Commodity Plastics Market Size, Share, Growth Analysis, By Product Type(Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS)), By Application(Packaging, Automotive, Electric or Electronic, Others), By Plastic Type(Reusable, Recyclable, Non-reusable or non-Recyclable), By Region - Industry Forecast 2024-2031

The market is distinguished by the presence of numerous small and medium-sized businesses catering to global and local demands. Companies in this market are focusing on expanding their global footprints in order to drive revenue and increase industry share. To meet the growing needs of emerging economies, companies are expanding their services in the Middle East, Asia Pacific, and Europe regions. Countries such as India, the United States, and China, where demand for PE, PP, and PET films is increasing due to increased demand for medical equipment such as masks, sanitizer bottles, and face shields, are expected to provide new expansion opportunities for market players in the coming years.

Top Players in Global Commodity Plastics Market are

• Exxon Mobil Corporation
• Dow Inc.
• LyondellBasell Industries N.V.
• SABIC
• Chevron Phillips Chemical Company LLC
• INEOS Group Holdings S.A.
• Formosa Plastics Corporation
• China Petroleum & Chemical Corporation (Sinopec Corp.)
• BASF SE
• Total SE
• Braskem S.A.
• Mitsui Chemicals Inc.
• Reliance Industries Limited
• LG Chem Ltd.
• Lotte Chemical Corporation
• Nova Chemicals Corporation
• Eastman Chemical Company
• Sumitomo Chemical Co., Ltd.
• Arkema S.A.
• Saudi Basic Industries Corporation (SABIC)

Commodity Plastics Market Recent Development

• In August 2021, Krehalon launched a range of recyclable, high barrier flexible films, KreCycle. This range includes polyester (PET), Polypropylene (PP), and polyethylene (PE)- based products that are used in the packaging of red meat, poultry, processed meat, seafood, and hard cheese.
• In September 2022, Rebound, a subsidiary of International Holding Company, celebrated the launch of Rebound Plastic Exchange (RPX), a global B2B digital trading platform for recycled plastics, a turning point for the industry as the world’s plastics market is forecast to reach $ 45.6 billion by 2025.