The global commodity plastic market reached USD 466.40 billion in 2020 and is projected to reach USD 689.05 billion by 2027, at a CAGR of 6.1% during the forecast period. The global commodity plastic market is being driven by the widespread use of commodity plastic in packaging, consumer goods, electronics, automobiles, and other industries. The rise in the construction and automotive sectors and the growing health care infrastructure is also propelling the demand for the commodity plastic market.