Commodity plastics are plastics that are used in high volume and wide range of applications, such as film for packaging, photographic and magnetic tape, clothing, beverage and trash containers and a variety of household products where mechanical properties and service environments are not critical.
Market Analysis and Insights: Global Commodity Plastic Market
Due to the COVID-19 pandemic, the global Commodity Plastic market size is estimated to be worth US$ 462490 million in 2022 and is forecast to a readjusted size of US$ 545840 million by 2028 with a CAGR of 2.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PE accounting for % of the Commodity Plastic global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Packaging segment is altered to an % CAGR throughout this forecast period.
Research analysis on the global commodity plastic market identifies increasing use of commodity plastics over glass materials for food and beverage packaging will be one of the major factors that will have a positive impact on the growth of the market.
Global Commodity Plastic Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Commodity Plastic Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
PE
PP
PVC
PET
PS
Other
Segment by Application
Packaging
Consumer goods
Electronics
Automotive
Textiles
Pharmaceuticals
Other
By Company
BASF
China Petrochemical Corporation
DuPont
Exxon Mobil
LG Chem
LyondellBasell Industries Holdings
SABIC
Sumitomo Chemical
The Dow Chemical Company
Borealis
Chevron Phillips Chemical Company
Formosa Plastics
INEOS
National Petrochemical Company
NOVA Chemicals
Reliance Industries Limited
Royal DSM
USI
Versalis
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina