Commodity Plastics Market Segmentation:
Product Type Segment Analysis
Polyethylene (PE) segment is set to account for around 45% commodity plastics market share by 2035. The market for PE is predicted to grow due to its increasing use in the packaging, medical, consumer durable goods, and pharmaceutical industries. In addition, market players are forming alliances to recycle the polyethylene form of plastic, for instance, in June 2024, The Dow Chemical Company announced the acquisition of Circulus, a North American polyethylene recycler to advance its mechanical recycling offerings.
End-use Segment Analysis
By 2035, packaging segment is expected to capture over 49% commodity plastics market share. The increasing availability of flexible packaging solutions, the surging shift towards eco-friendly packaging options, and the expanding demand for food and beverage packaging drive this segment's growth. In November 2023, Fresh Del Monte Produce Inc. announced a strategic partnership with Arena Packaging to introduce bananas reusable plastic containers (RPCs). The innovative technology intends to improve food waste, and manage carbon emissions and operational expenses.
Our in-depth analysis of the global commodity plastics market includes the following segments:
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