Commodity Plastic Market Size and Share Forecast Outlook From 2024 to 2034

The global Commodity Plastic Market size is anticipated to attain a valuation of USD 1170 billion by 2034. It is estimated to witness a CAGR of around 6.7% in the forecast period 2024 to 2034. The market is likely to reach a value of USD 610.1 billion by 2024.

Key Commodity Plastic Market Trends

  • The rising demand for bio-based commodity plastics that are often derived from renewable sources, including agricultural waste or plants, is set to be a key trend. Government agencies in various parts of the world are focusing on promoting bio-based commodity plastics amid rising concerns about carbon emissions and plastic pollution.
  • Leading companies are projected to focus on waste reduction, reuse, and recycling to promote a circular economy and reduce the environmental impact of everyday plastics.
  • The rapid integration of advanced technology, such as sensors, QR codes, and RFID tags, into commodity plastic packaging to improve consumer experience, monitor the product’s freshness, check authenticity, and manage inventory is estimated to aid sales.
  • Industries such as food and healthcare are increasingly shifting toward antimicrobial commodity plastics with a growing focus on sanitation and sanitation, especially on high-touch surfaces such as countertops and door handles.
  • The emergence of novel recycling technologies, including depolymerization and chemical recycling, is estimated to spur the demand for commodity plastics, and firms are looking to recover value from used packaging solutions.
Attributes Key Insights
Commodity Plastic Market Anticipated Value (2023A) USD 570.2 billion
Commodity Plastic Market Estimated Valuation (2024E) USD 610.1 billion
Projected Commodity Plastic Market Size (2034F) USD 1170 billion
Value-based CAGR (2024 to 2034) 6.7%

Key Growth Drivers Fueling the Commodity Plastic Industry

  • In developing countries, increasing urbanization is set to result in a growing need for high-demand plastics, especially from the consumer goods, infrastructure, and construction sectors.
  • The expanding middle-class population is set to boost the demand for packaged items, such as household products, food, and beverages that are available in commodity plastic packaging.
  • Ongoing advancements in material science, production methods, and packaging designs are expected to push the creation of new commodity plastic types.
  • The growing shift of modern consumers toward online shopping is projected to augment the need for bulk plastics and standard plastics.

Sales Trend Analysis from 2019 to 2023 Compared to Market Outlook for 2024 to 2034

The global commodity plastic market expanded at a CAGR of about 7.9% in the historical period 2019 to 2023. It will likely rise at a CAGR of 6.7% in the assessment period. The market stood at a valuation of USD 570.2 billion in 2023.

Historical CAGR (2019 to 2023) 7.9%
Forecast CAGR (2024 to 2034) 6.7%

Historical Analysis of the Commodity Plastic Market

  • The emergence of early commodity plastics like Bakelite marked the beginning of rapid growth in the plastic industry back in the early 20th century.
  • Materials like Bakelite provided unique applications and properties compared to conventional materials such as glass, metal, and wood, which drove demand.
  • In the mid-20th century, the growth of the post-World War II economy resulted in the high demand for commodity plastics made of polypropylene and polyethylene from consumer products, packaging, automotive, and construction sectors.
  • In the late 20th century, the commodity plastic market was propelled by the emergence of novel end-use applications, production techniques, and polymer science.
  • In the 21st century, increasing emphasis on regulatory compliance and sustainability led to the growing demand for new types of commonly used plastics with improved bio-based content, recyclability, and performance.

Commodity Plastic Applications and Demand Analysis from 2024 to 2034

  • The ongoing inclination of companies toward eco-friendly alternatives to conventional mainstream plastics, such as recycled materials, biodegradable polymers, and bio-based plastics, is set to drive demand.
  • The focus of leading players on the development of a circular economy is expected to propel advancements in waste management processes, material recovery, and recycling methods.
  • Rising awareness of plastic pollution and implementation of stringent norms to curb the same in several countries are projected to push innovation in the commodity plastic market.
  • The integration of functional additives, active ingredients, and novel technologies into commodity plastic packaging solutions is set to allow for interactive consumer engagement, extension of shelf life, and tamper-evident solutions.

Semi-annual Update on the Commodity Plastic Market Landscape

The table provides information about significant variations in growth rates and dynamic trends in the commodity plastic market. Readers can gain insights into changing consumer tastes and evolving market dynamics throughout an array of different periods.

The table offers an explanation of growth potential, scrutinizing the role that actual numbers and predictions have in determining the future path of the market.

