Assessment of Long-Term Prospects for Demand in the Plastics Market in the Face of Industry Transformation

N. O. Kapustin () and D. A. Grushevenko
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N. O. Kapustin: Energy Research Institute, Russian Academy of Sciences
D. A. Grushevenko: Energy Research Institute, Russian Academy of Sciences

Studies on Russian Economic Development, 2023, vol. 34, issue 2, 243-253

Abstract: Abstract— There is considerable uncertainty in the global scientific community about the long-term outlook for global demand for plastics, with forecasts ranging from rapid growth to stagnation and decline. The article discusses the historical and current trends in the development of demand for plastics and forms a model toolkit for its forecasting. According to the results of the calculations, it was found that the growth of global demand is almost guaranteed until 2050, however, its dynamics will vary greatly by region and will significantly depend on new measures to combat plastic pollution.

Keywords: demand forecasting; plastics market; demand for plastics; forecasting; modeling; “plastics circular economy; ” petrochemical industry (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1134/S1075700723020041

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