Commodity Plastics Market - Forecasts from 2025 to 2030

The commodity plastics market is evaluated at US$550.637 billion for 2025 and is projected to increase at a CAGR of 5.44% over the forecast period to reach a market size of US$717.787 billion by 2030.

Commodity plastics refer to plastics that are used in several different industries. Some examples include Polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), Polystyrene (PS), and poly (methyl methacrylate) (PMMA). PE is the main driver of growth in the commodity plastics market. This is mainly due to the expected increase in the use of PE and PVC in the consumer goods and packaging industry. PE and PVC are readily available, have low processing costs, and can be molded into different shapes while being colorless.

Additionally, standard plastics in recent years have been relieving the industries of the metal required for important components having higher tensile strength, lower cost, greater accessibility, and ease of processing.

Global commodity plastics market drivers

With an increase in disposable income, particularly in developing countries, combined with rapid urbanization and the growing use of e-commerce, the demand for consumer goods has been on the rise, boosting the commodity plastics market. In line with this, e-commerce is experiencing growth in India owing to factors such as consumer mobile internet use, growing affluence, and affordable data tariffs. India is the second-largest internet market in the world, with roughly 950 million users and 131.16 lakh Cr UPI transactions in FY 2023-2024.

• The commodity plastic market is competitive and saturated, with several big and small players catering to local and international demands. Some of the most significant players in the global commodity plastic market include BASF SE, Exxon Mobil Corporation, Formosa Plastics Corporation, INEOS AG, and LG Chem, Ltd. These key players are adopting various strategies to outcompete their rivals in the commodity plastic market. They are focusing on strategic developments worldwide regarding acquisitions, mergers, collaboration, partnerships, and new product launches in recent years.

Global commodity plastics market geographical outlook

Asia Pacific’s commodity plastics market is anticipated to grow significantly.

The APAC region mainly dominates the global commodity plastics market. This market is expected to grow due to an increase in population and demand for packaging materials, especially in the pharmaceutical sector.

The Indian packaging market is projected to grow at a compound annual growth rate (CAGR) of 26.7% from 2020 to 2025, reaching $204.81 billion.

The flattened cans, printed sheets and components, lug caps, crown cork, plastic film laminates, craft paper, paper board, and packaging machinery are some of the products that have made the Indian packaging sector known. Nonetheless, tinplate, coating and lining compounds, and other products are among the imports.

In addition, over the past 30 years, China's pharmaceutical manufacturing industry has grown rapidly, but the country's medical regulatory system could not keep up with this fast expansion. Having acknowledged this, China is now strongly emphasizing bolstering that framework in terms of rule-making and staff additions.

Reasons for buying this report::

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data & forecasts from 2022 to 2029
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The global commodity plastics market is analyzed into the following segments:

By Type

• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Poly (methyl methacrylate) (PMMA)

By Application

• Packaging
• Automotive
• Electronics
• Consumer goods
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Rest of the Middle East and Africa
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific