Plastic Resins Market Analysis

Product (Crystalline, Engineering Plastic, Non-Crystalline, Super Engineering Plastic)

The crystalline segment in the plastic resin market is predicted to capture the highest revenue share of 61.1% during the forecast period. The main element influencing the segment growth is the growing demand for the packaging industry, which is further dominated by growing e-commerce activities. For instance, in Europe, the European Commission estimates that 70% of the population from 92% of internet users ordered products online in the year 2023. Hence, the demand for crystalline polymers is projected to rise since they are considered to be the most durable option and stay least affected by solvents.

Moreover, polyethylene, polypropylene, and epoxy resin are the three main types of resin in crystalline polymers. However, one of the major polymers that are commonly used globally is polyvinyl chloride. It is especially utilized building industry as an alternative to rubber for flooring applications and as insulation around electrical cables.

Application (Automotive, Packaging, Construction, Consumer Goods, Logistics, Electrical & Electronics, Textile & Clothing, Agriculture, Furniture & Bedding, Medical Devices, Others)

Packaging segment is set to capture over 34.3% plastic resin market share by 2037. The segment growth is poised to be driven by an increasing need for packaged foods and beverages, particularly in developed countries. Moreover, the rising working-class population is also forecasted to influence demand for packed food & beverages. Additionally, governments around the world have launched strict guidelines for the safe use of plastic materials in beverage and food applications, which is further expected to foster segment growth. Consequently, with the expanding segment, the market is also set to grow.

Our in-depth analysis of the plastic resin market includes the following segments: