“Commodity Plastics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commodity plastics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for commodity plastics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The commodity plastics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Polyethylene (PE); Polypropylene (PP); Polyvinyl Chloride (PVC); Polystyrene (PS); Acrylonitrile Butadiene Styrene (ABS); Polyethylene Terephthalate (PET); Poly (Methyl Methacrylate) (PMMA)
- 2) By Plastic Type: Reusable; Recyclable
- 3) By End-User: Packaging; Construction; Consumer Goods; Automotive; Electronics; Textiles; Medical and Pharmaceutical; Other End Use Industry
- Companies Mentioned: Exxon Mobil; LG Chem; Sumitomo Chemical Co. Ltd.; The Dow Chemical; Saudi Basic Industries Corporation (SABIC)
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the commodity plastics market are: Exxon Mobil, LG Chem, Sumitomo Chemical Co. Ltd., The Dow Chemical, Saudi Basic Industries Corporation (SABIC), BASF SE, LyondellBasell Industries N.V., Sinopec, INEOS, Formosa Plastics, Borealis AG, Chevron Phillips, Reliance Industries, Westlake Chemical, ENI SpA, Hanwha Chemica Hanwha Chemical India Private Limit, Lotte Chemical Engineering Plastics Private Limited, Indian Oil, Haldia Petrochemicals, Nova Chemicals, Qenos Pty Ltd., Qatar Petroleum, PTT Global Chemical, Braskem India Private Limited, DuPont de Nemours Inc., Eastman Chemical Company, China Petrochemical Corporation, and Mitsubishi Chemical Systems Inc.
The global commodity plastics market is expected to grow from $465.38 billion in 2022 to $498.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commodity plastics market is expected to grow to $637.15 billion in 2027 at a CAGR of 6.3%.
The commodity plastics market consists of sales of nylon, phenol formaldehyde resins, general purpose polystyrene, magnetic tape, acetate film. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Commodity plastics refer to complete product families comprised of a single polymer. These commodity plastics are inexpensive and do not possess any exceptional mechanical properties. These are used for various types of single-use applications such as disposable plates, medical trays, photographic and magnetic tape, clothing, disposable cups, reusable bags, and seeding trays.
Asia-Pacific was the largest region in the commodity plastics market in 2022. The regions covered in the commodity plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of commodity plastics are polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polyethylene terephthalate (PET), and poly (Methyl Methacrylate) (PMMA). Polyethylene (PE) is used in packaging film, rubbish bags, and supermarket bags. Polyethylene refers to a thermoplastic polymer with a changeable crystalline structure and, depending on the kind, a wide range of applications. The different plastic types include reusable, and recyclable that are used in various end use industries such as packaging, construction, consumer goods, automotive, electronics, textiles, medical and pharmaceutical, and others.
The growing production of plastic is expected to propel the growth of the commodity plastics market going forward. The packaging industry refers to being actively engaged in the design and manufacture of packaging products. Commodity plastic such as polyethylene and polystyrene are used in applications of packaging film and foam packaging in the packaging industry. For instance, in December 2021, according to the Ministry of Environment, Forest, and Climate Change (MoEF&CC) report, in the year 2020, plastic production in India has more than doubled, with an average annual growth rate of 21.8%. Also, according to the ministry, the India's total plastic trash creation stood at 3.47 million tons for the fiscal year 2021, up from 3.36 million tons (2020). Further according to Plastics for Change an India-based social enterprise platform, 36 % of all plastic produced in a year goes into various sorts of packaging. Therefore, the growing production of plastic is driving the growth of the commodity plastics market.
Product advancement is a key trend gaining popularity in the commodity plastics market. Major market players are focusing on technological advancements to sustain their position in the commodity plastics market. For instance, in August 2021, Krehalon, a Netherlands based packaging company, launched the KreCycleTM to meet the demand for more sustainable packaging options, as well as a portfolio of conveniently recyclable high barrier flexible films for fresh food applications. The KreCycleTM product line includes polyester (PET), polyethylene (PE), and polypropylene (PP) based solutions with customized barrier qualities to meet the needs of specific applications. It is perfect for packaging fresh protein products such as red meat, poultry, processed meat, fish, and hard cheese. Flexible thermoforming films, flowrap films with a high barrier option, lidding films, and vacuum pouches are among the products available. For the convenience of the consumer, there are additional lock and peel seal options.
