Reports
Global Plastic Market: By Product: Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polystyrene (PS), Others; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Plastic Market Outlook
The global plastic market attained a value of nearly USD 580 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.5% to attain nearly USD 713 billion by 2026.
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Rising Use of Plastics in Packaging Industry Augmenting the Plastic Industry
The increasing production activities in various industries such as construction, transportation, and textile, among others, owing to the rising population, are fuelling the plastics industry. Moreover, plastics are also used as a metal substitute to improve fuel efficiency and promote green energy in the automobile sector, which is aiding the market growth. The increasing construction activities in emerging economies such as India, China, and Brazil due to the population spurge and rapid urbanisation is further catalysing the market growth for plastics. Plastics are used in various applications in the construction sector, including decoration, flooring, and waterproofing, among others. Plastic is durable, cost-effective, safe, energy effective, and recyclable; these properties also aid the industry growth.
Moreover, plastics are suitable to be used in the packaging industry due to their durability and cost-effectiveness. Innovations in the plastic industry are increasing its demand in the food and beverage industry, health and pharmaceutical sector, and the cosmetics industry, among others. Modified atmosphere packaging in the food and beverage industry preserves food freshness and extends the product’s shelf life while plastic offers lightweight, durable, and attractive packaging solutions in the cosmetics industry; such developments are significantly facilitating the market growth. Additionally, the varying types of plastics and their unique properties ensure their usage in consumer goods, which is further augmenting the market growth.
Plastic: Market Segmentation
Plastics are a wide range of synthetic and semi-synthetic materials and always include carbon and hydrogen. The polymer that is used to create plastics is mixed with additives, such as colourants, stabilisers, and fillers, which affects the chemical and physical properties. They are used in a wide range of applications and in almost every industry, such as construction, textile, healthcare, transportation, and electronics, among others.
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The major products of plastic are:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Polybutylene Terephthalate (PBT)
- Polycarbonate (PC)
- Others
The market can be broadly classified on the basis of its applications into:
- Injection Moulding
- Blow Moulding
- Roto Moulding
- Compression Moulding
- Casting
- Thermoforming
- Extrusion
- Calendering
- Others
Based on the end use, the market is divided into:
- Packaging
- Construction
- Electrical and Electronics
- Automotive
- Medical Devices
- Agriculture
- Furniture and Bedding
- Consumer Goods
- Utility
- Others
The EMR report looks into the regional markets of plastic like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Use of Plastics as Metal Substitute to Bolster the Growth of Plastic Industry
The substitution of metal such as aluminium and iron with plastics is facilitating the market growth. Advanced and cost-effective plastics are increasingly used in all types of industries owing to the high strength, superior flexibility, and consistent reliability while reducing the cost by 20-25%, which are further aiding the market growth. Moreover, with the use of specialised design techniques, plastic with better physical and chemical properties than metal can be developed; this is expected to further aid the industry growth. As plastics are extremely lightweight, they are used in a variety of transportation activities, including glazing, partitions, light diffusers, and headliners, while improving the fuel economy, consequently invigorating the market growth.
Furthermore, the rising demand for medical personal protective equipment owing to the coronavirus pandemic is lubricating the growth of the plastic industry. The demand for masks, face shields, gowns, goggles, gloves, and overalls, among others, is escalating exponentially, leading to the growth of the market. The excessive use of plastics has led to the accumulation of plastic waste around the globe, which can hinder the growth of the plastic industry. However, various innovations and evolutions in the industry to promote sustainability and recyclability are driving the market growth. The use of plastics in the construction of roads posits various advantages like less construction time and low maintenance; the advent of plastic roads as a way to increase sustainability is propelling the industry growth. The increasing use of recyclable plastics in beauty packaging is providing further impetus to the market growth.
Key Industry Players in the Global Plastic Market
The report presents a detailed analysis of the following key players in the global plastic market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BASF SE
- Evonik Industries AG
- Sumitomo Chemical Co., Ltd.
- Lyondellbasell Industries Holdings B.V.
