Commodity Plastic Trends and Forecast
The future of the global commodity plastic market looks promising with opportunities in the packaging, construction, consumer good, automotive, electronic, textile, and medical & pharmaceutical markets. The global commodity plastic market is expected to reach an estimated $757.1 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are expanding packaging sector, increasing inclination towards bio-based polyethylene terephthalate (PET), polystyrene (PS), polyethylene (PE) to petroleum-based plastic products, and surging manufacturing of lightweight electric vehicles.Commodity Plastic by Segment
The study includes a forecast for the global commodity plastic by type, end use, and region.Commodity Plastic Market by Type [Shipment Analysis by Value from 2018 to 2030]
- PE
- PP
- PVC
- PS
- ABS
- PET
- PMMA
Commodity Plastic Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Packaging
- Construction
- Consumer Goods
- Automotive
- Electronics
- Textiles
- Medical & Pharmaceutical
- Others
Commodity Plastic Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Commodity Plastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commodity plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commodity plastic companies profiled in this report include-- Exxon Mobil
- LG Chem
- Sumitomo Chemical
- The Dow Chemical Company
- SABIC
- BASF
- LyondellBasell
Commodity Plastic Market Insights
The publisher forecasts that PET is expected to witness the highest growth over the forecast period due to its effective water and moisture resistance capabilities.Within this market, packaging will remain the largest segment due to growing demand packaged food & beverages and increasing adoption of flexible packaging.
APAC is expected to witness highest growth over the forecast period due to rising population, industrial development, and rising investments in the construction industry.
Features of the Global Commodity Plastic Market
- Market Size Estimates: Commodity plastic market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Commodity plastic market size by type, end use, and region in terms of value ($B).
- Regional Analysis: Commodity plastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the commodity plastic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commodity plastic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the commodity plastic market size?Answer: The global commodity plastic market is expected to reach an estimated $757.1 billion by 2030.
Q2. What is the growth forecast for commodity plastic market?
Answer: The global commodity plastic market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the commodity plastic market?
Answer: The major drivers for this market are expanding packaging sector, increasing inclination towards bio-based polyethylene terephthalate (PET), polystyrene (PS), polyethylene (PE) to petroleum-based plastic products, and surging manufacturing of lightweight electric vehicles.
Q4. What are the major segments for commodity plastic market?
Answer: The future of the commodity plastic market looks promising with opportunities in the packaging, construction, consumer good, automotive, electronic, textile, and medical & pharmaceutical markets.
Q5. Who are the key commodity plastic market companies?
Answer: Some of the key commodity plastic companies are as follows:
- Exxon Mobil
- LG Chem
- Sumitomo Chemical
- The Dow Chemical Company
- SABIC
- BASF
- LyondellBasell
Answer: The publisher forecasts that PET is expected to witness the highest growth over the forecast period due to its effective water and moisture resistance capabilities.
Q7. In commodity plastic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising population, industrial development, and rising investments in the construction industry.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the commodity plastic market by type (PE, PP, PVC, PS, ABS, PET, and PMMA), end use (packaging, construction, consumer goods, automotive, electronics, textiles, medical & pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Commodity Plastic Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Exxon Mobil
- LG Chem
- Sumitomo Chemical
- The Dow Chemical Company
- SABIC
- BASF
- LyondellBasell
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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