In May 2022, RadiciGroup, an Italy-based company engaged in polyamide polymers, chemical intermediates, engineering plastics, synthetic fibers, and nonwovens acquired the plastics business of Ester Industries Ltd for a deal amount of $37 million. The acquisition expands RadiciGroup's high-performance polymers business's well-established commercial presence in India. Ester Industries is an India-based company that produces specialty polymers, polyester films, and engineering plastic.
The countries covered in the commodity plastics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The commodity plastics market research report is one of a series of new reports from The Business Research Company that provides commodity plastics market statistics, including commodity plastics industry global market size, regional shares, competitors with a commodity plastics market share, detailed commodity plastics market segments, market trends and opportunities, and any further data you may need to thrive in the commodity plastics industry. This commodity plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Commodity Plastics Market Characteristics
3. Commodity Plastics Market Trends And Strategies
4. Commodity Plastics Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Commodity Plastics Market
- 4.2. Ukraine-Russia War Impact On Commodity Plastics Market
- 4.3. Impact Of High Inflation On Commodity Plastics Market
5. Commodity Plastics Market Size And Growth
- 5.1. Global Commodity Plastics Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Commodity Plastics Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Commodity Plastics Market Segmentation
- 6.1. Global Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyethylene Terephthalate (PET)
- Poly (Methyl Methacrylate) (PMMA)
- 6.2. Global Commodity Plastics Market, Segmentation By Plastic Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Reusable
- Recyclable
- 6.3. Global Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Packaging
- Construction
- Consumer Goods
- Automotive
- Electronics
- Textiles
- Medical and Pharmaceutical
- Other End Users
7. Commodity Plastics Market Regional And Country Analysis
- 7.1. Global Commodity Plastics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Commodity Plastics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Commodity Plastics Market
- 8.1. Asia-Pacific Commodity Plastics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Commodity Plastics Market
- 9.1. China Commodity Plastics Market Overview
- 9.2. China Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Commodity Plastics Market
- 10.1. India Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Commodity Plastics Market
- 11.1. Japan Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Commodity Plastics Market
- 12.1. Australia Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Commodity Plastics Market
- 13.1. Indonesia Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Commodity Plastics Market
- 14.1. South Korea Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Commodity Plastics Market
- 15.1. Western Europe Commodity Plastics Market Overview
- 15.2. Western Europe Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Commodity Plastics Market
- 16.1. UK Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Commodity Plastics Market
- 17.1. Germany Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Commodity Plastics Market
- 18.4. France Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Commodity Plastics Market
- 19.1. Eastern Europe Commodity Plastics Market Overview
- 19.2. Eastern Europe Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Commodity Plastics Market
- 20.1. Russia Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Commodity Plastics Market
- 21.1. North America Commodity Plastics Market Overview
- 21.2. North America Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Commodity Plastics Market
- 22.1. USA Commodity Plastics Market Overview
- 22.2. USA Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Commodity Plastics Market
- 23.1. South America Commodity Plastics Market Overview
- 23.2. South America Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Commodity Plastics Market
- 24.1. Brazil Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Commodity Plastics Market
- 25.1. Middle East Commodity Plastics Market Overview
- 25.2. Middle East Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Commodity Plastics Market
- 26.1. Africa Commodity Plastics Market Overview
- 26.2. Africa Commodity Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Commodity Plastics Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Commodity Plastics Market Competitive Landscape And Company Profiles
- 27.1. Commodity Plastics Market Competitive Landscape
- 27.2. Commodity Plastics Market Company Profiles
- 27.2.1. Exxon Mobil
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. LG Chem
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Sumitomo Chemical Co. Ltd.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. The Dow Chemical
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Saudi Basic Industries Corporation (SABIC)
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Commodity Plastics Market
29. Commodity Plastics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer