Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031
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NatureWorks LLC
Biome Bio
BRASKEM
LyondellBasell Industries Holdings BV
Kaneka Corporation
Mitsubishi Chemical Group Corporation
Eastman Chemical Company
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PTT MCC Biochem Co., Ltd.
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Plastics Market - Scope of Report
TMR's report on the global plastics market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global plastics market for the period 2017-2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global plastics market from 2023 to 2031.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the plastics market.
Market Snapshot
Market Value in 2023 US$ 1.9 Bn
Market Value in 2031 US$ 4.4 Bn
CAGR 9.6%
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global plastics market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global plastics market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global plastics market.
The report delves into the competitive landscape of the global plastics market. Key players operating in the global plastics market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global plastics market profiled in this report.
Key Questions Answered in Global plastics Market Report:
What is the sales/revenue generated by plastics across all regions during the forecast period?
What are the opportunities in the global plastics market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which segment is expected to generate the highest revenue globally in 2031?
Which segment is projected to expand at the highest CAGR during the forecast period?
What are the market positions of different companies operating in the global market?
Plastics Market - Research Objectives and Research Approach
The comprehensive report on the global plastics market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global plastics market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global plastics market.
Table of Contents
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Key Facts and Figures
1.4. Trends Impacting Market
1.5. TMR's Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Key Developments
2.3. Market Definitions
2.4. Key Market Trends
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunities
2.6. Global Plastics Market Analysis and Forecasts, 2023-2031
2.6.1. Global Plastics Market Volume (Kilo Tons)
2.6.2. Global Plastics Market Revenue (US$ Mn)
2.7. Porter's Five Forces Analysis
2.8. Regulatory Landscape
2.9. Value Chain Analysis
2.9.1. List of Raw Material Providers
2.9.2. List of Manufacturers
2.9.3. List of Dealers/Distributors
2.9.4. List of Potential Customers
2.10. Production Overview
2.11. Product Specification Analysis
2.11.1. Cost Structure Analysis
3. Economic Recovery Post COVID-19 Impact
3.1. Impact on Supply Chain of Plastics
3.2. Impact on Demand for Plastics- Pre & Post Crisis
4. Impact of Current Geopolitical Scenario
5. Production Output Analysis (Kilo Tons), by Region, 2023
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. Latin America
5.5. Middle East & Africa
6. Price Trend Analysis and Forecast (US$/Ton), 2023-2031
6.1. Price Comparison Analysis by Material Vs. Application
6.2. Price Comparison Analysis by Region
7. Global Plastics Market Analysis and Forecast, by Material Vs. Application, 2023-2031
7.1. Introduction and Definitions
7.2. Global Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
7.2.1. Bio -based
7.2.1.1. Polypropylene (PP)
7.2.1.1.1. Food Containers
7.2.1.1.2. Trash Cans & Plastic Bags
7.2.1.1.3. Syringes
7.2.1.1.4. Medical Containers
7.2.1.1.5. Pipes
7.2.1.1.6. Others (Electrical Insulation, Consumer Goods, etc.)
7.2.1.2. Poly Lactic Acid (PLA)
7.2.1.2.1. Clamshells Containers
7.2.1.2.2. Round Plates
7.2.1.2.3. Food Cups
7.2.1.2.4. Trays
7.2.1.2.5. Cutlery
7.2.1.2.6. Flexible Packaging Film
7.2.1.2.7. Coating Paper
7.2.1.2.8. Implants & Medical Devices
7.2.1.2.9. Others (Fibers, Safety Helmets, etc.)
7.2.1.3. Polyethylene Terephthalate (PET)
7.2.1.3.1. Plastic Bottles
7.2.1.3.2. Films
7.2.1.3.3. Filter Cloth
7.2.1.3.4. Packaging Trays & Blisters
7.2.1.3.5. Microwavable Containers
7.2.1.3.6. Bracing Wires
7.2.1.3.7. Others (Engine Cover, Solar Junction Boxes, etc.
7.2.1.4. Polystyrene (PS)
7.2.1.4.1. Test Tubes
7.2.1.4.2. Petri Dishes
7.2.1.4.3. Diagnostic Components
7.2.1.4.4. Compost Bins
7.2.1.4.5. Electronic Packaging
7.2.1.4.6. Temperature Controlled Packaging
7.2.1.4.7. Synthetic Corks
7.2.1.4.8. Others (Toys, Automotive Insulation)
7.2.2. Bio-based Paper and Sugarcane
7.2.2.1. Paper/Cardboard
7.2.2.1.1. Packaging
7.2.2.1.2. Plates
7.2.2.1.3. Cups
7.2.2.1.4. Trays
7.2.2.1.5. Others
7.2.2.2. Sugarcane Fiber/Bagasse
7.2.2.2.1. Clamshells Containers
7.2.2.2.2. Round Plates
7.2.2.2.3. Others
7.2.3. Petro -based
7.2.3.1. Polypropylene (PP)
