Global Plastic Market Size & Outlook, 2023-2030
Global plastic market, 2018-2030 (US$M)
Related Markets
Global plastic market highlights
- The global plastic market generated a revenue of USD 638,391.5 million in 2023 and is expected to reach USD 857,785.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
- In terms of segment, packaging accounted for a revenue of USD 225,642.3 million in 2023.
- Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 638,391.5 million |
| Market revenue in 2030 | USD 857,785.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Medical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
Other key industry trends
- In terms of revenue, the North America accounted for 16.7% of the global plastic market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Netherlands is the fastest growing regional market and is projected to reach USD 11,604.5 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.35% in 2023. Horizon Databook has segmented the Global plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Plastic End Use Outlook (Revenue, USD Million, 2018-2030)
- Packaging
- Construction
- Electricals & Electronics
- Automotive
- Medical Devices
- Agriculture
- Furniture & Bedding
- Consumer Goods
- Utility
- Others
- Global Plastic Application Outlook (Revenue, USD Million, 2018-2030)
- Injection Molding
- Blow Molding
- Roto Molding
- Compression Molding
- Casting
- Themroforming
- Extrusion
- Calendering
- Others
- Global Plastic Product Outlook (Revenue, USD Million, 2018-2030)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Acrylonitrile butadiene styrene (ABS)
- Polybutylene terephthalate (PBT)
- Polyphenylene Oxide (PPO)
- Epoxy Polymers
- Liquid Crystal Polymers
- Polyether ether ketone (PEEK)
- Polycarbonate (PC)
- Polyamide (PA)
- Polysulfone (PSU)
- Polyphenylsulfone (PPSU)
- Others
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Target buyers of Global plastic market databook
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Our clientele includes a mix of plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global plastic market , including forecasts for subscribers. This global databook contains high-level insights into Global plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global plastic market size, by regions, 2018-2030 (US$M)
Top 10 countries: Plastic market size, 2023 (US$M)
Global plastic market share, by end use, 2023 & 2030 (%, US$M)
Plastic market: Opportunity assessment by country
Global plastic market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 93,062.0 | 96,312.8 | 98,213.7 | 101,125.3 | 103,796.8 | 106,762.7 | 110,184.6 | 113,952.0 | 118,118.0 | 122,859.1 | 127,937.3 | 133,578.1 | 139,647.4 | 3.9% |
| Europe | 134,673.6 | 138,870.0 | 141,094.5 | 144,747.9 | 148,001.2 | 151,646.2 | 155,906.4 | 160,617.8 | 165,850.7 | 171,845.6 | 178,261.9 | 185,407.4 | 193,087.6 | 3.5% |
| Asia Pacific | 241,108.6 | 251,834.2 | 259,198.4 | 269,382.7 | 279,130.9 | 289,840.1 | 301,979.0 | 315,277.6 | 329,916.6 | 346,428.5 | 364,184.8 | 383,866.0 | 405,132.0 | 4.9% |
| Latin America | 25,889.7 | 26,841.7 | 27,420.1 | 28,283.3 | 29,091.4 | 29,985.5 | 31,011.5 | 32,139.0 | 33,383.9 | 34,796.8 | 36,311.1 | 37,991.6 | 39,801.1 | 4.1% |
| MEA | 51,354.9 | 53,409.8 | 54,690.4 | 56,516.0 | 58,256.8 | 60,157.0 | 62,308.8 | 64,649.0 | 67,208.0 | 70,086.2 | 73,146.4 | 76,516.4 | 80,117.1 | 4.2% |
| Overall | 546,088.8 | 567,268.5 | 580,617.1 | 600,055.2 | 618,277.1 | 638,391.5 | 661,390.3 | 686,635.4 | 714,477.2 | 746,016.2 | 779,841.5 | 817,359.5 | 857,785.2 | 4.3% |
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