Reports
Global Plastic Market Size, Share, Outlook, Trends, Forecast: By Product: Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polystyrene (PS), Others; By Application; By End Use; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Plastic Market Outlook
The global plastic market size attained a value of approximately USD 535.8 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.40%, reaching a value of around USD 683.4 billion by 2028.
Increasing consumerism culture worldwide is surging the demand for plastics in a wide range of applications. The versatility of plastics and wide variety of plastics available are driving the growth of the plastic market. Use of plastic in consumer goods and electrical and electronics is on the rise, with increasing incorporation of polyvinyl chloride in in the manufacturing of electrical wiring, light fittings, switches, and handles. The growth of the e-commerce sector is also catalysing the market for plastics, by accelerating the demand for light and efficient packaging of consumer goods to facilitate domestic and international shipping. Development of more eco-friendly plastics and means of recycling are anticipated to aid the market for plastic in the coming years.
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Rising Use of Plastics in Packaging is Augmenting the Plastic Market
The increasing production activities in various industries such as construction, transportation, and textile, among others, owing to the rising population, are fuelling the plastic market. The increasing construction activities in emerging economies, due to the population rise and rapid urbanisation is further catalysing the growth of global market for plastics. In the construction sector, plastics are used in various applications, including decoration, flooring, and waterproofing, among others. Plastic is durable, cost-effective, safe, and energy effective; these properties also contributing to the expansion of market.
Plastics are suited for use in the packaging industry due to their durability and cost-effectiveness. In this regard, the thriving packaging sector, supported by the escalating sale of consumables and drinkables, is providing impetus to the plastic market. Innovations in plastics are increasing their demand from various industries, including food and beverage, healthcare and pharmaceuticals, and cosmetics, among others. Modified atmosphere packaging in the food and beverage industry preserves food freshness and extends the product’s shelf life. In cosmetics, plastic offers lightweight, durable, and attractive packaging solutions. The varying types of plastics and their unique properties increase their usage in consumer goods, which is further augmenting the growth of the market for plastics.
Plastic: Market Segmentation
Plastics are a wide range of synthetic and semi-synthetic materials that contain carbon and hydrogen. Polymers used to create plastics are mixed with additives, such as colourants, stabilisers, and fillers, which affects the chemical and physical properties. Plastics 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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Based on product, the market is segmented into:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Polybutylene Terephthalate (PBT)
- Polycarbonate (PC)
- Others
On the basis of application, the market is classified into:
- Injection Moulding
- Blow Moulding
- Roto Moulding
- Compression Moulding
- Casting
- Thermoforming
- Extrusion
- Calendering
- Others
Based on 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.
Use of Plastics as Metal Substitute to Bolster the Growth of the Plastic Market
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 is further enlarging the market for plastic. Moreover, with the use of specialised design techniques, plastics with better physical and chemical properties than metal can be developed; this is expected to lead to a transition from metals to plastics in the chemical industry, which is expected to augment the global plastic market. 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.
Rising demand for medical personal protective equipment owing to the increasing awareness of the need to protect against infectious diseases is aiding the growth of the market for plastics. The demand for masks, face shields, gowns, goggles, gloves, and overalls, among others, is escalating exponentially, leading to the expansion of plastic market.
However, excessive use of plastics has led to the accumulation of plastic waste around the globe, which can hinder the growth of the plastic. Accordingly, various innovations and evolutions in the market are aiming at promoting the sustainability and recyclability of plastic. Development of recycling applications such as use of plastics in the construction of roads for reduced construction time and low maintenance are propelling the market growth of plastic. The increasing use of recyclable plastics in beauty packaging is providing further impetus to the market growth.
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Key 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
- Saudi Basic Industries Corporation
- The Dow Chemical Company
- Celanese Corporation
- LOTTE Chemical Corporation
- Exxon Mobil Corporation
- DuPont de Nemours, Inc.
- Toray Industries, Inc
- INEOS Limited
- Ducor Petrochemicals B.V
- TotalEnergies SE
- Braskem S.A.
- Repsol S.A.
- Borealis AG
- LG Chem Ltd
- Covestro AG
- Huntsman International LLC.
- PetroChina Company Limited
- Sasol Limited
- Reliance Industries Limited
- Others
The comprehensive report looks into the macro and micro aspects of the market. 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.
Key Highlights of the Report
| 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:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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 Saudi Basic Industries Corporation
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 The Dow Chemical Company
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Celanese Corporation
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 LOTTE Chemical Corporation
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Exxon Mobil Corporation
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 DuPont de Nemours, Inc.
