The global commodity plastic market size is anticipated to attain a valuation of US$ 1170 billion by 2034. It is estimated to witness a CAGR of around 6.7% in the forecast period 2024 to 2034. The market is likely to reach a value of US$ 610.1 billion by 2024.
Key Commodity Plastic Market Trends
Attributes | Key Insights |
---|---|
Commodity Plastic Market Anticipated Value (2023A) | US$ 570.2 billion |
Commodity Plastic Market Estimated Valuation (2024E) | US$ 610.1 billion |
Projected Commodity Plastic Market Size (2034F) | US$ 1170 billion |
Value-based CAGR (2024 to 2034) | 6.7% |
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The global commodity plastic market expanded at a CAGR of about 7.9% in the historical period 2019 to 2023. It will likely rise at a CAGR of 6.7% in the assessment period. The market stood at a valuation of US$ 570.2 billion in 2023.
Historical CAGR (2019 to 2023) | 7.9% |
---|---|
Forecast CAGR (2024 to 2034) | 6.7% |
Historical Analysis of the Commodity Plastic Market
Commodity Plastic Applications and Demand Analysis from 2024 to 2034
The table provides information about significant variations in growth rates and dynamic trends in the commodity plastic market. Readers can gain insights into changing consumer tastes and evolving market dynamics throughout an array of different periods. The table offers an explanation of growth potential, scrutinizing the role that actual numbers and predictions have in determining the future path of the market.
Details | CAGR |
---|---|
H1 (2023 to 2033) | 6.40% |
H2 (2023 to 2033) | 6.50% |
H1 (2024 to 2034) | 6.90% |
H2 (2024 to 2034) | 6.60% |
The section below highlights the CAGRs of the leading countries in the commodity plastic market. The three main countries pushing commodity plastic demand include South Korea, Japan, and the United Kingdom.
According to the analysis, South Korea is set to lead the commodity plastic market by showcasing a CAGR of 8.0% in the forecast period. The country is anticipated to be followed by Japan and the United Kingdom, with CAGRs of 7.7% and 7.4%, respectively.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 6.8% |
United Kingdom | 7.4% |
China | 7.0% |
Japan | 7.7% |
South Korea | 8.0% |
The table below showcases the size of the top 5 countries present in the global commodity plastic market. Out of all the countries, the United States is expected to reach a valuation of US$ 210.1 billion by 2034. Followed by the United States, China, and Japan are anticipated to attain valuations of US$ 182.8 billion and US$ 122.1 billion, respectively.
Countries | Market Size (2034) |
---|---|
United States | US$ 210.1 billion |
United Kingdom | US$ 48.4 billion |
China | US$ 182.8 billion |
Japan | US$ 122.1 billion |
South Korea | US$ 72.3 billion |
South Korea’s commodity plastic market is expected to reach a valuation of about US$ 72.3 billion by 2034. It is anticipated to showcase a CAGR of 8.0% in the forecast period. Factors responsible for the country’s growth are:
Japan’s commodity plastic market is projected to witness a CAGR of 7.7% in the evaluation period. It is expected to attain a value of US$ 122.1 billion by 2034. The country is likely to expand at a steady pace due to the following factors:
It is estimated that China will generate a considerable commodity plastic market share in 2034. The country is set to exhibit a CAGR of about 7.0% from 2024 to 2034. This growth is attributed to the following factors:
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The below section shows the global trends in the commodity plastic industry in terms of type and end-use industry. The polyethylene (PE) segment is expected to lead the commodity plastic market based on type. It is set to showcase a CAGR of around 6.5% from 2024 to 2034. Based on the end-use industry, the packaging segment is anticipated to exhibit a dominant CAGR of 6.4% through 2034.
Segment | Value CAGR (2024 to 2034) |
---|---|
Polyethylene (Type) | 6.5% |
Packaging (End-use Industry) | 6.4% |
Based on type, the polyethylene (PE) segment is anticipated to witness a CAGR of 6.5% from 2024 to 2034. Key factors contributing to the segment’s growth are:
In terms of the end-use industry, the packaging segment is predicted to showcase a CAGR of around 6.4% in the estimated period. This growth is attributed to the following factors:
Leading companies in the commodity plastic market are focusing on introducing innovative plastic packaging solutions to cater to the high demand from modern consumers. They are investing huge sums in research & development activities to discover unique packaging that would help reduce plastic pollution and comply with government norms. A handful of other companies are striving to expand their presence in the antimicrobial commodity plastic market.
