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The Global Commodity Plastics Market is expected to reach $ 807.61 billion by 2026 growing at a CAGR of 9.0% from 2019 to 2026. Commodity plastics refer to a superior class of materials that are used as raw materials in different industries. These plastics can be shaped into a range of solid objects such as food containers and bottles. The property of plasticity of commodity plastics, in combination with properties are low electrical conductivity, low density, toughness, and transparency, commodity plastics are used in large volume for regular household applications like clothing, trash containers, disposables, packaging film, and others. Commodity plastics are not used in critical service environments and therefore, do not require high mechanical strength and these plastics are relatively inexpensive and exhibit lower mechanical properties than engineered plastics. Factors such as growing packaging industry, growing application of commodity plastics in end-user sectors, rise in demand for commodity plastics in fast moving consumer goods including disposable utensils and containers, increase in demand for commodity plastics in a wide range of packaging applications due to ease of availability and lower manufacturing cost are driving the growth of the market. However, increased environmental concerns over plastic waste, various regulations on the use of plastics products, fluctuations in the price of petrochemicals products are factors restraining the growth of the market. Based on the product, polyethylene terephthalate (PET) segment is going to have expected market growth since PET is a plastic resin and the most commonly used plastic material. A large number of consumer products, beverages, and food items are packaged and delivered and with this material. PET is manufactured from polyester and has good water and moisture resistance, due to which, it is used in the manufacturing of soft drinks bottles. It has a wide range of textile applications. PET plastic is approved as safe for food and beverage and hence for these applications the PET segment occupies the major growth in commodity plastics market. The key vendors mentioned are Exxon Mobil Corporation, Formosa Plastics Corporation, LG Chem, Ltd., LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Hanwha Chemical Co, Ltd, Sinopec Corp., Sumitomo Chemical Company, The DOW Chemical Company, and Reliance Industries Limited. Type of Plastics Covered: • Non Reusable or Recyclable • Reusable and Recyclable • Recyclable Products Covered: • Polyester • Polyethylene (PE) • Polymethyl Methacrylate (PMMA) • Polystyrene (PS) • Polypropylene (PP) • Polyvinyl Chloride (PVC) • Polyethylene Terephthalate (PET) • Acrylonitrile Butadiene Styrene (ABS) End Users Covered: • Automotive • Packaging • Electronics • Consumer Goods • Building & Construction • Electrical & Electronics • Medical & Pharmaceutical • Textile • Agrobusiness • Domestic Utility • Furniture & Decor • Other End Users Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Commodity Plastics Market, By Type of Plastic
