The Packaging Application Segment Accounted for the Largest Share of the Commodity Plastics Market

1. The Packaging Application Segment Accounted for the Largest Share of the Commodity Plastics Market The report "Commodity Plastics Market by Type (PE, PP, PVC, PS, PMMA), Application (Packaging, Consumer Goods, Construction, Automobile, Electronics, Textile, Medical & Pharmaceutical), and Region (APAC, NA, EU, MEA, and SA) - Global Forecast to 2022", The commodity plastics market is estimated to be USD 359.42 Billion in 2017 and is projected to reach USD 493.74 Billion by 2022, at a CAGR of 6.6% from 2017 to 2022. This growth can be attributed to the rising demand for commodity plastics for packaging and construction applications. Browse 70 market data Tables and 37 Figures spread through 131 Pages and in-depth TOC on "Commodity Plastics Market by Type (PE, PP, PVC, PS, PMMA), Application (Packaging, Consumer Goods, Construction, Automobile, Electronics, Textile, Medical & Pharmaceutical), and Region (APAC, NA, EU, MEA, and SA) - Global Forecast to 2022" Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=74592493 Packaging the largest application for commodity plastics The packaging application segment accounted for the largest share of the commodity plastics market in 2016. In this application, commodity plastics are used in manufacturing plastic products such as bottles, caps & closures, films & special films, transport crates, and containers & drums. These products are used in retail, institutional, and industrial packaging, including food & beverages, pharmaceutical, consumer goods, and industrial packaging applications. Changing lifestyle and increasing per capita income are the major drivers for the increasing demand for packaged food, which has further increased the demand for commodity plastics in the packaging application. Polyethylene (PE) the fastest-growing type of commodity plastics PE is the fastest-growing type segment of the commodity plastics market. It is the largest produced and consumed commodity plastic type across the world due to its easy availability and lower processing cost. It is highly transparent and colorless, although the thicker versions of PE are opaque or off white. It is widely used in packaging applications for plastics bags, plastic films, plastic containers, household & kitchenware, tubing, bottles, gas & water pipes, wire insulation, chemical containers, and bags manufacturing. Asia Pacific the largest market for commodity plastics Asia Pacific is a key market for commodity plastics. The increased demand for commodity plastics from emerging economies such as China and India is projected to drive the growth of the commodity plastics market in the Asia Pacific region. The increasing applicability of commodity plastics in packaging application is projected to drive the growth of the commodity plastics market in this region. Most active players in the commodity plastics market Dow Chemical (US), Exxon Mobil (US), BASF (Germany), Sinopec (China), SABIC (Saudi Arabia), LG Chem (South Korea), Sumitomo Chemical (Japan), LyondellBasell (Netherlands), Ineos (Switzerland), Formosa Plastics (Taiwan), and Mitsubishi Chemical (Japan) are the leading players in the commodity plastics market. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=74592493 Key Target Audience: • • • Manufacturers of Commodity Plastics Traders, Distributors, and Suppliers of Commodity Plastics Regional Manufacturers Associations and General Chemical Associations

2. • • Government & Regional Agencies and Research Organizations Investment Research Firms On the basis of Type: • • • • • • PE PP PS PVC PMMA Others On the basis ofApplication: • • • • • • • • Packaging Construction Consumer Goods Automotive Electronics Textile Medical & Pharmaceutical Others On the basis of Region: • • • • • North America Asia Pacific Europe South America Middle East & Africa About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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