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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 737.8 billion by 2029 | 6.4% | Asia Pacific |
| By Type | By End User | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Commodity Plastics Market Overview
The global commodity plastics market is expected to grow at 6.4% CAGR from 2021 to 2029. It is expected to reach above USD 737.8 billion by 2029 from USD 477.91 billion in 2021.
Commodity plastics or commodity polymers are plastics manufactured in large quantities for applications where remarkable material qualities are not required (such as packaging, food containers, and household products). Commodity plastics, in contrast to engineering plastics, are less expensive to make and have relatively poor mechanical qualities. Polyethylene, polypropylene, polystyrene, polyvinyl chloride, and polyethylene are some examples of commodity plastics (methyl methacrylate). Polypropylene and Polyethylene are the most extensively utilized thermoplastics worldwide.
Rising disposable income and increased demand for consumer products are driving market expansion. Furthermore, rising demand from the packaging industry and rising manufacturing of lightweight electric cars boost the expansion of the commodity plastics market. The increasing use of plastics in the packaging sector is fueling demand for commodity plastics, which is driving market revenue growth. Commodity plastics are made from polyethylene, polyvinyl chloride, and polypropylene.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) (Kilotons) |
| Segmentation | By Type, End User, and region. |
| By Type |
|
| By End User |
|
| By Region |
|
The main restraining growth of the commodity plastics market is its low degradation rate and environmental concern. Rising awareness about the harmful effects of plastics on the environment and the presence of stringent rules regarding the excessive use of plastic materials are some key factors restraining the revenue growth of the commodity plastics market.
The global commodity plastics market is expected to witness a moderate decrease in its growth rate, as the commodity plastics used in automotive, construction, textiles, and electronics will witness a significant decline in its demand. Due to the negative impact of COVID-19 on sales, many companies are scrapping their outlook plans for the second quarter of 2020 and through the rest of the year. The electronics industry consists of various sectors, such as the semiconductor sector. The industry is thus largely dependent on China, and hence the occurrence of COVID-19 has caused disruption in the electrical & electronics industry. The impact of COVID-19 on the global construction business is detrimental. Constructors are at the forefront as they are services and product providers at the same time. The virus affected both material and labor, key cost components of construction projects. The demand for textiles products absorbed and domestic sales have come down to a grinding halt due to the panic situation created by COVID-19. However, there will be an increase in the demand for the commodity plastics used in the packaging, consumer goods, and medical & pharmaceutical industries.
The US, China, India, and Germany, among others, lead the commodity plastics industry. Among other emerging nations, Brazil, China, South Africa, and Argentina have considerable development potential for the commodity plastics industry. Growing economic activity in these emerging nations, such as fast industrialization and urbanization, are fueling the need for these polymers. Automobile, building, packaging, consumer goods, and medical and pharmaceutical sectors are all fast expanding in these nations.
Commodity Plastics Market Segment Analysis
The commodity plastics market is segmented into type, end user, region, and global trends. These segments are further divided into type such as PE, PP, PVC, ABS, PET, and PMMA; end user such as packaging, construction, consumer goods, automotive, electronics, textiles, medical & pharmaceutical.
The most common plastic is polyethylene or polythene (abbreviated PE; IUPAC names polyethylene or poly(methylene)). It is a polymer, principally used for packaging (plastic bags, plastic films, geomembranes, and containers including bottles, etc.). As of 2017, about 100 million tons of polyethylene resins are being manufactured yearly, accounting for 34% of the overall plastics market. The increasing use of consumer durable items, packaging, and the medical and pharmaceutical sectors is likely to fuel segment expansion throughout the forecast period. Extended Polyethylene (EPE) is a high-performance polyethylene that is predicted to drive product demand in the coming years.
The packaging end-use category led the market. The rising need for flexible packaging due to its durability, cheap cost, and high recyclability are likely to enhance product demand in the packaging industry. Furthermore, advancements in packaging materials technology and the increased usage of renewable polymers for packaging are expected to drive category expansion in the upcoming years.
Commodity Plastics Market Players
Key market players covered by the commodity plastics market analysis are Exxon Mobil, LG Chem, Sumitomo Chemical, The Dow Chemical Company, SABIC, BASF SE, LyondellBasell, Sinopec, Ineos, Formosa Plastics, Mitsubishi Chemical, Borealis AG, Chevron Phillips Chemical, ENI SpA, Reliance Industries, Braskem, Hanwha Chemical, Indian Oil, Haldia Petrochemicals, Nova Chemicals, Qenos Pty, Qatar Petroleum, Westlake Chemical, and PTT Global Chemical.
Industry Development:
- January 24, 2023: SABIC, a global leader in the chemical industry showcased at photonics West 2023 booth #5512 its newest thermoplastic materials well-suited for advanced optical components which would support top industrial trends such as the migration to co-packaged optics and single-mode fiber optic systems.
- February 2, 2023: Mitsubishi Chemical Group announced that it has decided to establish a new facility at the Okayama Plant to enhance the production capacity of GOHSENX and Nichigo G-Polymer, specialty brands of polyvinyl alcohol resin, and the facility is scheduled to start operation in Oct 2024.
- February 13, 2023: LyondeBasell industries made changes to its Advanced Polymer Solutions unit, which includes North America’s largest plastics compounding business.
