12% year-on-year, driven by rural housing demand and the government's strong focus on infrastructure development. The construction business in India is expected to grow significantly, attributed to the expansion of the National Infrastructure Pipeline of US$ 1.35 trillion by 2025. Thus, the plastic pipes market growth in India is extensively driven by the growing agriculture and construction industries.

A few of the key players in the plastic pipes market include JM Eagle Inc, Uponor Corp, Georg Fischer Ltd, Sekisui Chemical Co Ltd, China Lesso Group Holdings Ltd, Astral Poly Technik Limited, Finolex Industries Ltd, Genuit Group Plc, Formosa Plastics Corp, Vasen Europe, Luna Plast, Orbia, Aliaxis Holdings SA, and Advanced Drainage Systems Inc. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansions, partnerships, and collaborations in order to stay competitive in the market. The plastic pipes market forecast can help stakeholders plan their growth strategies. In 2023, Advanced Drainage Systems (ADS) announced its plans to build a new manufacturing facility in Lake Wales, Florida. ADS produces large quantities of corrugated plastic pipe. The project is expected to break ground in 2024 on a 100-acre site.

The overall global plastic pipes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the plastic pipes market.