The commodity plastics market is evaluated at US$550.637 billion for 2025 and is projected to increase at a CAGR of 5.44% over the forecast period to reach a market size of US$717.787 billion by 2030.
Commodity plastics refer to plastics that are used in several different industries. Some examples include Polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), Polystyrene (PS), and poly (methyl methacrylate) (PMMA). PE is the main driver of growth in the commodity plastics market. This is mainly due to the expected increase in the use of PE and PVC in the consumer goods and packaging industry. PE and PVC are readily available, have low processing costs, and can be molded into different shapes while being colorless.
Additionally, standard plastics in recent years have been relieving the industries of the metal required for important components having higher tensile strength, lower cost, greater accessibility, and ease of processing.
Application-wise, commodity plastics are used in several end-use industries for the production of consumer goods, automotive, electronics, textiles, pharmaceuticals, and packaging, among others, with the packaging being the key growth driver as not only is packaging necessary for preserving and transporting essential goods, but also because of its wide use in retail and other institutions. Hence, the packaging industry is expected to remain the largest usage sector for commodity plastics, particularly PE, in the forecast period. Furthermore, the Biden-Harris Administration, which is in power, constituted the plan to allocate up to US$1.6 billion to enhance the domestic capability of advanced packaging.
Packaging is an important element that cannot be underestimated, especially for conserving many of the finished products. In food and beverage packaging, commodity plastics retain the contents of a product in one place and minimize or slow down any changes in color, taste, smell, and texture. The European Parliament and the Council of the European Union finalized the discussions on the EU Packaging and Packaging Regulation in March 2024. Even though the current regulation has gone through a legal check, it is mostly complete and should be accepted in the next few months.
The APAC region mainly dominates the global commodity plastics market. This market is expected to grow due to an increase in population and demand for packaging materials, especially in the pharmaceutical sector.
The Indian packaging market is projected to grow at a compound annual growth rate (CAGR) of 26.7% from 2020 to 2025, reaching $204.81 billion.
The flattened cans, printed sheets and components, lug caps, crown cork, plastic film laminates, craft paper, paper board, and packaging machinery are some of the products that have made the Indian packaging sector known. Nonetheless, tinplate, coating and lining compounds, and other products are among the imports.
In addition, over the past 30 years, China's pharmaceutical manufacturing industry has grown rapidly, but the country's medical regulatory system could not keep up with this fast expansion. Having acknowledged this, China is now strongly emphasizing bolstering that framework in terms of rule-making and staff additions.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
|
Commodity Plastics Market Size in 2025 |
US$550.637 billion |
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Commodity Plastics Market Size in 2030 |
US$717.787 billion |
| Growth Rate | CAGR of 5.44% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2025 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
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List of Major Companies in the Commodity Plastics Market |
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| Customization Scope | Free report customization with purchase |