Product Code: IRTNTR75161
Commodity Plastics Market 2024-2028
The commodity plastics market is forecasted to grow by USD 189.5 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the commodity plastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for packaging material, increasing demand for commodity plastics from developing countries, and diverse applications of plastics.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.23% |
CAGR | 6.78% |
Incremental Value | $189.5 bn |
Technavio's commodity plastics market is segmented as below:
By Product
- Polyethylene
- Polypropylene
- Polyvinyl chloride
- Polyethylene terephthalate
- Polyethylene terephthalate
By Application
- Packaging
- Consumer goods
- Electronics
- Automotive
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing recycling techniques as one of the prime reasons driving the commodity plastics market growth during the next few years. Also, increasing demand for engineered plastics and growing demand for bioplastics will lead to sizable demand in the market.
The report on the commodity plastics market covers the following areas:
- Commodity plastics market sizing
- Commodity plastics market forecast
- Commodity plastics market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commodity plastics market vendors that include BASF SE, Braskem SA, Chevron Corp., Covestro AG, Dow Chemical Co., Eastman Chemical Co., Exxon Mobil Corp., Formosa Plastics Group, Hanwha Corp., INEOS AG, LG Chem Ltd., Lotte Chemical Corp., LyondellBasell Industries N.V., Mitsubishi Chemical Corp., OMV Aktiengesellschaft, PTT Chemical Public Co. Ltd., Reliance Industries Ltd., Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., and TotalEnergies SE. Also, the commodity plastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Commodity Plastics Market 2018 - 2022
- Historic Market Size - Data Table on Global Commodity Plastics Market 2018 - 2022 ($ billion)
- 4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
- 4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 6.3 Polyethylene (PE) - Market size and forecast 2023-2028
- Chart on Polyethylene (PE) - Market size and forecast 2023-2028 ($ billion)
- Data Table on Polyethylene (PE) - Market size and forecast 2023-2028 ($ billion)
- Chart on Polyethylene (PE) - Year-over-year growth 2023-2028 (%)
- Data Table on Polyethylene (PE) - Year-over-year growth 2023-2028 (%)
- 6.4 Polypropylene (PP) - Market size and forecast 2023-2028
- Chart on Polypropylene (PP) - Market size and forecast 2023-2028 ($ billion)
- Data Table on Polypropylene (PP) - Market size and forecast 2023-2028 ($ billion)
- Chart on Polypropylene (PP) - Year-over-year growth 2023-2028 (%)
- Data Table on Polypropylene (PP) - Year-over-year growth 2023-2028 (%)
- 6.5 Polyvinyl chloride (PVC) - Market size and forecast 2023-2028
- Chart on Polyvinyl chloride (PVC) - Market size and forecast 2023-2028 ($ billion)
- Data Table on Polyvinyl chloride (PVC) - Market size and forecast 2023-2028 ($ billion)
- Chart on Polyvinyl chloride (PVC) - Year-over-year growth 2023-2028 (%)
- Data Table on Polyvinyl chloride (PVC) - Year-over-year growth 2023-2028 (%)
- 6.6 Polyethylene terephthalate (PET) - Market size and forecast 2023-2028
- Chart on Polyethylene terephthalate (PET) - Market size and forecast 2023-2028 ($ billion)
- Data Table on Polyethylene terephthalate (PET) - Market size and forecast 2023-2028 ($ billion)
- Chart on Polyethylene terephthalate (PET) - Year-over-year growth 2023-2028 (%)
- Data Table on Polyethylene terephthalate (PET) - Year-over-year growth 2023-2028 (%)
- 6.7 Polyethylene terephthalate (PS) - Market size and forecast 2023-2028
- Chart on Polyethylene terephthalate (PS) - Market size and forecast 2023-2028 ($ billion)
- Data Table on Polyethylene terephthalate (PS) - Market size and forecast 2023-2028 ($ billion)
- Chart on Polyethylene terephthalate (PS) - Year-over-year growth 2023-2028 (%)
- Data Table on Polyethylene terephthalate (PS) - Year-over-year growth 2023-2028 (%)
- 6.8 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Application
- 7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 7.3 Packaging - Market size and forecast 2023-2028
- Chart on Packaging - Market size and forecast 2023-2028 ($ billion)
- Data Table on Packaging - Market size and forecast 2023-2028 ($ billion)
- Chart on Packaging - Year-over-year growth 2023-2028 (%)
- Data Table on Packaging - Year-over-year growth 2023-2028 (%)
- 7.4 Consumer goods - Market size and forecast 2023-2028
- Chart on Consumer goods - Market size and forecast 2023-2028 ($ billion)
- Data Table on Consumer goods - Market size and forecast 2023-2028 ($ billion)
- Chart on Consumer goods - Year-over-year growth 2023-2028 (%)
- Data Table on Consumer goods - Year-over-year growth 2023-2028 (%)
- 7.5 Electronics - Market size and forecast 2023-2028
- Chart on Electronics - Market size and forecast 2023-2028 ($ billion)
- Data Table on Electronics - Market size and forecast 2023-2028 ($ billion)
- Chart on Electronics - Year-over-year growth 2023-2028 (%)
- Data Table on Electronics - Year-over-year growth 2023-2028 (%)
- 7.6 Automotive - Market size and forecast 2023-2028
- Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
- Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
- Chart on Automotive - Year-over-year growth 2023-2028 (%)
- Data Table on Automotive - Year-over-year growth 2023-2028 (%)
- 7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 BASF SE
- BASF SE - Overview
- BASF SE - Business segments
- BASF SE - Key news
- BASF SE - Key offerings
- BASF SE - Segment focus
- 12.4 Braskem SA
- Braskem SA - Overview
- Braskem SA - Business segments
- Braskem SA - Key news
- Braskem SA - Key offerings
- Braskem SA - Segment focus
- 12.5 Chevron Corp.
