Plastic Market by End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71180

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The plastic market share should rise by USD 19.68 billion from 2021 to 2025 at a CAGR of 5.73%.

This plastic market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (packaging, consumer goods, automotive, electrical and electronics, and others) and geography (APAC, North America, Europe, MEA, and South America). The plastic market report also offers information on several market vendors, including Arkema SA, BASF SE, Celanese Corp., Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Formosa Plastics Corp., and Sumitomo Chemical Co. Ltd. among others.

What will the Plastic Market Size be in 2021?

To Unlock the Plastic Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Plastic Market: Key Drivers and Trends

The increasing demand for packaging material is notably driving the plastic market growth, although factors such as stringent regulations over usage of plastics may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the plastic industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This plastic market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Plastic Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • Arkema SA
  • Celanese Corp.
  • Chevron Phillips Chemical Co. LLC
  • Dow Inc.
  • Eastman Chemical Co.
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • Formosa Plastics Corp.
  • Sumitomo Chemical Co. Ltd.


The vendor landscape of the plastic market entails successful business strategies deployed by the vendors. The plastic market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the plastic market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Plastic Market?

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47% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for plastic in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing capacity expansions will facilitate the plastic market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating End-user Segments in the Plastic Market?

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The plastic market share growth by the packaging segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the plastic market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Plastic Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 5.73%

Market growth 2021-2025

$ 19.68 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 47%

Key consumer countries

China, India, Germany, US, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Arkema SA, BASF SE, Celanese Corp., Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Formosa Plastics Corp., and Sumitomo Chemical Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Plastic Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive plastic market growth during the next five years
  • Precise estimation of the plastic market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plastic market across APAC, North America, Europe, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of plastic market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The plastic market growth will increase by $19683.57 million during 2020-2025.
The plastic market is expected to grow at a CAGR of 5.73% during 2020-2025.
Technavio has segmented the plastic market by end user (Packaging, Consumer goods, Automotive, Electrical and electronics, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
Arkema SA, BASF SE, Celanese Corp., Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Formosa Plastics Corp., Sumitomo Chemical Co. Ltd. are a few of the key vendors in the plastic market.
APAC will register the highest growth rate of 46.95% among the other regions. Therefore, the plastic market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • India
  • Germany
  • US
  • Canada
The key factors driving the plastic market growth are:
  • Increasing demand for packaging material
The plastic market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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