North America Commodity Plastic Market – Industry Trends and Forecast to 2030

Análise e tamanho do mercado de plástico de commodities da América do Norte

Espera-se que a crescente penetração nas indústrias de embalagens, médicas e farmacêuticas e de bens de consumo duráveis ​​sejam os principais impulsionadores do mercado global de plásticos commodities. Os plásticos básicos são frequentemente utilizados em artigos produzidos em massa e em produtos de utilização única, como filmes para embalagens ou garrafas de bebidas. No entanto, os materiais também podem ser aplicados em vários outros campos, incluindo a eletrónica, a construção civil e a indústria automóvel. Prevê-se que o polimetilmetacrilato experimente a taxa de crescimento mais rápida durante o período de previsão devido à sua crescente gama de aplicações nos setores da construção, construção, automóvel e transportes. O polimetilmetacrilato é amplamente utilizado nas indústrias mencionadas pela sua tenacidade, maior resistência ao impacto e estabilidade ambiental superior em comparação com outros materiais.

A Data Bridge Market Research analisa que o mercado de plástico commodity, avaliado em 1,15.650 milhões de dólares em 2022, atingirá 1.47.643,71 milhões de dólares até 2030, crescendo a um CAGR de 3,10% durante o período de previsão de 2023 a 2030. Além de os insights sobre cenários de mercado, como valor de mercado, taxa de crescimento, segmentação, cobertura geográfica e grandes players, os relatórios de mercado com curadoria da Data Bridge Market Research também incluem análises especializadas aprofundadas, produção e capacidade representadas geograficamente pela empresa, layouts de rede de distribuidores e parceiros, análise detalhada e atualizada das tendências de preços e análise de défice da cadeia de abastecimento e da procura.

Âmbito e segmentação do mercado de plástico de commodities da América do Norte  

Definição de mercado

Os plásticos utilizados frequentemente em aplicações domésticas diárias são designados por plásticos commodities. Estes plásticos são utilizados em muitos produtos, como artigos descartáveis, roupas, filmes para embalagens e contentores do lixo. Como os plásticos básicos não são utilizados em ambientes que exijam serviços críticos, é desnecessária uma elevada resistência mecânica. Como resultado, em comparação com os plásticos de engenharia, estes plásticos são mais baratos e têm piores propriedades mecânicas.

Dinâmica do mercado de commodities de plástico da América do Norte

Motoristas

• As embalagens de bebidas impulsionam o mercado

Os plásticos comuns são menos pesados, mais estáveis ​​estruturalmente e resistentes à abrasão. São ideais para aplicações em embalagens porque podem ser facilmente reciclados e moldados em vários formatos. Nos próximos anos, prevê-se que o aumento da procura de garrafas, grades, tabuleiros, etc., para embalagens de alimentos e bebidas impulsione esta procura. São simples de reciclar e podem ser moldados em vários formatos, o que os torna perfeitos para aplicações em embalagens. A crescente procura por embalagens de alimentos e bebidas inclui garrafas, tabuleiros, grades e outros, o que impulsiona o aumento do mercado.

• Aumento do uso de plásticos nas embalagens

Os plásticos são ideais para aplicações em embalagens porque podem ser facilmente reciclados, formados ou moldados em vários formatos ou objetos sólidos, como garrafas ou recipientes para alimentos. Estes plásticos podem ser utilizados em diversos produtos porque podem ser combinados com características como baixa densidade, transparência, baixa condutividade elétrica e tenacidade. Um aumento da utilização de plásticos nas embalagens e noutras indústrias de utilização final está a alimentar este crescimento. No entanto, prevê-se que o mercado se expanda nos próximos anos devido à crescente procura de plásticos especializados no sector da saúde para o fabrico de máscaras médicas, batas e outros kits de segurança.

• Um aumento da industrialização e do rendimento disponível do consumidor impulsiona o mercado

An increase in industrialization, and expansion of the automotive and construction industries have contributed to the growth of this market. The untapped markets in developing countries will likely be financially advantageous for market participants. Market expansion has been sparked by rising disposable income and strong consumer demand. The market for commodity plastics is expected to grow due to factors such as rising consumer disposable income, increased production of lightweight electric vehicles and materials in the automotive sector, rising metal prices, and others.

Opportunities

• Expanding green packaging market creates lucrative growth

Green packaging, also known as sustainable packaging, uses materials and manufacturing processes to package products that use the least energy and the least amount of the environment's resources. Biodegradable and recyclable materials frequently replace plastic and Styrofoam in environmentally friendly packaging. In 2022, SCGC developed the first ISCC Plus-certified food packaging in partnership with Visy Packaging. Food packaging made from circular PP, a type of plastic with qualities similar to virgin plastic resins, is eco-friendly. SCGC has collaborated with partners and brand owners to develop environmentally friendly packaging that keeps up with the rapidly growing green packaging market. SCGC has expertise in material science and environmentally friendly plastic innovation.