18.2.11.1 Company Overview
18.2.11.2 Product Portfolio
18.2.11.3 Demographic Reach and Achievements
18.2.11.4 Certifications
18.2.12 Toray Industries, Inc
18.2.12.1 Company Overview
18.2.12.2 Product Portfolio
18.2.12.3 Demographic Reach and Achievements
18.2.12.4 Certifications
18.2.13 INEOS Limited
18.2.13.1 Company Overview
18.2.13.2 Product Portfolio
18.2.13.3 Demographic Reach and Achievements
18.2.13.4 Certifications
18.2.14 Ducor Petrochemicals B.V
18.2.14.1 Company Overview
18.2.14.2 Product Portfolio
18.2.14.3 Demographic Reach and Achievements
18.2.14.4 Certifications
18.2.15 TotalEnergies SE
18.2.15.1 Company Overview
18.2.15.2 Product Portfolio
18.2.15.3 Demographic Reach and Achievements
18.2.15.4 Certifications
18.2.16 Braskem S.A.
18.2.16.1 Company Overview
18.2.16.2 Product Portfolio
18.2.16.3 Demographic Reach and Achievements
18.2.16.4 Certifications
18.2.17 Repsol S.A.
18.2.17.1 Company Overview
18.2.17.2 Product Portfolio
18.2.17.3 Demographic Reach and Achievements
18.2.17.4 Certifications
18.2.18 Borealis AG
18.2.18.1 Company Overview
18.2.18.2 Product Portfolio
18.2.18.3 Demographic Reach and Achievements
18.2.18.4 Certifications
18.2.19 LG Chem Ltd
18.2.19.1 Company Overview
18.2.19.2 Product Portfolio
18.2.19.4 Certifications
18.2.19.3 Demographic Reach and Achievements
18.2.20 Covestro AG
18.2.20.1 Company Overview
18.2.20.2 Product Portfolio
18.2.20.4 Certifications
18.2.20.3 Demographic Reach and Achievements
18.2.21 Huntsman International LLC.
18.2.21.1 Company Overview
18.2.21.2 Product Portfolio
18.2.21.4 Certifications
18.2.21.3 Demographic Reach and Achievements
18.2.22 PetroChina Company Limited
18.2.22.1 Company Overview
18.2.22.2 Product Portfolio
18.2.22.3 Demographic Reach and Achievements
18.2.22.4 Certifications
18.2.23 Sasol Limited
18.2.23.1 Company Overview
18.2.23.2 Product Portfolio
18.2.23.3 Demographic Reach and Achievements
18.2.23.4 Certifications
18.2.24 Reliance Industries Limited
18.2.24.1 Company Overview
18.2.24.2 Product Portfolio
18.2.24.3 Demographic Reach and Achievements
18.2.24.4 Certifications
18.2.25 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 2022, the global market for plastic attained a value of approximately USD 535.8 billion.
The market is projected to grow at a CAGR of 4.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 683.4 billion by 2028.
The major market drivers include the increasing use of plastics in the packaging and construction industries, rapid urbanisation, and changing lifestyles.
The key trends of the market include rising use of plastic in the healthcare sector, increasing demand for ready-to-eat foods, rising use in automotives, and development of bioplastics.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products of plastic in the market 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 plastic are injection moulding, blow moulding, roto moulding, compression moulding, casting, thermoforming, extrusion, and calendering, among others.
The primary end uses of plastic are packaging, construction, electrical and electronics, automotive, medical devices, agriculture, furniture and bedding, consumer goods, and utility, among others.
The major players in the market are BASF SE, Evonik Industries AG, Sumitomo Chemical Co., Ltd., Lyondellbasell Industries Holdings B.V., Eastman Chemical Company, Saudi Basic Industries Corporation, The Dow Chemical Company, Celanese Corporation, LOTTE Chemical Corporation, Exxon Mobil Corporation, DuPont de Nemours, Inc., Toray Industries, Inc, INEOS Limited, Ducor Petrochemicals B.V, TotalEnergies SE, Braskem S.A., Repsol S.A., Borealis AG, LG Chem Ltd, Covestro AG, Huntsman International LLC., PetroChina Company Limited, Sasol Limited, and Reliance Industries Limited, among others.
Analyst Review
The global plastic market attained a value of approximately USD 535.8 billion in 2022, driven by the rising use of plastics in packaging and construction industries. Aided by the growing use of plastic in the healthcare sector, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.40%. The market is projected to reach a value of around USD 683.4 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is 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 application, the market is divided into injection moulding, blow moulding, roto moulding, compression moulding, casting, thermoforming, extrusion, and calendering, among others. Based on end use, 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., Eastman Chemical Company, Saudi Basic Industries Corporation, The Dow Chemical Company, Celanese Corporation, LOTTE Chemical Corporation, Exxon Mobil Corporation, DuPont de Nemours, Inc., Toray Industries, Inc, INEOS Limited, Ducor Petrochemicals B.V, TotalEnergies SE, Braskem S.A., Repsol S.A., Borealis AG, LG Chem Ltd, Covestro AG, Huntsman International LLC., PetroChina Company Limited, Sasol Limited, and Reliance Industries Limited, 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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