Orion Market Research

Plastics Market, Size, Share, Analysis Report & Forecast

to 2025
Request a free sample of our report on Plastics Market:
https://www.omrglobal.com/request-sample/?id=20281

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +1 646-755-7667, +91 780-304-0404

The global plastics market is expected to grow at a significant CAGR during the forecast period (2019-
2025). Plastics are human-made material derived from organic materials such as cellulose, coal, natural
gas, salt, and crude oil. Sugarcane, bamboo, corn, and wheat straw are also used in manufacturing
biodegradable plastic. Rise in the adoption of plastic-based materials for low-cost, durable, and
sustainable products from end-user industries are the prime factors driving the global plastic market.
The industries include transportation, building and construction, healthcare, automotive, food products,
telecommunications, and consumer goods. Plastics are a lightweight and versatile material that is being
used from the aeronautics industry to consumer goods.

Additionally, the rising adoption of bioplastics is the key market trend in the plastics industry. The
bioplastics are easily degradable and less harmful to the environment as compared to non-degradable
plastic products which can hamper the growth of the global thermoplastics market. Bioplastics are now
used in various applications such as packaging and domestic goods, and the dependence on petroleum-
based plastics is gradually decreasing. However, strict regulations and policies related to the
degradability of engineering plastics products can hamper the growth of the global market.

A full report of Plastics Market is available at: https://www.omrglobal.com/industry-reports/plastics-

market/

Moreover, the consumption of plastic in automotive is rapidly increasing attributed to the regulations in
India to decrease gross vehicle weight to improve fuel efficiency and eventually reduce carbon emissions
have promoted the use of plastics as a substitute to metals including aluminum and for manufacturing
of automotive components. In addition, the building and construction industry uses plastic water supply
pipes and electricity pipes, that is augmenting the demand for plastic globally. Packaging assists in
triggering the growth of the market of plastics. Use of easy-to-open and transparent packaging that can
preserve and protect food products from oxygen and water vapor has increased the demand for plastics.
Plastics are also used in preventing medical equipment from moisture and maintain hygiene.

The growth of the global plastics industry is influenced by product development and technological
advancements directed by the market players. The key players of the market include BASF SE, Exxon
Mobil Corp., Saudi Basic Industries Corp. (SABIC), Sumitomo Chemical Co., Ltd., The Dow Chemical Co.,
Celanese Corp., INEOS AG, Toray Industries, Inc., and LyondellBasell Industries N.V. Some of the market
strategies adopted by the players include INEOS AG is planning to expand capacity by increasing
investment in the Wingles, France, in order to promote the growth of acrylonitrile butadiene styrene
(ABS) in Europe. Further, SABIC launched STADECK, a new heavy-duty panel for the building and
construction industry.

Visit here to know more about plastics market competitive analysis.

Current Market Trends Covered in the Market Report:

 Growing demand for easy-to-open and transparent packaging has augmented the growth of the
market.
 HDPE (high-density polyethylene) plastic is expected to increase in containers and bottles.
 Merger and acquisitions amid key market players; escalating the market growth
 PET (Polyethylene Terephthalate) is identified to be the key trend in the bioplastics market.
 Global Plastics Market – Segmentation

Global Plastics Market – Segmentation

By Type

 Polyethylene (PE)
 Polypropylene (PP)
 Polystyrene (PS)
 Polyurethane (PVC)
 Polyurethane (PUT)
 PET
 Acrylonitrile-Butadiene-Styrene (ABS)
 Polymethyl Methacrylate (PIMMA)

By Application

 Packaging
 Building & Construction
 Automotive
 Electrical & Electronics
 Healthcare
 Household, Leisure, and Sports
 Agriculture

Global Plastics Market – Segment by Region

 North America
 Rest of Europe
 Asia-Pacific
 Rest of the World

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Media Contact:

Company Name: Orion Market Reports

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +1 646-755-7667, +91 780-304-0404

Source: Plastics Market