Brazil Plastic Market Size & Outlook, 2023-2030
Brazil plastic market, 2018-2030 (US$M)
Related Markets
Brazil plastic market highlights
- The Brazil plastic market generated a revenue of USD 13,220.4 million in 2023 and is expected to reach USD 18,022.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.5% 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 13,220.4 million |
| Market revenue in 2030 | USD 18,022.0 million |
| Growth rate | 4.5% (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, Brazil accounted for 2.1% 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 |
|---|
Brazil 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 Brazil 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.
Brazil is the regional leader in Central & South America in terms of automotive production and emerged as the ninth-largest automotive producer in the world as of 2022 according to statistics published by OICA. Although a majority of the cars in the country are manufactured for use locally, a significant number are also exported.
Thus, a large number of foreign and a few Brazilian brands manufacture vehicles in the country. Owing to the aforementioned trends, the demand for plastics in Brazil is anticipated to ascend in automotive end use over the forecast period.
In 2023, PU emerged as the third-largest product segment in Brazil owing to its high demand from furniture & bedding as well as construction industries. Rapid infrastructure growth, advanced sewage system, and burgeoning mining and oil & gas industries are the factors that have paved the way for polyurethane manufacturing in the country over the past few years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil plastic market , including forecasts for subscribers. This country databook contains high-level insights into Brazil plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil plastic market size, by end use, 2018-2030 (US$M)
Brazil Plastic Market Outlook Share, 2023 & 2030 (US$M)
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