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Iraq Plastics Market: Market Forecast By Product, By Application and Competitive Landscape

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    Report

  • 77 Pages
  • January 2023
  • Region: Iraq
  • 6W Research
  • ID: 5908852

Iraq Plastics Market Synopsis

Iraq plastics market has shown decent growth during the pre-covid years owing to the growing packaging sector along with investments in the construction sector. In 2020, imports of plastic products suffered on account of disruption in the global supply chain due to the imposition of covid restrictions. Moreover, a temporary halt in global production facilities of plastic products negatively affected the Iraq plastic market. However, after the pandemic, the market for Iraq Plastics is expected to grow during the forecast period on the back of growing medical devices which would experience a growth of 4.0% in 2023. Further, electrical & electronics would contribute to the growth of the market for plastic in Iraq towards positive development and thus would further propel the demand for plastic products in the coming years.

According to this research, the Iraq Plastics Market revenue size is projected to grow at a CAGR of 5.2% during 2023-2029. The market would experience growth in the forecast period on account of the growing construction and healthcare sector in Iraq. Furthermore, between 2022 and 2025, the construction sector is anticipated to grow at an average annual rate of around 6% which includes investments in infrastructure projects related to transportation, energy, power, education, and housing. Several infrastructure projects such as Al Kut Baghdad Highway, Al Rasheed Residential City, Al Sadr City, and others would contribute to the demand for plastic in the future. Moreover, Iraq is planning to complete the Al-Hurriya hospital project in Baghdad and has achieved a 55 percent completion rate and is expected to open by the end of 2024.

Market by Product

Polyethylene accounted for a major revenue share in 2022 as it is used in construction materials like plastic sheets, geomembranes, and insulation for its moisture resistance and durability. Moreover, it is used in medical devices, such as prosthetics, implants, and components for medical equipment. Thus, the growing medical device and construction sector contributes to the rise in demand for Polyethylene.

Market by Application

The packaging sector acquired a major revenue share in 2022 as packaging contributes to a large amount of plastic consumption in Iraq. Moreover, Iraq’s consumption of packaged food has increased and is continuously growing by 28% and the country is the second largest consumer of packaged foods in the Middle East. Therefore, due to the rise in the packaging sector, the demand for plastic products will also rise in the future.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Iraq Plastics Market Overview
  • Iraq Plastics Market Outlook
  • Iraq Plastics Market Forecast
  • Historical Data and Forecast of Iraq Plastics Market Revenues and Volume, for the Period 2019-2029F
  • Historical Data and Forecast of Iraq Plastics Market Revenues, By Product, for the Period 2019-2029F
  • Historical Data and Forecast of Iraq Plastics Market Revenues, By Application, for the Period 2019-2029FF
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Application
  • Market Drivers and Restraints
  • Market Trends
  • Competitive Benchmarking
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Others (PVA, PETG, ABS, etc.)

By Application

  • Packaging
  • Construction
  • Electrical & Electronics
  • Medical Devices
  • Agriculture
  • Consumer Goods
  • Others (Textile, Automotive, Furniture, etc.)

