1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
  4. > Plastic

Plastic Market Research: Latest Industry Reports with Statistics & Trends

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
35 votes

Global Plastic Industry

Plastic products (included in the materials business industry) are used in a wide array of commercial activities from leisure and nutrition to communication and transport. Plastics are also particularly important due to their role in recycling as governments and consumers look for ways to lessen the burden on the environment. For example, recycled plastic household products, such as containers and bottles, can be used to make a range of products including fleece jackets, carpets and lumber.

Plastics are used in a variety of consumer products and industries. One of the most common uses is preserving food; polyvinylidene chloride, polyethylene polypropylene are used to wrap foods (meat, vegetables), drinks (milk, juice) and products such as butter, respectively. They are necessary to prevent food from becoming spoiled, to protect from illness and to preserve the nutrient content of food. The medical industry uses plastics in a range of equipment like tubing, intravenous bags, gloves, masks, syringes, lab ware and stethoscopes. Plastics are also used in home insulation, PVC pipes for plumbing, transportation, clothing (spandex, polyester and nylon), and electronics such as mobile phones.

Plastic Market Segments

Renewable resources, such as biomass, are used to make bioplastics.

Geosynthetics involve highly durable polymeric products such as geofoam, geocomposites, geomembranes, geogrids and geotextiles. They are commonly used in the lining and covers of landfills, airfields, dams, reservoirs and railroads. Many other industries also use geosynthetics including transportation, agriculture and geoenvironmental industries.

The plastics industry involves other market segments such as medical plastics, environmental (ex: plastic solar cells) and recycling. 

Plastics Regional Market Share

With over 18,000 facilities in operation, the US plastics industry represents close to $375 billion in yearly shipments, and employs over 1 million people, says the Plastics Industry Trade Association. The plastics industry ranks third in US industries according to revenue, and shipments have grown close to 3.5% annually over the past 30 years, while manufacturing has expanded 2.5% annually for more than 25 years. The US plastics market has seen the worth of industrial shipments rise by more than 15% over the past decade. In the same period, the cost of materials has increased more than $45 billion, up 25%. New capital spending fell $2 billion in the same period, with payroll down more than $4 billion. Top markets for plastics exports from the US are Canada, Mexico, China, Belgium and Japan; Canada and Mexico represent close to half of overall exports. The US imports plastics from Canada, China, Germany, Mexico and Japan, with Canada and China accounting for around 55% of all imports.

The UK plastics industry represents more then 2% of the country’s gross domestic product, with sales reaching almost $28 billion, according to the British Plastics Federation. The industry employs 220,000 people, producing 2.5 million tons with exports worth $7.3 billion.

There are close to 3,200 plastics facilities in operation throughout Canada, where the plastics market is worth close to $26.5 billion, according to the Canadian Plastics Industry Association.

Plastic Industry Trends

Plastics are important for their environmental and economic benefits, such as conserving resources and saving energy: 4% of overall energy output in the US is consumed in the creation of plastic products. It also takes 30% less energy to make polystyrene containers than paperboard containers. Plastics have a positive knock-on effect on the environment in so much as their light weight means they cost less to transport than heavier alternatives, requiring less gas. Plastic car parts also reduce gas consumption. With governments putting more legislative measure in place to protect the environment, the demand for plastics is likely to continue growing, especially due to the material’s recyclability.

 

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 438 238 1826

1-10 of about 2700 reports

Global Plastic Industry - Forecast

  • September 2017
    5 pages
  • Plastic  

  • World  

View report >

Plastic Markets in the US

  • October 2017
    13 pages
  • Plastic  

    Crude Oil  

  • United States  

View report >

Plastic Industry in Europe

  • November 2017
    5 pages
  • Plastic  

  • Europe  

    World  

View report >

Plastic Industry in China and Asia

  • January 2017
    52 pages
  • Asia  

    China  

View report >

Plastic Industry in Japan

  • January 2017
    16 pages
  • Recycling  

    Plastic  

  • Japan  

View report >

The future of the Plastic Industry in France

  • January 2015
    9 pages
  • Plastic  

    Polypropylene  

  • France  

View report >

Plastic Industry in Germany - Forecast

  • October 2017
    16 pages
  • Plastic  

  • Germany  

View report >

Plastic Industry in Pakistan and Italy

  • January 2017
    32 pages
  • Plastic  

    Packaging  

  • Pakistan  

    Italy  

View report >

Plastic Supply in the UK and the US

  • September 2017
    5 pages
  • Plastic  

    Hydraulic Fract...  

    Shale Gas  

  • United Kingdom  

    United States  

View report >

Plastic Markets in Canada

  • March 2017
    23 pages
  • Plastic  

    Thermoplastic  

    Polyethylene  

  • Canada  

    United States  

    North America  

View report >

Search in Plastic Industry (About 2700 reports)
Parent industry: Specialty Chemical
Related industries: Cleaning Compound, Industrial Gases, Paint and Coating, Fuel Additive, Printing Inks

About 3300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 149 - $ 21769)

Rear Spoiler Market: Global Forecast until 2022

  • $ 5650
  • Industry report
  • September 2017
  • by MarketsandMarkets

“Increasing stringency of vehicle emission norms in developed regions, improving socioeconomic conditions in developing regions, and growing demand for electric and hybrid vehicles across the globe to ...

Fiberglass Pipes Market: Global Forecast until 2021

April 2017 $ 5650

Prepreg Market: Global Forecast until 2021

August 2016 $ 5650

Fiber Reinforced Polymer Panels & Sheets Market: Globa ...

July 2016 $ 5650

Functional Composites Market: Global Forecast until 202 ...

June 2016 $ 5650

High Heat Foam Market: Global Forecasts until 2021

May 2016 $ 5650

High Performance Composites Market: Global Forecast unt ...

July 2017 $ 5650

PET Preforms Market: Global Forecast until 2022

July 2017 $ 5650

Non-phthalate Plasticizer Market: Global Forecasts unti ...

June 2017 $ 5650

Hexamethylenediamine Market: Global Forecast until 2022

June 2017 $ 5650

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.