Commodity Plastics Market
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PUBLISHED: 2021 ID: SMRC20723
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Commodity Plastics Market Forecasts to 2028 – Global Analysis By Type (PET, ABS, PP), Type of Plastic (Non Reusable or Recyclable, Reusable and Recyclable), End User (Furniture & Décor, Textiles, Consumer Goods) and By Geography

4.1 (25 reviews)
4.1 (25 reviews)
Published: 2021 ID: SMRC20723

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Commodity Plastics Market is accounted for $468.30 billion in 2020 and is expected to reach $866.79 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Growing packaging industry, growing production of lightweight electric vehicles and increasing metal prices are driving the market growth. However, an increased environmental concern over plastic waste is hampering the growth of the market.

The commodity plastics refer to plastics used in large volume for regular household applications and have higher mechanical strength as compared to other substitutes therefore these plastics are not used in critical service environments. These plastics are highly suitable for packaging applications as they can be easily recycled and molded into a variety of shapes. Commodity plastics are produced in high volumes for various applications where special material properties are not needed. Commodity plastics are immune to abrasion, lighter in weight, and structurally.

Based on the end user, the packaging segment is going to have lucrative growth during the forecast as packaging is an indispensable process for preserving and transporting goods. The aim of any packaging system is to prevent or delay undesirable changes in appearance, flavor, odor, and texture. Active and intelligent packaging is a new technical tool which better controls the food from contamination and maintains its quality. Changing consumer lifestyle with rising disposable income has resulted in an increase in the importance of plastics as packaging products.

By geography, Asia Pacific is going to have high growth during the forecast period due to the growing demand for commodity plastic from the packaging and medical & pharmaceutical sector, especially in Asian countries like China, India, and Japan, is expected to drive the market growth in the region. Moreover, economic and healthcare development in the Asia Pacific countries associated with rising investments in the construction industry are major factors that are expected to drive the demand for commodity plastic in the region over the forecast period.

Some of the key players profiled in the Commodity Plastics Market include BASF SE, Dow Inc., SABIC, DuPont de Nemours, Inc., Mitsubishi Chemicals Holdings Corporation, Eastman Chemical Company, LG Chemicals, Chevron Phillips Chemical Co., LLC, Arkema SA, Exxon Mobil Corporation, Nippon Polyurethane Industry Corp Ltd., Huntsman Corporation, Mitsui Chemicals Inc., Qatar Petroleum and Exxon Mobil.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 468.30 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

8.0%

Predicted 2028 Value:

USD 866.79 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

393

Chapters Covered:

Type, Type of Plastic, End User and Region

Core Drivers and Opportunities:

  • Growing packaging industry
  • Increasing metal prices
  • Rapid industrialization and urbanization

Restraining Factors & Market Threats:

  • Increased environmental concern over plastic waste
  • Government regulations on the use of plastics for packaging


Types Covered:
• Polyethylene Terephthalate (PET)
• Polyester
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polystyrene (PS)   

Type of Plastics Covered:
• Recyclable
• Non Reusable or Recyclable
• Reusable and Recyclable 

End Users Covered:
• Furniture & Décor
• Textiles (Fibers and Fabrics)
• Packaging
• Electrical & Electronics
• Medical & Pharmaceutical
• Automotive & Transportation
• Building & Construction
• Consumer Durable Goods
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Commodity Plastics Market is majorly driven by growing production of lightweight electric vehicles, growing packaging industry and increasing disposable income generating high demand for consumer goods.

The polyethylene terephthalate (PET) segment is growing at a highest CAGR as a large number of consumer products, beverages, and food items are packaged and delivered and with this material.

North America dominated with a significant market share due to the factors such as environmental safety factors and government rules regarding ban of plastics, presence of key players and the expansion of the construction sector across the region.

Asia Pacific market is growing at a highest CAGR owing to the increasing population, industrialization, and urbanization is augmenting the commodity plastics market growth.

Key players in Commodity Plastics Market include BASF SE, Dow Inc., SABIC, DuPont de Nemours, Inc., Mitsubishi Chemicals Holdings Corporation, Eastman Chemical Company, LG Chemicals, Chevron Phillips Chemical Co., LLC, Arkema SA, Exxon Mobil Corporation, Nippon Polyurethane Industry Corp Ltd., Huntsman Corporation, Mitsui Chemicals Inc., Qatar Petroleum and Exxon Mobil.

