Plastics Market - GLOBAL:2021

Market Report Coverage :
Start Year : 2019 - Forecast Year : 2025 - Start Value : $621.9 Billion in 2019 - Forecast Value : $758.6 Billion by 2025 - CAGR % : 0.03%
Description :
Market Report Coverage - Plastics

Market Segmentation

• Packaging
• Building and Construction
• Elecrtical and Electronics
• Consumer Goods
• Automotive
• Others (Agriculture, Medical, Textile, Transport, among others)

Regional Segmentation

• North America - U.S., Canada, and Mexico
• Europe – Germany, France, Belgium, Italy, and Rest-of-Europe
• Asia-Pacific and Japan– Japan, India, South-Korea, and Rest-of-APAC
• U.K.
• China
• South America (Argentina, Brazil, Colombia, Peru, and Rest of South America)
• Middle East and Africa

Market Drivers

• Increasing demand from the packaging industry
• High utility across every industry
• Emergence of renewable and bio-based raw materials
• Increasing demand for long fiber polypropylene compound
• Regulatory push in adoption of lightweight materials

Market Challenges

• Stringent government regulations on plastic production and recycling
• Instability in feedstock prices
• Stagnant growth of the automotive market in developed countries

Market Opportunities

• Increasing applications in 3D printing
• Blue Ocean opportunities of growth in MEA and South America
• Growing usability in the automotive sector
• Importance of lightweight materials in the electric vehicle demand surge

Key Companies Profiled

The Dow Chemical Company, BASF S.E., Arkema S.A., LyondellBasell Industries N.V., INEOS, Lanxess AG, MBA Polymers Inc., Koninklijke DSM N.V., Novamont S.p.A., Evonik Industries AG, Neste Oyj, Royal Dutch Shell, Formosa Plastics, LG Chem Ltd., SABIC, ENI S.p.A. (Versalis), Chevron Phillips Chemical Company, LLC, ExxonMobil Corporation, Borealis AG, Total SE, Sinopec and Braskem S.A.

Key Questions Answered in this Report:

• Why are plastics a requirement in the market? How has the plastics market evolved over the years?
• Which type of plastic is anticipated to dominate the market in the next five years (2021-2025)?
• What are the driving and restraining factors affecting the global plastic market?
• How are the future trends expected to impact the plastic market in the coming years?
• What are the opportunities for players in the global plastic market?
• How is the demand for the plastic market expected to change with the stringent regulatory landscape?
• What are the applications and corresponding end-use industries driving the demand for plastics?
• Which region and which country are the major consumers of the plastic market?
• Which country/region is going to emerge as a potential revenue-generating pocket for the plastic market during the forecast period 2020-2025?
• What are the strategies adopted by major players in the plastic market?
• Which end-user industry is expected to dominate the plastic market by 2025?
• How are the prices of products going to behave in the next five years, and what is their impact on the plastic market?
• How has COVID-19 impacted the plastic business across the supply chain globally?
• Which key organizations across various countries are involved in research and development for plastic products?
• How is the demand-supply curve for plastic going to shift over the years (2020-2025)?
• What are customer attributes across various countries for plastic product adoption?
• How is the adoption of plastic expected to impact the profit and operation of the end-user industries?
• How is the sales channel of plastic projected to evolve over the forecast period?

Market Overview

The global plastics market is mainly attributed due to the increased demand for plastic in packaging products such as bottles, films, containers, among others. Additionally, the implementation of government laws and regulations across the globe limits the production and plastics. Moreover, in several countries such as Germany, the U.S., and Canada, laws regarding the ban on single-use plastics have also been implemented, thereby discouraging the demand for plastics on a global scale. The increasing emphasis on advanced and innovative technologies and products in the plastics industry, such as bio-based plastics and recycled plastics, creates several opportunities for the manufacturers to expand their revenue stream and product portfolios.

The global plastics market accounted for $621.9 billion in 2019 and is expected to reach $758.6 billion by 2025. The market is anticipated to grow at a CAGR of 3.37% during the forecast period 2020-2025. The market growth is mainly attributed to the rising number of applications for plastics, increasing adoption and awareness rates of bio-plastics and recycled plastics, and heavy investments made in the research and development of bio-based plastic products and solutions. In addition, governments are coming up with policies and laws to encourage the development and usage of bioplastics in a transparent manner, which is expected to drive market growth during the forecast period.

COVID-19 has hit the plastics industry hard in terms of import of raw-material, transportation, and in maintaining a smooth supply-demand. The unavailability of sufficient raw material has created an imbalance in supply for medium-scale manufacturers as well as small-scale and medium-scale end users. Moreover, the price imbalance created in the oil and gas sector due to COVID-19 resulted in volatility in petroleum-based plastic prices.

