Low-Density Polyethylene Global Market Sees Growth Rate Of 11% Through 2022

14 Oct, 2022

The global low-density polyethylene market size is expected to grow from $42.02 billion in 2021 to $46.74 billion in 2022 at a compound annual growth rate (CAGR) of 11.20%. The global low-density polyethylene market size is expected to grow to $69.56 billion in 2026 at a CAGR of 10.50%.

What is the Global Low-Density Polyethylene Market?

The low-density polyethylene (LDPE) market consists of sales of low-density polyethylene and related services which are used in the manufacturing of 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.

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What drives the Global Low-Density Polyethylene Market?

The rising demand for LDPE in the packaging industry is expected to boost the growth of the LDPE market. LDPE is being increasingly used for food packaging and non-food items packaging. Use of LDPE in packaging decrease the cost of packaging. Also, LDPE has the properties of having good tensile strength and is flexible which makes the process of packaging easy. LDPE is commonly used in food packaging to manufacturing coffee can lids, bread bags, fruit and vegetable bags used in grocery stores. It is also used in non-food packagings such as in shipping sacks, bubble packing, envelopes, overwrap, and rack and counter bags.

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Global Low-Density Polyethylene Market Segments
The global low-density polyethylene market is segmented:
By Manufacturing Process: Autoclave Method, Tubular Method
By Application: Film and Sheets, Extrusion Coatings, Injection Molding, Other Applications
By End User Industry: Agriculture, Electrical and Electronics, Packaging, Construction, Other End Use Industries
By Geography: The regions covered in the low-density polyethylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global low-density polyethylene market.

Low-Density Polyethylene Global Market Report 2022provides market size and growth forecasts for the global low-density polyethylene market, global low-density polyethylene market share, low-density polyethylene market segments and geographies, low-density polyethylene market competitive landscape including 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.

Global Low-Density Polyethylene Industry Playersin the low-density polyethylene market are Formosa Plastics Corporation, Dow Chemical Company, BASF SE, Chevron Phillips Chemical Company, DuPont de Nemours, LG Chem, Exxon Mobil Corporation, Reliance Industries Ltd, and LyondellBasell Industries. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.