North America Plastic Market Size & Outlook, 2023-2030
North America plastic market, 2018-2030 (US$M)
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North America plastic market highlights
- The North America plastic market generated a revenue of USD 106,762.7 million in 2023.
- The market is expected to grow at a CAGR of 3.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 106,762.7 million |
| Market revenue in 2030 | USD 139,647.4 million |
| Growth rate | 3.9% (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 |
| 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, North America region accounted for 16.7% of the global plastic market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 405,132.0 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 North America 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.
North America is one of the largest consumers of plastics owing to high demand from its automotive, electrical & electronics, packaging, and construction sectors. Plastics find many applications in each industry due to their versatile benefits, easy molding, and ability to take the desired shape.
The U.S., which is a major market in North America, is characterized by technological advancements in plastic formulating methods and high awareness among consumers regarding health and environmental effects of plastics.
Regulatory policies framed by the EPA, FDA, and other agencies are likely to act as a restraint, however, the impact of this factor is expected to be mitigated by alternative production processes and sustainability through the life cycle of the product.
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Target buyers of North America 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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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 continent-level data and insights on the North America plastic market , including forecasts for subscribers. This continent databook contains high-level insights into North America plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America plastic market size, by country, 2018-2030 (US$M)
North America Plastic Market Outlook Share, 2023 & 2030 (US$M)
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