Enroll Course

100% Online Study
Web & Video Lectures
Earn Diploma Certificate
Access to Job Openings
Access to CV Builder



online courses

Plastics Market Size, Price Trends, Growing Demand, Research Report 2023-2028

Plastics Market . 

The latest research study by IMARC Group, “Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a detailed analysis of the global plastics market prices, drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The market size reached US$ 615.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 747.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.18% during 2023-2028.

Plastics represent polymeric materials made from semi-synthetic or synthetic organic compounds that are malleable and can be molded into selected shapes using heat and pressure. Commonly used polymeric materials include polypropylene (PP), polyvinyl chloride (PVC), polyethylene (PE), and liquid crystal polymers. Plastics are widely used for manufacturing cups, cases, bottles, food wraps, bags, tableware, wire insulations, and non-stick surfaces. They are lightweight, cost-effective, and durable and offer high thermal and electrical insulation, corrosion resistance, and inertness to biological materials. As a result, plastics find widespread applications across various sectors, such as packaging, agriculture, automotive, electronics, construction, healthcare, and textile.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/plastics-market/requestsample

Plastics Market Trends and Drivers:

The escalating product utilization in packing pickles, processed vegetables and fruits, syrups, jams, baby food, and dairy items is among the primary factors driving the plastics market. Besides this, the elevating requirement for polymeric materials in the automotive industry to manufacture vehicle components and improve fuel efficiency, reduce weight, enhance safety, minimize noise, and lower production costs is further augmenting the market growth. Moreover, the introduction of bioplastics with potential applications in food packaging, agriculture, horticulture, medical devices, and cosmetics, owing to their lower carbon footprint, non-toxicity, safety, and bio-inertness, is also catalyzing the global market. Apart from this, the growing popularity of engineering polymeric materials that offer excellent load capacity, thermal stability, mechanical strength, and durability is acting as another significant growth-inducing factor. Furthermore, the increasing product demand for manufacturing composite materials as a replacement for metals, including steel and aluminum, for industrial engineering, building, construction, and machinery is anticipated to propel the plastics market over the forecasted period.

Plastics Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Arkema S.A, BASF SE, Celanese Corporation, Chevron Phillips Chemical Co. LLC, Chimei Corporation, Covestro AG, Dow Inc., Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Sumitomo Chemical Co. Ltd. and Toray Industries Inc.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/plastics-market

The report has segmented the market on the basis of

Breakup by Type:

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Others

Breakup by Application:

  • Injection Molding
  • Blow Molding
  • Roto Molding
  • Compression Molding
  • Casting
  • Thermoforming
  • Extrusion
  • Calendering
  • Others

Breakup by End User:

  • Packaging
  • Automotive
  • Infrastructure and Construction
  • Consumer Goods
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Related Courses and Certification

Full List Of IT Professional Courses & Technical Certification Courses Online
Also Online IT Certification Courses & Online Technical Certificate Programs