Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031
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- Novamont
- Avantium
- Futerro
- BASF SE
- NatureWorks LLC
- Biome Bio
- BRASKEM
- LyondellBasell Industries Holdings BV
- Kaneka Corporation
- Mitsubishi Chemical Group Corporation
- Eastman Chemical Company
- FKuR
- PTT MCC Biochem Co., Ltd.
- NaturePlast
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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