Plastics Industry | Forecast 2030
Plastics Industry Data Book Covers Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Markets.
The economic value generated by the industry was estimated at approximately 307,966.7 kilotons in 2021.
Grand View Research’s plastics industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.
plastic resins market Insights
The global plastic resins market size was estimated at USD 731.25 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030.
The crystalline resins product segment accounted for the maximum revenue share of more than 62% in 2021 and is expected to maintain its dominance throughout the forecast period. The Polyethylene (PE) resin sub-segment accounted for a prominent share in the crystalline type segment owing to their increasing demand from food packaging, stretch wrap, medical applications, etc. The non-crystalline resin segment accounted for around 1/5th of the overall revenue share in 2021.
The packaging segment accounted for the highest revenue share of more than 36% in 2021 and is projected to expand further at a steady CAGR over the forecast period. The growing packaging industry supported by the increasing demand for packaged foods and beverages will boost the segment growth. In addition, various government bodies have laid down stringent guidelines regarding the safe usage of plastic materials in food and beverage applications, which is likely to support the segment growth.
Access the Global Plastics Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Plastic Compounding Market Insights
The global plastic compounding market size was valued at USD 60.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030.
The polypropylene segment led the market and accounted for more than 25.0% share of the global revenue in 2021. Its compounds are largely used in automotive applications owing to the high impact resistance and serviceability. Economic growth in Asian and Latin American markets has propelled growth in the automotive sector both in terms of vehicle sales and domestic production.
The automotive segment accounted for more than 20.0% share of the overall revenue in 2021. Increasing incorporation of plastics, as opposed to metals and alloys in automotive components, has been a major factor fueling the segment growth. Over the recent past, there has been a considerable rise in automotive production, which is largely driven by the growth of the industry and the manufacturing landscape of emerging markets.
Recycled Plastics Market Insights
The global recycled plastics market size was valued at USD 47.60 billion in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.
Polyethylene product segment led the market and accounted for more than 26% share of the global revenue in 2022. This high share is attributable to the rising demand for packaging material in consumer goods, food & beverage, industrial and various other industries. Additionally, it is commonly used in laundry detergents packaging, milk cartons, cutting boards, and garbage bins, among various other applications.
Plastic bottles source segment led the market and accounted for more than 74% share of the global revenue in 2022. Plastics bottles are the major sources of recycled products. Plastic bottles are used in various applications across various industries in the packaging of water, oils, pharmaceuticals, and carbonated drinks.
Packaging application segment led the market and accounted for more than 37% share of the global revenue in 2022. This high share is attributable to rising demand of packed food & beverages, electrical & electronics, and textiles. Personal hygiene products, such as electronic trimmers, shavers, along with automotive components, clothing produced from recycled plastics are the major products that driving the demand of recycled plastics.
Plastics Market – Global Industry Segmentation
Plastic Market Size & Forecasts, by Product, 2019 - 2030 Volume (Kilotons)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Acrylonitrile butadiene styrene (ABS)
- Polybutylene terephthalate (PBT)
- Polyphenylene Oxide (PPO)
- Epoxy Polymers
- Liquid Crystal Polymers
- Polyether ether ketone (PEEK)
- Polycarbonate (PC)
- Polyamide (PA)
- Polysulfone (PSU)
- Polyphenylsul1fone (PPSU)
- Others
Plastics Market Size & Forecasts, by Application, 2019 - 2030 Volume (Kilotons)
- Injection Molding
- Blow Molding
- Roto Molding
- Compression Molding
- Casting
- Thermoforming
- Extrusion
- Calendaring
- Others
Plastics Market Size & Forecasts, by End-use, 2019 - 2030 Volume (Kilotons)
- Packaging
- Construction
- Electricals & Electronics
- Automotive
- Medical Devices
- Agriculture
- Furniture & Bedding
- Consumer Goods
- Utility
- Others
Plastic Additives Plastic Market Size & Forecasts, by Function, 2019 - 2030 Volume (Kilotons)
- Property Modifiers
- Property Extenders
- Property Stabilizers
- Processing Aids
Plastics Additives Market Size & Forecasts, by Product, 2019 - 2030 Volume (Kilotons)
- Plasticizers
- Flame Retardants
- Antioxidants
- Antimicrobials
- UV Stabilizers
- Others
Plastic Compounds Plastic Market Size & Forecasts, by Function, 2019 - 2030 Volume (Kilotons)
- Polypropylene (PP)
- Polyethylene (PE)
- Thermoplastic elastomers (TPE)
- Polystyrene (PS)
- Polybutylene terephthalate (PBT)
- Polyamide (PA)
- Polycarbonates (PC)
- Acrylonitrile Butadiene Styrene (ABS)
- Bioplastic
- Acrylonitrile styrene acrylate (ASA)
- Styrene Acrylonitrile (SAN)
- Polymethyl methacrylate (PMMA)
- Polyoxymethylene (POM)
- Blends (PC/ABS, ABS/PBT, PS/PP)
Plastic Compounds Market Size & Forecasts, by Technology, 2019 - 2030 Volume (Kilotons)
- Injection Molding
- Extrusion
- Blow Molding
- Others
Plastic Compounds Market Size & Forecasts, by Filler, 2019 - 2030 Volume (Kilotons)
- Unfilled
- Calcium Carbonate Filled
- Talcum Filled
- Glass Fiber Reinforced
- Long Glass Fiber Filled
- Flame Retardant
- Carbon Fiber Reinforced
Plastic Compounds Market Size & Forecasts, by End-use, 2019 - 2030 Volume (Kilotons)
- Automotive
- Appliances
- Electrical, Electronics & Electrotechnical
- Building & Construction
- Furniture
- Power Tools
- Packaging
- Agriculture
- Sport & Leisure
- Healthcare
- Others
Recycled Plastics Market Size & Forecasts, by Product, 2019 - 2030 Volume (Kilotons)
- Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Others
Recycled Plastics Market Size & Forecasts, by Source, 2019 - 2030 Volume (Kilotons)
- Plastic Bottles
- Plastic Films
- Polymer Foam
- Others
Recycled Plastics Market Size & Forecasts, by Application, 2019 - 2030 Volume (Kilotons)
- Building & Construction
- Packaging
- Electrical & Electronics
- Textiles
- Automotive
- Others
Order your copy of the Free Sample of “Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Plastics Industry Data Book Regional Outlook
- North America
- S.
- Canada
- Mexico
- Europe
- K.
- Germany
- France
- Italy
- Spain
- Poland
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Central & South America
- Brazil
- Chile
- Argentina
- Columbia
- Middle East & Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
- Oman
- Kenya
- South Africa
Plastics Industry Data Book Competitive Landscape
The companies in the market compete on the basis of product quality offered and the technology used for the production of plastics. Major players compete on the basis of application development capability and new technologies used in product formulation.
Key players operating in the plastics industry are –
- BASF SE
- Dow Inc.
- DuPont
- Evonik Industries AG
- SABIC
- Sumitomo Chemical Co., Ltd.
- Arkema
- Celanese Corporation
Go through the table of content of Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study
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