The top 10 largest plastic manufacturing companies in the world are consistently driving growth for a high-performing plastic products industry. Just how big is the plastic industry? By 2027, the global plastics market size is expected to reach USD 754.3 billion and grow at a CAGR of 3.5% during the forecast period. The largest plastic manufacturers leading this growth are the Dow Chemical Company, LyondellBasell, and ExxonMobil. The top exporting countries of plastic items are China, Germany, and the USA.
This fact sheet is to assist business professionals, investors, and people in general that are interested in gaining insights into the global plastic products industry including:
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Who are the top 10 largest plastic manufacturers in the world? The following is a list of largest plastic manufacturing companies in the world ranked by taking revenue, assets, and brand value into account.
Who is the largest plastic manufacturer in the world? As of 2020, Dow ranks number 1 on our list of the top 10 plastic manufacturing companies in the world. Dow is a chemical corporation headquartered in Midland, Michigan, United States. Dow manufactures plastics, chemicals, and agricultural products, and operates in over 160 countries. Dow generated revenues of USD 60.278 billion in 2018 making it the leader in revenues among the top 10 largest plastic manufacturing companies in the world.
2nd on BizVibe’s list of the largest plastic manufacturers in the world in 2020 is LyondellBasell, the global public multinational chemical company. The company currently has headquarters in Houston, Texas, and global operations in London, UK, and is the largest licensor of polyethylene and polypropylene technologies. It also produces ethylene, propylene, polyolefins, and oxyfuels. LyondellBasell generated revenues of USD 34.484 billion last year making it a leader in revenue and profits among the largest plastic manufacturing companies in the world.
Coming in 3rd on the list of the largest plastic manufacturing companies in the world in 2020 is the US-based multinational oil and gas corporation headquartered in Irving, Texas, ExxonMobil. Outside of just the plastic products industry, ExxonMobil is one of the world’s largest companies by revenue. ExxonMobil Chemical is a petrochemical company that was created by merging Exxon’s and Mobil’s chemical industries. Its principal products include basic olefins and aromatics, ethylene glycol, polyethylene, and polypropylene along with specialty lines such as elastomers, plasticizers, solvents, process fluids, oxo alcohols, and adhesive resins. In 2018, ExxonMobil brought in revenues of USD 279.3 billion, most of it outside of the plastic products sector of course.
SABIC is a Saudi plastic manufacturing company, that is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals industries. SABIC is the second-largest public company in the Middle East and Saudi Arabia. In 2013, SABIC was the world’s fourth-largest chemical producer in the world. The company was founded 44 years ago in 1976 and is currently headquartered in Riyadh, Saudi Arabia. SABIC brought in revenues of USD 39.8 billion in 2017 makk9ing it one of the largest plastic manufacturing companies in the world as of 2020.
INEOS is a privately owned company based out of the UK and headquartered in London, UK. As a multinational chemical company, INEOS is organized into around 20 standalone business units. INEOS is involved in more than just the plastic products industry; INEOS provides products for many markets including fuels and Lubricants (23.3%), Packaging and Food (18.5%) and Construction (16.1%). In 2019, INEOS revenue was USD 85 billion
BASF is a German chemical company and the second-largest chemical producer in the world with multiple subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. Founded in 1865 and headquartered currently in Ludwigshafen, Germany, BASF is the 6th largest plastic manufacturer in the world as of 2020. BASF’s revenues in 2019 were USD 63.8 billion — making the company one of the largest plastic manufacturing companies in the world.
ENI is an Italian multinational oil and gas company headquartered in Rome. ENI has operations in 79 countries and is currently the world’s 11th largest industrial company with a market capitalization of USD 90 billion. In terms of annual revenue, ENI brought in USD 82.6 billion in 2018.
Often referred to as LG Chemical, LC Chem is the largest Korean chemical company and is headquartered in Seoul, South Korea. In 2017, LG Chem was ranked the 10th largest chemical company in the world by sales. LG Chem has eight factories in South Korea and a network of 29 business locations in 15 countries. The company’s revenues reached USD 20.4 billion last year and ranks 8th on this list of the largest plastic manufacturing companies in the world.
Chevron Phillips Chemical is a petrochemical company jointly owned by Chevron Corporation and Phillips 66. Chevron Phillips is headquartered in The Woodlands, Texas, a northern suburb of Houston, and is a major producer of ethylene, propylene, polyethylene, Alpha-olefins, Polyalphaolefins, aromatic compounds and a range of specialty chemicals. The company brought in revenues of USD 13.416 billion last year.
Lanxess is a German specialty chemicals company based in Cologne, Germany that was founded in 2004 via the spin-off of the chemicals division and parts of the polymers business from Bayer AG. Lanxess’ brought in revenues of USD 7.7 billion — making the company rank 10th on BizVibe’s list of the top 10 plastic manufacturing companies in the world.
This is BizVibe’s list of the top 10 largest plastic manufacturing companies in the world in 2020, going by a combination of revenue, assets and brand value. These companies are changing the way businesses are innovating in the plastic products industry.
Rank / Country
Exports in USD billions
3. United States
9. Czech Republic
12. Hong Kong
13. South Korea
14. United Kingdom
Source: Trade Map
The future of the plastic products industry looks promising as the top 10 largest plastic manufacturing companies in the world continue to grow their total assets and annual revenue. Expect the industry to keep growing and the key players to play a vital role in its path towards greater success in the future. Now is the time, to connect with these and other like-minded companies BizVibe to get started on a stronger B2B strategy online.