South-East Asia (SEA) Plastics Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Traditional Plastics, Engineering Plastics, and Bioplastics), Technology (Blow Molding, Extrusion, Injection Molding, and Other Technologies), Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Housewares, Furniture and Bedding, and Other Applications), and Geography (Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, and Rest of South-East Asia)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

6 %

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Market Overview

The market for South-East Asia (SEA) plastics is expected to grow at a CAGR of over 6% globally during the forecast period.

· Growing demand from the end-user industries such as packaging, electrical & electronics, as well as construction industry are driving the market growth.

· Ecological concerns about product disposal are expected to hinder the growth of the market.

· Innovative applications in electronic products as well as rising usage of bio-degradable plastics are expected to offer various opportunities for the growth of market.

Scope of the report

The South-East Asia (SEA) Plastics Market report include:

Type
Traditional Plastics
Engineering Plastics
Bioplastics
Technology
Blow Molding
Extrusion
Injection Molding
Other Technologies
Application
Packaging
Electrical and Electronics
Building and Construction
Automotive and Transportation
Housewares
Furniture and Bedding
Other Applications
Geography
Indonesia
Thailand
Malaysia
Singapore
Philippines
Vietnam
Rest of South-East Asia

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Key Market Trends

Injection Molding Technology to Dominate the Market

  • Injection molding is mostly done using virgin or high-quality processing resins. High-performance plastic pallets are usually injection molded. Injection molding is a relatively capital-consuming process, but offers the advantage of high-speed processes.
  • Therefore, injection molding is found to be beneficial in the bulk production of plastic pallets. Injection molding processes are used in wire spools, packaging, bottle caps, automotive dashboards, pocket combs, etc.
  • The explosive growth of local automotive, packaging, and chemical processing industries, across the world, is expected to provide a favorable market for injection molding.
  • Owing to the advantageous geographical location of Myanmar, with easy access to the rapidly growing Asia-Pacific end users, the consumption of injection molded plastic pallets is expected to increase drastically.
  • However, South-East Asia (SEA) is also becoming increasingly competitive in the field of injection molding. Many Japanese companies has moved their production of automotive plastic parts from China to Vietnam where technologies such as injection molding is used at the highest level.
  • Owing to the increasing demand from various end-user industries, the market for injection molding is projected to increase over the forecast period.

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Indonesia Country to Dominate the Market

  • Indonesia’s plastic and packaging sector has shown strong growth despite the country’s intensified consumption habits. PET and PVC are the most widely used materials in the plastic packaging industry. Some of the major properties of PET as a packaging material are recyclability, strength, and versatility, which drives the demand for these products.
  • Growing household spending, an evolving retail landscape and increase in demand for frozen & processed food are some major factors propelling the demand for packaging in Indonesia. The long-term market outlook is promising owing to the country's expanding consumer class.
  • Plastic products in Indonesia are used by a wide array of industries, such as, food & beverage packaging industry, building and household appliances, automotive and the remainder by other sectors including agriculture and horticulture. The food packaging industry remained the largest plastics end-user in 2016 in Indonesia, followed by infrastructure and automotive sectors.
  • The food & beverage packaging industry continues to be the bedrock of Indonesia’s plastic sales. There are around 900 companies operating in this sector throughout the country employing 350,000 workers. Their products include rigid packaging, flexible packaging, and extrusion thermoformed products.
  • Moreover, Indonesia’s building and construction industry is growing at a very fast rate. Use of plastic for building and construction application constitutes a significant position in the Indonesian plastics market and the usage is expected to grow at a steady pace in the upcoming period.
  • Hence, with the increasing demand friom various end-user industries, the market for plastics in Indonesia is likely to register a healthy growth rate during the forecast period.

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Competitive Landscape

The South-East Asia (SEA) plastics market is consolidated with the top five players accounting for major share of the market. Most of the market leaders are vertically integrated, with a broad product portfolio of plastics for packaging and building & construction, among others. The prominent players in the market include JG Summit Petrochemicals Group, Chemrez Technologies, NPC Alliance Corporation, Petron Corporation, and Philippine Resins Industries, Inc., among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the End-user Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Ecological Concerns about Product Disposal

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Price Analysis

    7. 4.7 Imports and Exports

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Traditional Plastics

      2. 5.1.2 Engineering Plastics

      3. 5.1.3 Bioplastics

    2. 5.2 Technology

      1. 5.2.1 Blow Molding

      2. 5.2.2 Extrusion

      3. 5.2.3 Injection Molding

      4. 5.2.4 Other Technologies

    3. 5.3 Application

      1. 5.3.1 Packaging

      2. 5.3.2 Electrical and Electronics

      3. 5.3.3 Building and Construction

      4. 5.3.4 Automotive and Transportation

      5. 5.3.5 Housewares

      6. 5.3.6 Furniture and Bedding

      7. 5.3.7 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Indonesia

      2. 5.4.2 Thailand

      3. 5.4.3 Malaysia

      4. 5.4.4 Singapore

      5. 5.4.5 Philippines

      6. 5.4.6 Vietnam

      7. 5.4.7 Rest of South-East Asia

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Plastic Resin Manufacturers

        1. 6.4.1.1 AGC Chemicals Vietnam Co., Ltd.

        2. 6.4.1.2 BASF SE

        3. 6.4.1.3 Chemrez Technologies, Inc.

        4. 6.4.1.4 Dow

        5. 6.4.1.5 DuPont

        6. 6.4.1.6 JG summit Petrochemical Corporation

        7. 6.4.1.7 LyondellBasell Industries Holdings B.V.

        8. 6.4.1.8 Nan Ya Plastics Corporation (Formosa)

        9. 6.4.1.9 NPC Alliance Corporation

        10. 6.4.1.10 Petron Corporation

        11. 6.4.1.11 Philippine Resins Industries, Inc.

      2. 6.4.2 Plastic Product Manufacturers

        1. 6.4.2.1 Ampac Holdings, LLC

        2. 6.4.2.2 Bavico Ltd.

        3. 6.4.2.3 Binh Minh Plastic

        4. 6.4.2.4 Chan Thuan Thanh Plastic Mechanical & Trading Co. Ltd.

        5. 6.4.2.5 Cholon Plastic Co. Ltd.

        6. 6.4.2.6 City Long (Cambodia) Co., Ltd.

        7. 6.4.2.7 Duy Tan Plastics Corporation

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovative Applications/Products

    2. 7.2 Other Opportunities

** Subject to Availability

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