Commodity Plastics Manufacturers Technological Advancements, Revenue Diversification, Patent Expansions, Cross-border Expansion, Performance Gap Identification

Date: January 2025

Commodity Plastics Market Companies and their Innovations

The global commodity plastics market size reached US$ 500 billion in 2024 and is projected to hit around US$ 671.96 billion by 2034, expanding at a CAGR of 3% during the forecast period from 2025 to 2034. The key players operating in the market are focused on adopting inorganic growth strategies like acquisition and merger to develop advance technology for manufacturing commodity plastics which is estimated to drive the global commodity plastics market over the forecast period.

Commodity Plastics Markets Key Players

Commodity Plastics Market Companies

US Import Data: Commodity Plastic Parts and Products from Diversitech, Camfil, and Perfection Products

CONSIGNEE NAME SHIPPER NAME PRODUCT DESCRIPTION QUANTITY WEIGHT
DIVERSITECH 3039 PREMIERE PARKWAY SOLID GOAL LIMITED COMMODITY PLASTIC HANGING STRAP HS CODE 392 800 11290
CAMFIL RIVERDALE ONE NORTH CORPORATE EFTEX ZUBEHOERTECHNIK GMBH CO COMMODITY PLASTIC PARTS FOR FILTER HS-CODE 3926 9097 25 6878
DIVERSITECH 3039 PREMIERE PARKWAY SOLID GOAL LIMITED COMMODITY PLASTIC HANGING STRAP HS CODE 392 840 10710
CAMFIL RIVERDALE ONE NORTH CORPORATE EFTEX ZUBEHORTECHNIK GMBH AND CO COMMODITY PLASTIC PARTS FOR FILTER HS-CODE 3926 9097 28 6675
PERFECTION PRODUCTS INC FB PACKAGE CO LIMITED COMMODITY PLASTIC PRODUCT HS CODE 39235000 1431 5619
CAMFIL CRYSTAL LAKE EFTEX ZUBEHORTECHNIK GMBH AND CO COMMODITY PLASTIC PARTS FOR FILTER HS-CODE 3926 9097 30 6141

Latest Announcements by Commodity Plastics Industry Leaders:

  • In May 2023, The market fundamentals and pricing of recycled plastics are trending away from their virgin, fossil-based counterparts, according to Luke Milner, Associate Editorial Director, EMEA Chemicals, S&P Global Commodity Insights. As a result, there is growing industry interest in new and additional pricing solutions as well as transparency in the changing marketspace.
  • In April 2024, Yvonne van der Laan, executive vice president, Circular and Low Carbon Solutions at LyondellBasell stated that this joint venture is part of company’s strategy to expand circular polymer offering in China and is linked to LYB's commitment to support a circular economy for plastics. Through collaboration with Genox, are able to provide local recycling solutions for Chinese consumers and brand owners, supporting their aspirational goals. A plastics recycling facility was established in Zhaoqing, Guangdong Province, China, in April 2024 by LyondellBasell and Genox Recycling. The facility turns plastic trash into new polymers using mechanical recycling techniques.

New Advancements in Commodity Plastics Industry

  • In May 2024, Global commodity intelligence provider ICIS announced the release of Ask ICIS, a creative Al assistant that will improve access to CIS' exceptional insights and intelligence for the chemicals and energy markets. The demand for extremely precise and current information has never been greater due to the complexity and volatility of commodity markets. Ask ICIS blends the power of generative Al technology with ICIS' extensive market intelligence, supported by decades of editorial experience and unmatched chemical and energy market statistics.
  • In April 2024, BASF SE, chemicals company, a range of products was unveiled by BASF to expedite its plastics journey. Internationally recognized certification programs like as ISCC PLUS and REDcert2 are used to certify BASF's sites and recycled products.