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    

 3.1 Introduction   
 3.2 Drivers    
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 End User Analysis   
 3.7 Emerging Markets   
 3.8 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Commodity Plastics Market, By Type    
 5.1 Introduction   
 5.2 Polyethylene Terephthalate (PET)   
 5.3 Polyester   
 5.4 Acrylonitrile Butadiene Styrene (ABS)   
 5.5 Polypropylene (PP)   
  5.5.1 Polypropylene Co-Polymers (PPC)  
  5.5.2 Polypropylene Homo-Polymers (PPH)  
  5.5.3 Poly (Methyl Methacrylate) (PMMA)  
 5.6 Polyvinyl Chloride (PVC)   
  5.6.1 Flexible Polyvinyl Chloride (PVC)  
  5.6.2 Rigid Polyvinyl Chloride (PVC)  
 5.7 Polyethylene (PE)   
  5.7.1 Ultra-High Molecular Weight Polyethylene (UHMW)  
  5.7.2 Linear Low density polythene (LLDPE)  
  5.7.3 Low Density Polythene (LDPE)  
  5.7.4 High Density Polythene (HDPE)  
 5.8 Polystyrene (PS)   
     
6 Global Commodity Plastics Market, By Type of Plastic    
 6.1 Introduction   
 6.2 Recyclable   
 6.3 Non Reusable or Recyclable   
 6.4 Reusable and Recyclable   
     
7 Global Commodity Plastics Market, By End User    
 7.1 Introduction   
 7.2 Furniture & Décor   
 7.3 Textiles (Fibers and Fabrics)   
 7.4 Packaging   
  7.4.1 Cereal Box Liners  
  7.4.2 Plastic Bags  
  7.4.3 Milk Jugs  
  7.4.4 Film Wraps  
  7.4.5 Industrial & Household Chemical Containers  
 7.5 Electrical & Electronics   
  7.5.1 Electronic Components  
  7.5.2 Telecommunications  
  7.5.3 Semiconductors  
  7.5.4 Displays  
 7.6 Medical & Pharmaceutical   
  7.6.1 Therapeutic Systems  
  7.6.2 Surgical Equipment   
  7.6.3 Medical or Laboratory Tools  
  7.6.4 Pharmacy Prescription Bottles  
 7.7 Automotive & Transportation   
  7.7.1 Grilles  
  7.7.2 Car Bumpers  
  7.7.3 Air Dams  
  7.7.4 Consoles  
  7.7.5 Rocker Panels  
 7.8 Building & Construction    
  7.8.1 Insulation  
  7.8.2 Piping  
  7.8.3 Wall Covering  
  7.8.4 Roofing  
  7.8.5 Doors  
  7.8.6 Window Covering  
  7.8.7 Flooring  
 7.9 Consumer Durable Goods   
  7.9.1 Utensils  
  7.9.2 Indoor-Outdoor Carpeting  
  7.9.3 Food Storage Containers  
  7.9.4 Weather-Resistant Clothing  
 7.10 Other End Users   
  7.10.1 Educational Stationery  
  7.10.2 Bike Spare Parts  
  7.10.3 Agricultural Films  
  7.10.4 Sports Equipment  
     
8 Global Commodity Plastics Market, By Geography    
 8.1 Introduction   
 8.2 North America   
  8.2.1 US  
  8.2.2 Canada  
  8.2.3 Mexico  
 8.3 Europe   
  8.3.1 Germany  
  8.3.2 UK  
  8.3.3 Italy  
  8.3.4 France  
  8.3.5 Spain  
  8.3.6 Rest of Europe  
 8.4 Asia Pacific   
  8.4.1 Japan  
  8.4.2 China  
  8.4.3 India  
  8.4.4 Australia  
  8.4.5 New Zealand  
  8.4.6 South Korea  
  8.4.7 Rest of Asia Pacific  
 8.5 South America   
  8.5.1 Argentina  
  8.5.2 Brazil  
  8.5.3 Chile  
  8.5.4 Rest of South America  
 8.6 Middle East & Africa   
  8.6.1 Saudi Arabia  
  8.6.2 UAE  
  8.6.3 Qatar  
  8.6.4 South Africa  
  8.6.5 Rest of Middle East & Africa  
     
