U.S. Plastics Market Size to Hit USD 131.34 Billion by 2034

SEATTLE (Scrap Monster): A recent study published by Towards Chemical and Materials forecasts U.S. plastics market to reach USD 131.34 billion by 2034, registering a compound annual growth rate (CAGR) of 3.55% over the forecast period from 2025 to 2034. The market size was valued at USD 95.95 billion in 2025. The projected market growth is mainly on account of rising demand for sustainable and recyclable plastic materials.

In 2024, the polyethylene segment accounted for approximately a 30% share in the U.S. plastics market, by polymer type. By source, the petrochemical-based plastics segment held approximately 85% share. The U.S. plastics industry witnessed modest growth during the year, amidst challenges from fluctuating resin prices and reduced capacity utilization. 

The report analyses the major trends in the U.S. plastics market. The industry has been witnessing a major shift towards sustainable materials, with growing acceptance for bio-based and biodegradable plastics, mainly due to rising environmental concerns and regulatory pressures.

The report predicts heightened demand for plastic products from end-use application sectors such as packaging, automotive and healthcare. The widespread integration of recycled plastics along with latest advancements in processing technologies will drive the future market growth, it noted.

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