Australia Plastic Market Size & Outlook, 2023-2030
Australia plastic market, 2018-2030 (US$M)
Related Markets
Australia plastic market highlights
- The Australia plastic market generated a revenue of USD 7,431.6 million in 2023 and is expected to reach USD 11,262.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.1% 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 7,431.6 million |
| Market revenue in 2030 | USD 11,262.7 million |
| Growth rate | 6.1% (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, Australia accounted for 1.2% 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 Asia Pacific, Japan plastic market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,262.7 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 Australia 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.
Australia is a growing economy integrated highly by the aerospace and automotive industries. Aerospace has over 830 companies operating in Australia that demand polycarbonate in the form of sheets for interior designing applications, along with around 18 automotive production complexes, which are expected to fuel the plastics market in the region.
Australia was one of the most resilient economies in 2023, with positive growth in agriculture & services, along with rapid industrialization and a subsequent rise in demand for infrastructure. The implementation of the National Infrastructure Plan and the increase in demand for green buildings with sustainable materials is further likely to affect the overall plastics demand in construction applications.
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Our clientele includes a mix of plastic market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia plastic market , including forecasts for subscribers. This country databook contains high-level insights into Australia plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia plastic market size, by end use, 2018-2030 (US$M)
Australia Plastic Market Outlook Share, 2023 & 2030 (US$M)
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