Competitive Landscape

Continuous product expansions (launches and enhancements) are some of the business strategies executed in the plastics market. Several companies, including BASF SE, Lanxess AG, LyondellBasell Industries N.V., and INEOS have been involved in product launches and enhancements.
Countries Covered :
North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Peru
Colombia
Rest-of-South America
Europe
Germany
France
Belgium
Italy
Rest-of-Europe
U.K.
Middle East and Africa
China
Asia-Pacific and Japan
South Korea
Japan
India
Rest-of-Asia-Pacific
Keywords :
Plastics, Plastics Market, Plastics Industry, Plastics Report, Plastics Market Forecasts, Plastics Market Trends, Plastics Market Products, Plastics Market Applications, Plastics Market Companies, Plastics Market Analysis, Plastics Industry Analysis, What is Plastic, Plastics Definition, Packaging Plastics Market, Building and Construction Plastics Market, Electrical and Electronics Plastics Market, Consumer Goods Plastics Market, Automotive Plastics Market, Medical Plastics Market, Agriculture Plastics Market, Textiles Plastics Market, Thermoplastics Plastics Market, Polyethylene Terephthalate Plastics Market, Polyolefins Plastics Market, Polyethylene Plastics Market, Polypropylene Plastics Market, Polyvinyl Chloride Plastics Market, Polystyrene Plastics Market, Acrylonitrile Butadiene Styrene Plastics Market, Biopolymers Plastics Market, Polylactic Acid Plastics Market, Polybutylene Adipate Terephthalate Plastics Market, Starch Blends Plastics Market, Recycled-PET Plastics Market, Recycled-PE Plastics Market, Recycled-PP Plastics Market, Injection Molding Plastics Market, Blow Molding Plastics Market, Extrusion Molding Plastics Market, Compression Molding Plastics Market, Recycled Resins Plastics Market, North America Plastics Market, South America Plastics Market, Europe Plastics Market, U.K. Plastics Market, Middle East and Africa Plastics Market, China Plastics Market, Asia-Pacific and Japan Plastics Market
Press Release :
According to a premium market intelligence report by BIS Research, titled “Plastics - A Global and Regional Market Analysis: 2020-2025”, the global plastics market is expected to create an annual revenue opportunity of $758.6 billion by 2025.

With an expected rise in the demand for plastics in end-user segments such as packaging, automotive, and building and construction, growth in plastics supply is expected by 2025. Companies across the globe are looking for ways to maintain their relevance in this ever-changing plastics industry. Further, leading conventional plastic manufacturers and bio-based plastic manufacturing companies, to stay relevant in this industry, are planning to increase production as well as the import of the same.

Who stands to gain from this report?

• Petroleum-based and bio-based plastic end-use product manufacturing companies as well as companies who have or plan to have solutions related to plastic recycling
• Suppliers who manufacture/import different grades of plastics required for the manufacturing of end-use and application products

What can they find in this report?

• Key trends impacting the plastics industry, along with information on new technologies and products that end-use product manufacturers are adopting
• The shaping of the plastics industry over the next five years (2020-2025) across different regions and countries
• Detailed insights and information of key companies operational in this market - These insights include their growth strategies, as well as how they compare against each other at a global, regional, and country-level.

What is the use of this report?

• Driving a successful growth strategy – Target those markets at an opportune time, where the demand for plastics is expected to rise
• Driving a successful product strategy – Information regarding the products that must be targeted if suppliers intend to capitalize on the changes brought in the market via the plastics market?
• Driving a successful competitive strategy – Know who the competition is and how they have responded to the changes brought in the market via plastics

As a deep dive, some key questions answered in this report are:

• Which are the major trends that will shape the future of the plastics industry?
• Which are the key factors that impact the demand for plastics?
• Which are the key strategies adopted by market players to ensure their market positioning?
• What are the opportunities that suppliers of plastics must capitalize upon to grow their market presence?
• How does the supply chain function in the plastics market?
• How is the supply-demand scenario expected to pan out for plastics?
• Which types of plastics provide an attractive investment opportunity in terms of current revenue generation and volume sales along with their future growth potential from 2019-2025?
• Which are the key application areas for different types of plastics, and which application area would help foster the future demand for different types of the same?
• Which type of applications generate maximum demand for plastics, and how is the demand expected to grow in terms of value and volume over 2019-2025?
• Which are the players that are catering to the demand for different plastics types, and how are they benchmarked against each other in different regions and countries?
• What are the key offerings of the prominent companies in the market for plastics?
• Which regions and countries offer attractive opportunities to suppliers of plastics?
• How do the different products, their applications, and the consumption by plastics vary with regions and countries?
• What are the new application areas for plastics?
• What are the key attributes of consumers in various regions for plastics?
• What is the impact of COVID-19 on the plastics market?

