Plastic Market – Global Industry Analysis and Forecast (2022-2029)

Plastic Market was worth US$ 460.28 Bn in 2021 and overall revenue is anticipated to rise at a rate of 5.0% from 2022 to 2029, reaching almost US$ 680.04 Bn in 2029. The report has covered the market trends from 2017 to forecast the market through 2029. 2021 is considered a base year. Special attention is given to 2021 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. Plastic Market To know about the Research Methodology :- Request Free Sample Report

COVID-19 impact on market:

COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.

Global Plastic Market Overview:

Over the forecast period, rising plastic use in the construction, automotive, and electrical and electronics industries is expected to drive market expansion. Plastic is being used as a substitute for metals, such as aluminum and steel, in the fabrication of automobile components as a result of regulations aimed at reducing gross vehicle mass enhance better fuel efficiency and less carbon emission. The construction industry's expansion in emerging economies such as Brazil, China, India, and Mexico has helped to feed demand for plastics.

Global Plastic Market Dynamics:

Growing population, combined with fast urbanization and industrialization in emerging countries, has pushed federal governments to expand construction industry spending more to meet rising infrastructure demands. The government of china and India spending on infrastructure and construction, will stimulate demand for plastic in these applications. Concerns about plastic waste are a major hindrance to the growth of the commodity plastics business. Because of its slow decomposition rate, plastic trash is a huge environmental hazard. It is recycled, disposed of in landfills, or dumped in the ocean. Dumping plastics in landfills degrades soil quality by releasing toxic chemicals into the environment. These hazardous substances released into the environment may come into contact with groundwater, posing serious health risks. Marine life is severely harmed by plastics poured into the ocean. Birds, fish, and other marine creatures may become entangled in it or die as a result of consuming these plastics.

Global Plastic Market Segment Analysis:

Global Plastic Market is segmented into by product type and Application. Based on Product type, Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polystyrene (PS), Acrylonitrile butadiene styrene (ABS), Polybutylene terephthalate (PBT), Epoxy Polymers and Polyphenylene Oxide (PPO). Polyethylene had the highest revenue share in 2021, accounting for more than 25.0 %. Containers and bottles, plastic bags, plastic films, and geomembranes are just a few examples of where it's employed. It has a wide range of applications. PE polymers are classified into three categories based on their molecular weight: HDPE, LDPE, and LLDPE. PE polymers of low molecular weight are used in lubricants, mid molecular weight polymers are used as wax miscible with paraffin, and high molecular weight polymers are employed in the plastic industry. Based on Application, Injection Molding, Blow Molding, Roto Molding, Compression Molding and Casting. In 2021, the injection molding application segment accounted for about 43.0 % revenue. For making custom plastic parts, injection molding is a standard approach. Because the plastic parts are made in moulds and must be cooled before being removed, it is a discontinuous process. An injection molding machine, moulds, and plastic materials are required for this operation. To make the final product, molten plastic is pumped into a mould cavity and then cooled. It's commonly used to make vehicle parts, containers, and medical equipment, among other things.

PlasticGlobal Plastic Market Regional Analysis:

Asia Pacific Dominate the Global Plastic Market In 2021, Asia Pacific (including China) dominated the market, accounting for more than 44.0 % of worldwide revenue. Plastic consumption in the automotive, construction, packaging, and electrical and electronics industries is likely to rise as the industrial sector expands. In recent years, India and China have seen a surge in car production as a result of technology transfer from Western markets. Also, the industry is expected to benefit from a well-established manufacturing base for electrical and electronics in Taiwan, China, and South Korea. India has a robust chemical manufacturing industry, which helps it produce more plastic. Rapid urbanization, rising economic conditions, and increasing infrastructure developments are all contributing to Asia Pacific's market growth. The objective of the report is to present a comprehensive analysis of the Global Plastic market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Plastic market dynamics, structure by analyzing the market segments and project the Global Plastic market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Plastic market make the report investor’s guide.