• Product innovation creates growth opportunities

The market for commodity plastics is experiencing a significant trend that is gaining popularity: product innovation. The major players are concentrating on technological advancements to stay competitive in the commodity plastics market. Various easily recyclable high barrier flexible films were also introduced for applications involving fresh foods. Fresh proteins like red meat, poultry, processed meat, fish, and hard cheese are best served in this packaging. Among the products offered are flexible thermoforming films, flow rap films with a high barrier option, lidding films, and vacuum pouches. For the consumer's convenience, more lock and peel seal options are available; thus, innovation in the products to make it more convenient creates a market surge.

Restraints/Challenges

• Growing environmental concerns impede market expansion

Primary microplastics, produced in millimetric or submillimetric sizes, are present in various common household products, such as toothpaste, exfoliating lotions, and facial cleansers. Plastic waste disposal releases harmful chemicals into the atmosphere, lowering soil quality. These dangerous substances pose significant health risks if they enter groundwater. Additionally, dumping plastic waste into the ocean could harm marine life. It may entangle and ingest fish, birds, and other aquatic animals, killing them. As a result, the public's growing awareness of plastics' detrimental effects on the environment and strict regulations outlawing their excessive use are two critical factors limiting the growth of the market's revenue.

• Growing government regulations impede market expansion

Manufacturers are having trouble managing their production facilities due to logistical issues, further hurting consumer demand. The government regulations that forbid the use of plastics for packaging are expected to limit market growth. During the forecast period, market growth is anticipated to be constrained by stringent environmental regulations governing non-biodegradable plastics and growing consumer awareness of the adverse effects of improper plastic disposal.

This commodity plastic market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the commodity plastic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2021, According to trinseo, a U.S. based manufacturer of plastics and synthetic rubber, all of the following polystyrene products will be subject to utility subcharges in Europe: polycarbonate polystyrene, acrylonitrile butadiene styrene, styreme acrylonitrile, and feed stock styrene monomer. Other producers of common plastic resin had previously stated that they would look for an immediate power-cost pass-through.
• In 2021, KreCycle, a line of recyclable flexible films with high barriers, was introduced by Krehalon. Red meat, poultry, processed meat, seafood, and hard cheese are all packaged using products made of polyester (PET), polypropylene (PP), and polyethylene (PE).
• In 2020, The largest Korean chemical company, LG Chem, has declared that it will use renewable energy to power its cathode material plant in China. Further, the largest Korean chemical company, LG Chem, and the automotive supplier, Magna International Inc., have announced a joint venture to produce electric car parts.

North America Commodity Plastic Market Scope

The commodity plastic market is segmented on the basis of plastic type, product, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Plastic Type

• Reusable
• Recyclable

Product

• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Poly Methyl Methacrylate (PMMA)
• Acrylonitrile Butadiene Styrene (ABS)

End Use

• Building and Construction
• Packaging
• Electrical and Electronics
• Automotive and Transportation
• Medical and Pharmaceutical
• Textile
• Consumer Durable Goods
• Others
• Agricultural Films
• Sport Equipment’s
• Educational Stationery
• Bike Spare Parts

Commodity Plastic Market Regional Analysis/Insights

The commodity plastic market is analysed and market size insights and trends are provided by plastic type, product, end use as referenced above.

The countries covered in the commodity plastic market report are U.S., Canada and Mexico in North America.

The U.S. dominates the market and will continue to flourish its trend of dominance during the forecast period. The significant factors attributable to the region’s dominance are the expansion of the automotive sector with a high pace in technological advancement and growing demand for medical device packaging in the form of rising medical disorders and the rising geriatric population.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Commodity Plastic Market Share Analysis

The commodity plastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to commodity plastic market.

Some of the major players operating in the commodity plastic market are:

• BASF SE (Germany)
• DuPont (U.S.)
• Mitsubishi Engineering-Plastics Corporation (Japan)
• Dow (U.S.)
• Exxon Mobil Corporation. (U.S.)
• Chevron Phillips Chemical Company LLC. (U.S.)
• Borealis AG (Austria)
• Formosa Plastics Corporation (U.S.)
• GAIL (India) Limited (India)
• hanwha corperation (South Korea)
• Indian Oil Corporation Ltd (India)
• LG Chem (South Korea)
• Reliance Industries Limited. (India)
• PTT Global Chemical Public Company Limited. (Thailand)
• Westlake Corporation (U.S.)
• LOTTE Chemical CORPORATION (South Korea)
• NOVA Chemicals Corporate (Canada)
• LyondellBasell Industries Holdings B.V. (U.S.)
• Sumitomo Chemical Co., Ltd. (Japan)
• Braskem (Brazil)
• INEOS AG (U.K.)
• SABIC (Saudi Arabia)

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