The commodity plastics market was valued at USD 340.99 Billion in 2016 and is projected to reach USD 493.74 Billion by 2022, at a CAGR of 6.6% during the forecast period. This market has been segmented on the basis of type, application, and region. Based on type, the commodity plastics market has been segmented into Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Poly(methyl methacrylate) (PMMA), and others. Based on application, the market has been segmented into packaging, construction, consumer goods, automotive, electronics, textile, medical & pharmaceutical, and others. Based on region, the market has been segmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The base year considered for the study is 2016 and forecast period is between 2017 and 2022.

Objectives of the Study:

To define, describe, and forecast the commodity plastics market on the basis of type, application, and region
To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape of the market
To strategically profile key players and comprehensively analyze their market shares and core competencies
Both top-down and bottom-up approaches were used to estimate and validate the size of the commodity plastics market and estimate the sizes of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Factiva, Securities and Exchange Commission (SEC), and American National Standards Institute (ANSI) to identify and collect information useful for the technical, market-oriented, and commercial study of the commodity plastics market.

https://www.marketsandmarkets.com/Market-Reports/commodity-plastic-market-74592493.html

Packaging the largest application for commodity plastics

The packaging application segment accounted for the largest share of the commodity plastics market in 2016. In this application, commodity plastics are used in manufacturing plastic products such as bottles, caps & closures, films & special films, transport crates, and containers & drums. These products are used in retail, institutional, and industrial packaging, including food & beverages, pharmaceutical, consumer goods, and industrial packaging applications. Changing lifestyle and increasing per capita income are the major drivers for the increasing demand for packaged food, which has further increased the demand for commodity plastics in the packaging application.

Polyethylene (PE) the fastest-growing type of commodity plastics

PE is the fastest-growing type segment of the commodity plastics market. It is the largest produced and consumed commodity plastic type across the world due to its easy availability and lower processing cost. It is highly transparent and colorless, although the thicker versions of PE are opaque or off white. It is widely used in packaging applications for plastics bags, plastic films, plastic containers, household & kitchenware, tubing, bottles, gas & water pipes, wire insulation, chemical containers, and bags manufacturing.

Asia Pacific the largest market for commodity plastics

Asia Pacific is a key market for commodity plastics. The increased demand for commodity plastics from emerging economies such as China and India is projected to drive the growth of the commodity plastics market in the Asia Pacific region. The increasing applicability of commodity plastics in packaging application is projected to drive the growth of the commodity plastics market in this region.

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Key Target Audience:

Manufacturers of Commodity Plastics
Traders, Distributors, and Suppliers of Commodity Plastics
Regional Manufacturers Associations and General Chemical Associations
Government & Regional Agencies and Research Organizations
Investment Research Firms
On the basis of Type:

PE
PP
PS
PVC
PMMA
Others
On the basis of Application:

Packaging
Construction
Consumer Goods
Automotive
Electronics

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