Commodity Plastic Market to Exceed Industry Evolution in coming Years with Trends, Innovations & Opportunities by 2022

Market Research Future has segmented the global commodity plastic market by application into packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others. Among all the applications, packaging and consumer goods have covered the largest market share in terms of value and volume in 2015 and is expected to lead the market till forecast period.

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Commodity plastic polymers such as PE, PP, PS, PVC, PET and other have a huge demand from the packaging industry, especially from plastic packaging. Packaging industry holds the largest market share 22% in 2015 and is expected to grow at a healthy CAGR of more than 6% during the forecasted period. The major factors that has driving the packaging industry are increasing demand for plastic packaging, growing consumption, and company expansions. Geographically, Asia-Pacific is the largest market for commodity plastic market for packaging application which has acquired 43.6% of the total market followed by North America and Europe.

Moreover, the factor that has driven the consumer goods application market are rising demand of plastic bottles, growing demand from APAC market, rising FMCG sectors and others. Geographically, Asia-Pacific holds the largest market share in 2015 followed by North America and Europe respectively. China is a major consumer as well as producer of commodity plastic in the world which has pushed the growth rate of commodity plastic market on a global as well as regional level. North America is the second largest market owing to the presence of chemical giants which are focusing of increasing capacity expansion. Also North America is a major importer of commodity plastic followed by Europe.

Market Research future through this report aims to provide understanding of the global commodity plastic market by application, and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of global commodity plastic market.

List of Tables
Table 1 Global Commodity Plastic Market, By Application (2014-2022) (Usd Billion)
Table 2 Global Commodity Plastic Market, By Application (2014-2022) (Mmt)
Table 3 Global Packaging Market For Commodity Plastic, By Regions (2014-2022)
(Usd Billion)
Table 4 Global Packaging Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 5 Global Consumer Goods Market For Commodity Plastic, By Regions (2014-2022) (Usd Billion)
Table 6 Global Consumer Goods Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 7 Global Electronics Market For Commodity Plastic, By Regions (2014-2022)
(Usd Billion)
Table 8 Global Electronics Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 9 Global Automotive Market For Commodity Plastic, By Regions (2014-2022)
(Usd Billion)
Table 10 Global Automotive Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 11 Global Textile Market For Commodity Plastic, By Regions (2014-2022) (Usd Billion)
Table 12 Global Textile Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 13 Global Pharmaceuticals Market For Commodity Plastic, By Regions (2014-2022) (Usd Billion)
Table 14 Global Pharmaceuticals Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 15 Global Pharmaceuticals Market For Commodity Plastic, By Regions (2014-2022) (Mmt)
Table 16 Global Other Applications Market For Commodity Plastic, By Regions (2014-2022) (Mmt)

List of Figures
Figure 1 Global Commodity Plastic Revenue Market Share (%), By Application (2015)
Figure 2 Global Commodity Plastic Volume Market Share, By Application (2015)
Figure 3 Global Packaging Market For Commodity Plastic, By Region, 2015 (%)
Figure 4 Global Consumer Goods Market For Commodity Plastic, By Region, 2015 (%)
Figure 5 Global Electronics Market For Commodity Plastic, By Region, 2015 (%)
Figure 6 Global Automotive Market For Commodity Plastic, By Region, 2015 (%)
Figure 7 Global Textile Market For Commodity Plastic, By Region, 2015 (%)
Figure 8 Global Pharmaceuticals Market For Commodity Plastic, By Region, 2015 (%)
Figure 9 Global Other Applications Market For Commodity Plastic, By Region, 2015 (%)

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Browse similar research report of “North America Commodity Plastic Market - Forecast to 2022”

North America has, conventionally, always been a strong market for commodity plastic. Globally, the North American market has been a leader with respect to demand as well as product innovation in terms of quality and application development. Key countries in the North American market are the U.S. (the most dominant market, accounting for a significant market share) and Canada. BASF (US), Dow Chemicals Inc. (U.S.), SABIC (US), and DuPont (US) are the most dominant commodity plastic manufacturers in North America.

After the financial crisis of 2011, almost each segment of the commodity plastic market had retreated owing to decline in its key end-user industries including packaging, consumer goods and automotive markets. North America was an outlet for 22.0% of the global commodity plastic market in terms of volume in 2015. The North American market is highly regulated with the EPA (Environment Protection Agency) playing a key role in the monitoring and commercialization of commodity plastic products.

United States is the leading country with respect to commodity plastic market in North America having a market share of more than 70% in 2015, followed by Canada. US economy is recognized as a matured economy, however the commodity plastic market growth is growing on a moderate level but when it comes to the market demand and production, major manufacturers have decided to increase the production capacity and are coming up with several projects in future. However, this will create a huge scope for commodity plastic market growth.

Market Research future through this report aims to provide understanding of the North America Commodity Plastic Market on the basis of country, and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of North America Commodity Plastic Market.

Browse Full Report @ https://www.marketresearchfuture.com/statistical-reports/north-america-commodity-plastic-market-2901 .

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