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Report
Colombia Plastic Market Report and Forecast 2023-2028
Market Report I 2023-10-18 I 158 Pages I EMR Inc.
Colombia Plastic Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Colombia plastic market reached a value of USD 4.52 billion in 2022. Aided by the growing demand for plastic in a wide array of industries and the increase in the development of reusable and recyclable plastics, the market is projected to further grow at a CAGR of 3.40% between 2023 and 2028 to reach a value of USD 5.53 billion by 2028.
Plastic is a versatile and resilient material that has found extensive application in diverse sectors, such as packaging, construction, healthcare, automotive, and more. It offers advantages such as durability, low cost, water resistance, and flexibility, which makes it an ideal choice for numerous industrial applications. From disposable wrappers to advanced components in automobiles and aircraft, plastic is an integral part of modern life.
The Colombia plastic market growth is primarily driven by the burgeoning industrial growth in the country. Industries like packaging, construction, and automotive are rapidly growing, leading to a heightened demand for plastic due to its versatile and durable nature. In particular, the surge in e-commerce activities has resulted in increased demand for durable and efficient plastic packaging solutions.
Furthermore, plastic finds expanding applications in various sectors, which bolsters the Colombia plastic market expansion. In construction, plastic is extensively used for insulation, piping, window frames, and flooring. In the automotive industry, lightweight plastic components are integral to enhancing vehicle fuel efficiency. Meanwhile, in the healthcare sector, plastic is indispensable for making medical equipment, protective gear, and packaging.
Simultaneously, the shift towards sustainable plastic manufacturing practices in Colombia is propelling the plastic market. Amid growing environmental concerns, many manufacturers are adopting sustainable practices such as recycling and the use of biodegradable plastics. This move aligns with increasing consumer awareness and demand for eco-friendly products, which boosts the market further.
Additionally, the government's initiatives to stimulate industrial growth and promote domestic production are expected to bolster the Colombia plastic market development. Policies that incentivise local manufacturing, along with investment in technological advancements and infrastructure, are fostering a conducive environment for the expansion of the plastic market.
Market Segmentation
The market can be divided based on product, application, and end use.
Market Breakup by Product
- Polyethylene (PE)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Polybutylene Terephthalate (PBT)
- Polycarbonate (PC)
- Bioplastics
- Others
Market Breakup by Application
- Injection Moulding
- Blow Moulding
- Roto Moulding
- Compression Moulding
- Casting
- Thermoforming
- Extrusion
- Calendering
- Others
Market Breakup by End Use
- Packaging
- Construction
- Electrical and Electronics
- Automotive
- Medical Devices
- Agriculture
- Furniture and Bedding
- Consumer Goods
- Utility
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Colombia plastic companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BASF SE
- Evonik Industries AG
- Formosa Plastics Corporation
- Dow Chemical Company
- LyondellBasell Industries Holdings B.V.
- ESENTTIA S.A.
- Enka de Colombia SA
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Colombia Plastic Market Analysis
8.1 Key Industry Highlights
8.2 Colombia Plastic Historical Market (2018-2022)
8.3 Colombia Plastic Market Forecast (2023-2028)
9 Colombia Plastic Market by Product
9.1 Polyethylene (PE)
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Polypropylene (PP)
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Polyurethane (PU)
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Polyvinyl Chloride (PVC)
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Polyethylene Terephthalate (PET)
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Polystyrene (PS)
9.6.1 Historical Trend (2018-2022)
9.6.2 Forecast Trend (2023-2028)
9.7 Acrylonitrile Butadiene Styrene (ABS)
9.7.1 Historical Trend (2018-2022)
9.7.2 Forecast Trend (2023-2028)
9.8 Polybutylene Terephthalate (PBT)
9.8.1 Historical Trend (2018-2022)
9.8.2 Forecast Trend (2023-2028)
9.9 Polycarbonate (PC)
9.9.1 Historical Trend (2018-2022)
9.9.2 Forecast Trend (2023-2028)
9.10 Bioplastics
9.10.1 Historical Trend (2018-2022)
9.10.2 Forecast Trend (2023-2028)
9.11 Others
10 Colombia Plastic Market by Application
10.1 Injection Moulding
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Blow Moulding
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Roto Moulding
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Compression Moulding
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Casting
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.6 Thermoforming
10.6.1 Historical Trend (2018-2022)
10.6.2 Forecast Trend (2023-2028)
10.7 Extrusion
10.7.1 Historical Trend (2018-2022)
10.7.2 Forecast Trend (2023-2028)
10.8 Calendering
10.8.1 Historical Trend (2018-2022)
10.8.2 Forecast Trend (2023-2028)
10.9 Others
11 Colombia Plastic Market by End Use
11.1 Packaging
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Construction
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Electrical and Electronics
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Automotive
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Medical Devices
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Agriculture
11.6.1 Historical Trend (2018-2022)
11.6.2 Forecast Trend (2023-2028)
11.7 Furniture and Bedding
11.7.1 Historical Trend (2018-2022)
11.7.2 Forecast Trend (2023-2028)
11.8 Consumer Goods
11.8.1 Historical Trend (2018-2022)
11.8.2 Forecast Trend (2023-2028)
11.9 Utility
11.9.1 Historical Trend (2018-2022)
11.9.2 Forecast Trend (2023-2028)
11.10 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Trade Data Analysis
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Policy and Regulations
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BASF SE
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Evonik Industries AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Formosa Plastics Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Dow Chemical Company
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 LyondellBasell Industries Holdings B.V.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 ESENTTIA S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Enka de Colombia SA
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Colombia Plastic Market: Key Industry Highlights, 2018 and 2028
2. Colombia Plastic Historical Market: Breakup by Product (USD Million), 2018-2022
3. Colombia Plastic Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Colombia Plastic Historical Market: Breakup by Application (USD Million), 2018-2022
5. Colombia Plastic Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Colombia Plastic Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Colombia Plastic Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Colombia Plastic Market Structure
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