9 Key Developments    
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 9.2 Acquisitions & Mergers   
 9.3 New Product Launch   
 9.4 Expansions   
 9.5 Other Key Strategies   
     
10 Company Profiling    
 10.1 BASF SE   
 10.2 Dow Inc.   
 10.3 SABIC   
 10.4 DuPont de Nemours, Inc.   
 10.5 Mitsubishi Chemicals Holdings Corporation   
 10.6 Eastman Chemical Company   
 10.7 LG Chemicals   
 10.8 Chevron Phillips Chemical Co., LLC   
 10.9 Arkema SA   
 10.10 Exxon Mobil Corporation   
 10.11 Nippon Polyurethane Industry Corp Ltd.   
 10.12 Huntsman Corporation   
 10.13 Mitsui Chemicals Inc.   
 10.14 Qatar Petroleum   
 10.15 Exxon Mobil   


List of Tables     
1 Global Commodity Plastics Market Outlook, By Region (2019-2028) ($MN)    
2 Global Commodity Plastics Market Outlook, By Type (2019-2028) ($MN)    
3 Global Commodity Plastics Market Outlook, By Polyethylene Terephthalate (PET) (2019-2028) ($MN)    
4 Global Commodity Plastics Market Outlook, By Polyester (2019-2028) ($MN)    
5 Global Commodity Plastics Market Outlook, By Acrylonitrile Butadiene Styrene (ABS) (2019-2028) ($MN)    
6 Global Commodity Plastics Market Outlook, By Polypropylene (PP) (2019-2028) ($MN)    
7 Global Commodity Plastics Market Outlook, By Polypropylene Co-Polymers (PPC) (2019-2028) ($MN)    
8 Global Commodity Plastics Market Outlook, By Polypropylene Homo-Polymers (PPH) (2019-2028) ($MN)    
9 Global Commodity Plastics Market Outlook, By Poly (Methyl Methacrylate) (PMMA) (2019-2028) ($MN)    
10 Global Commodity Plastics Market Outlook, By Polyvinyl Chloride (PVC) (2019-2028) ($MN)    
11 Global Commodity Plastics Market Outlook, By Flexible Polyvinyl Chloride (PVC) (2019-2028) ($MN)    
12 Global Commodity Plastics Market Outlook, By Rigid Polyvinyl Chloride (PVC) (2019-2028) ($MN)    
13 Global Commodity Plastics Market Outlook, By Polyethylene (PE) (2019-2028) ($MN)    
14 Global Commodity Plastics Market Outlook, By Ultra-High Molecular Weight Polyethylene (UHMW) (2019-2028) ($MN)    
15 Global Commodity Plastics Market Outlook, By Linear Low density polythene (LLDPE) (2019-2028) ($MN)    
16 Global Commodity Plastics Market Outlook, By Low Density Polythene (LDPE) (2019-2028) ($MN)    
17 Global Commodity Plastics Market Outlook, By High Density Polythene (HDPE) (2019-2028) ($MN)    
18 Global Commodity Plastics Market Outlook, By Polystyrene (PS) (2019-2028) ($MN)    
19 Global Commodity Plastics Market Outlook, By Type of Plastic (2019-2028) ($MN)    
20 Global Commodity Plastics Market Outlook, By Recyclable (2019-2028) ($MN)    
21 Global Commodity Plastics Market Outlook, By Non Reusable or Recyclable (2019-2028) ($MN)    
22 Global Commodity Plastics Market Outlook, By Reusable and Recyclable (2019-2028) ($MN)    
23 Global Commodity Plastics Market Outlook, By End User (2019-2028) ($MN)    
24 Global Commodity Plastics Market Outlook, By Furniture & Décor (2019-2028) ($MN)    
25 Global Commodity Plastics Market Outlook, By Textiles (Fibers and Fabrics) (2019-2028) ($MN)    
26 Global Commodity Plastics Market Outlook, By Packaging (2019-2028) ($MN)    
27 Global Commodity Plastics Market Outlook, By Cereal Box Liners (2019-2028) ($MN)    
28 Global Commodity Plastics Market Outlook, By Plastic Bags (2019-2028) ($MN)    
