Report Description

Global Commodity Plastics Market is projected to grow at an impressive rate through 2028 due to increasing demand in packaging industry. China's overall production of plastic products amounted to 80 million metric tons in 2021.

 Commodity plastic is used in many applications, including the mass production of items and goods for single use, such as packaging film, bottles, bags, and cutlery. In addition to single-use plastic, commodity plastics are also utilized in mass-produced objects like electrical product casings and children's toys. The product demand in the packaging sector is anticipated to increase due to the growing demand for flexible packaging due to its robustness, affordability, and high recyclability. Additionally, it is projected that the segment growth in the upcoming years will be fueled by advancements in packaging materials technology and increased usage of recyclable plastics for packaging. They are also chosen when a plastic's particular mechanical characteristics have no detrimental effects on the functionality or performance of the object in question. Some examples of commodity plastics are Polyethylene, Polyvinyl Chloride, Polystyrene, and Polypropylene.

Promising demand from the packaging industry

According to the World Packaging Organization, the Global Packaging Market is growing at 5.5%. The increased need for packaging is due to rising health concerns, concern about hygienic packaging, and growth in the urban population, which has resulted in rising demand for FMCGs, pharmaceutical supplies, and other consumer durables. Flexible packaging is mainly used for food, which accounts for more than 60% of the market, according to the Flexible Packaging Association. The flexible packaging market is expanding quickly because it has the potential to include fresh approaches to numerous packaging problems. IBEF also reports that with 70% of revenues coming through retail, one of the most significant industries in India is the food processing sector, which accounts for 32% of the nation's total food market and ranks fifth in production, consumption, and exports.

Low-Cost Substitute for Metal

Aluminum, steel, and glass can all be replaced with polymeric materials. They contain both amorphous and semi-crystalline polymers. Due to their exceptional strength, stiffness, impact resistance, temperature resistance, and fire resistance, these plastics are widely employed in applications in the automotive, transportation, appliance, electronics, communications, and aerospace industries. Commodity plastics include polymers, Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, and polymethyl methacrylate. With plastic, approximately 40% cost reduction is possible, which helps in the competitive price of the product.

Growing Technological Advancement for Sustainable Development

Over the forecast period, sustainability trends are expected to rise. Due to the nature of plastic production, sustainability will always be a concern. However, development and recycling streams will help balance out such sustainability challenges. For instance, the Coca-Cola European partners committed to recycle 50% of the plastic used in PET bottles by 2025 and collecting 100% of the packaging plastic in Western Europe. PepsiCo set an interim goal of roughly 45% by 2025 and a long-term goal of using 50% recycled plastic in its bottles throughout the European region by 2030. Additionally, several significant food producers are working to reconsider their use of plastic packaging and transition to a "circular economy."


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Market Segmentation

The global Commodity Plastics market is segmented by type and application. Based on type, the market is divided into Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, and Others. Based on application, the market is segmented Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical & Pharmaceutical, and Others.

Market players

ExxonMobil Corporation, BASF SE, Chevron Phillips Chemical Co., LLC, Dow Inc., SABIC, LyondellBasell Industries N.V., Reliance Industries Limited, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corporation, and Hanwha Solutions Corporation are some of the key market players.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South Africa, UAE, Saudi Arabia, Turkey, and Egypt.

Key companies profiled

ExxonMobil Corporation, BASF SE, Chevron Phillips Chemical Co., LLC, Dow Inc., SABIC, LyondellBasell Industries N.V., Reliance Industries Limited, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corporation, and Hanwha Solutions Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global Edible Packaging Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Commodity plastics market by type:
    • Polyethylene
    • Polyvinyl Chloride
    • Polystyrene
    •  Polypropylene
    • Others
  •   Global Commodity plastics market by application:
    • Packaging
    • Automotive
    • Electronics
    • Consumer Goods
    • Construction
    • Textile
    • Medical & Pharmaceutical
    • Others  
  • Global Commodity Plastics Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • Taiwan
      • South Korea
      • Australia
    • South America
      • Brazil
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Commodity Plastics Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Commodity Plastics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Commodity Plastics Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Type (Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, and Others)

5.2.2.     By Applications (Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical & Pharmaceutical, and Others)

5.2.3.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4.     By Company (2022)

5.3.  Market Map

5.3.1.     By Type

5.3.2.     By Application

5.3.3.     By Region

5.4.  Pricing Analysis

6.    North America Commodity Plastics Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Application

6.2.3.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Commodity Plastics Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Type

6.4.1.2.2.             By Application

6.4.2.     Mexico Commodity Plastics Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Type

6.4.2.2.2.             By Application

6.4.3.     Canada Commodity Plastics Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Type

6.4.3.2.2.             By Application

7.    Europe Commodity Plastics Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     France Commodity Plastics Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             By Application

7.4.2.     Germany Commodity Plastics Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             By Application

7.4.3.     United Kingdom Commodity Plastics Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             By Application

7.4.4.     Italy Commodity Plastics Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Type

7.4.4.2.2.             By Application

7.4.5.     Spain Commodity Plastics Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Type

7.4.5.2.2.             By Application

8.    Asia-Pacific Commodity Plastics Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Commodity Plastics Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Application

8.4.2.     India Commodity Plastics Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Application

8.4.3.     Japan Commodity Plastics Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Application

8.4.4.     South Korea Commodity Plastics Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Application

8.4.5.     Australia Commodity Plastics Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Application

9.    South America Commodity Plastics Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Commodity Plastics Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Application

10.  Middle East and Africa Commodity Plastics Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

10.2.3.  By Country

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  South Africa Commodity Plastics Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By Application

10.4.2.  Saudi Arabia Commodity Plastics Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Application

10.4.3.  UAE Commodity Plastics Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By Application

10.4.4.  Turkey Commodity Plastics Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Type

10.4.4.2.2.           By Application

10.4.5.  Egypt Commodity Plastics Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value & Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Type

10.4.5.2.2.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Launches

12.3.              Recent Developments

13.  Porters Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Products

14.  Competitive Landscape

14.1.              Business Overview

14.2.              Company Snapshot

14.3.              Products & Services

14.4.              Financials (In case of listed companies)

14.5.              Recent Developments

14.6.              SWOT Analysis

14.6.1.  ExxonMobil Corporation

14.6.2.  BASF SE

14.6.3.  Chevron Phillips Chemical Co., LLC

14.6.4.  Dow Inc.

14.6.5.  SABIC

14.6.6.  LyondellBasell Industries N.V.

14.6.7.  Reliance Industries Limited

14.6.8.  Chevron Phillips Chemical Co., LLC

14.6.9.  Lotte Chemical Corporation

14.6.10.   Hanwha Solutions Corporation

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Commodity plastics are plastics that are inexpensive and do not possess any exceptional mechanical properties. Examples are polyethylene, polyvinyl chloride, polystyrene, polypropylene, and others.

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ExxonMobil Corporation, BASF SE, Chevron Phillips Chemical Co., LLC, Dow Inc., SABIC, LyondellBasell Industries N.V., Reliance Industries Limited, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corporation, and Hanwha Solutions Corporation are the key players operating in global Edible Packaging Market.

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Based on the application, the market is segmented into packaging, automotive, electronics, consumer goods, construction, textile, medical & pharmaceutical, and others. Packaging is expected to capture the highest market share in the forecast period.

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The Asia Pacific is dominating the market and is expected to maintain its dominance over the next five years

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