Who Should Buy? Or Key stakeholders
- Government and Research Organization
- Medical & Pharmaceutical Industry
- Scientific research Industry
- Automotive industry
- Textiles Industry
- Packaging Industry
- Electronics
- Construction
- Consumer Goods
- Others
Commodity Plastics Market Regional Analysis
The commodity plastics market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
Asia Pacific is a significant growth in the commodity plastics market. Due to the increased need for commodity plastics in the packaging and medical & pharmaceutical sectors, particularly in China, India, and Japan. Additionally, economic and healthcare growth in Asia Pacific nations, as well as increased building expenditure, are important drivers that are likely to drive commodity plastic demand in the future. Although China is the world’s largest manufacturer of plastic, the adoption of legislation to encourage sustainable plastic waste management is likely to have a negative impact on revenue development.
North America is predicted to develop rapidly in the commodity plastics market throughout the forecast period. Rising emphasis on sophisticated packaging materials, as well as rising demand for renewable packaging materials, are key drivers of revenue growth in this region.
Key Market Segments: Commodity Plastics Market
Commodity Plastics Market By Type, 2020-2029, (USD Billion) (Kilotons)
- PE
- PP
- PVC
- PS
- ABS
- PET
- PMMA
Commodity Plastics Market By End User, 2020-2029, (USD Billion) (Kilotons)
- Packaging
- Construction
- Consumer Goods
- Automotive
- Electronics
- Textiles
- Medical & Pharmaceutical
Commodity Plastics Market By Region, 2020-2029, (USD Billion) (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- Who are the major players in the commodity plastics market and what is their market share?
- What are the end-user industries driving demand for the market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the commodity plastics market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the commodity plastics market?
- What are the key drivers of growth in the commodity plastics market?
- What are the distribution channels and supply chain dynamics in the commodity plastics market?
- What are the technological advancements and innovations in the commodity plastics market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the commodity plastics market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the commodity plastics market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of commodity plastics in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL COMMODITY PLASTICS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON COMMODITY PLASTICS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL COMMODITY PLASTICS MARKET OUTLOOK
- GLOBAL COMMODITY PLASTICS MARKET BY TYPE, 2020-2029, (USD BILLION) (KILOTONS)
- PE
- PP
- PVC
- PS
- ABS
- PET
- PMMA
- GLOBAL COMMODITY PLASTICS MARKET BY END USER, 2020-2029, (USD BILLION) (KILOTONS)
- PACKAGING
- CONSTRUCTION
- CONSUMER GOODS
- AUTOMOTIVE
- ELECTRONICS
- TEXTILES
- MEDICAL & PHARMACEUTICAL
- GLOBAL COMMODITY PLASTICS MARKET BY REGION, 2020-2029, (USD BILLION) (KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
9.1. EXXON MOBIL
9.2. LG CHEM
9.3. SUMITOMO CHEMICAL
9.4. THE DOW CHEMICAL COMPANY
9.5. SABIC
9.6. BASF SE
9.7. LYONDELLBASELL
9.8. SINOPEC
9.9. INEOS
9.10. FORMOSA PLASTICS
9.11. MITSUBISHI CHEMICAL
9.12. BOREALIS AG
9.13. CHEVRON PHILLIPS CHEMICAL
9.14. ENI SPA
9.15. WESTLAKE CHEMICAL
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY REGION (KILOTONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA COMMODITY PLASTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA COMMODITY PLASTICS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA COMMODITY PLASTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA COMMODITY PLASTICS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE COMMODITY PLASTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE COMMODITY PLASTICS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA COMMODITY PLASTICS MARKET BY END USER (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY END USER, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY TYPE, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY END USER, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL COMMODITY PLASTICS MARKET BY REGION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â EXXON MOBIL: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â LG CHEM: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â SUMITOMO CHEMICAL: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â SABIC: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â BASF SE: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â LYONDEBASELL: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â SINOPEC: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â INEOS: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â FORMOSA PLASTICS: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â MITSUBISHI CHEMICAL: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â BOREALIS AG: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â CHEVRON PHILIPS CHEMICAL: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â ENI SPA: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â NOVA CHEMICALS: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â WESTLAKE CHEMICAL: COMPANY SNAPSHOT
FAQ
The global commodity plastics market is expected to grow at 6.4% CAGR from 2021 to 2029. It is expected to reach above USD 737.8 billion by 2029 from USD 477.91 billion in 2021.
Asia Pacific is a significant growth in the commodity plastics market. Due to the increased need for commodity plastics in the packaging and medical & pharmaceutical sectors, particularly in China, India, and Japan. Additionally, economic and healthcare growth in Asia Pacific nations, as well as increased building expenditure, are important drivers that are likely to drive commodity plastic demand in the future. Although China is the world’s largest manufacturer of plastic, the adoption of legislation to encourage sustainable plastic waste management is likely to have a negative impact on revenue development.
Key market players covered by the commodity plastics market analysis are Exxon Mobil, LG Chem, Sumitomo Chemical, The Dow Chemical Company, SABIC, BASF SE, LyondellBasell, Sinopec, Ineos, Formosa Plastics, Mitsubishi Chemical, Borealis AG, Chevron Phillips Chemical, ENI SpA, Reliance Industries, Braskem, Hanwha Chemical, Indian Oil, Haldia Petrochemicals, Nova Chemicals, Qenos Pty, Qatar Petroleum, Westlake Chemical, and PTT Global Chemical
Rising disposable income and increased demand for consumer products are driving market expansion. Furthermore, rising demand from the packaging industry and rising manufacturing of lightweight electric cars boost the expansion of the commodity plastics market. The increasing use of plastics in the packaging sector is fueling demand for commodity plastics, which is driving market revenue growth. Commodity plastics are made from polyethylene, polyvinyl chloride, and polypropylene.
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