Table of Contents


1 Executive Summary
2 Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Iraq Plastic Market Overview
3.1 Iraq Plastic Market Revenues & Volume, 2022 - 2029F
3.2 Iraq Plastic Market - Industry Life Cycle
3.3 Iraq Plastic Market - Porter's Five Forces
3.4 Iraq Plastic Market Revenue Share, By Product, 2022 & 2029F
3.5 Iraq Plastic Market Revenues Share, By Application, 2022 & 2029F
4 Iraq Plastic Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Iraq Plastic Market Trends
6 Iraq Plastic Market, By Product
6.1 Iraq Plastic Market Revenues, By Polyethylene (PE), 2019 - 2029F
6.2 Iraq Plastic Market Revenues, By Polypropylene (PP), 2019 - 2029F
6.3 Iraq Plastic Market Revenues, By Polyurethane (PU), 2019 - 2029F
6.4 Iraq Plastic Market Revenues, By Polyvinyl chloride (PVC), 2019 - 2029F
6.5 Iraq Plastic Market Revenues, By Polyethylene terephthalate (PET), 2019 - 2029F
6.6 Iraq Plastic Market Revenues, By Polystyrene (PS), 2019 - 2029F
6.7 Iraq Plastic Market Revenues, By Others, 2019 - 2029F
7 Iraq Plastic Market, By Application
7.1 Iraq Plastic Market Revenues, By Packaging, 2019 - 2029F
7.2 Iraq Plastic Market Revenues, By Construction, 2019 - 2029F
7.3 Iraq Plastic Market Revenues, By Electrical & Electronics, 2019 - 2029F
7.4 Iraq Plastic Market Revenues, By Medical Devices, 2019 - 2029F
7.5 Iraq Plastic Market Revenues, By Agriculture, 2019 - 2029F
7.6 Iraq Plastic Market Revenues, By Others, 2019 - 2029F
8 Iraq Plastic Market Trade Statistics
8.1 Iraq Plastic Market Trade Statistics
9 Iraq Plastic Market Key Performance Indicators
10 Iraq Plastic Market - Opportunity Assessment
10.1 Iraq Plastic Market Opportunity Assessment, By Product, 2029F
10.2 Iraq Plastic Market Opportunity Assessment, By Application, 2029F
11 Iraq Plastic Market - Competitive Landscape
11.1 Iraq Plastic Market Revenue Share/ Ranking, By Companies, 2022
11.2 Iraq Plastic Market Competitive Benchmarking, By Operating and Technical Parameters
12 Company Profiles
12.1 Dow Inc
12.2 SABIC
12.3 Borouge Polymers Company Ltd.
12.4 Evonik Industries AG
12.5 Saudi Polymers LLC
12.6 Zamil Plastic Industries Limited
12.7 National Industrialization Company (TASNEE)
12.8 Takween Advanced Industries
12.9 Ardalhemma
12.10 Almutahida Packaging
13. Key Strategic Recommendations14. Addendum15. Disclaimer
List of Figures
1. Iraq Plastics Market Revenues and Volume, 2019-2029F, ($ Million, Kiloton)
2. Iraq Plastic Market Revenue Share, By Product, 2022 & 2029F
3. Iraq Plastic Market Revenue Share, By Application, 2022 & 2029F
4. Iraq Hospital Projects, 2022
5. Iraq Statistics for Primary Form of Plastic
6. Iraq Statistics of Finished Products of Plastic
7. Iraq Import Share of Polyethylene in Primary Form, 2022
8. Iraq Import Share of Polypropylene in Primary Form, 2022
9. Iraq Import Share of Polystyrene in Primary Form, 2022
10. Iraq Import Share of Polyvinyl Chloride in Primary Form, 2022
11. Iraq Import Share of Polyurethane in Primary Form, 2022
12. Iraq Number of Projects of Ministry of Construction, Housing, Municipalities, and Public Works, 2020
13. Iraq Plastics Market Opportunity Assessment, By Product, 2029F
14. Iraq Plastics Market Opportunity Assessment, By Application, 2029F
15. Iraq Plastics Market Revenue Ranking, By Companies, 2022
16. Iraq Political Stability Index, 2017-2021
17. Iraq CO2 Emission, 2017-2021 (Million Metric Tons)
18. Fate of Plastic wastes in Iraq
19. Cost of Virgin PET and Recycle PET, 2020 ($ Per Ton)
List of Tables
1. Iraq Ongoing Infrastructure Projects
2. Iraq Plastics Market Revenues, By Product, 2019-2029F ($ Million)
3. Iraq Plastics Market Revenues, By Application, 2019-2029F ($ Million)
4. Iraq Import of Plastic Product from Major Countries
5. Iraq Import of Finished Product from Major Countries
6. Iraq Completed and Upcoming Oil and Gas Projects
7. Iraq Power Plant Projects
8. Number of Tourism in Iraq, By Province, 2021-2022 (Million Arrivals)

Companies Mentioned

  • Dow Inc
  • SABIC
  • Borouge Polymers Company Ltd.
  • Evonik Industries AG
  • Saudi Polymers LLC
  • Zamil Plastic Industries Limited
  • National Industrialization Company (TASNEE)
  • Takween Advanced Industries
  • Ardalhemma
  • Almutahida Packaging