- Eastman Chemical Company
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, End Use, Region |
| Breakup by Product | Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Others |
| Breakup by Application | Injection Moulding, Blow Moulding, Roto Moulding, Compression Moulding, Casting, Thermoforming, Extrusion, Calendering, Others |
| Breakup by End Use | Packaging, Construction, Electrical and Electronics, Automotive, Medical Devices, Agriculture, Furniture and Bedding, Consumer Goods, Utility, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE, Evonik Industries AG, Sumitomo Chemical Co., Ltd., Lyondellbasell Industries Holdings B.V., Eastman Chemical Company, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plastic Market Analysis
8.1 Key Industry Highlights
8.2 Global Plastic Historical Market (2018-2022)
8.3 Global Plastic Market Forecast (2023-2028)
8.4 Global Plastic Market by Product
8.4.1 Polyethylene (PE)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Polypropylene (PP)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Polyurethane (PU)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Polyvinyl chloride (PVC)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Polyethylene terephthalate (PET)
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Polystyrene (PS)
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Acrylonitrile Butadiene Styrene (ABS)
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Polybutylene Terephthalate (PBT)
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2018-2022)
8.4.8.3 Forecast Trend (2023-2028)
8.4.9 Polycarbonate (PC)
8.4.9.1 Market Share
8.4.9.2 Historical Trend (2018-2022)
8.4.9.3 Forecast Trend (2023-2028)
8.4.10 Others
8.5 Global Plastic Market by Application
8.5.1 Injection Moulding
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Blow Moulding
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Roto Moulding
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Compression Moulding
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Casting
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Thermoforming
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Extrusion
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Calendering
8.5.8.1 Market Share
8.5.8.2 Historical Trend (2018-2022)
8.5.8.3 Forecast Trend (2023-2028)
8.5.9 Others
8.6 Global Plastic Market by End Use
8.6.1 Packaging
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Construction
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Electrical and Electronics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Automotive
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Medical Devices
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Agriculture
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Furniture and Bedding
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Consumer Goods
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2018-2022)
8.6.8.3 Forecast Trend (2023-2028)
8.6.9 Utility
8.6.9.1 Market Share
8.6.9.2 Historical Trend (2018-2022)
8.6.9.3 Forecast Trend (2023-2028)
8.6.10 Others
8.7 Global Plastic Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Plastic Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Plastic Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Plastic Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Plastic Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Plastic Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 BASF SE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Evonik Industries AG
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Sumitomo Chemical Co., Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Lyondellbasell Industries Holdings B.V.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Eastman Chemical Company
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Plastic Market: Key Industry Highlights, 2018 and 2028
2. Global Plastic Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Plastic Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Plastic Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Plastic Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Plastic Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Plastic Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Plastic Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Plastic Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Plastic Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Plastic Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Plastic Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Plastic Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Plastic Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Plastic Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Plastic Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Plastic Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Plastic Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Plastic Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Plastic Market Structure
Key Questions Answered in the Report
In 2020, the global plastic market attained a value of nearly USD 580 billion.
The market is projected to grow at a CAGR of 3.5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach nearly USD 713 billion by 2026.
The industry is being aided by the increasing use of plastics in the packaging and construction industries, rapid urbanisation, and changing lifestyles.
The market is driven by the rising use of plastic in the healthcare sector due to the coronavirus pandemic.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of plastic in the industry are polyethylene (PE), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polybutylene terephthalate (PBT), and polycarbonate (PC), among others.
The significant applications of plastics are injection moulding, blow moulding, roto moulding, compression moulding, casting, thermoforming, extrusion, and calendering, among others.
The major end uses of plastics are packaging, construction, electrical and electronics, automotive, medical devices, agriculture, furniture and bedding, consumer goods, and utility, among others.
The major players in the industry are BASF SE, Evonik Industries AG, Sumitomo Chemical Co., Ltd., Lyondellbasell Industries Holdings B.V., and Eastman Chemical Company, among others.
Analyst Review
The global plastic market attained a value of nearly USD 580 billion in 2020, driven by the rising use of plastics in packaging and construction industries. Aided by the growing use of plastic in the healthcare sector due to the coronavirus pandemic, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%. The market is projected to reach nearly USD 713 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the plastic industry can be segmented into polyethylene (PE), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polybutylene terephthalate (PBT), and polycarbonate (PC), among others. On the basis of applications, the industry is divided into injection moulding, blow moulding, roto moulding, compression moulding, casting, thermoforming, extrusion, and calendering, among others. Based on the end uses, the market is segmented into packaging, construction, electrical and electronics, automotive, medical devices, agriculture, furniture and bedding, consumer goods, and utility, among others. The major regional markets for plastic are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Evonik Industries AG, Sumitomo Chemical Co., Ltd., Lyondellbasell Industries Holdings B.V., and Eastman Chemical Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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