Global Plastic Market Scope: Inquire before buying

Global Plastic Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 460.28 Bn.
Forecast Period 2022 to 2029 CAGR: 5.0% Market Size in 2029: US $ 680.04 Bn.
Segments Covered: by Product • PE • PP • PU • PVC • Polystyrene • ABS • PBT • PPO • Epoxy Polymers • LCP • PC • Polyamide
by Application • Packaging • Automotive & Transportation • Infrastructure & Construction • Consumer Goods/Lifestyle • Healthcare & Pharmaceutical • Electrical & Electronics

Global Plastic Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Plastic Market, Key Players

• BASF SE • SABIC • Dow Inc. • DuPont de Nemours, Inc. • Evonik Industries • Sumitomo Chemical Co., Ltd. • Arkema • Celanese Corporation • Eastman Chemical Company • Chevron Phillips Chemical Co., LLC • Lotte Chemical Corporation • Exxon Mobil Corporation • Formosa Plastic Corporation • Covestro AG • Toray Industries, Inc. • Mitsui & Co. Plastic Ltd. Frequently Asked Questions: 1) What was the market size of Global Plastic Market in 2021? Ans - Global Plastic Market was worth US$ 460.28 Bn in 2021. 2) What is the market segment of Global Plastic Market? Ans -The market segments are based on Product and Application. 3) What is forecast period consider for Global Plastic Market? Ans -The forecast period Global Plastic Market is 2022 to 2029. 4) Which region is dominated in Global Plastic Market? Ans - In 2021, Asia Pacific region dominated the Global Plastic Market. 5) What was the market size of Global Plastic Market in 2029? Ans - Global Plastic Market size is estimated to reach US$ 680.04 Bn in 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Plastic Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Plastic Market 3.4. Geographical Snapshot of the Plastic Market, By Manufacturer share 4. Global Plastic Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Product Type s 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Plastic Market 5. Supply Side and Demand Side Indicators 6. Global Plastic Market Analysis and Forecast, 2021-2029 6.1. Global Plastic Market Size & Y-o-Y Growth Analysis. 7. Global Plastic Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 7.1.1. PE 7.1.2. PP 7.1.3. PU 7.1.4. PVC 7.1.5. Polystyrene 7.1.6. ABS 7.1.7. PBT 7.1.8. PPO 7.1.9. Epoxy Polymers 7.1.10. LCP 7.1.11. PC 7.1.12. Polyamide 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Packaging 7.2.2. Automotive & Transportation 7.2.3. Infrastructure & Construction 7.2.4. Consumer Goods/Lifestyle 7.2.5. Healthcare & Pharmaceutical 7.2.6. Electrical & Electronics 8. Global Plastic Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Plastic Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 9.1.1. PE 9.1.2. PP 9.1.3. PU 9.1.4. PVC 9.1.5. Polystyrene 9.1.6. ABS 9.1.7. PBT 9.1.8. PPO 9.1.9. Epoxy Polymers 9.1.10. LCP 9.1.11. PC 9.1.12. Polyamide 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Packaging 9.2.2. Automotive & Transportation 9.2.3. Infrastructure & Construction 9.2.4. Consumer Goods/Lifestyle 9.2.5. Healthcare & Pharmaceutical 9.2.6. Electrical & Electronics 10. North America Plastic Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Plastic Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Plastic Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Plastic Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Plastic Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Plastic Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Plastic Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Plastic Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Plastic Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Plastic Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Plastic Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Plastic Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Plastic Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Plastic Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Plastic Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Plastic Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Plastic Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Plastic Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Plastic Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Plastic Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Plastic Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Plastic Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Plastic Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Plastic Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Plastic Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Plastic Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Plastic Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Plastic Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Plastic Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Plastic Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Plastic Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Plastic Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Plastic Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Plastic Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Plastic Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Plastic Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, End-Use Industries and R&D Investment 45.2.2. New Product Type Launches and Product Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals[ 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. BASF SE 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. SABIC 45.3.3. Dow Inc. 45.3.4. DuPont de Nemours, Inc. 45.3.5. Evonik Industries 45.3.6. Sumitomo Chemical Co., Ltd. 45.3.7. Arkema 45.3.8. Celanese Corporation 45.3.9. Eastman Chemical Company 45.3.10. Chevron Phillips Chemical Co., LLC 45.3.11. Lotte Chemical Corporation 45.3.12. Exxon Mobil Corporation 45.3.13. Formosa Plastic Corporation 45.3.14. Covestro AG 45.3.15. Toray Industries, Inc. 45.3.16. Mitsui & Co. Plastic Ltd. 45.3.17. Other Key Players 46. Primary Key Insights

About This Report

Report ID 100495
Category Material & Chemical
Published Date May 2021
Updated Date Sep 2022
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