The plastic market size has grown steadily in recent years. It will grow from $616.09 billion in 2024 to $645.55 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth during the historic period can be attributed to the lightweight nature of plastics, which enhances fuel efficiency in transportation, the increasing demand for sustainable and recyclable plastics, the expansion of e-commerce and online retailing, rising disposable income in emerging economies, and the growing demand for lightweight furniture.
The plastic market size is expected to see steady growth in the next few years. It will grow to $767.26 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth projected for the forecast period is driven by the rising demand in the packaging industry, the growth of the automotive sector, the expansion of construction and infrastructure projects, increased use in healthcare and medical applications, and the growth of the consumer electronics industry. Key trends in the forecast period include advancements in plastic processing technologies, a demand for cost-effective manufacturing materials, the need for improved barrier properties in packaging, technological innovations in polymer blends and composites, and the development of smart packaging solutions.
The increasing infrastructure developments are expected to drive the growth of the plastic market in the future. Infrastructure comprises the essential systems and facilities that support the functioning and advancement of a society or economy. The rise in infrastructure development is driven by the growing urban population’s demand for improved transport, housing, and basic services. Plastics play a crucial role in infrastructure due to their versatility, durability, and cost-effectiveness. They are extensively used in piping systems for water supply, sewage, and drainage because of their resistance to corrosion and chemical exposure. For example, a report published by the UK’s Office for National Statistics in July 2024 stated that total government spending on infrastructure rose by 9.6% in 2022 compared to 2021, reaching $34.9 billion (£26 billion). Hence, the growth in infrastructure development will support the expansion of the plastic market.
Leading companies in the plastic market are focusing on creating advanced products such as high-rigidity polyethylene (PE) to deliver enhanced dimensional stability. High-rigidity polyethylene (PE) is a type of plastic known for its strong structural stiffness, making it suitable for applications that require durability and resistance to deformation. For instance, in March 2022, Sumitomo Chemical, a Japanese chemical company, introduced Sumicle, a high-rigidity polyethylene (PE) designed for plastic packaging and containers. This high-rigidity PE is developed using a specialized compounding technology applicable to the base layer of plastic packages and containers. This innovation facilitates the production of single-material packages made entirely of PE, replacing traditional materials like nylon or PET in the outer base layer. When combined with a PE sealant layer, these packages become fully recyclable through horizontal recycling, enabling used plastics to be reused in similar applications. This method helps reduce dependence on fossil resources and lowers greenhouse gas emissions from plastic waste incineration.
In August 2023, DuPont, a US-based chemical company, acquired Spectrum Plastics Group for an undisclosed sum. This acquisition aligns closely with DuPont’s strategic objectives and is anticipated to boost the company’s overall revenue growth. It will enable DuPont to offer a wider, more integrated range of solutions for critical healthcare applications driven by customer-focused innovation. Spectrum Plastics Group is a US-based manufacturer specializing in plastic products.
Major players in the plastic market are ExxonMobil Chemical, BASF SE, Dow Inc., LyondellBasell Industries Holdings BV, SABIC, Mitsubishi Chemical Group, Covestro AG, INEOS Group, Solvay SA, Westlake Corp., Amcor PLC, Berry Global Inc., Borealis AG, Braskem SA, DuPont de Nemours Inc., Arkema Group, Eastman Chemical Company, Celanese Corporation, Formosa Plastics Corporation, Hanwha Group, ALPLA Group, Chevron Phillips Chemical Company LLC, Huhtamaki Oyj.
Asia-Pacific was the largest region in the plastic market in 2024. The regions covered in plastic report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the plastic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Plastic is a synthetic material made from polymers that can be shaped or molded when soft and then hardened to maintain a specific form. It is recognized for its versatility, durability, and lightweight characteristics, making it suitable for a wide range of applications. Plastics can be designed to have different properties, including flexibility, toughness, and resistance to moisture, chemicals, and wear.
The primary types of plastic products include polyethylene (PE), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), among others. Polyethylene (PE) is a widely used and versatile thermoplastic polymer made up of repeating ethylene (ethene) monomers, with the chemical formula (C₂H₄)ₙ. It is processed using various technologies such as injection molding, blow molding, extrusion molding, thermoforming, and rotational molding. PE serves numerous industries, including packaging, automotive and transportation, infrastructure and construction, consumer goods or lifestyle, healthcare and pharmaceuticals, electrical and electronics, textiles, and more.
