Japan Plastic Market Size & Outlook, 2023-2030
Japan plastic market, 2018-2030 (US$M)
Related Markets
Japan plastic market highlights
- The Japan plastic market generated a revenue of USD 40,596.9 million in 2023 and is expected to reach USD 56,839.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.9% 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 40,596.9 million |
| Market revenue in 2030 | USD 56,839.9 million |
| Growth rate | 4.9% (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, Japan accounted for 6.4% 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 |
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Japan 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 Japan 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.
Japan is the third-largest economy globally by nominal GDP and the fourth-largest in terms of purchasing power parity. The country accounts for a huge demand for plastics due to the presence of an established production, trade, and industrial environment.
However, a weak currency makes the exports competitive, which, in turn, helps boost the growth of automotive and robotics industries. Japan is a major producer and exporter of electronics, semiconductors, optical instruments, and hybrid vehicles.
Packaging, consumer goods, and construction industries, followed by automotive, were the major consumers of plastics in the country in 2022, which is expected to foster the growth of plastics market over the forecast period owing to high consumption.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Japan plastic market , including forecasts for subscribers. This country databook contains high-level insights into Japan plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan plastic market size, by end use, 2018-2030 (US$M)
Japan Plastic Market Outlook Share, 2023 & 2030 (US$M)
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