Commodity Plastics Market Size, Share, Trends, Industry Analysis Report: By Product, End-Use Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The global commodity plastics market size is expected to reach USD 1,038.06 billion by 2034, according to a new study by Polaris Market Research. The report "Commodity Plastics Market Size, Share, Trends, Industry Analysis Report: By Product [Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), and Others], End-Use Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Commodity plastics are inexpensive plastics that have a wide range of applications across various end-use industries due to their bulk supply and excellent chemical properties. These plastics are employed in areas such as packaging, garbage containers, photography, clothing, and magnetic tapes, among others. They also play a key role in industries such as automotive, consumer goods, manufacturing, packaging, electronics, textiles, construction, and pharmaceuticals.

The commodity plastics market growth is primarily driven by the high use of commodity plastics in the packaging industry. As commodity plastics are durable, lightweight, and cost-effective, they are widely used in several types of packaging, including medical flexible packaging, and non-packaging. In addition, the rising adoption of commodity plastics by electric vehicle (EV) manufacturers to reduce vehicle weight and increase fuel efficiency drives market development.

The rising metal prices have compelled manufacturers to seek alternative materials like plastics, a trend expected to support the expansion of the market in the coming years. The shift towards the use of bio-degradable plastics due to rising environmental concerns is anticipated to provide several commodity plastics market opportunities during the forecast period.

Key Highlights of Commodity Plastics Market Report

Based on product, the polyethylene (PE) segment accounted for a significant revenue share of 35.9% in 2024, owing to the extensive applications of PE commodity plastics across diverse industries. These plastics have several desirable chemical and physical properties and are readily available at low costs.

By end-use industry, the packaging segment led the market with a revenue share of 41.8% in 2024, driven by the increased demand for flexible packaging, rising emphasis on sustainability, and growing use of bio-based polymers.

Asia Pacific dominated the market for commodity plastics and accounted for a revenue share of 50.9% in 2024. Investments by governments of emerging countries to strengthen their skilled workforce have prompted several plastic manufacturing and processing companies from the West to establish their facilities in Asia Pacific, impacting the regional market demand favorably.

The North America commodity plastics market accounted for a significant market share in 2024 due to the presence of robust manufacturing infrastructure, a strong emphasis on innovation, and high use of commodity plastics across various industries.

BASF SE, Mitsui Chemicals Inc., Eastman Chemical Corporation, INEOS, Mitsubishi Chemical Corporation, DIC Corp & RTP Company Huntsman Corporation, LyondellBasell, The Dow Chemical Co., Nippon Polyurethane Industry Corp Ltd., Woodbridge Foam Corp., Lubrizol Corporation, and The Rampf Holding GmbH & Co. KG.

Polaris Market Research has segmented the commodity plastics market research report on the basis of product, end-use industry, and region:

By Product Outlook (Revenue - USD Billion, 2020-2034)

Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Others

By End-Use Industry Outlook (Revenue - USD Billion, 2020-2034)

Automotive
Consumer Goods
Electronics
Packaging
Pharmaceuticals
Textiles

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of the Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM1168

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Commodity Plastics Market Insights

4.1. Commodity Plastics Market - Market Snapshot
4.2. Commodity Plastics Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing Packaging Industry
  - 4.2.1.2. Rising Adoption of Electric Vehicles
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Concerns Over Plastic Waste
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry Among Existing Firms (High)
4.4. PESTEL Analysis
4.5. Commodity Plastics Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Commodity Plastics Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
5.3. Polyethylene (PE)
- 5.3.1. Global Commodity Plastics Market, by Polyethylene (PE), by Region, 2020-2034 (USD Billion)
5.4. Polypropylene (PP)
- 5.4.1. Global Commodity Plastics Market, by Polypropylene (PP), by Region, 2020-2034 (USD Billion)
5.5. Polyvinyl Chloride (PVC)
- 5.5.1. Global Commodity Plastics Market, by Polyvinyl Chloride (PVC), by Region, 2020-2034 (USD Billion)
5.6. Polyethylene Terephthalate (PET)
- 5.6.1. Global Commodity Plastics Market, by Polyethylene Terephthalate (PET), by Region, 2020-2034 (USD Billion)
5.7. Polystyrene (PS)
- 5.7.1. Global Commodity Plastics Market, by Polystyrene (PS), by Region, 2020-2034 (USD Billion)
5.8. Others
- 5.8.1. Global Commodity Plastics Market, by Others, by Region, 2020-2034 (USD Billion)

