Global Commodity Plastics Market 2024-2028
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.
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.