7.2.3.2. Polyethylene Terephthalate (PET)
7.2.3.3. Polystyrene (PS)
7.2.3.4. Others
7.2.4. Foamed Plastic
7.2.4.1. Expanded Polystyrene Foam (EPS)
7.2.4.2. Extruded Polystyrene Foam (XPS)
7.2.4.3. Expanded Polystyrene Beads
7.2.4.4. Polyethylene Foam (PE)
7.2.4.5. Polypropylene Foam (PP)
7.2.4.6. PS Low Foam
7.2.4.7. Foamed PLA
7.2.4.8. Others
7.3. Global Plastics Market Attractiveness, by Material Vs. Application
8. Global Plastics Market Analysis and Forecast, by End-use, 2023-2031
8.1. Introduction and Definitions
8.2. Global Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
8.2.1. Packaging
8.2.2. Food & Beverages
8.2.3. Medical
8.2.4. Agricultural
8.2.5. Electrical & Electronics
8.2.6. Automotive
8.2.7. Others (Consumer Goods, Construction, etc.)
8.3. Global Plastics Market Attractiveness, by End-use
9. Global Plastics Market Analysis and Forecast, by Region, 2023-2031
9.1. Key Findings
9.2. Global Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Region, 2023-2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East & Africa
9.2.5. Latin America
9.3. Global Plastics Market Attractiveness, by Region
10. North America Plastics Market Analysis and Forecast, 2023-2031
10.1. Key Findings
10.2. North America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
10.3. North America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
10.4. North America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country, 2023-2031
10.4.1. U.S. Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
10.4.2. U.S. Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
10.4.3. Canada Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
10.4.4. Canada Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
10.5. North America Plastics Market Attractiveness Analysis
11. Europe Plastics Market Analysis and Forecast, 2023-2031
11.1. Key Findings
11.2. Europe Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.3. Europe Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.4. Europe Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country/Sub-region, 2023-2031
11.4.1. Germany Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.4.2. Germany Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.4.3. France Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.4.4. France Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.4.5. U.K. Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.4.6. U.K. Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.4.7. Italy Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.4.8. Italy Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.4.9. Russia & CIS Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.4.10. Russia & CIS Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.4.11. Rest of Europe Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
11.4.12. Rest of Europe Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5. Europe Plastics Market Attractiveness Analysis
12. Asia Pacific Plastics Market Analysis and Forecast, 2023-2031
12.1. Key Findings
12.2. Asia Pacific Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application
12.3. Asia Pacific Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.4. Asia Pacific Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country/Sub-region, 2023-2031
12.4.1. China Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
12.4.2. China Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.4.3. Japan Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
12.4.4. Japan Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.4.5. India Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
12.4.6. India Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.4.7. ASEAN Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
12.4.8. ASEAN Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.4.9. Rest of Asia Pacific Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
12.4.10. Rest of Asia Pacific Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.5. Asia Pacific Plastics Market Attractiveness Analysis
13. Latin America Plastics Market Analysis and Forecast, 2023-2031
13.1. Key Findings
13.2. Latin America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
13.3. Latin America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.4. Latin America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country/Sub-region, 2023-2031
13.4.1. Brazil Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
13.4.2. Brazil Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.4.3. Mexico Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
13.4.4. Mexico Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.4.5. Rest of Latin America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
13.4.6. Rest of Latin America Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.5. Latin America Plastics Market Attractiveness Analysis
14. Middle East & Africa Plastics Market Analysis and Forecast, 2023-2031
14.1. Key Findings
