UK Plastic Market Size & Outlook, 2023-2030
UK plastic market, 2018-2030 (US$M)
Related Markets
UK plastic market highlights
- The UK plastic market generated a revenue of USD 13,564.5 million in 2023 and is expected to reach USD 17,957.0 million by 2030.
- The UK market is expected to grow at a CAGR of 4.1% 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 13,564.5 million |
| Market revenue in 2030 | USD 17,957.0 million |
| Growth rate | 4.1% (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, UK 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 Europe, Germany plastic market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 24,136.0 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 UK 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 market share of construction segment is predominantly occupied by huge multinationals that have established their businesses in the country. With the rising population, the country has shown tremendous growth in the consumption of plastics in construction application over the past few years.
Liquid crystal polymer was the dominant product segment in the UK plastics market owing to their applications in automotive interior & exterior, construction roofing & flooring, and packaging substitutes, among others.
The growth of end-use industries in the UK owing to factors such as economic development and rising disposable incomes are anticipated to increase the demand for liquid crystal polymers in the UK over the forecast period.
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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 country-level data and insights on the UK plastic market , including forecasts for subscribers. This country databook contains high-level insights into UK plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK plastic market size, by end use, 2018-2030 (US$M)
UK Plastic Market Outlook Share, 2023 & 2030 (US$M)
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