Global Commodity Plastics Market, By Type (Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), Polypropylene (PP), Polymethyl Methacrylate (PMMA), and Others), Type of Plastic (Reusable and Recyclable, Recyclable), Application (Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical & Pharmaceutical and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Commodity Plastics Market
The commodity plastics market is expected to witness market growth at a rate of 6.15% in the forecast period of 2022 to 2029. Data Bridge Market Research report on commodity plastics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the production of lightweight electric vehicles is escalating the growth of commodity plastics market.
Commodity plastics is referred to the plastics that are utilized 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. Commodity plastics are not utilized in critical service environments, and therefore do not need high mechanical strength. So, these plastics are relatively cheap and exhibit lower mechanical properties than the engineered plastics.
Major factors that are expected to boost the growth of the commodity plastics market in the forecast period are the rise in the industrialization and increasing construction and automotive sectors. Furthermore, the development of health care infrastructure is further anticipated to propel the growth of the commodity plastics market. Moreover, 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 is further estimated to cushion the growth of the commodity plastics market. On the other hand, amplified environmental concerns over plastic waste is further projected to impede the growth of the commodity plastics market in the timeline period.
In addition, the growing prospects in the advancing countries will further provide potential opportunities for the growth of the commodity plastics market in the coming years. However, the government regulations on the usage of plastics for packaging might further challenge the growth of the commodity plastics market in the near future.
This commodity plastics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the commodity plastics market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Commodity Plastics Market Scope and Market Size
The commodity plastics 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 markets.
- On the basis of type, the commodity plastics market is segmented into polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), polymethyl methacrylate (PMMA), and others. Polyethylene is further sub-segmented into HDPE (high density polythene), LDPE (low density polythene), LLDPE (Linear low density polythene), UHMW (ultra-high molecular weight polyethylene), and polyethylene terephthalate (PET). Polyvinyl chloride (PVC) is further segmented into rigid PVC and flexible PVC. Polypropylene (PP) is further segmented into polypropylene homo-polymers (PPH) and polypropylene co-polymers (PPC).
- On the basis of type of plastic, the commodity plastics market is segmented into reusable and recyclable.
- On the basis of application, the commodity plastics market is segmented into packaging, automotive, electronics, consumer goods, construction, textile, medical & pharmaceutical and others. Packaging is further segmented into film wraps, plastic bags, industrial & household chemical containers, milk jugs, cereal box liners and others.
Commodity Plastics Market Country Level Analysis
The commodity plastics market is analysed, and market size, volume information is provided by country, type, type of plastic and application as referenced above.
The countries covered in the commodity plastics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the commodity plastics market due to the rise in the demand for commodity plastic from the packaging and medical & pharmaceutical sector in several countries. Furthermore, the economic and healthcare advancement and the growing investments in the construction industry will further boost the growth of the commodity plastics market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commodity Plastics Market Share Analysis
The commodity plastics market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global 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 the commodity plastics market.
Some of the major players operating in the commodity plastics market are Exxon Mobil Corporation., Sinopec Corporation, 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., Gas Authority of India Limited(GAIL), Hanwha Co. Ltd, INEOS, LG Chem, Ltd., Lotte Chemical, Mitsubishi Chemical Corporation, Nova Chemicals Corporation, PTT Global Chemical Public Company Limited, Reliance Industries Limited, Sabic, Sumitomo Chemical Company Limited, and Westlake Chemical Corporation among others.
Customization Available : Global Commodity Plastics Market
Data Bridge Market Research is a leader in consulting and 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 production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import-export and a grey area results data, literature review, consumer analysis, and product base analysis. Market analysis of target competitors can be analysed 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.