Details CAGR
H1 (2023 to 2033) 6.40%
H2 (2023 to 2033) 6.50%
H1 (2024 to 2034) 6.90%
H2 (2024 to 2034) 6.60%

Analysis of Top Countries Manufacturing, Certifying, and Using Commodity Plastic Products

The section below highlights the CAGRs of the leading countries in the commodity plastic market. The three main countries pushing commodity plastic demand include South Korea, Japan, and the United Kingdom.

According to the analysis, South Korea is set to lead the commodity plastic market by showcasing a CAGR of 8.0% in the forecast period. The country is anticipated to be followed by Japan and the United Kingdom, with CAGRs of 7.7% and 7.4%, respectively.

Countries CAGR (2024 to 2034)
United States 6.8%
United Kingdom 7.4%
China 7.0%
Japan 7.7%
South Korea 8.0%

The table below showcases the size of the top 5 countries present in the global commodity plastic market. Out of all the countries, the United States is expected to reach a valuation of USD 210.1 billion by 2034. Followed by the United States, China, and Japan are anticipated to attain valuations of USD 182.8 billion and USD 122.1 billion, respectively.

Countries Market Size (2034)
United States USD 210.1 billion
United Kingdom USD 48.4 billion
China USD 182.8 billion
Japan USD 122.1 billion
South Korea USD 72.3 billion

Rising Manufacturing Activities in South Korea Boost Sales of Low-cost Plastics

South Korea’s commodity plastic market is expected to reach a valuation of about USD 72.3 billion by 2034. It is anticipated to showcase a CAGR of 8.0% in the forecast period. Factors responsible for the country’s growth are:

  • Rapid economic development in South Korea is projected to surge manufacturing and industrial activities, thereby augmenting commodity plastic sales in several sectors.
  • Rising investment of the government in several infrastructure projects, such as transportation and construction, is expected to bolster demand as commodity plastic is used for multiple applications.
  • High demand for convenience items and packaged food amid the changing lifestyles of consumers is expected to accelerate the demand for commodity plastics.
  • Rapid urbanization across South Korea is estimated to bolster the demand for consumer goods, construction materials, and packaging, all of which are dependent on commodity plastic.

Rising Demand for Medical Devices in Japan Augments Standard Plastic Sales

Japan’s commodity plastic market is projected to witness a CAGR of 7.7% in the evaluation period. It is expected to attain a value of USD 122.1 billion by 2034. The country is likely to expand at a steady pace due to the following factors:

  • As per the global commodity plastic market report, Japan is expected to rise amid the surging demand for healthcare products like medical devices with the growing geriatric population. Medical devices are often packaged in commodity plastics as they are hygienic, durable, and lightweight.
  • The rising focus of government agencies on disaster-resilient infrastructure with the increasing cases of typhoons and earthquakes in Japan is set to drive the demand for emergency supplies and construction materials packaged in commodity plastics.
  • Ongoing expansion of the retail sector in Japan amid changing consumer requirements and the growing tourism industry is expected to boost demand.
  • Government bodies in Japan are focusing on lowering carbon footprint and increasing sustainability across several industries. This has led to constant advancements in biodegradable and recyclable commodity plastics to reduce the use of single-use plastics and promote clean packaging.

China Witnesses High Demand for Basic Plastics from Food and Beverage Industry

It is estimated that China will generate a considerable commodity plastic market share in 2034. The country is set to exhibit a CAGR of about 7.0% from 2024 to 2034. This growth is attributed to the following factors:

  • The ever-expanding e-commerce sector in China is anticipated to propel the demand for commodity plastic production as the sector mainly relies on plastics for shipping and packaging purposes.
  • The presence of a well-established automotive industry in China is projected to bolster demand as automakers often use commodity plastics to make lightweight components, exterior parts, and interior components to enhance fuel efficiency.
  • The high demand for medical devices, packaging materials, and healthcare equipment from the ever-growing healthcare sector in China is predicted to push the need for commodity plastics.
  • Ongoing innovations in the food & beverage industry across China are set to foster the demand for unique commodity plastic packaging solutions to comply with strict norms, extend the products’ shelf life, and ensure safety.

Commodity Plastic Industry Analysis by Top Investment Segments

The below section shows the global trends in the commodity plastic industry in terms of type and end-use industry. The polyethylene (PE) segment is expected to lead the commodity plastic market based on type. It is set to showcase a CAGR of around 6.5% from 2024 to 2034.

Based on the end-use industry, the packaging segment is anticipated to exhibit a dominant CAGR of 6.4% through 2034.

Segment Value CAGR (2024 to 2034)
Polyethylene (Type) 6.5%
Packaging (End-use Industry) 6.4%

Polyethylene-based General-purpose Plastics to Gain Momentum

Based on type, the polyethylene (PE) segment is anticipated to witness a CAGR of 6.5% from 2024 to 2034. Key factors contributing to the segment’s growth are:

  • As polyethylene is highly versatile, it is set to be preferred across the healthcare, automotive, construction, and packaging industries.
  • As compared to other materials, polyethylene is cost-effective and hence utilized by key manufacturers.
  • Ongoing innovations in recycling technology are projected to result in the development of novel polyethylene recycling methods, thereby driving demand.
  • Increasing demand for packaged items and convenience goods is set to push the need for high-volume polymer.
  • As polyethylene is highly durable and resistant to impact, chemicals, and moisture, it is expected to witness astonishing growth.

Packaging Industry to Look for Advanced Mainstream Plastics

In terms of the end-use industry, the packaging segment is predicted to showcase a CAGR of around 6.4% in the estimated period. This growth is attributed to the following factors:

  • Due to their ease of use and lightweight nature, commodity plastics are set to provide high convenience in the packaging industry.
  • High-demand plastics provide robust protection against physical damage, contaminants, and moisture, which increases their use in the packaging industry.
  • As commodity plastic is capable of withstanding light and air, packaged food manufacturers tend to choose it to increase the shelf life of their products.
  • Key players are looking for customized commodity plastic packaging solutions, which are set to drive demand as this type of plastic can be molded into multiple shapes.
  • Leading players in the packaging industry are inclining toward commodity plastic as it helps in reducing total production costs.

Competitive Landscape and Strategic Developments in the Commodity Plastic Sector

Leading companies in the commodity plastic market are focusing on introducing innovative plastic packaging solutions to cater to the high demand from modern consumers.

They are investing huge sums in research & development activities to discover unique packaging that would help reduce plastic pollution and comply with government norms. A handful of other companies are striving to expand their presence in the antimicrobial commodity plastic market.

For instance

  • In November 2023, Fresh Del Monte Produce Inc., a renowned producer of high-quality fruits and vegetables, collaborated with Arena Packaging to launch Reusable Plastic Containers (RPCs) specifically made for the packaging of bananas. The company aims to preserve the shelf life of bananas, reduce operational costs, and lower carbon emissions with this packaging.
  • In October 2023, Coca-Cola India introduced Coca-Cola in 100% recycled PET (rPET) bottles, which are manufactured by SLMG Beverages Ltd. and Moon Beverages Ltd. The company aims to develop a greener and more sustainable future for people in India.
  • In February 2023, Ecolab and TotalEnergies joined hands to unveil their new plastic packaging. The packaging solution is made of recycled material that would help support sustainability in the heavy-use packaging industry. As per the companies, their new packaging solution would enable the industry to keep up with the circular commitments of the European Union (EU).

Leading Companies Profiled in the Global Commodity Plastic Market Report

  • LG CHEM
  • INEOS
  • LYONDELLBASELL
  • SUMITOMO CHEMICAL
  • SABIC

Top Segments Studied in the Commodity Plastic Market

By Type:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyethylene Terephthalate (PET)
  • Poly (Methyl Methacrylate) (PMMA)

By End-use Industry:

  • Packaging
  • Automotive
  • Electronics
  • Consumer Goods
  • Construction
  • Textiles
  • Medical & Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
    • 5.1. Polyethylene (PE)
    • 5.2. Polypropylene (PP)
    • 5.3. Polyvinyl Chloride (PVC)
    • 5.4. Polystyrene (PS)
    • 5.5. Acrylonitrile Butadiene Styrene (ABS)
    • 5.6. Polyethylene Terephthalate (PET)
    • 5.7. Poly (Methyl Methacrylate) (PMMA)
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Industry
    • 6.1. Packaging
    • 6.2. Automotive
    • 6.3. Electronics
    • 6.4. Consumer Goods
    • 6.5. Construction
    • 6.6. Textiles
    • 6.7. Medical & Pharmaceutical
    • 6.8. Others
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Western Europe
    • 7.4. Eastern Europe
    • 7.5. South Asia and Pacific
    • 7.6. East Asia
    • 7.7. Middle East and Africa
  • 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Key Countries Market Analysis
  • 16. Market Structure Analysis
  • 17. Competition Analysis
    • 17.1. LG CHEM
    • 17.2. INEOS
    • 17.3. LYONDELLBASELL
    • 17.4. SUMITOMO CHEMICAL
    • 17.5. SABIC
    • 17.6. SINOPEC
    • 17.7. THE DOW CHEMICAL COMPANY
    • 17.8. EXXON MOBIL CORPORATION
    • 17.9. FORMOSA PLASTIC
    • 17.10. BASF SE
  • 18. Assumptions & Acronyms Used
  • 19. Research Methodology