14.2. Middle East & Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
14.3. Middle East & Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.4. Middle East & Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country/Sub-region, 2023-2031
14.4.1. GCC Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
14.4.2. GCC Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.4.3. South Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
14.4.4. South Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.4.5. Rest of Middle East & Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Vs. Application, 2023-2031
14.4.6. Rest of Middle East & Africa Plastics Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.5. Middle East & Africa Plastics Market Attractiveness Analysis
15. Competition Landscape
15.1. Market Players - Competition Matrix (by Tier and Size of Companies)
15.2. Market Share Analysis, 2023
15.3. Market Footprint Analysis
15.3.1. By Material Vs. Application
15.3.2. By End-use
15.4. Company Profiles (Details - Overview, Financials, Recent Developments, and Strategy)
15.4.1. Corbion
15.4.1.1. Company Revenue
15.4.1.2. Business Overview
15.4.1.3. Product Segments
15.4.1.4. Geographic Footprint
15.4.1.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.1.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.2. Novamont
15.4.2.1. Company Revenue
15.4.2.2. Business Overview
15.4.2.3. Product Segments
15.4.2.4. Geographic Footprint
15.4.2.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.2.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.3. Avantium
15.4.3.1. Company Revenue
15.4.3.2. Business Overview
15.4.3.3. Product Segments
15.4.3.4. Geographic Footprint
15.4.3.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.3.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.4. Futerro
15.4.4.1. Company Revenue
15.4.4.2. Business Overview
15.4.4.3. Product Segments
15.4.4.4. Geographic Footprint
15.4.4.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.4.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.5. BASF SE
15.4.5.1. Company Revenue
15.4.5.2. Business Overview
15.4.5.3. Product Segments
15.4.5.4. Geographic Footprint
15.4.5.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.5.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.6. NatureWorks LLC
15.4.6.1. Company Revenue
15.4.6.2. Business Overview
15.4.6.3. Product Segments
15.4.6.4. Geographic Footprint
15.4.6.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.6.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.7. Biome Bioplastics
15.4.7.1. Company Revenue
15.4.7.2. Business Overview
15.4.7.3. Product Segments
15.4.7.4. Geographic Footprint
15.4.7.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.7.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.8. BRASKEM
15.4.8.1. Company Revenue
15.4.8.2. Business Overview
15.4.8.3. Product Segments
15.4.8.4. Geographic Footprint
15.4.8.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.8.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.9. LyondellBasell Industries Holdings B.V.
15.4.9.1. Company Revenue
15.4.9.2. Business Overview
15.4.9.3. Product Segments
15.4.9.4. Geographic Footprint
15.4.9.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.9.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.10. Kaneka Corporation
15.4.10.1. Company Revenue
15.4.10.2. Business Overview
15.4.10.3. Product Segments
15.4.10.4. Geographic Footprint
15.4.10.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.10.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.11. Mitsubishi Chemical Group Corporation
15.4.11.1. Company Revenue
15.4.11.2. Business Overview
15.4.11.3. Product Segments
15.4.11.4. Geographic Footprint
15.4.11.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.11.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.12. Eastman Chemical Company
15.4.12.1. Company Revenue
15.4.12.2. Business Overview
15.4.12.3. Product Segments
15.4.12.4. Geographic Footprint
15.4.12.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.12.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.13. FKuR
15.4.13.1. Company Revenue
15.4.13.2. Business Overview
15.4.13.3. Product Segments
15.4.13.4. Geographic Footprint
15.4.13.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.13.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.14. PTT MCC Biochem Co., Ltd.
15.4.14.1. Company Revenue
15.4.14.2. Business Overview
15.4.14.3. Product Segments
15.4.14.4. Geographic Footprint
15.4.14.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.14.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
15.4.15. NaturePlast
15.4.15.1. Company Revenue
15.4.15.2. Business Overview
15.4.15.3. Product Segments
15.4.15.4. Geographic Footprint
15.4.15.5. Production Form/Plant Details, etc. (*As Applicable)
15.4.15.6. Strategic Partnership, Form Expansion, New Product Innovation etc.
16. Primary Research: Key Insights
17. Appendix