Global Low-Density Polyethylene Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
13 Sep, 2021
The Low-Density Polyethylene (LDPE) market consists of sales of low-density polyethylene and related services which are used in the manufacturing different products such as packaging materials, trash bins, floor tiles, shipping envelopes, dropper bottles. Low-Density Polyethylene is resistant to moisture and chemicals and it is non-toxic, non-contaminating in nature, flexible and relatively transparent. It is used to make many thin and flexible products such as plastic bags for dry-cleaning, newspapers and others.
Global Low-Density Polyethylene Market Size And Drivers:
The global low-density polyethylene market is expected to grow from $56.6 billion in 2020 to $67.56 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $76.05 billion in 2025 at a CAGR of 3%. The rising demand of LDPE in packaging industry is expected to boost the growth of LDPE market. LDPE is being increasingly used for food packaging and non-food items packaging. The increase in demand of packaging accelerates the demand for LDPE used as a packaging material.
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Trends In The Global Low-Density Polyethylene Market
In 2019, ProMach, a packaging machinery company headquartered in Covington, Kentucky, acquired Grip-Pak for undisclosed amount. Through the acquisition, ProMach aims to expand its product line by utilizing LDPE handle solutions. Grip-Pak, is a U.S based provider 100% recyclable, photodegradable and FDA-compliant low-density polyethylene (LDPE) ring carriers made in the United States.
Global Low-Density Polyethylene Market Segments:
The global low-density polyethylene market is further segmented –
By End Use Industry: Agriculture, Electrical And Electronics, Packaging, Construction, Others
By Manufacturing Process: Autoclave Method, Tubular Method
By Application: Film And Sheets, Extrusion Coatings, Injection Molding, Others
By Geography: The global low-density polyethylene market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/low-density-polyethylene-global-market-reportLow-Density Polyethylene Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides low-density polyethylene market overviews, analyzes and forecasts market size and growth for the global low-density polyethylene market, low-density polyethylene market share, low-density polyethylene market players, low-density polyethylene market segments and geographies, low-density polyethylene market’s leading competitors’ revenues, profiles and market shares. The low-density polyethylene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.