This report is a good compilation of research on more than 25 players in the global plastics market. It draws upon the insights from in-depth interviews with key opinion leaders of more than 20 leading companies, market experts, and vendors.

The report also profiles 22 suppliers and key ecosystem participants in the plastics market. BASF SE, ExxonMobil Corporation and LyondellBasell Industries N.V. are some of the leading players profiled in the market study.
Companies Mentioned :
The Dow Chemical Company
BASF SE
Arkema S.A.
LyondellBasell Industries N.V.
INEOS
Lanxess AG
MBA Polymers Inc.
Koninklijke DSM N.V.
Novamont S.p.A.
Evonik Industries AG
Neste Oyj
Royal Dutch Shell
Formosa Plastics
LG Chem Ltd.
SABIC
ENI S.p.A. (Versalis)
Chevron Phillips Chemical Company, LLC
ExxonMobil Corporation
Borealis AG
Total SE
Sinopec
Braskem S.A.
Press Release :
According to a premium market intelligence report by BIS Research, titled “Plastics - A Global and Regional Market Analysis: 2020-2025”, the global plastics market is expected to create an annual revenue opportunity of $758.6 billion by 2025.

With an expected rise in the demand for plastics in end-user segments such as packaging, automotive, and building and construction, growth in plastics supply is expected by 2025. Companies across the globe are looking for ways to maintain their relevance in this ever-changing plastics industry. Further, leading conventional plastic manufacturers and bio-based plastic manufacturing companies, to stay relevant in this industry, are planning to increase production as well as the import of the same.

Who stands to gain from this report?

• Petroleum-based and bio-based plastic end-use product manufacturing companies as well as companies who have or plan to have solutions related to plastic recycling
• Suppliers who manufacture/import different grades of plastics required for the manufacturing of end-use and application products

What can they find in this report?

• Key trends impacting the plastics industry, along with information on new technologies and products that end-use product manufacturers are adopting
• The shaping of the plastics industry over the next five years (2020-2025) across different regions and countries
• Detailed insights and information of key companies operational in this market - These insights include their growth strategies, as well as how they compare against each other at a global, regional, and country-level.

What is the use of this report?

• Driving a successful growth strategy – Target those markets at an opportune time, where the demand for plastics is expected to rise
• Driving a successful product strategy – Information regarding the products that must be targeted if suppliers intend to capitalize on the changes brought in the market via the plastics market?
• Driving a successful competitive strategy – Know who the competition is and how they have responded to the changes brought in the market via plastics

As a deep dive, some key questions answered in this report are:

• Which are the major trends that will shape the future of the plastics industry?
• Which are the key factors that impact the demand for plastics?
• Which are the key strategies adopted by market players to ensure their market positioning?
• What are the opportunities that suppliers of plastics must capitalize upon to grow their market presence?
• How does the supply chain function in the plastics market?
• How is the supply-demand scenario expected to pan out for plastics?
• Which types of plastics provide an attractive investment opportunity in terms of current revenue generation and volume sales along with their future growth potential from 2019-2025?
• Which are the key application areas for different types of plastics, and which application area would help foster the future demand for different types of the same?
• Which type of applications generate maximum demand for plastics, and how is the demand expected to grow in terms of value and volume over 2019-2025?
• Which are the players that are catering to the demand for different plastics types, and how are they benchmarked against each other in different regions and countries?
• What are the key offerings of the prominent companies in the market for plastics?
• Which regions and countries offer attractive opportunities to suppliers of plastics?
• How do the different products, their applications, and the consumption by plastics vary with regions and countries?
• What are the new application areas for plastics?
• What are the key attributes of consumers in various regions for plastics?
• What is the impact of COVID-19 on the plastics market?

This report is a good compilation of research on more than 25 players in the global plastics market. It draws upon the insights from in-depth interviews with key opinion leaders of more than 20 leading companies, market experts, and vendors.

The report also profiles 22 suppliers and key ecosystem participants in the plastics market. BASF SE, ExxonMobil Corporation and LyondellBasell Industries N.V. are some of the leading players profiled in the market study.
Headline :
The Plastics Industry Set to Create an Annual $758.6 Billion Revenue Opportunity for Several End-Use Applications Globally by 2025
Table of Contents :
Please pick up TOC from website URL: https://bisresearch.com/industry-report/plastics-market.html