Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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Asia-Pacific Commodity Plastic Market, By Type (Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), Polypropylene (PP), Polymethyl Methacrylate (PMMA), Others), Type of Plastic (Reusable and Recyclable, Recyclable), Application (Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical and Pharmaceutical and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific), Industry Trends and Forecast to 2029
The commodity plastic market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 4.6% in the above-mentioned forecast period.
Commodity plastics are basically the plastics which are used in large volume for regular household applications. These plastics find its use in a broad variety of applications including trash containers, clothing, packaging film, disposables and others. They are not utilized in critical service environments, and therefore do not need high mechanical strength. So, these plastics are relatively cheap, lighter, resistant to abrasion, structurally stable and exhibit lower mechanical properties than the engineered plastics.
The rise in the industrialization, the development of health care infrastructure and increasing construction and automotive sectors are the root cause fueling up the market growth rate in the forecast period of 2022 to 2029. In addition to this, the factors expected to cushion the growth of the commodity plastic market in the forecast period are the rising need for flexible packing because of lower cost, availability, durability and reliability than the rigorous packaging in the packaging industries and growing metal prices which will further carve the way for the growth of market in the above-mentioned forecast period. Moreover, the increasing demand for commodity plastics in FMCG sector for usage in packaging of beverages, pharmaceuticals, personal care products or others are further expected to cushion the overall markets growth in the forecast period of 2022 to 2029. On the other hand, the amplified environmental concerns over plastic waste is expected to impede the growth of the commodity plastic market. However, the growing awareness about harmful effects of non-biodegradable plastic are also projected to hamper market’s overall growth.
Furthermore, the growing prospects in the advancing countries are estimated to generate numerous opportunities for the market in the above-mentioned forecast period. On the flip side, the government regulations on the usage of plastics for packaging is projected to pose as a major challenge to the growth of the commodity plastic market.
This commodity plastic market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on commodity plastic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The commodity plastic market is segmented on the basis of type, type of plastic and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
The commodity plastic market is analyzed and market size, volume information is provided by type, type of plastic and application as referenced above.
The countries covered in the commodity plastic market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China, India and Japan is expected to register high market growth share due to presence of key players in region and expansion of automotive sector whereas high pace in technological advancement, rising construction sector and rising demand for medical device packaging due to rising medical disorder and rising geriatric population will boost region market growth in the above-mentioned forecast period.
The country section of the commodity plastic market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The commodity plastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commodity plastic market.
Some of the major players operating in the commodity plastic market report are Exxon Mobil Corporation., Sinopec Canada Energy Ltd, Chevron Phillips Chemical Company., LLC, BASF SE, Dow, DuPont, LyondellBasell Industries Holdings B.V., Borealis AG, Braskem, Eni S.P.A, Formosa Plastics Corporation, Sumitomo Chemical Co., Ltd., GAIL (India) Limited, Hanwha Group, INEOS, LG Chem,., LOTTE Chemical Corporation, Mitsubishi Chemical Corporation, Nova Chemicals Corporation, pttgcgroup, Reliance Industries Limited, Sabic, Sumitomo Chemical Co. Ltd., and Westlake Chemical Corporation among others.
In December 2020, LyondellBasell announced that China's Kaijin Blue Sky Energy (Zhejiang) has chosen their technology for two PP facilities. Spheripol technology will be used in a 600,000 t/y PP plant, while the Spherizone method will be used in a 300,000 t/y PP facility. The plants will be erected in Zhejiang province's Wenzhou.
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Commodity Plastic Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Commodity Plastic Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.