For instance
The commodity plastic market is set to be worth US$ 1170 billion by 2034.
The commodity plastic market is set to witness a CAGR of 6.7% from 2024 to 2034.
The commodity plastic market witnessed a 7.9% CAGR from 2019 to 2023.
Packaging is expected to lead by showcasing a CAGR of 6.4% through 2034.
Japan’s commodity plastic market is set to be worth US$ 122.1 billion by 2034.
It is a type of plastic that is utilized in high volumes in a wide range of applications.
Yes, plastic is a traded commodity.
Asia Pacific is the largest market for plastic.
Engineering plastic can withstand environmental and mechanical conditions, while commodities cannot.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ billion) & Volume (tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ billion) & Volume (tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) & Volume (tons) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ billion) & Volume (tons) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Polyethylene (PE)
5.3.2. Polypropylene (PP)
5.3.3. Polyvinyl Chloride (PVC)
5.3.4. Polystyrene (PS)
5.3.5. Acrylonitrile Butadiene Styrene (ABS)
5.3.6. Polyethylene Terephthalate (PET)
5.3.7. Poly (Methyl Methacrylate) (PMMA)
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ billion) & Volume (tons) Analysis By End-use Industry, 2019 to 2023
6.3. Current and Future Market Size Value (US$ billion) & Volume (tons) Analysis and Forecast By End-use Industry, 2024 to 2034
6.3.1. Packaging
6.3.2. Automotive
6.3.3. Electronics
6.3.4. Consumer Goods
6.3.5. Construction
6.3.6. Textiles
6.3.7. Medical & Pharmaceutical
6.3.8. Others
6.4. Y-o-Y Growth Trend Analysis By End-use Industry, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End-use Industry, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ billion) & Volume (tons) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ billion) & Volume (tons) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. United States
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By End-use Industry
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By End-use Industry
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By End-use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By End-use Industry
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By End-use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By End-use Industry
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By End-use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By End-use Industry
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By End-use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By End-use Industry
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By End-use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By End-use Industry
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ billion) & Volume (tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ billion) & Volume (tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of Middle East and Africa
14.2.2. By Type
14.2.3. By End-use Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By End-use Industry
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. United States
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Type
15.1.2.2. By End-use Industry
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Type
15.2.2.2. By End-use Industry
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Type
15.3.2.2. By End-use Industry
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Type
15.4.2.2. By End-use Industry
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Type
15.5.2.2. By End-use Industry
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Type
15.6.2.2. By End-use Industry
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Type
15.7.2.2. By End-use Industry
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Type
15.8.2.2. By End-use Industry
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Type
15.9.2.2. By End-use Industry
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Type
15.10.2.2. By End-use Industry
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Type
15.11.2.2. By End-use Industry
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Type
15.12.2.2. By End-use Industry
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Type
15.13.2.2. By End-use Industry
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Type
15.14.2.2. By End-use Industry
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Type
15.15.2.2. By End-use Industry
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Type
15.16.2.2. By End-use Industry
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Type
15.17.2.2. By End-use Industry
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Type
15.18.2.2. By End-use Industry
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Type
15.19.2.2. By End-use Industry
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Type
15.20.2.2. By End-use Industry
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Type
15.21.2.2. By End-use Industry
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Type
15.22.2.2. By End-use Industry
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Type
15.23.2.2. By End-use Industry
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By End-use Industry
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. LG CHEM
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. INEOS
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. LYONDELLBASELL
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. SUMITOMO CHEMICAL
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. SABIC
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. SINOPEC
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. THE DOW CHEMICAL COMPANY
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. EXXON MOBIL CORPORATION
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. FORMOSA PLASTIC
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. BASF SE
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Automotive
February 2024
REP-BR-81
306 pages
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