Global Plastomers Market Size Study, by Product (Ethylene Propylene, Ethylene Butene), by Application (Food Packaging, Non-food Packaging), and Regional Forecasts 2022-2032

Description

The Global Plastomers Market is poised for significant growth, with an estimated valuation of USD 2.3 billion in 2023 and a robust compound annual growth rate (CAGR) of 6.56% anticipated over the forecast period from 2024 to 2032, reaching USD 4.07 billion by 2032. Plastomers, known for their unique properties such as flexibility, impact resistance, and superior sealing capability, have become indispensable in various packaging and industrial applications. These versatile materials are bridging the gap between elastomers and plastics, driving demand across sectors such as food packaging and non-food packaging.

The expanding use of ethylene propylene and ethylene butene-based plastomers in food packaging ensures products remain fresh, safe, and visually appealing, enhancing consumer trust. Non-food packaging applications, including industrial and automotive components, leverage the strength and durability of plastomers, minimizing material waste while maintaining high performance. Despite their wide-ranging benefits, market growth faces challenges, including fluctuating raw material prices and stringent regulatory requirements tied to environmental concerns.

The industry's commitment to innovation is fostering the development of sustainable plastomer formulations, including bio-based and recyclable variants. Technological advancements in production methods are enabling manufacturers to optimize performance characteristics, ensuring cost-effective solutions for end users. As industries increasingly seek materials that align with evolving environmental standards, the adoption of high-performance plastomers is anticipated to gain further momentum.

Regionally, the North American market leads the adoption of plastomers, fueled by advancements in packaging technology and a strong emphasis on sustainability. Europe follows closely, driven by stringent environmental regulations and a thriving food packaging industry. Meanwhile, the Asia-Pacific region is expected to exhibit the highest growth rate during the forecast period, driven by rapid industrialization, increasing urbanization, and expanding manufacturing capabilities in countries such as China and India. Latin America and the Middle East & Africa are also emerging as promising markets, supported by improving economic conditions and growing industrial activities.

Major market players included in this report are:

Huntsman Corporation
BASF SE
Dow Chemical Company
ExxonMobil Corporation
Arkema S.A.
SABIC
LG Chem
Borealis AG
Mitsui Chemicals, Inc.
INEOS Group
Reliance Industries Limited
Eastman Chemical Company
Chevron Phillips Chemical
LyondellBasell Industries N.V.
Tosoh Corporation

The detailed segments and sub-segments of the market are explained below:

By Product:

Ethylene Propylene
Ethylene Butene

By Application:

Food Packaging
Non-food Packaging

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe (ROE)
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific (RoAPAC)
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (RoMEA)

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast: 10 years from 2022 to 2032.
Annualized Revenues: Regional and segmental analysis.
Geographical Analysis: Detailed insights into major regions and countries.
Competitive Landscape: Information on major players and their strategies.
Strategic Recommendations: Actionable insights for stakeholders to capitalize on market opportunities.
Comprehensive Market Analysis: Demand-side and supply-side perspectives.

Chapter 1. Global Plastomers Market Executive Summary

1.1. Global Plastomers Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Plastomers Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Plastomers Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Food Packaging
- 3.1.2. Growth in Non-food Packaging Applications
- 3.1.3. Technological Innovations in Plastomer Production
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Development of Sustainable and Recyclable Plastomers
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Advancements in Production Technologies

Chapter 4. Global Plastomers Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Plastomers Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Plastomers Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Ethylene Propylene
- 5.2.2. Ethylene Butene

Chapter 6. Global Plastomers Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Plastomers Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Food Packaging
- 6.2.2. Non-food Packaging

Chapter 7. Global Plastomers Market Size & Forecasts by Region 2022-2032

7.1. North America Plastomers Market
- 7.1.1. U.S. Plastomers Market
  - 7.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Plastomers Market
7.2. Europe Plastomers Market
- 7.2.1. UK Plastomers Market
- 7.2.2. Germany Plastomers Market
- 7.2.3. France Plastomers Market
- 7.2.4. Spain Plastomers Market
- 7.2.5. Italy Plastomers Market
- 7.2.6. Rest of Europe Plastomers Market
7.3. Asia-Pacific Plastomers Market
- 7.3.1. China Plastomers Market
- 7.3.2. India Plastomers Market
- 7.3.3. Japan Plastomers Market
- 7.3.4. Australia Plastomers Market
- 7.3.5. South Korea Plastomers Market
- 7.3.6. Rest of Asia Pacific Plastomers Market
7.4. Latin America Plastomers Market
- 7.4.1. Brazil Plastomers Market
- 7.4.2. Mexico Plastomers Market
- 7.4.3. Rest of Latin America Plastomers Market
7.5. Middle East & Africa Plastomers Market
- 7.5.1. Saudi Arabia Plastomers Market
- 7.5.2. South Africa Plastomers Market
- 7.5.3. Rest of Middle East & Africa Plastomers Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Huntsman Corporation
- 8.1.3. Dow Chemical Company
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. BASF SE
- 8.3.3. Huntsman Corporation
- 8.3.4. Dow Chemical Company
- 8.3.5. ExxonMobil Corporation
- 8.3.6. Arkema S.A.
- 8.3.7. SABIC
- 8.3.8. LG Chem
- 8.3.9. Borealis AG
- 8.3.10. Mitsui Chemicals, Inc.
- 8.3.11. INEOS Group
- 8.3.12. Reliance Industries Limited
- 8.3.13. Eastman Chemical Company
- 8.3.14. Chevron Phillips Chemical
- 8.3.15. LyondellBasell Industries N.V.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes