Plastic Calendering Resins Market

Plastic Calendering Resins Market Analysis Size and Share Forecast Outlook 2023 to 2033

The global plastic calendering resins market is anticipated to hold a market value of USD 23.6 Billion in 2023, and eventually USD 42.26 Billion by 2033. The projected growth rate is nearly 6% during the forecast period from 2023 to 2033.

The market is anticipated to be driven by increased demand for food & beverages and healthcare packaging. Moreover, the government's strict standards and policies to reduce single-use plastic waste, increased biodegradable plastics, and focus on a sustainable future have resulted in the widespread use of and demand for bio-plastic calendering resins.

Rising awareness regarding various characteristics of plastic calendering resins such as durability, flexibility, toughness, and abrasion resistance is expected to boost the demand for various types of plastic calendering resins.

Report Attributes	Details
Estimated Market Value in 2023	USD 23.6 Billion
Estimated Market Value in 2033	USD 42.26 Billion
Projected CAGR from 2023 to 2033	6%

2018 to 2022 Plastic Calendering Resins Sales Outlook Compared to Forecast from 2023 to 2033

The global Plastic Calendering Resins market garnered USD 22.26 Billion in 2022, expanding at a historical CAGR of 4%. The COVID-19 pandemic had a negative impact on the market for plastic calendering resins.

The pandemic led to the sealing of national borders and the temporary shutdown of industries and markets in 2020. There was a huge spike in the demand from the medical industry, which turned out to be positive for this industry.

The disruption in global supply chains negatively impacted the sales of other plastic products, transportation, and supply of raw materials, which led to a drop in sales of construction and automotive products, thereby leading to a reduction of plastic calendering resins demand from these sectors.

However, plastic calendering resins witnessed a recovery in demand in 2022, and the market is expected to witness significant growth over the forecast period. The estimation reveals that the industry is projected to secure a market value of USD 42.26 Billion by 2033.

Key Success Factors Driving the Plastic Calendering Resins Market

Growing Technological Advancements and Financial Investments to Aid Market Growth

The ongoing Research and Development and technological developments in the field of plastic calendering resins and the widespread adoption of and need for calendered resins across various sectors are expected to drive the market in the coming future.

Moreover, there is an increasing need for lightweight, durable, flexible, high abrasion resistance, and easily recyclable material, which is one of the major factors driving the demand for plastic calendering resins.

The fluctuating crude oil prices also have an impact on the plastic calendering resins industry. The cost of plastic calendering resin manufacturing is high because of the process involved in converting crude oil into plastic resins with the help of additives. Furthermore, rising awareness regarding sustainable living has forced manufacturers to develop recycled plastic resins and focus on Research and Development activities.

In November 2021, SK Chemicals began mass production of its first chemical recycling copolyester, named ECOTRIA CR, with the help of plastic waste recycling technology. The new technology is expected to help the company to be ahead of its competitors and capture market share.

Challenges Limiting Growth in the Plastic Calendering Resins Market

Regulations Pertaining to Plastic Usage to Hinder Market Growth

The volatile raw material prices and easy availability of various packaging materials used in the packaging sector are expected to act as major restraining factors towards the growth of the market. In addition to this, strict regulatory policies pertaining to plastic usage and the pressure of cutting prices can challenge market growth over the forecast period.

Top Countries Producing and Consuming Plastic Calendering Resins

What is the Contribution of North America to Increasing Demand?

Presence of Key Players in the Region to Increase Consumer Demand

North America is expected to grow over the forecast period owing to the use of plastic in End-uses and plastic waste generation in the region. Factors such as the presence of major market players, the availability of raw materials, and the high adoption of advanced technologies are the key factors driving the market in the region.

What is the Growth Outlook for Plastic Calendering Resins in the Asia Pacific?

Increasing Investments to Develop Packaging to Boost Regional Market

Asia Pacific accounted for the largest revenue share of over 30.0% in 2022 and is anticipated to expand at the highest CAGR over the forecast period. The region is expected to dominate the packaging segment in the coming years. The packaging industry’s growth is primarily driven by the food & beverage segment due to the rising population in the country, significant disposable incomes, and changes in food habits.

Plastic Calendering Resins Market Analysis by Type and Application

Which End-Use Segment is Boosting the Growth of the Market?

Food & Beverage Segment to Dominate the Category

The food & beverages segment accounted for the largest share of over 30.0% in 2022 and is expected to retain its position in the market over the forecast period. This can be attributed to the usage of calendering resins in food packaging as it improves shelf life, is easy to store, and can be re-sealed. Flexible packaging is a better packaging alternative to traditional packaging, which, in turn, will boost the demand in the food industry.

The healthcare segment is expected to expand at a CAGR of 4.3% over the forecast period. The use of plastic calendering resins in manufacturing medical products and their packaging is growing owing to the recent Covid-19 outbreak in 2020. It helps in providing hygienic and non-contaminated packaging alternatives. In 2020, Vynova Group launched a bio-attributed PVC calendering resin, which can be used in healthcare and medical End-uses.

By Type, Which Segment is Propelling the Market Growth?

PVC Resins Segment Leads the Type Segment and is Projected to Dominate the Market

The PVC resins segment accounted for the largest share of over 55.0% in 2022 and is expected to retain its dominance over the forecast period. This can be attributed to the increasing demand for and use of PVC resin across various industries, especially the food & beverage industry. In addition, healthcare packaging and medical products require calendered plastic, which will further drive the segment.

The PET resin segment is expected to expand at a CAGR of 3.8% over the forecast period. This can be attributed to unique properties such as flexibility, heat and impact resistance, and recyclability. The food and cosmetic industries are the biggest consumers of PET resin products owing to their heat resistance and toughness. The products made from PET are excellent for cosmetic packaging, food trays, and rigid food packaging.

Start-up Ecosystem Opening Frontiers in the Plastic Calendering Resins Market

Some of the start-ups in the market include-

• US-based start-up Circulus produces high-quality plastic resins. The start-up’s proprietary upcycling technology converts waste from landfills, incinerators, and oceans into post-consumer resins (PCR). Moreover, Circulus’ plants run on renewable energy and it reuses or composts a significant amount of water used for operations. This enables brand owners, retailers, resin producers, converters, and packaging manufacturers to utilize sustainably produced plastic.
• Dutch start-up Van Plastic 3D prints recycled plastic products. The startup develops a 3D printer that uses plastic waste as feedstock. Van Plestic, thus, locally recycles plastic into valuable objects such as chairs, tables, and plant pots. This enables companies to upcycle their plastic waste streams into usable products and reduce their carbon footprint.
• United Kingdom-based start-up Clean Planet Energy transforms plastics to clean fuels and circular naphtha. The startup’s patented pyrolysis and oil-upgrading technology convert non-recyclable waste plastics into clean fuels. It is a green alternative to fossil fuels and reduces carbon emissions. Thus, Clean Planet Energy enables government authorities and private companies to fulfill environmental initiatives by diverting plastic waste from landfills.

Competitive Landscape of the Plastic Calendering Resins Market

The players in the market are focusing to increase their global influence and adopt strategies such as; acquisition, collaboration, and partnerships. Key players in the market include Formosa Plastics Corporation; Westlake Corporation; Occidental Petroleum Corporation; Eastman Chemical Company; Avery Dennison Corporation; Covestro AG; China Petrochemical Corporation; Shin-Etsu Chemical Co., Ltd.; Reliance Industries Limited; SK Chemicals; LG Chem; LOTTE Chemical Corporation; SABIC; and Indorama Ventures Public Company Limited; Orbia. Some of the recent key developments among key players are:

• In December 2021, SABIC launched a new chemically upcycled polybutylene terephthalate (PBT) resin produced from ocean-bound polyethylene terephthalate (PET) bottle waste to reduce ocean pollution. The new calendering resin is named LNP ELCRIN IQ.
• In October 2020, LyondellBasell and Sasol announced that they entered a definitive agreement to form a 50/50 joint venture, through which LyondellBasell is likely to acquire 50% of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear low-density polyethylene plants, and associated infrastructure for a total consideration of USD 2 billion. The venture is expected to operate under the name Louisiana Integrated PolyEthylene JV LLC.
• In September 2020, INEOS Olefins & Polymers announced its partnership with Saica Natur in a supply agreement for recycled LDPE and LLDPE. The long-term agreement may help INEOS serve the growing demand for increased recycled products in sustainable, virgin quality flexible packaging.

Scope of the Plastic Calendering Resins Market Report

Report Attributes	Details
Forecast Period	2023 to 2033
Historical Data	2018 to 2022
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East & Africa
Key Countries Covered	USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Indonesia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel
Key Segments Covered	Type, End Use, Region
Key Players	Formosa Plastics Corporation, Westlake Corporation, Eastman Chemical Company, Occidental Petroleum Corporation, Shin-Etsu Chemical Co. Ltd., Avery Dennison Corporation, Covestro AG, Reliance Industries Limited, LG Chem, China Petrochemical Corporation, SK Chemicals, LOTTE Chemical Corporation, Indorama Ventures Public Company Limited, SABIC, Orbia
Pricing	Available upon Request

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
  • 5.1. Polyvinyl Chloride - PVC
  • 5.2. Polyethylene Terephthalate - PET
  • 5.3. Polypropylene - PP
  • 5.4. Polyethylene Terephthalate Glycol - PETG
  • 5.5. Others
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use
  • 6.1. Food & Beverages
  • 6.2. Automotive
  • 6.3. Healthcare & Medical
  • 6.4. Electrical & Electronics
  • 6.5. Construction & Buildings
  • 6.6. Furniture & Furniture Trim
  • 6.7. Others
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Europe
  • 7.4. Asia Pacific
  • 7.5. Middle East and Africa (MEA)
• 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Key Countries Market Analysis
• 14. Market Structure Analysis
• 15. Competition Analysis
  • 15.1. Formosa Plastics Corporation
  • 15.2. Westlake Corporation
  • 15.3. Eastman Chemical Company
  • 15.4. Occidental Petroleum Corporation
  • 15.5. Shin-Etsu Chemical Co., Ltd.
  • 15.6. Avery Dennison Corporation
  • 15.7. Covestro AG
  • 15.8. Reliance Industries Limited
  • 15.9. LG Chem
  • 15.10. China Petrochemical Corporation
  • 15.11. SK chemicals
  • 15.12. LOTTE Chemical Corporation
  • 15.13. Indorama Ventures Public Company Limited
  • 15.14. SABIC
  • 15.15. Orbia
• 16. Assumptions & Acronyms Used
• 17. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 4: Global Market Volume (Tons) Forecast by Type, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by End-use, 2018 to 2033

Table 6: Global Market Volume (Tons) Forecast by End-use, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 10: North America Market Volume (Tons) Forecast by Type, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by End-use, 2018 to 2033

Table 12: North America Market Volume (Tons) Forecast by End-use, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 16: Latin America Market Volume (Tons) Forecast by Type, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by End-use, 2018 to 2033

Table 18: Latin America Market Volume (Tons) Forecast by End-use, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Europe Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 21: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 22: Europe Market Volume (Tons) Forecast by Type, 2018 to 2033

Table 23: Europe Market Value (US$ Million) Forecast by End-use, 2018 to 2033

Table 24: Europe Market Volume (Tons) Forecast by End-use, 2018 to 2033

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 28: Asia Pacific Market Volume (Tons) Forecast by Type, 2018 to 2033

Table 29: Asia Pacific Market Value (US$ Million) Forecast by End-use, 2018 to 2033

Table 30: Asia Pacific Market Volume (Tons) Forecast by End-use, 2018 to 2033

Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: MEA Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 33: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 34: MEA Market Volume (Tons) Forecast by Type, 2018 to 2033

Table 35: MEA Market Value (US$ Million) Forecast by End-use, 2018 to 2033

Table 36: MEA Market Volume (Tons) Forecast by End-use, 2018 to 2033

List of Figures

Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by End-use, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (Tons) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 9: Global Market Volume (Tons) Analysis by Type, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by End-use, 2018 to 2033

Figure 13: Global Market Volume (Tons) Analysis by End-use, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033

Figure 16: Global Market Attractiveness by Type, 2023 to 2033

Figure 17: Global Market Attractiveness by End-use, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ Million) by Type, 2023 to 2033

Figure 20: North America Market Value (US$ Million) by End-use, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 27: North America Market Volume (Tons) Analysis by Type, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 30: North America Market Value (US$ Million) Analysis by End-use, 2018 to 2033

Figure 31: North America Market Volume (Tons) Analysis by End-use, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033

Figure 34: North America Market Attractiveness by Type, 2023 to 2033

Figure 35: North America Market Attractiveness by End-use, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) by Type, 2023 to 2033

Figure 38: Latin America Market Value (US$ Million) by End-use, 2023 to 2033

Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 45: Latin America Market Volume (Tons) Analysis by Type, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by End-use, 2018 to 2033

Figure 49: Latin America Market Volume (Tons) Analysis by End-use, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Type, 2023 to 2033

Figure 53: Latin America Market Attractiveness by End-use, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Europe Market Value (US$ Million) by Type, 2023 to 2033

Figure 56: Europe Market Value (US$ Million) by End-use, 2023 to 2033

Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Europe Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 63: Europe Market Volume (Tons) Analysis by Type, 2018 to 2033

Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 66: Europe Market Value (US$ Million) Analysis by End-use, 2018 to 2033

Figure 67: Europe Market Volume (Tons) Analysis by End-use, 2018 to 2033

Figure 68: Europe Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033

Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033

Figure 70: Europe Market Attractiveness by Type, 2023 to 2033

Figure 71: Europe Market Attractiveness by End-use, 2023 to 2033

Figure 72: Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033

Figure 74: Asia Pacific Market Value (US$ Million) by End-use, 2023 to 2033

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 81: Asia Pacific Market Volume (Tons) Analysis by Type, 2018 to 2033

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by End-use, 2018 to 2033

Figure 85: Asia Pacific Market Volume (Tons) Analysis by End-use, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033

Figure 88: Asia Pacific Market Attractiveness by Type, 2023 to 2033

Figure 89: Asia Pacific Market Attractiveness by End-use, 2023 to 2033

Figure 90: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ Million) by Type, 2023 to 2033

Figure 92: MEA Market Value (US$ Million) by End-use, 2023 to 2033

Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 99: MEA Market Volume (Tons) Analysis by Type, 2018 to 2033

Figure 100: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 102: MEA Market Value (US$ Million) Analysis by End-use, 2018 to 2033

Figure 103: MEA Market Volume (Tons) Analysis by End-use, 2018 to 2033

Figure 104: MEA Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033

Figure 105: MEA Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033

Figure 106: MEA Market Attractiveness by Type, 2023 to 2033

Figure 107: MEA Market Attractiveness by End-use, 2023 to 2033

Figure 108: MEA Market Attractiveness by Country, 2023 to 2033