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

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  • N. O. Kapustin

    (Energy Research Institute, Russian Academy of Sciences)

  • D. A. Grushevenko

    (Energy Research Institute, Russian Academy of Sciences)

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.

Suggested Citation

  • N. O. Kapustin & D. A. Grushevenko, 2023. "Assessment of Long-Term Prospects for Demand in the Plastics Market in the Face of Industry Transformation," Studies on Russian Economic Development, Springer, vol. 34(2), pages 243-253, April.
    • Handle: RePEc:spr:sorede:v:34:y:2023:i:2:d:10.1134_s1075700723020041
    DOI: 10.1134/S1075700723020041
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    References listed on IDEAS

    as
    1. Jiajia Zheng & Sangwon Suh, 2019. "Strategies to reduce the global carbon footprint of plastics," Nature Climate Change, Nature, vol. 9(5), pages 374-378, May.
    2. Jiajia Zheng & Sangwon Suh, 2019. "Publisher Correction: Strategies to reduce the global carbon footprint of plastics," Nature Climate Change, Nature, vol. 9(7), pages 567-567, July.
    3. Ekaterina Grushevenko, 2015. "Complex method of petroleum products demand forecasting considering economic, demographic and technological factors," Economics and Business Letters, Oviedo University Press, vol. 4(3), pages 98-107.
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