The plastic market research report is one of a series of new reports that provides plastic market statistics, including plastic industry global market size, regional shares, competitors with a plastic market share, detailed plastic market segments, market trends and opportunities, and any further data you may need to thrive in the plastic industry. This plastic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plastic market consists of sales of pipes, fittings, insulation boards, furniture items, and recreational items. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The plastic market size is expected to see steady growth in the next few years. It will grow to $767.26 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth projected for the forecast period is driven by the rising demand in the packaging industry, the growth of the automotive sector, the expansion of construction and infrastructure projects, increased use in healthcare and medical applications, and the growth of the consumer electronics industry. Key trends in the forecast period include advancements in plastic processing technologies, a demand for cost-effective manufacturing materials, the need for improved barrier properties in packaging, technological innovations in polymer blends and composites, and the development of smart packaging solutions.
The increasing infrastructure developments are expected to drive the growth of the plastic market in the future. Infrastructure comprises the essential systems and facilities that support the functioning and advancement of a society or economy. The rise in infrastructure development is driven by the growing urban population’s demand for improved transport, housing, and basic services. Plastics play a crucial role in infrastructure due to their versatility, durability, and cost-effectiveness. They are extensively used in piping systems for water supply, sewage, and drainage because of their resistance to corrosion and chemical exposure. For example, a report published by the UK’s Office for National Statistics in July 2024 stated that total government spending on infrastructure rose by 9.6% in 2022 compared to 2021, reaching $34.9 billion (£26 billion). Hence, the growth in infrastructure development will support the expansion of the plastic market.
Leading companies in the plastic market are focusing on creating advanced products such as high-rigidity polyethylene (PE) to deliver enhanced dimensional stability. High-rigidity polyethylene (PE) is a type of plastic known for its strong structural stiffness, making it suitable for applications that require durability and resistance to deformation. For instance, in March 2022, Sumitomo Chemical, a Japanese chemical company, introduced Sumicle, a high-rigidity polyethylene (PE) designed for plastic packaging and containers. This high-rigidity PE is developed using a specialized compounding technology applicable to the base layer of plastic packages and containers. This innovation facilitates the production of single-material packages made entirely of PE, replacing traditional materials like nylon or PET in the outer base layer. When combined with a PE sealant layer, these packages become fully recyclable through horizontal recycling, enabling used plastics to be reused in similar applications. This method helps reduce dependence on fossil resources and lowers greenhouse gas emissions from plastic waste incineration.
In August 2023, DuPont, a US-based chemical company, acquired Spectrum Plastics Group for an undisclosed sum. This acquisition aligns closely with DuPont’s strategic objectives and is anticipated to boost the company’s overall revenue growth. It will enable DuPont to offer a wider, more integrated range of solutions for critical healthcare applications driven by customer-focused innovation. Spectrum Plastics Group is a US-based manufacturer specializing in plastic products.
Major players in the plastic market are ExxonMobil Chemical, BASF SE, Dow Inc., LyondellBasell Industries Holdings BV, SABIC, Mitsubishi Chemical Group, Covestro AG, INEOS Group, Solvay SA, Westlake Corp., Amcor PLC, Berry Global Inc., Borealis AG, Braskem SA, DuPont de Nemours Inc., Arkema Group, Eastman Chemical Company, Celanese Corporation, Formosa Plastics Corporation, Hanwha Group, ALPLA Group, Chevron Phillips Chemical Company LLC, Huhtamaki Oyj.
Asia-Pacific was the largest region in the plastic market in 2024. The regions covered in plastic report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the plastic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Plastic is a synthetic material made from polymers that can be shaped or molded when soft and then hardened to maintain a specific form. It is recognized for its versatility, durability, and lightweight characteristics, making it suitable for a wide range of applications. Plastics can be designed to have different properties, including flexibility, toughness, and resistance to moisture, chemicals, and wear.
The primary types of plastic products include polyethylene (PE), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), among others. Polyethylene (PE) is a widely used and versatile thermoplastic polymer made up of repeating ethylene (ethene) monomers, with the chemical formula (C₂H₄)ₙ. It is processed using various technologies such as injection molding, blow molding, extrusion molding, thermoforming, and rotational molding. PE serves numerous industries, including packaging, automotive and transportation, infrastructure and construction, consumer goods or lifestyle, healthcare and pharmaceuticals, electrical and electronics, textiles, and more.
