GITNUX MARKETDATA REPORT 2024

Must-Know Plastic Industry Statistics [Latest Report]

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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