List of Tables

Table 1: Global Market Value (US$ billion) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (tons) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 4: Global Market Volume (tons) Forecast by Type, 2019 to 2034

Table 5: Global Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 6: Global Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 7: North America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 8: North America Market Volume (tons) Forecast by Country, 2019 to 2034

Table 9: North America Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 10: North America Market Volume (tons) Forecast by Type, 2019 to 2034

Table 11: North America Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 12: North America Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 13: Latin America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 14: Latin America Market Volume (tons) Forecast by Country, 2019 to 2034

Table 15: Latin America Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 16: Latin America Market Volume (tons) Forecast by Type, 2019 to 2034

Table 17: Latin America Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 18: Latin America Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 19: Western Europe Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 20: Western Europe Market Volume (tons) Forecast by Country, 2019 to 2034

Table 21: Western Europe Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 22: Western Europe Market Volume (tons) Forecast by Type, 2019 to 2034

Table 23: Western Europe Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 24: Western Europe Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 25: Eastern Europe Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 26: Eastern Europe Market Volume (tons) Forecast by Country, 2019 to 2034

Table 27: Eastern Europe Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 28: Eastern Europe Market Volume (tons) Forecast by Type, 2019 to 2034

Table 29: Eastern Europe Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 30: Eastern Europe Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 31: South Asia and Pacific Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 32: South Asia and Pacific Market Volume (tons) Forecast by Country, 2019 to 2034

Table 33: South Asia and Pacific Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 34: South Asia and Pacific Market Volume (tons) Forecast by Type, 2019 to 2034

Table 35: South Asia and Pacific Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 36: South Asia and Pacific Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 37: East Asia Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 38: East Asia Market Volume (tons) Forecast by Country, 2019 to 2034

Table 39: East Asia Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 40: East Asia Market Volume (tons) Forecast by Type, 2019 to 2034

Table 41: East Asia Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 42: East Asia Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

Table 43: Middle East and Africa Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 44: Middle East and Africa Market Volume (tons) Forecast by Country, 2019 to 2034

Table 45: Middle East and Africa Market Value (US$ billion) Forecast by Type, 2019 to 2034

Table 46: Middle East and Africa Market Volume (tons) Forecast by Type, 2019 to 2034

Table 47: Middle East and Africa Market Value (US$ billion) Forecast by End-use Industry, 2019 to 2034

Table 48: Middle East and Africa Market Volume (tons) Forecast by End-use Industry, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ billion) by Type, 2024 to 2034

Figure 2: Global Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 3: Global Market Value (US$ billion) by Region, 2024 to 2034

Figure 4: Global Market Value (US$ billion) Analysis by Region, 2019 to 2034

Figure 5: Global Market Volume (tons) Analysis by Region, 2019 to 2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 8: Global Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 9: Global Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 12: Global Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 13: Global Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 14: Global Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 15: Global Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 16: Global Market Attractiveness by Type, 2024 to 2034

Figure 17: Global Market Attractiveness by End-use Industry, 2024 to 2034

Figure 18: Global Market Attractiveness by Region, 2024 to 2034

Figure 19: North America Market Value (US$ billion) by Type, 2024 to 2034

Figure 20: North America Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 21: North America Market Value (US$ billion) by Country, 2024 to 2034

Figure 22: North America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 23: North America Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 26: North America Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 27: North America Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 30: North America Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 31: North America Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 32: North America Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 34: North America Market Attractiveness by Type, 2024 to 2034

Figure 35: North America Market Attractiveness by End-use Industry, 2024 to 2034

Figure 36: North America Market Attractiveness by Country, 2024 to 2034

Figure 37: Latin America Market Value (US$ billion) by Type, 2024 to 2034

Figure 38: Latin America Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 39: Latin America Market Value (US$ billion) by Country, 2024 to 2034

Figure 40: Latin America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 41: Latin America Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 44: Latin America Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 45: Latin America Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 48: Latin America Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 49: Latin America Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034

