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Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plastics market size reached US$ 591.81 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 726.23 Billion by 2027, exhibiting a growth rate (CAGR) of 3.32% during 2022-2027.

Plastics refer to polymeric materials made from synthetic or semi-synthetic organic compounds that are malleable and can be molded into desired shapes using heat and pressure. Some of the commonly used plastics include polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and liquid crystal polymers. Plastics are widely used for manufacturing bags, cups, cases, bottles, food wraps, tableware, wire insulations, and non-stick surfaces. They are cost-effective, lightweight, and durable and offer corrosion resistance, high thermal and electrical insulation, and inertness to biological materials. As a result, plastics find extensive applications across the packaging, construction, agriculture, automotive, electronics, healthcare, and textile industries.

Plastics Market Trends:

The increasing product utilization in the packaging industry is one of the key factors driving the market growth. Plastics are widely used to pack pickles, processed vegetables and fruits, syrups, jams, baby food and dairy products. In line with this, rising demand for ready-to-eat (RTE) food products due to hectic lifestyles and busy schedules is acting as another growth-inducing factor. Furthermore, the widespread product adoption in the automotive industry to manufacture vehicle components and improve fuel efficiency, reduce weight, enhance safety, minimize noise, and lower production costs is providing a considerable boost to the market growth. Apart from this, the introduction of bioplastics with potential applications in food packaging, agriculture, horticulture, medical devices, and cosmetics, due to their lower carbon footprint, non-toxicity, safety, and bio-inertness, is creating a positive outlook for the market. Additionally, the increasing demand for engineering plastics that offer excellent load capacity, thermal stability, mechanical strength, and durability is propelling the market growth. Moreover, the widespread product demand for manufacturing composite materials as a replacement for metals, such as steel and aluminum, for applications in industrial engineering, building, construction, and machinery is providing an impetus to the market growth. Other factors, including rapid industrialization, extensive research and development (R&D) activities, and rising investments by several governments in infrastructural development, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plastics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end user.

Breakup by Type:

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Others
     

Breakup by Application:

  • Injection Molding
  • Blow Molding
  • Roto Molding
  • Compression Molding
  • Casting
  • Thermoforming
  • Extrusion
  • Calendering
  • Others
     

Breakup by End User:

  • Packaging
  • Automotive
  • Infrastructure and Construction
  • Consumer Goods
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A, BASF SE, Celanese Corporation, Chevron Phillips Chemical Co. LLC, Chimei Corporation, Covestro AG, Dow Inc., Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Sumitomo Chemical Co. Ltd. and Toray Industries Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arkema S.A, BASF SE, Celanese Corporation, Chevron Phillips Chemical Co. LLC, Chimei Corporation, Covestro AG, Dow Inc., Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Sumitomo Chemical Co. Ltd. and Toray Industries Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global plastics market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global plastics market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global plastics market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Plastics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Polyethylene
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Polypropylene
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Polyvinyl Chloride
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Injection Molding
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Blow Molding
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Roto Molding
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Compression Molding
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Casting
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Thermoforming
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Extrusion
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Calendering
        7.8.1 Market Trends
        7.8.2 Market Forecast
    7.9    Others
        7.9.1 Market Trends
        7.9.2 Market Forecast
8    Market Breakup by End User
    8.1    Packaging
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Automotive
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Infrastructure and Construction
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Consumer Goods
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Arkema S.A
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    BASF SE
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Celanese Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Chevron Phillips Chemical Co. LLC
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 SWOT Analysis
        14.3.5    Chimei Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Covestro AG
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Dow Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Eastman Chemical Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Evonik Industries AG
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Exxon Mobil Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Sumitomo Chemical Co. Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Toray Industries Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Plastics Market: Major Drivers and Challenges
Figure 2: Global: Plastics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Plastics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Plastics Market: Breakup by Type (in %), 2021
Figure 5: Global: Plastics Market: Breakup by Application (in %), 2021
Figure 6: Global: Plastics Market: Breakup by End User (in %), 2021
Figure 7: Global: Plastics Market: Breakup by Region (in %), 2021
Figure 8: Global: Plastics (Polyethylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Plastics (Polyethylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Plastics (Polypropylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Plastics (Polypropylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Plastics (Polyvinyl Chloride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Plastics (Polyvinyl Chloride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Plastics (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Plastics (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Plastics (Injection Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Plastics (Injection Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Plastics (Blow Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Plastics (Blow Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Plastics (Roto Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Plastics (Roto Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Plastics (Compression Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Plastics (Compression Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Plastics (Casting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Plastics (Casting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Plastics (Thermoforming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Plastics (Thermoforming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Plastics (Extrusion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Plastics (Extrusion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Plastics (Calendering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Plastics (Calendering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Plastics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Plastics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Plastics (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Plastics (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Plastics (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Plastics (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Plastics (Infrastructure and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Plastics (Infrastructure and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Plastics (Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Plastics (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Plastics (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Plastics (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: North America: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: North America: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: United States: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: United States: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Canada: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Canada: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Asia-Pacific: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Asia-Pacific: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: China: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: China: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Japan: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Japan: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: India: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: India: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: South Korea: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: South Korea: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Australia: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Australia: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Indonesia: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Indonesia: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Europe: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Europe: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Germany: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Germany: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: France: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: France: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: United Kingdom: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: United Kingdom: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Italy: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Italy: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Spain: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Spain: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Russia: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Russia: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Latin America: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Latin America: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Brazil: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Brazil: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Mexico: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Mexico: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Others: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Others: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Middle East and Africa: Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Middle East and Africa: Plastics Market: Breakup by Country (in %), 2021
Figure 92: Middle East and Africa: Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Global: Plastics Industry: SWOT Analysis
Figure 94: Global: Plastics Industry: Value Chain Analysis
Figure 95: Global: Plastics Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Plastics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Plastics Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Plastics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Plastics Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Plastics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Plastics Market: Competitive Structure
Table 7: Global: Plastics Market: Key Players


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