6. Global Commodity Plastics Market, by End-Use Industry

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
6.3. Automotive
- 6.3.1. Global Commodity Plastics Market, by Automotive, by Region, 2020-2034 (USD Billion)
6.4. Consumer Goods
- 6.4.1. Global Commodity Plastics Market, by Consumer Goods, by Region, 2020-2034 (USD Billion)
6.5. Electronics
- 6.5.1. Global Commodity Plastics Market, by Electronics, by Region, 2020-2034 (USD Billion)
6.6. Packaging
- 6.6.1. Global Commodity Plastics Market, by Packaging, by Region, 2020-2034 (USD Billion)
6.7. Pharmaceuticals
- 6.7.1. Global Commodity Plastics Market, by Pharmaceuticals, by Region, 2020-2034 (USD Billion)
6.8. Textiles
- 6.8.1. Global Commodity Plastics Market, by Textiles, by Region, 2020-2034 (USD Billion)

7. Global Commodity Plastics Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Commodity Plastics Market Assessment, by Geography, 2020-2034 (USD Billion)
7.3. Commodity Plastics Market - North America
- 7.3.1. North America: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
- 7.3.2. North America: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.3.3. Commodity Plastics Market - US
  - 7.3.3.1. US: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.3.3.2. US: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.3.4. Commodity Plastics Market - Canada
  - 7.3.4.1. Canada: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
7.4. Commodity Plastics Market - Europe
- 7.4.1. Europe: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
- 7.4.2. Europe: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.3. Commodity Plastics Market - UK
  - 7.4.3.1. UK: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.4. Commodity Plastics Market - France
  - 7.4.4.1. France: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.5. Commodity Plastics Market - Germany
  - 7.4.5.1. Germany: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.6. Commodity Plastics Market - Italy
  - 7.4.6.1. Italy: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.7. Commodity Plastics Market - Spain
  - 7.4.7.1. Spain: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.8. Commodity Plastics Market - Netherlands
  - 7.4.8.1. Netherlands: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.9. Commodity Plastics Market - Russia
  - 7.4.9.1. Russia: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.4.10. Commodity Plastics Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
7.5. Commodity Plastics Market - Asia Pacific
- 7.5.1. Asia Pacific: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.3. Commodity Plastics Market - China
  - 7.5.3.1. China: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.4. Commodity Plastics Market - India
  - 7.5.4.1. India: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.5. Commodity Plastics Market - Malaysia
  - 7.5.5.1. Malaysia: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.6. Commodity Plastics Market - Japan
  - 7.5.6.1. Japan: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.7. Commodity Plastics Market - Indonesia
  - 7.5.7.1. Indonesia: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.8. Commodity Plastics Market - South Korea
  - 7.5.8.1. South Korea: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.9. Commodity Plastics Market - Australia
  - 7.5.9.1. Australia: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.5.10. Commodity Plastics Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
7.6. Commodity Plastics Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.6.3. Commodity Plastics Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.6.4. Commodity Plastics Market - UAE
  - 7.6.4.1. UAE: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.6.5. Commodity Plastics Market - Israel
  - 7.6.5.1. Israel: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.6.6. Commodity Plastics Market - South Africa
  - 7.6.6.1. South Africa: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.6.7. Commodity Plastics Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
7.7. Commodity Plastics Market - Latin America
- 7.7.1. Latin America: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.7.3. Commodity Plastics Market - Mexico
  - 7.7.3.1. Mexico: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.7.4. Commodity Plastics Market - Brazil
  - 7.7.4.1. Brazil: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.7.5. Commodity Plastics Market - Argentina
  - 7.7.5.1. Argentina: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.7.6. Commodity Plastics Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Commodity Plastics Market, by Product, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Commodity Plastics Market, by End-Use Industry, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. BASF SE
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. DIC Corp & RTP Company Huntsman Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Eastman Chemical Corporation
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. INEOS
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Lubrizol Corporation
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. LyondellBasell
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. The Dow Chemical Co.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Mitsubishi Chemical Corporation
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Mitsui Chemicals Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Nippon Polyurethane Industry Corp Ltd.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. The Rampf Holding GmbH & Co. KG
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Woodbridge Foam Corp.
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development