Commodity Plastics Market Report 2026

The commodity plastics market size has grown strongly in recent years. It will grow from $557.92 billion in 2025 to $596.48 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of mass consumer goods manufacturing, availability of low-cost polymer feedstocks, growth of plastic packaging usage, increasing adoption in consumer products, expansion of global plastic production capacity.

The commodity plastics market size is expected to see strong growth in the next few years. It will grow to $765.67 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising regulatory pressure on plastic waste, increasing shift toward recyclable plastics, growing demand from automotive lightweighting, expansion of sustainable material alternatives, increasing investments in plastic recycling infrastructure. Major trends in the forecast period include increasing demand for cost-efficient plastic materials, rising use of recyclable commodity plastics, expansion of high-volume plastic production, growing adoption in single-use applications, enhanced focus on lightweight plastic products.

The rapid growth of the construction industry is expected to propel the commodity plastics market in the coming years. The construction sector involves a wide array of activities related to structural and infrastructure planning, design, development, and construction. Commodity plastics such as polyethylene and polypropylene are widely used in pipes, insulation, wiring conduits, and fixtures due to their affordability, durability, and lightweight properties, which enhance performance and efficiency across construction projects. For instance, in November 2023, according to the Australian Bureau of Statistics, an autonomous agency responsible for data collection and analysis, total construction work increased by 1.3% to $64.76 billion, while building work rose by 0.2% to $34.3 billion. Therefore, the rapid growth of the construction industry is driving the commodity plastics market.

Sustainability is shaping innovation in the commodity plastics market, with companies developing eco-friendly plastics to reduce environmental impact and meet the rising demand for sustainable materials. Eco-friendly plastics are designed to minimize environmental harm, often derived from renewable resources or biodegradable substances, and aim to reduce pollution in landfills and oceans. For instance, in March 2023, LG Chem, a South Korea-based chemicals company, launched Polyethylene Carbonate (PEC), developed in partnership with COSMAX. PEC is an eco-friendly plastic produced from carbon dioxide and ethylene oxide, offering a sustainable alternative to petroleum-based plastics. It is primarily used in cosmetic containers and food packaging, supporting a reduced carbon footprint and environmental initiatives.

In February 2025, Berry Global Inc., a US-based manufacturing company, acquired CMG Plastics, a US-based producer of rigid plastic containers, bottles, and closures, for an undisclosed amount. This acquisition aims to expand Berry Global’s consumer packaging portfolio and strengthen its presence in the rigid plastic packaging segment.

Major companies operating in the commodity plastics market are China Petrochemical Corporation, Exxon Mobil Corporation, ENI SpA, Indian Oil Corporation Limited, Reliance Industries Ltd., BASF SE, The Dow Chemical International Private Limited, Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation, Qatar Petroleum, LyondellBasell Industries N.V., LG Chem Ltd., Mitsubishi Chemical Systems Inc., Sumitomo Chemical Co. Ltd., INEOS Group, PTT Global Chemical Public Company Limited, Westlake Corp., Chevron Phillips Chemical Company LLC, Braskem India Private Limited, DuPont de Nemours Inc., Eastman Chemical Company, Formosa Plastics Corporation, Borealis AG, Nova Chemicals Corp., Haldia Petrochemicals Ltd., Qenos Pty Ltd., Hanwha Chemical India Private Limited, Lotte Chemical Engineering Plastics Private Limited.

Asia-Pacific was the largest region in the commodity plastics market in 2025. The regions covered in the commodity plastics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commodity plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

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