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Primary Form Plastic & Synthetic Rubber Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 2013 June 2024 Spotlight Report

Revenue

€125.0bn

2019-2024 4.9 %
2024-2029 X.X %

Employees

195k

2019-2024 0.3 %
2024-2029 X.X %

Businesses

4,193

2019-2024 0.4 %
2024-2029 X.X %

Profit

€X.Xbn

2019-2024 X.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry analysis

The Primary Form Plastic and Synthetic Rubber Manufacturing industry has contended with stringent recycling targets and plastic bans, curbing sales in an already economically challenging environment. France's ban on plastic packaging for fresh produce and plastic taxes in Italy and Spain have spurred innovation in sustainable materials and thwarted demand for traditional plastics. Plastic producers have also confronted shrinking sales and profit amid lofty and persistent inflation and volatile oil prices. Over the five years through 2024, revenue is projected to fall at a compound annual rate of 4.9% to €125 billion, with revenue falling 5.8% in 2024 alone.

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Industry Statistics and Trends

Primary Form Plastic & Synthetic Rubber Manufacturing in Europe key trends

A shift toward eco-friendly materials has curbed primary plastics sales.

 

This squeeze on traditional plastics is ramping up demand for innovative materials, raising costs for plastic manufacturers that are investing in innovation.

Spain and Italy are cracking down on single-use plastics with new taxes.

 

These taxes will hinder sales in the coming years and drive producers to innovate with biodegradable and 'smart materials'.

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Primary Form Plastic & Synthetic Rubber Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Primary Form Plastic & Synthetic Rubber Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 4.9 % over the past five years, to reach an estimated €125.0bn in 2024.

Trends and Insights

France’s plastic ban reshapes the industry landscape

  • France's aggressive recycling targets and plastic bans have driven innovation in eco-friendly materials, hindering demand for traditional plastics and forcing primary form plastic producers to rethink their products.

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Primary Form Plastic & Synthetic Rubber Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Plastic taxes in Spain and Italy

  • Spain and Italy have recently implemented plastic taxes to reduce single-use plastics and encourage recycling.

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Revenue

€125.0bn

2019-2024 4.9 %
2024-2029 X.X %

Employees

195k

2019-2024 0.3 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.3 % *
  • Job Growth

Top 5 Countries

  1. Iceland +11.6%
  2. Latvia +8.4%
  3. Bosnia & Herzegovina +6.9%
  4. Poland +6.4%
  5. Russia +3.9%

Bottom 5 Countries

  1. Hungary -24.1%
  2. Slovenia -11.3%
  3. Slovakia -8.4%
  4. Croatia -4.5%
  5. Greece -3.6%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Covestro AG
14,919.0
533.0
3.6
LyondellBasell Industries Holdings NV
38,589.5
2,747.1
7.1
Borealis AG
10,922.8
109.5
1.0

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Primary Form Plastic & Synthetic Rubber Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe in 2024?

The market size of the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe is €125.0bn in 2024. 

How many businesses are there in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry in 2024?

There are 4,193 businesses in the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe, which has grown at a CAGR of 0.4 % between 2019 and 2024.

Has the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe has been declining at a CAGR of 0.4 % between 2019 and 2024. 

What is the forecast growth of the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe is expected to decline.

What are the biggest companies in the Primary Form Plastic & Synthetic Rubber Manufacturing market in Europe?

The biggest companies operating in the Primary Form Plastic & Synthetic Rubber Manufacturing market in Europe are Covestro AG, LyondellBasell Industries Holdings NV and Borealis AG

What does the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe include?

Polypropylene and Polyethylene are part of the Primary Form Plastic & Synthetic Rubber Manufacturing industry.

Which companies have the highest market share in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe?

The company holding the most market share in Europe is Covestro AG.

Which countries have the most businesses in the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe?

The European country with the most businesses in the Primary Form Plastic & Synthetic Rubber Manufacturing industry is Turkey.

How competitive is the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe?

The level of competition is moderate and increasing in the Primary Form Plastic & Synthetic Rubber Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry includes the manufacture of resins, plastics materials and non-vulcanisable thermoplastic elastomers and the mixing and blending of resins on a custom basis. It also includes the manufacture of non-customised synthetic resins.

Related Terms

ThermoplasticElastomerBioplastic

What's included in this industry?

PolypropylenePolyethylenePolyvinyl chloridePolyurethanesSynthetic rubberPolyester

Companies

Covestro AGLyondellBasell Industries Holdings NVBorealis AG

Industry Code

ISIC 2006

2013 - Manufacture of plastics and synthetic rubber in primary forms in Europe

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Performance

Key Takeaways

France’s plastic ban reshapes the industry landscape

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry (2011 -2029)
  • Employees in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry (2011 -2029)
  • Business in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry (2011 -2029)
  • Profit in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Polyethylene's versatility and cost-effectiveness make it a hit in the packaging industry. Its high recyclability makes it the go-to for manufacturers, especially amid swelling environmental concerns.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

A few large companies dominate the industry. While some large companies dominate, there's still room for smaller manufacturers to compete effectively in niche segments.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Covestro AG
  • Countries of operation for LyondellBasell Industries Holdings NV
  • Countries of operation for Borealis AG
  • Countries of operation for BASF SE
  • Countries of operation for Arkema SA
  • Countries of operation for Eni SpA
  • Countries of operation for Repsol SA
  • Countries of operation for Lanxess AG
  • Countries of operation for Synthomer plc
  • Countries of operation for Maire Tecnimont SpA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Plastic and synthetic rubber producers face a stringent regulatory environment. Key regulations focus on environmental impact, including the EU's waste management directives and specific hazardous substances restrictions.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Recycling has boosted profit for plastic and rubber producers. Using recycled materials lowers raw material costs and helps producers meet consumer demand for eco-friendly products.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Primary Form Plastic & Synthetic Rubber Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.