Figure 53: Latin America Market Attractiveness by End-use Industry, 2024 to 2034

Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 55: Western Europe Market Value (US$ billion) by Type, 2024 to 2034

Figure 56: Western Europe Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 57: Western Europe Market Value (US$ billion) by Country, 2024 to 2034

Figure 58: Western Europe Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 59: Western Europe Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 62: Western Europe Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 63: Western Europe Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 66: Western Europe Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 67: Western Europe Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 70: Western Europe Market Attractiveness by Type, 2024 to 2034

Figure 71: Western Europe Market Attractiveness by End-use Industry, 2024 to 2034

Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 73: Eastern Europe Market Value (US$ billion) by Type, 2024 to 2034

Figure 74: Eastern Europe Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 75: Eastern Europe Market Value (US$ billion) by Country, 2024 to 2034

Figure 76: Eastern Europe Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 77: Eastern Europe Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 80: Eastern Europe Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 81: Eastern Europe Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 84: Eastern Europe Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 85: Eastern Europe Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 88: Eastern Europe Market Attractiveness by Type, 2024 to 2034

Figure 89: Eastern Europe Market Attractiveness by End-use Industry, 2024 to 2034

Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 91: South Asia and Pacific Market Value (US$ billion) by Type, 2024 to 2034

Figure 92: South Asia and Pacific Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 93: South Asia and Pacific Market Value (US$ billion) by Country, 2024 to 2034

Figure 94: South Asia and Pacific Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 95: South Asia and Pacific Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 98: South Asia and Pacific Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 99: South Asia and Pacific Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 102: South Asia and Pacific Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 103: South Asia and Pacific Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 106: South Asia and Pacific Market Attractiveness by Type, 2024 to 2034

Figure 107: South Asia and Pacific Market Attractiveness by End-use Industry, 2024 to 2034

Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 109: East Asia Market Value (US$ billion) by Type, 2024 to 2034

Figure 110: East Asia Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 111: East Asia Market Value (US$ billion) by Country, 2024 to 2034

Figure 112: East Asia Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 113: East Asia Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 116: East Asia Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 117: East Asia Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 118: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 120: East Asia Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 121: East Asia Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 122: East Asia Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 124: East Asia Market Attractiveness by Type, 2024 to 2034

Figure 125: East Asia Market Attractiveness by End-use Industry, 2024 to 2034

Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 127: Middle East and Africa Market Value (US$ billion) by Type, 2024 to 2034

Figure 128: Middle East and Africa Market Value (US$ billion) by End-use Industry, 2024 to 2034

Figure 129: Middle East and Africa Market Value (US$ billion) by Country, 2024 to 2034

Figure 130: Middle East and Africa Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 131: Middle East and Africa Market Volume (tons) Analysis by Country, 2019 to 2034

Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 134: Middle East and Africa Market Value (US$ billion) Analysis by Type, 2019 to 2034

Figure 135: Middle East and Africa Market Volume (tons) Analysis by Type, 2019 to 2034

Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 138: Middle East and Africa Market Value (US$ billion) Analysis by End-use Industry, 2019 to 2034

Figure 139: Middle East and Africa Market Volume (tons) Analysis by End-use Industry, 2019 to 2034

Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End-use Industry, 2024 to 2034

Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-use Industry, 2024 to 2034

Figure 142: Middle East and Africa Market Attractiveness by Type, 2024 to 2034

Figure 143: Middle East and Africa Market Attractiveness by End-use Industry, 2024 to 2034

Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

How big is the commodity plastic market?

The commodity plastic market is set to be worth USD 1170 billion by 2034.

At what rate would the commodity plastic market expand through 2034?

The commodity plastic market is set to witness a CAGR of 6.7% from 2024 to 2034.

What was the historical CAGR of the commodity plastic market?

The commodity plastic market witnessed a 7.9% CAGR from 2019 to 2023.

Which is the leading end-use industry in the commodity plastic market?

Packaging is expected to lead by showcasing a CAGR of 6.4% through 2034.

How much is Japan’s commodity plastic market worth?

Japan’s commodity plastic market is set to be worth USD 122.1 billion by 2034.

What is a commodity plastic?

It is a type of plastic that is utilized in high volumes in a wide range of applications.

Is plastic a traded commodity?

Yes, plastic is a traded commodity.

What is the largest market for plastic?

Asia Pacific is the largest market for plastic.

What is engineering vs commodity plastics?

Engineering plastic can withstand environmental and mechanical conditions, while commodities cannot.

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