Argentina Plastic Market Size & Outlook, 2023-2030
Argentina plastic market, 2018-2030 (US$M)
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Argentina plastic market highlights
- The Argentina plastic market generated a revenue of USD 3,669.9 million in 2023 and is expected to reach USD 4,915.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2023.
- Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.
Plastic market data book summary
| Market revenue in 2023 | USD 3,669.9 million |
| Market revenue in 2030 | USD 4,915.5 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil plastic market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 18,022.0 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 Argentina 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.
The country is characterized by the presence of an excellent industrial base coupled with abundant availability of shale resources, which can be optimized for enhancing the current energy industry, thereby leading to revitalizing the country’s petrochemical industry.
Argentina accounts for approximately 12.22% of the overall plastics demand in terms of revenue across Central & South America, followed by Chile and Colombia. The growth of packaging industry is one of the factors contributing to driving plastics market in the country.
Polypropylene, polyurethane, and polyethylene were among the most consumed plastic products in Argentina in 2023. PET is expected to witness steady growth over the forecast period owing to a tremendous demand for the same from packaging industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina plastic market , including forecasts for subscribers. This country databook contains high-level insights into Argentina plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina plastic market size, by end use, 2018-2030 (US$M)
Argentina Plastic Market Outlook Share, 2023 & 2030 (US$M)
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