- Chevron Corp. - Overview
- Chevron Corp. - Business segments
- Chevron Corp. - Key news
- Chevron Corp. - Key offerings
- Chevron Corp. - Segment focus
- 12.6 Dow Inc.
- Dow Inc. - Overview
- Dow Inc. - Business segments
- Dow Inc. - Key news
- Dow Inc. - Key offerings
- Dow Inc. - Segment focus
- 12.7 Eastman Chemical Co.
- Eastman Chemical Co. - Overview
- Eastman Chemical Co. - Business segments
- Eastman Chemical Co. - Key news
- Eastman Chemical Co. - Key offerings
- Eastman Chemical Co. - Segment focus
- 12.8 Exxon Mobil Corp.
- Exxon Mobil Corp. - Overview
- Exxon Mobil Corp. - Business segments
- Exxon Mobil Corp. - Key news
- Exxon Mobil Corp. - Key offerings
- Exxon Mobil Corp. - Segment focus
- 12.9 Formosa Plastics Group
- Formosa Plastics Group - Overview
- Formosa Plastics Group - Product / Service
- Formosa Plastics Group - Key offerings
- 12.10 INEOS Group Holdings SA
- INEOS Group Holdings SA - Overview
- INEOS Group Holdings SA - Product / Service
- INEOS Group Holdings SA - Key news
- INEOS Group Holdings SA - Key offerings
- 12.11 LG Chem Ltd.
- LG Chem Ltd. - Overview
- LG Chem Ltd. - Business segments
- LG Chem Ltd. - Key news
- LG Chem Ltd. - Key offerings
- LG Chem Ltd. - Segment focus
- 12.12 Lotte Chemical Corp.
- Lotte Chemical Corp. - Overview
- Lotte Chemical Corp. - Business segments
- Lotte Chemical Corp. - Key news
- Lotte Chemical Corp. - Key offerings
- Lotte Chemical Corp. - Segment focus
- 12.13 LyondellBasell Industries NV
- LyondellBasell Industries NV - Overview
- LyondellBasell Industries NV - Business segments
- LyondellBasell Industries NV - Key news
- LyondellBasell Industries NV - Key offerings
- LyondellBasell Industries NV - Segment focus
- 12.14 Mitsubishi Chemical Corp.
- Mitsubishi Chemical Corp. - Overview
- Mitsubishi Chemical Corp. - Business segments
- Mitsubishi Chemical Corp. - Key offerings
- Mitsubishi Chemical Corp. - Segment focus
- 12.15 Reliance Industries Ltd.
- Reliance Industries Ltd. - Overview
- Reliance Industries Ltd. - Business segments
- Reliance Industries Ltd. - Key news
- Reliance Industries Ltd. - Key offerings
- Reliance Industries Ltd. - Segment focus
- 12.16 Saudi Basic Industries Corp.
- Saudi Basic Industries Corp. - Overview
- Saudi Basic Industries Corp. - Business segments
- Saudi Basic Industries Corp. - Key offerings
- Saudi Basic Industries Corp. - Segment focus
- 12.17 TotalEnergies SE
- TotalEnergies SE - Overview
- TotalEnergies SE - Business segments
- TotalEnergies SE - Key news
- TotalEnergies SE - Key offerings
- TotalEnergies SE - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations