| Product Code: ETC8838232 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Philippines continued to rely on Thailand, Malaysia, Vietnam, China, and Japan as key sources of commodity plastic imports. Despite a low Herfindahl-Hirschman Index indicating low market concentration, the industry experienced a negative Compound Annual Growth Rate of -5.73% from 2020-24. However, there was a notable growth uptick in 2024 with a 14.98% increase compared to the previous year, suggesting potential market recovery and evolving trade dynamics in the plastic import sector.

Commodity plastics such as polyethylene, polypropylene, and PVC see robust demand in the Philippines due to their widespread use in packaging, construction, automotive, and electronics. Price fluctuations tied to global oil markets and import dependency influence market dynamics. The push for sustainable alternatives and recycling is gradually reshaping the market landscape.
The commodity plastics market in the Philippines is growing steadily, fueled by packaging, construction, automotive, and consumer goods industries. Polyethylene, polypropylene, and PVC remain the dominant types due to their versatility and cost-effectiveness. However, rising environmental awareness is pressuring manufacturers and consumers to seek alternatives such as recycled plastics and biodegradable materials, pushing regulatory frameworks toward stricter plastic waste management.
The commodity plastics market is under pressure due to increasing environmental regulations targeting single-use plastics and promoting recycling. Volatility in raw material prices linked to global petrochemical markets affects pricing stability. There is also growing consumer demand for sustainable alternatives, which challenges traditional plastic producers.
Demand for commodity plastics in the Philippines is rising due to growth in packaging, automotive, electronics, and consumer goods industries. Investment opportunities lie in expanding production capacity for commonly used plastics like polyethylene and polypropylene while incorporating recycling and sustainable plastic solutions. Innovations in biodegradable and bio-based plastics also offer promising prospects given increasing regulatory and consumer pressure for environmental responsibility.
The commodity plastics market is governed by environmental regulations under the Ecological Solid Waste Management Act and DENR policies, focusing on reducing plastic pollution and promoting recycling. The government supports initiatives to develop biodegradable alternatives and enhance waste management infrastructure.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Commodity Plastic Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Commodity Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Commodity Plastic Market - Industry Life Cycle |
3.4 Philippines Commodity Plastic Market - Porter's Five Forces |
3.5 Philippines Commodity Plastic Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Commodity Plastic Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Philippines Commodity Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for packaged food and beverages, leading to increased use of plastic packaging. |
4.2.2 Expansion of the retail sector and e-commerce, driving the need for plastic materials for packaging and shipping. |
4.2.3 Government initiatives promoting the use of plastic in various sectors. |
4.3 Market Restraints |
4.3.1 Environmental concerns and increasing regulations on plastic use and disposal. |
4.3.2 Fluctuating prices of raw materials used in plastic production. |
4.3.3 Competition from alternative materials such as biodegradable plastics. |
5 Philippines Commodity Plastic Market Trends |
6 Philippines Commodity Plastic Market, By Types |
6.1 Philippines Commodity Plastic Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Commodity Plastic Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Commodity Plastic Market Revenues & Volume, By Pe, 2021- 2031F |
6.1.4 Philippines Commodity Plastic Market Revenues & Volume, By Pp, 2021- 2031F |
6.1.5 Philippines Commodity Plastic Market Revenues & Volume, By Pvc, 2021- 2031F |
6.1.6 Philippines Commodity Plastic Market Revenues & Volume, By Ps, 2021- 2031F |
6.1.7 Philippines Commodity Plastic Market Revenues & Volume, By Abs, 2021- 2031F |
6.1.8 Philippines Commodity Plastic Market Revenues & Volume, By Pet, 2021- 2031F |
6.2 Philippines Commodity Plastic Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Philippines Commodity Plastic Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.3 Philippines Commodity Plastic Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 Philippines Commodity Plastic Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.2.5 Philippines Commodity Plastic Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.6 Philippines Commodity Plastic Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.7 Philippines Commodity Plastic Market Revenues & Volume, By Textiles, 2021- 2031F |
7 Philippines Commodity Plastic Market Import-Export Trade Statistics |
7.1 Philippines Commodity Plastic Market Export to Major Countries |
7.2 Philippines Commodity Plastic Market Imports from Major Countries |
8 Philippines Commodity Plastic Market Key Performance Indicators |
8.1 Recycling rate of plastic materials in the Philippines. |
8.2 Adoption rate of sustainable packaging solutions in the market. |
8.3 Investment in research and development for eco-friendly plastic alternatives. |
8.4 Percentage of plastic waste properly managed and disposed of. |
9 Philippines Commodity Plastic Market - Opportunity Assessment |
9.1 Philippines Commodity Plastic Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Commodity Plastic Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Philippines Commodity Plastic Market - Competitive Landscape |
10.1 Philippines Commodity Plastic Market Revenue Share, By Companies, 2024 |
10.2 Philippines Commodity Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |