Global Plastic Market 2023-2027

Global Plastic Market 2023-2027

Technavio has been monitoring the plastic market and is forecast to grow by $214.81 bn during 2022-2027, accelerating at a CAGR of 6.27% during the forecast period. Our report on the plastic 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 from developing countries, and diverse applications of plastics.

Technavio's plastic market is segmented as below:

By Technique

  • Injection molding
  • Blow molding
  • Roto molding
  • Casting
  • Others
By End-user
  • Packaging
  • Consumer goods
  • Automotive
  • Electrical and electronics
  • Others
By Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the growing recycling techniques as one of the prime reasons driving the plastic 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.

Technavio 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. Our report on the plastic market covers the following areas:
  • Plastic market sizing
  • Plastic market forecast
  • Plastic market industry analysis
Technavio's robust 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 plastic market vendors that include Arkema Group, BASF SE, Berry Global Inc., Celanese Corp., Chevron Phillips Chemical Co. LLC, Covestro AG, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Formosa Plastics Corp., Huntsman Corp., INEOS Group Holdings SA, Jain Irrigation Systems Ltd., Lotte Chemical Corp., LyondellBasell Industries NV, Mitsui and Co. Ltd., Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., and Toray Industries Inc. Also, the plastic 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Technique
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global plastic market 2017 - 2021
      • Table Historic Market Size – Data table on global plastic market 2017 - 2021 ($ billion)
    • Technique Segment Analysis 2017 - 2021
      • Table Historic Market Size – Technique Segment 2017 - 2021 ($ billion)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Technique
    • Market segments
      • Table Chart on Technique - Market share 2022-2027 (%)
      • Table Data Table on Technique - Market share 2022-2027 (%)
    • Comparison by Technique
      • Table Chart on Comparison by Technique
      • Table Data Table on Comparison by Technique
    • Injection molding - Market size and forecast 2022-2027
      • Table Chart on Injection molding - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Injection molding - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Injection molding - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Injection molding - Year-over-year growth 2022-2027 (%)
    • Blow molding - Market size and forecast 2022-2027
      • Table Chart on Blow molding - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Blow molding - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Blow molding - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Blow molding - Year-over-year growth 2022-2027 (%)
    • Roto molding - Market size and forecast 2022-2027
      • Table Chart on Roto molding - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Roto molding - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Roto molding - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Roto molding - Year-over-year growth 2022-2027 (%)
    • Casting - Market size and forecast 2022-2027
      • Table Chart on Casting - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Casting - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Casting - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Casting - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Technique
      • Table Market opportunity by Technique ($ billion)
      • Table Data Table on Market opportunity by Technique ($ billion)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Packaging - Market size and forecast 2022-2027
      • Table Chart on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Packaging - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Packaging - Year-over-year growth 2022-2027 (%)
    • Consumer goods - Market size and forecast 2022-2027
      • Table Chart on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
    • Automotive - Market size and forecast 2022-2027
      • Table Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • Electrical and electronics - Market size and forecast 2022-2027
      • Table Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing demand for packaging material
      • Increasing demand from developing countries
      • Diverse applications of plastics
    • Market challenges
      • Stringent regulations over usage of plastics
      • Volatility in raw material prices
      • Environmental hazards associated with plastics production
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Growing recycling techniques
      • Increasing demand for engineered plastics
      • Growing demand for bioplastics
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Arkema Group
      • Table Arkema Group - Overview
      • Table Arkema Group - Business segments
      • Table Arkema Group - Key news
      • Table Arkema Group - Key offerings
      • Table Arkema Group - Segment focus
    • BASF SE
      • Table BASF SE - Overview
      • Table BASF SE - Business segments
      • Table BASF SE - Key news
      • Table BASF SE - Key offerings
      • Table BASF SE - Segment focus
    • Berry Global Inc.
      • Table Berry Global Inc. - Overview
      • Table Berry Global Inc. - Business segments
      • Table Berry Global Inc. - Key news
      • Table Berry Global Inc. - Key offerings
      • Table Berry Global Inc. - Segment focus
    • Celanese Corp.
      • Table Celanese Corp. - Overview
      • Table Celanese Corp. - Business segments
      • Table Celanese Corp. - Key offerings
      • Table Celanese Corp. - Segment focus
    • Chevron Phillips Chemical Co. LLC
      • Table Chevron Phillips Chemical Co. LLC - Overview
      • Table Chevron Phillips Chemical Co. LLC - Product / Service
      • Table Chevron Phillips Chemical Co. LLC - Key news
      • Table Chevron Phillips Chemical Co. LLC - Key offerings
    • Covestro AG
      • Table Covestro AG - Overview
      • Table Covestro AG - Business segments
      • Table Covestro AG - Key news
      • Table Covestro AG - Key offerings
      • Table Covestro AG - Segment focus
    • Dow Inc.
      • Table Dow Inc. - Overview
      • Table Dow Inc. - Business segments
      • Table Dow Inc. - Key news
      • Table Dow Inc. - Key offerings
      • Table Dow Inc. - Segment focus
    • Eastman Chemical Co.
      • Table Eastman Chemical Co. - Overview
      • Table Eastman Chemical Co. - Business segments
      • Table Eastman Chemical Co. - Key offerings
      • Table Eastman Chemical Co. - Segment focus
    • Evonik Industries AG
      • Table Evonik Industries AG - Overview
      • Table Evonik Industries AG - Business segments
      • Table Evonik Industries AG - Key news
      • Table Evonik Industries AG - Key offerings
      • Table Evonik Industries AG - Segment focus
    • Exxon Mobil Corp.
      • Table Exxon Mobil Corp. - Overview
      • Table Exxon Mobil Corp. - Business segments
      • Table Exxon Mobil Corp. - Key news
      • Table Exxon Mobil Corp. - Key offerings
      • Table Exxon Mobil Corp. - Segment focus
    • Formosa Plastics Corp.
      • Table Formosa Plastics Corp. - Overview
      • Table Formosa Plastics Corp. - Product / Service
      • Table Formosa Plastics Corp. - Key offerings
    • Jain Irrigation Systems Ltd.
      • Table Jain Irrigation Systems Ltd. - Overview
      • Table Jain Irrigation Systems Ltd. - Business segments
      • Table Jain Irrigation Systems Ltd. - Key offerings
      • Table Jain Irrigation Systems Ltd. - Segment focus
    • Mitsui and Co. Ltd.
      • Table Mitsui and Co. Ltd. - Overview
      • Table Mitsui and Co. Ltd. - Business segments
      • Table Mitsui and Co. Ltd. - Key offerings
      • Table Mitsui and Co. Ltd. - Segment focus
    • Saudi Basic Industries Corp.
      • Table Saudi Basic Industries Corp. - Overview
      • Table Saudi Basic Industries Corp. - Business segments
      • Table Saudi Basic Industries Corp. - Key offerings
      • Table Saudi Basic Industries Corp. - Segment focus
    • Toray Industries Inc.
      • Table Toray Industries Inc. - Overview
      • Table Toray Industries Inc. - Business segments
      • Table Toray Industries Inc. - Key offerings
      • Table Toray Industries Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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