Global plastics market, estimated at $540 billion in 2024, is projected to grow to $943 billion with a CAGR of 5.1% during the forecast period (2025–2035). Rising demand for plastics in various applications, including construction, automotive, and electrical and electronics industries, is fueling the market growth. With the rising demand for sustainable and high-performance materials, manufacturers are increasingly adopting sustainable plastic to meet stringent regulatory standards.
Browse the full report description of “Plastic Market Size, Share & Trends Analysis Report by Product (Thermoplastics (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, and Others (Polyamide, ABS, PBT) and Thermoset Plastics (Polyurethane, Epoxy Resins, Phenolic Resins, Acrylic Resins, Other), and By Application (Packaging, Construction, Electricals & Electronics, Automotive, Medical Device, and Others) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/plastic-industry-market
Plastics in the packaging industry play a pivotal role in ensuring barrier properties, tensile strength, and stability-
Several major players lead the Plastic industry, including BASF, Dow Inc., Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., and SABIC (Saudi Basic Industries Corporation). These companies are at the forefront of innovation, continually developing eco-friendly innovations, such as bio-based plastics and high-barrier coatings. Companies are actively launching recyclable products due to the push for plastic recycling. For instance, Dow offers the resin AGILITY CE, which incorporates 70% post-consumer recycled plastic. This innovative solution marks a major milestone in Dow's plastics circularity portfolio, as it is the first PCR-based product to integrate such a high percentage of recycled material. By transforming waste plastic into high-quality resin, Dow aims to support the transition toward a more sustainable and circular economy in the plastics industry.
Market Coverage
• The market numbers available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o By Product
o By Applications
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - BASF, Dow Inc., Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., SABIC (Saudi Basic Industries Corporation), and others.
Key questions addressed by the report.
Global Plastic Market Report Segment
By Products
Thermoplastics
Thermoset Plastics
By Applications
Global Plastic Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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