Commodity Plastic Market New Industry Research on Present State & Future Growth Prospects by 2022

 Market Research Future published a Cooked Research Report on Global Commodity Plastic Market that contains facts about the market’s past trend and growth since 2016 along with its predicted future information till 2022. The Global Commodity Plastic Market has been growing at the CAGR of ~5.56 % from 2016 and is expected to continue the same till 2022.

Test the market data and market information presented over more than 200 market data tables and figures spread in more than 190 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Commodity Plastic Market from 2016 to 2022.

Market Highlights:

Although Commodity Plastics have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of Commodity Plastic Market. This has also resulted in the development of newer and improved application and performance properties; Commodity Plastic that are fast, easy, and low cost are in demand. Such newly developed Commodity Plastic includes fast curing polyethylene and polyurethanes, PVC and PET and others.

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Commodity Plastics belongs to a superior class of plastic material which are broadly used in large volume in multiple applications which majorly include packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others. These plastics are used in application industries to enhance their mechanical properties and simultaneously helps in reducing the cost of production. However, from the manufacturers’ side, this has created a platform to increase the production capacity to meet the current demand.

Market Segmentation Analysis:

Global Commodity Plastic Market has grown at a CAGR of 4.7% in terms of volume and 5.6% in terms of value, during the period 2016-2022. The factors driving the growth of the global market are advancements in the end user industries of Commodity Plastics, growing application industries, and increasing demand from Consumer goods and FMCG sectors.

Global Commodity Plastic Market by Type has been divided into polyethylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and other, however, polyethylene has acquired the largest market share of 31% of total market with an estimated value of USD 110.8 billion in 2016 and expected to touch USD 155.9 billion by the end of forecasted year with a CAGR of 5.58%, followed by polypropylene and polyvinyl chloride.

Polyethylene (PE) is undoubtedly one of the most popular plastic across the globe which is majorly used in the plastic industries to manufacture plastic bottles, plastic toys, and grocery bags and also in bullet proof jackets. Along with this, PE also holds a significant role in other application industries such as packaging, electronics, automotive and many others. In the global commodity plastic market, polyethylene holds a largest market share of 31% in 2016 with an estimated value of USD 110.8 billion in 2016 and is expected to reach USD 155.9 billion by 2022 at a CAGR of 5.85%. Moreover, in terms of volume, the global demand for polyethylene in 2016 was 69.9 MMT and in poised to reach 93.7 MMT by 2022 with a CAGR of 5.01%. Geographically, Asia-Pacific holds the largest market share in terms of both value and volume during the forecast period.

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Commodity Plastic Market is expected to grow at a CAGR of ~5.56%

Market Highlights:
Globally, The Commodity Plastic Industry is witnessing moderate growth in the sluggish market conditions. Market conditions in most of the developed economies including the U.S., Europe, Japan and others have reached the maturity stage of the market life cycle. In order to ward off threats such as falling sales, most of the companies are turning to regions that offer them sustained demand. Major challenges for Global Commodity Plastic manufacturers include economic uncertainty, rising prices of raw material, volatile U.S. dollar, slow economic growth, decline in automotive production, shortage of raw materials, and reduction in consumer expenditure. The reduction in global production among large industrial customers operating in major end-user industries.

Key Market Players:
The key players in Global Commodity Plastic Market report included are BASF SE, The Dow Chemicals Company, SABIC, Arkema SA, Mitsui Chemicals, LG Chemicals and Mitsubishi Chemicals Holdings Corporation.

Regional Analysis:
The APAC region is the largest consumer of Commodity Plastic in the world; accounted 47% of Commodity Plastic Market in 2015. Within the APAC region, the commodity plastic market is dominated by China which represents 45% of the total market volume in 2015. Demand for Commodity Plastic from India accounted for 23% of the total demand, while Japan represents 21% of the market in terms of volume. Because of its strong, growing middle class, the entire region is a significant market for end markets that use commodity plastic, including packaging, consumer goods and FMCG and textile. Japan, Australia, and South Korea are the most developed countries in the APAC region and have mature growth outlooks.

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China is the one of the largest economy in the world and is still growing at a rapid pace. China is making deliberate efforts to boost various industries including packaging, consumer good, retail, automotive, automotive and consumer products; growing industrial activity has resulted in increasing demand for commodity plastic. Currently, China is the single largest market for commodity plastic, accounting more than 45% of the total market in APAC.

Although new environmental regulations and the protection of forest resources by the Chinese government are affecting the Chinese commodity plastic market. Moreover, the recession had little impact on various end markets for commodity plastic in China, including packaging, automotive, FMCG and others which continue to drive demand for commodity plastic.

Market Segmentation:
The Global Commodity Plastic Market has been segmented into types, applications and region. Among types the market is segmented into Polyethylene, Polypropylene, Polypropylene, Polyethylene Terephthalate, Polystyrene and others, whereas the applications have been segmented into Packaging, Consumer Goods, Electronics, Automotive, Textile, Pharmaceuticals and others. Among all the types, polyethylene has accounted the largest market share in 2015, whereas packaging industry has become the leading application industry.

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Key Findings:

• Global commodity plastic market is projected to reach USD 493.1 billion by 2022 with 5.56% CAGR during review period of 2016-2022
• Asia-Pacific accounted for largest share due to growing application industries in this region
• Among types, polyethylene has acquired the market share of 31% in 2015 with the market value of USD 105.4 billion growing at a CAGR of 5.85% till forecast period.
• Among applications, packaging industry emerged as the leading application industry in global commodity plastic market.

Key Points from Table of Contents:

10 Key Market Players

10.1 BASF SE
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments

10.2 The Dow Chemicals Company
10.2.1 Company Overview
10.2.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
10.2.3 Financial Updates
10.2.4 Key Developments

10.3 SABIC
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments

10.4 Arkema SA
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financials Updates
10.4.4 Key Developments

10.5 Mitsui Chemicals
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments

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Commodity Plastic Market is expected to grow at a CAGR of ~5.56% during the forecasted period from 2016 to 2022

Market Synopsis of Global Commodity Plastic Market:
The need for commodity is gradually rising due to constraining factors such as Growing Asia-Pacific Market, Increasing Demand from FMCG and Plastic Packaging Industries, emerging economies and among others. Commodity plastics are the class of plastics which are majorly used in large volume and in broad range of applications, such packaging, electronics, consumer goods, photographic and magnetic tape, textile and a variety of household products. Such plastics show relatively low mechanical properties and are of low cost. Commodity Plastic end product products mainly includes Plates, trays, Cups, Trays & Medical Trays, Containers, Printed Material and other disposable items.

Global Commodity Plastic Market has very broad market in coming recent years. MRFR analysts has predicted that packaging and consumer goods are about to grow near USD 208 billion by the year 2022 which means more demand for these industries and in turn for commodity plastic. Another driver for commodity plastic market is growing Asia-Pacific market. The Commodity Plastic Market is majorly driven by its growing consumption in FMCG and consumer good, however, it has created a global platform for the manufacturers to expand and to increase the production capacity to meet current as well as forecast demand. Geographically, Asia-Pacific holds the healthy market share in terms of value and volume, which direct implies, the demand coming from China, India, Japan, Taiwan, Malaysia and other countries positively affecting the growing of commodity plastic market.

Market Highlights:
Although Commodity Plastics have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of Commodity Plastic Market. This has also resulted in the development of newer and improved application and performance properties; commodity plastic that are fast, easy, and low cost are in demand. Such newly developed commodity plastic include fast curing polyethylene and polyurethanes, PVC and PET and others.

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Commodity Plastics belongs to a superior class of plastic material which are broadly used in large volume in multiple applications which majorly include packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others. These plastics are used in application industries to enhance their mechanical properties and simultaneously helps in reducing the cost of production. However, from the manufacturers’ side, this has created a platform to increase the production capacity to meet the current demand.

Market Segmentation Analysis:
The Global Commodity Plastic Market has grown at a CAGR of 4.7% in terms of volume and 5.6% in terms of value, during the period 2016-2022. The factors driving the growth of the global market are advancements in the end user industries of commodity plastics, growing application industries, and increasing demand from Consumer goods and FMCG sectors.

The Global Commodity Plastic Market by type has been divided into polyethylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and other, however, polyethylene has acquired the largest market share of 31% of total market with an estimated value of USD 110.8 billion in 2016 and expected to touch USD 155.9 billion by the end of forecasted year with a CAGR of 5.58%, followed by polypropylene and polyvinyl chloride.

Polyethylene (PE) is undoubtedly one of the most popular plastic across the globe which is majorly used in the plastic industries to manufacture plastic bottles, plastic toys, and grocery bags and also in bullet proof jackets. Along with this, PE also holds a significant role in other application industries such as packaging, electronics, automotive and many others. In the global commodity plastic market, polyethylene holds a largest market share of 31% in 2016 with an estimated value of USD 110.8 billion in 2016 and is expected to reach USD 155.9 billion by 2022 at a CAGR of 5.85%. Moreover, in terms of volume, the global demand for polyethylene in 2016 was 69.9 MMT and in poised to reach 93.7 MMT by 2022 with a CAGR of 5.01%. Geographically, Asia-Pacific holds the largest market share in terms of both value and volume during the forecast period.

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