29 Global Commodity Plastics Market Outlook, By Milk Jugs (2019-2028) ($MN)    
30 Global Commodity Plastics Market Outlook, By Film Wraps (2019-2028) ($MN)    
31 Global Commodity Plastics Market Outlook, By Industrial & Household Chemical Containers (2019-2028) ($MN)    
32 Global Commodity Plastics Market Outlook, By Electrical & Electronics (2019-2028) ($MN)    
33 Global Commodity Plastics Market Outlook, By Electronic Components (2019-2028) ($MN)    
34 Global Commodity Plastics Market Outlook, By Telecommunications (2019-2028) ($MN)    
35 Global Commodity Plastics Market Outlook, By Semiconductors (2019-2028) ($MN)    
36 Global Commodity Plastics Market Outlook, By Displays (2019-2028) ($MN)    
37 Global Commodity Plastics Market Outlook, By Medical & Pharmaceutical (2019-2028) ($MN)    
38 Global Commodity Plastics Market Outlook, By Therapeutic Systems (2019-2028) ($MN)    
39 Global Commodity Plastics Market Outlook, By Surgical Equipment (2019-2028) ($MN)    
40 Global Commodity Plastics Market Outlook, By Medical or Laboratory Tools (2019-2028) ($MN)    
41 Global Commodity Plastics Market Outlook, By Pharmacy Prescription Bottles (2019-2028) ($MN)    
42 Global Commodity Plastics Market Outlook, By Automotive & Transportation (2019-2028) ($MN)    
43 Global Commodity Plastics Market Outlook, By Grilles (2019-2028) ($MN)    
44 Global Commodity Plastics Market Outlook, By Car Bumpers (2019-2028) ($MN)    
45 Global Commodity Plastics Market Outlook, By Air Dams (2019-2028) ($MN)    
46 Global Commodity Plastics Market Outlook, By Consoles (2019-2028) ($MN)    
47 Global Commodity Plastics Market Outlook, By Rocker Panels (2019-2028) ($MN)    
48 Global Commodity Plastics Market Outlook, By Building & Construction (2019-2028) ($MN)    
49 Global Commodity Plastics Market Outlook, By Insulation (2019-2028) ($MN)    
50 Global Commodity Plastics Market Outlook, By Piping (2019-2028) ($MN)    
51 Global Commodity Plastics Market Outlook, By Wall Covering (2019-2028) ($MN)    
52 Global Commodity Plastics Market Outlook, By Roofing (2019-2028) ($MN)    
53 Global Commodity Plastics Market Outlook, By Doors (2019-2028) ($MN)    
54 Global Commodity Plastics Market Outlook, By Window Covering (2019-2028) ($MN)    
55 Global Commodity Plastics Market Outlook, By Flooring (2019-2028) ($MN)     
56 Global Commodity Plastics Market Outlook, By Consumer Durable Goods (2019-2028) ($MN)    
57 Global Commodity Plastics Market Outlook, By Utensils (2019-2028) ($MN)    
58 Global Commodity Plastics Market Outlook, By Indoor-Outdoor Carpeting (2019-2028) ($MN)    
59 Global Commodity Plastics Market Outlook, By Food Storage Containers (2019-2028) ($MN)    
60 Global Commodity Plastics Market Outlook, By Weather-Resistant Clothing (2019-2028) ($MN)    
61 Global Commodity Plastics Market Outlook, By Other End Users (2019-2028) ($MN)    
62 Global Commodity Plastics Market Outlook, By Educational Stationery (2019-2028) ($MN)    
63 Global Commodity Plastics Market Outlook, By Bike Spare Parts (2019-2028) ($MN)    
64 Global Commodity Plastics Market Outlook, By Agricultural Films (2019-2028) ($MN)    
65 Global Commodity Plastics Market Outlook, By Sports Equipment (2019-2028) ($MN)    
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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