The plastic market research report is one of a series of new reports that provides plastic market statistics, including plastic industry global market size, regional shares, competitors with a plastic market share, detailed plastic market segments, market trends and opportunities, and any further data you may need to thrive in the plastic industry. This plastic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plastic market consists of sales of pipes, fittings, insulation boards, furniture items, and recreational items. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Plastic Based Meat Packaging Market Characteristics3. Plastic Based Meat Packaging Market Trends And Strategies4. Plastic Based Meat Packaging Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market32. Global Plastic Based Meat Packaging Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Plastic Based Meat Packaging Market34. Recent Developments In The Plastic Based Meat Packaging Market
5. Global Plastic Based Meat Packaging Growth Analysis And Strategic Analysis Framework
6. Plastic Based Meat Packaging Market Segmentation
7. Plastic Based Meat Packaging Market Regional And Country Analysis
8. Asia-Pacific Plastic Based Meat Packaging Market
9. China Plastic Based Meat Packaging Market
10. India Plastic Based Meat Packaging Market
11. Japan Plastic Based Meat Packaging Market
12. Australia Plastic Based Meat Packaging Market
13. Indonesia Plastic Based Meat Packaging Market
14. South Korea Plastic Based Meat Packaging Market
15. Western Europe Plastic Based Meat Packaging Market
16. UK Plastic Based Meat Packaging Market
17. Germany Plastic Based Meat Packaging Market
18. France Plastic Based Meat Packaging Market
19. Italy Plastic Based Meat Packaging Market
20. Spain Plastic Based Meat Packaging Market
21. Eastern Europe Plastic Based Meat Packaging Market
22. Russia Plastic Based Meat Packaging Market
23. North America Plastic Based Meat Packaging Market
24. USA Plastic Based Meat Packaging Market
25. Canada Plastic Based Meat Packaging Market
26. South America Plastic Based Meat Packaging Market
27. Brazil Plastic Based Meat Packaging Market
28. Middle East Plastic Based Meat Packaging Market
29. Africa Plastic Based Meat Packaging Market
30. Plastic Based Meat Packaging Market Competitive Landscape And Company Profiles
31. Plastic Based Meat Packaging Market Other Major And Innovative Companies
35. Plastic Based Meat Packaging Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Plastic Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on plastic market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for plastic ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plastic market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Polyethylene (PE); Polypropylene (PP); Polyurethane (PU); Polyvinyl chloride (PVC); Other Product Types2) By Technology: Injection Molding; Blow Molding; Extrusion Molding; Thermoforming; Rotational Molding
3) By End-Use Industry: Packaging; Automotive And Transportation; Infrastructure And Construction; Consumer Goods Or Lifestyle; Healthcare And Pharmaceuticals; Electrical And Electronics; Textile; Other End-Use Industries
Subsegments:
1) By Polyethylene (PE): Low-Density Polyethylene (LDPE); High-Density Polyethylene (HDPE); Linear Low-Density Polyethylene (LLDPE); Medium-Density Polyethylene (MDPE); Ultra-High Molecular Weight Polyethylene (UHMWPE)2) By Polypropylene (PP): Homo-Polypropylene; Block Copolymer Polypropylene; Random Copolymer Polypropylene
3) By Polyurethane (PU): Thermoplastic Polyurethane (TPU); Thermoset Polyurethane; Flexible Foam; Rigid Foam; Coatings, Adhesives, Sealants
4) By Polyvinyl Chloride (PVC): Rigid PVC (uPVC); Flexible PVC
5) By Other Product Types: Polystyrene (PS); Polyethylene Terephthalate (PET); Acrylic (PMMA); Nylon (Polyamide); ABS (Acrylonitrile Butadiene Styrene); Others
Key Companies Profiled: ExxonMobil Chemical; BASF SE; Dow Inc.; LyondellBasell Industries Holdings BV; SABIC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- ExxonMobil Chemical
- BASF SE
- Dow Inc.
- LyondellBasell Industries Holdings BV
- SABIC
- Mitsubishi Chemical Group
- Covestro AG
- INEOS Group
- Solvay SA
- Westlake Corp.
- Amcor PLC
- Berry Global Inc.
- Borealis AG
- Braskem SA
- DuPont de Nemours Inc.
- Arkema Group
- Eastman Chemical Company
- Celanese Corporation
- Formosa Plastics Corporation
- Hanwha Group
- ALPLA Group
- Chevron Phillips Chemical Company LLC
- Huhtamaki Oyj
