GITNUX MARKETDATA REPORT 2024

Must-Know Plastic Industry Statistics [Latest Report]

With sources from: 1 – fortunebusinessinsights.com/plastics-market-102176, 2 – statista.com/topics/5266/plastics-industry/#topicOverview, 3 – globenewswire.com/en/news-release/2022/10/25/2540827/28124/en/986-Billion-Worldwide-Plastic-Products-Industry-to-2031-APAC-was-the-Largest-Region-in-2021.html#:~:text=The%20global%20plastic%20products%20market%20is%20expected%20to%20grow%20from,(CAGR)%20of%209.7%25., 4 – thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report and many more

In this post, we will explore a comprehensive overview of statistics related to the plastic industry, shedding light on key figures such as market size projections, employment numbers, waste generation, and advancements in technology. From the global market trends to the environmental impacts of plastic production and waste management, these statistics offer valuable insights into a sector that plays a significant role in the economy and sustainability efforts.

Statistic 1

"The global plastic market is projected to grow from $457.73 billion in 2022 to $643.37 billion by 2029, at a CAGR of 5.0%."

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Statistic 2

"The plastics industry is the 8th largest industry in the US, employing 1.5 million people and generating $394.7 billion in shipments in 2020."

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Statistic 3

"The global plastic market is projected to grow from $457.73 billion in 2022 to $643.37 billion by 2029, at a CAGR of 5.0%."

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Statistic 4

"The plastics industry is the 8th largest industry in the US, employing 1.5 million people and generating $394.7 billion in shipments in 2020."

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Statistic 5

"Global plastic waste generation has more than doubled from 2000 to 2019, with only 9% of it being recycled and 22% mismanaged."

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Statistic 6

"The global plastic market is projected to reach $580 billion in 2020, with ExxonMobil, Sinopec, and LyondellBasell leading the way."

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Statistic 7

"The market for plastic products is expected to grow at a CAGR of 11.7% to reach $1,427.59 billion in 2026."

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Statistic 8

"Robotic automation systems have led to productivity gains of 15-30% in the plastic manufacturing sector, with 180,000 machines in use in 2021."

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Statistic 9

"The global plastic market is expected to grow at a CAGR of 3.7% from 2022 to 2032, reaching a market valuation of US$885 billion by 2032."

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Statistic 10

"Plastic waste has grown to be a major threat, with only 9.5% recycled and 7.5 billion tonnes left to accumulate."

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Statistic 11

"Global plastics production is expected to increase significantly, so it is critical to reduce production, waste, and increase recycling."

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Interpretation

In conclusion, the statistics presented highlight the significant growth and impact of the plastic industry globally and in the US. While the industry shows promising market projections and employment opportunities, there is a concerning rise in plastic waste generation and mismanagement. It is imperative for the industry to prioritize sustainable practices, recycling efforts, and reducing waste accumulation to mitigate environmental threats. The integration of robotic automation systems has played a crucial role in enhancing productivity within the plastic manufacturing sector. As global plastics production is expected to escalate, concerted efforts are needed to address the challenges of waste management and promote a more sustainable future for the industry.

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Sources

Logo of 1 – fortunebusinessinsights.com/plastics-market-102176

1 – fortunebusinessinsights.com/plastics-market-102176

Logo of 2 – statista.com/topics/5266/plastics-industry/#topicOverview

2 – statista.com/topics/5266/plastics-industry/#topicOverview

Logo of 3 – globenewswire.com/en/news-release/2022/10/25/2540827/28124/en/986-Billion-Worldwide-Plastic-Products-Industry-to-2031-APAC-was-the-Largest-Region-in-2021.html#:~:text=The%20global%20plastic%20products%20market%20is%20expected%20to%20grow%20from,(CAGR)%20of%209.7%25.

3 – globenewswire.com/en/news-release/2022/10/25/2540827/28124/en/986-Billion-Worldwide-Plastic-Products-Industry-to-2031-APAC-was-the-Largest-Region-in-2021.html#:~:text=The%20global%20plastic%20products%20market%20is%20expected%20to%20grow%20from,(CAGR)%20of%209.7%25.

Logo of 4 – thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report

4 – thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report

Logo of 5 – statista.com/statistics/1060583/global-market-value-of-plastic/#:~:text=In%202021%2C%20the%20global%20plastics,period%20of%202022%20to%202030.

5 – statista.com/statistics/1060583/global-market-value-of-plastic/#:~:text=In%202021%2C%20the%20global%20plastics,period%20of%202022%20to%202030.

Logo of 6 – futuremarketinsights.com/reports/plastic-market

6 – futuremarketinsights.com/reports/plastic-market

Logo of 7 – cadimensions.com/the-plastics-industrys-biggest-challenges-in-2022/

7 – cadimensions.com/the-plastics-industrys-biggest-challenges-in-2022/

Logo of 8 – worldbank.org/en/news/immersive-story/2022/07/01/unpacking-the-plastics-challenge

8 – worldbank.org/en/news/immersive-story/2022/07/01/unpacking-the-plastics-challenge

Logo of 9 – oecd.org/environment/plastic-pollution-is-growing-relentlessly-as-waste-management-and-recycling-fall-short.htm

9 – oecd.org/environment/plastic-pollution-is-growing-relentlessly-as-waste-management-and-recycling-fall-short.htm

Logo of grida.no/resources/15041

grida.no/resources/15041

Logo of fortunebusinessinsights.com/plastics-market-102176

fortunebusinessinsights.com/plastics-market-102176

Logo of statista.com/topics/5266/plastics-industry/#topicOverview

statista.com/topics/5266/plastics-industry/#topicOverview

Logo of globenewswire.com/en/news-release/2022/10/25/2540827/28124/en/986-Billion-Worldwide-Plastic-Products-Industry-to-2031-APAC-was-the-Largest-Region-in-2021.html#:~:text=The%20global%20plastic%20products%20market%20is%20expected%20to%20grow%20from,(CAGR)%20of%209.7%25.

globenewswire.com/en/news-release/2022/10/25/2540827/28124/en/986-Billion-Worldwide-Plastic-Products-Industry-to-2031-APAC-was-the-Largest-Region-in-2021.html#:~:text=The%20global%20plastic%20products%20market%20is%20expected%20to%20grow%20from,(CAGR)%20of%209.7%25.

Logo of thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report

thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report

Logo of statista.com/statistics/1060583/global-market-value-of-plastic/#:~:text=In%202021%2C%20the%20global%20plastics,period%20of%202022%20to%202030.

statista.com/statistics/1060583/global-market-value-of-plastic/#:~:text=In%202021%2C%20the%20global%20plastics,period%20of%202022%20to%202030.

Logo of futuremarketinsights.com/reports/plastic-market

futuremarketinsights.com/reports/plastic-market

Logo of cadimensions.com/the-plastics-industrys-biggest-challenges-in-2022/

cadimensions.com/the-plastics-industrys-biggest-challenges-in-2022/

Logo of worldbank.org/en/news/immersive-story/2022/07/01/unpacking-the-plastics-challenge

worldbank.org/en/news/immersive-story/2022/07/01/unpacking-the-plastics-challenge

Logo of oecd.org/environment/plastic-pollution-is-growing-relentlessly-as-waste-management-and-recycling-fall-short.htm

oecd.org/environment/plastic-pollution-is-growing-relentlessly-as-waste-management-and-recycling-fall-short.htm

Logo of grida.no/resources/15041

grida.no/resources/15041

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