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

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?

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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
• 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.

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.

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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

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