5.1 Introduction
5.2 Non Reusable or Recyclable
5.3 Reusable and Recyclable
5.4 Recyclable
6 Global Commodity Plastics Market, By Product
6.1 Introduction
6.2 Polyester
6.3 Polyethylene (PE)
6.4 Polymethyl Methacrylate (PMMA)
6.5 Polystyrene (PS)
6.6 Polypropylene (PP)
6.7 Polyvinyl Chloride (PVC)
6.8 Polyethylene Terephthalate (PET)
6.9 Acrylonitrile Butadiene Styrene (ABS)
7 Global Commodity Plastics Market, By End User
7.1 Introduction
7.2 Automotive
7.3 Packaging
7.4 Electronics
7.5 Consumer Goods
7.6 Building & Construction
7.7 Electrical & Electronics
7.8 Medical & Pharmaceutical
7.9 Textile
7.10 Agrobusiness
7.11 Domestic Utility
7.12 Furniture & Decor
7.13 Other End Users
8 Global Commodity Plastics Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa
9 Strategic Benchmarking
10 Vendors Landscape
10.1 Exxon Mobil Corporation
10.2 Formosa Plastics Corporation
10.3 LG Chem, Ltd.
10.4 LyondellBasell Industries Holdings B.V.
10.5 Mitsubishi Chemical Corporation
10.6 Hanwha Chemical Co, Ltd
10.7 Sinopec Corp.
10.8 Sumitomo Chemical Company
10.9 The DOW Chemical Company
10.10 Reliance Industries Limited
List of Data Tables
1 Global Commodity Plastics Market Outlook, By Region (2018-2026) ($MN)
2 Global Commodity Plastics Market Outlook, By Type of Plastic (2018-2026) ($MN)
3 Global Commodity Plastics Market Outlook, By Non Reusable or Recyclable (2018-2026) ($MN)
4 Global Commodity Plastics Market Outlook, By Reusable and Recyclable (2018-2026) ($MN)
5 Global Commodity Plastics Market Outlook, By Recyclable (2018-2026) ($MN)
6 Global Commodity Plastics Market Outlook, By Product (2018-2026) ($MN)
7 Global Commodity Plastics Market Outlook, By Polyester (2018-2026) ($MN)
8 Global Commodity Plastics Market Outlook, By Polyethylene (PE) (2018-2026) ($MN)
9 Global Commodity Plastics Market Outlook, By Polymethyl Methacrylate (PMMA) (2018-2026) ($MN)
10 Global Commodity Plastics Market Outlook, By Polystyrene (PS) (2018-2026) ($MN)
11 Global Commodity Plastics Market Outlook, By Polypropylene (PP) (2018-2026) ($MN)
12 Global Commodity Plastics Market Outlook, By Polyvinyl Chloride (PVC) (2018-2026) ($MN)
13 Global Commodity Plastics Market Outlook, By Polyethylene Terephthalate (PET) (2018-2026) ($MN)
14 Global Commodity Plastics Market Outlook, By Acrylonitrile Butadiene Styrene (ABS) (2018-2026) ($MN)
15 Global Commodity Plastics Market Outlook, By End User (2018-2026) ($MN)
16 Global Commodity Plastics Market Outlook, By Automotive (2018-2026) ($MN)
17 Global Commodity Plastics Market Outlook, By Packaging (2018-2026) ($MN)
18 Global Commodity Plastics Market Outlook, By Electronics (2018-2026) ($MN)
19 Global Commodity Plastics Market Outlook, By Consumer Goods (2018-2026) ($MN)
20 Global Commodity Plastics Market Outlook, By Building & Construction (2018-2026) ($MN)
21 Global Commodity Plastics Market Outlook, By Electrical & Electronics (2018-2026) ($MN)
22 Global Commodity Plastics Market Outlook, By Medical & Pharmaceutical (2018-2026) ($MN)
23 Global Commodity Plastics Market Outlook, By Textile (2018-2026) ($MN)
24 Global Commodity Plastics Market Outlook, By Agrobusiness (2018-2026) ($MN)
25 Global Commodity Plastics Market Outlook, By Domestic Utility (2018-2026) ($MN)
26 Global Commodity Plastics Market Outlook, By Furniture & Decor (2018-2026) ($MN)
27 Global Commodity Plastics Market Outlook, By Other End Users (2018-2026) ($MN)
28 North America Commodity Plastics Market Outlook, By Country (2018-2026) ($MN)
29 North America Commodity Plastics Market Outlook, By Type of Plastic (2018-2026) ($MN)
30 North America Commodity Plastics Market Outlook, By Product (2018-2026) ($MN)
31 North America Commodity Plastics Market Outlook, By End User (2018-2026) ($MN)
32 Europe Commodity Plastics Market Outlook, By Country (2018-2026) ($MN)
33 Europe Commodity Plastics Market Outlook, By Type of Plastic (2018-2026) ($MN)
34 Europe Commodity Plastics Market Outlook, By Product (2018-2026) ($MN)
35 Europe Commodity Plastics Market Outlook, By End User (2018-2026) ($MN)
36 Asia Pacific Commodity Plastics Market Outlook, By Country (2018-2026) ($MN)
37 Asia Pacific Commodity Plastics Market Outlook, By Type of Plastic (2018-2026) ($MN)
38 Asia Pacific Commodity Plastics Market Outlook, By Product (2018-2026) ($MN)
39 Asia Pacific Commodity Plastics Market Outlook, By End User (2018-2026) ($MN)
40 South America Commodity Plastics Market Outlook, By Country (2018-2026) ($MN)
41 South America Commodity Plastics Market Outlook, By Type of Plastic (2018-2026) ($MN)
42 South America Commodity Plastics Market Outlook, By Product (2018-2026) ($MN)
43 South America Commodity Plastics Market Outlook, By End User (2018-2026) ($MN)
44 Middle East & Africa Commodity Plastics Market Outlook, By Country (2018-2026) ($MN)
45 Middle East & Africa Commodity Plastics Market Outlook, By Type of Plastic (2018-2026) ($MN)
46 Middle East & Africa Commodity Plastics Market Outlook, By Product (2018-2026) ($MN)
47 Middle East & Africa Commodity Plastics Market Outlook, By End User (2018-2026) ($MN)