Low-Density Polyethylene Market 2021 Analysis by Global Manufacturers - Formosa Plastics Corporation, Dow Chemical Company, BASF SE, Chevron Phillips Chemical Company

The “Low-Density Polyethylene Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Low-Density Polyethylene market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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The study includes market share analysis and profiles of players such as 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.

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%.

Executive Summary:

The rising popularity of Linear Low-Density Polyethylene (LLDPE) is expected to restrict the growth of the low-density polyethylene (LDPE) market. Linear Low-Density Polyethylene (LLDPE) acts as a substitute to low-density polyethylene (LDPE) with additional benefits such as high tensile strength and higher degree of resistance form UV rays and other environmental factors, when compared to the low-density polyethylene (LDPE). According to an article by Plastivision, by 2023 the demand for LDPE for kitchen appliances is expected to reach 1.2 million metric tons only, whereas the demand for LLDPE for making of industrial containers is expected to reach 3 million metric tons. Thus, the market for LDPE is negatively impacted owing to the high tensile strength and more flexibility offered by LLDPE as compared to LDPE.

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. Use of LDPE in packaging decrease cost of packaging. Also, LDPE has properties of having good tensile strength and is flexibility which makes the process of packaging easy. LDPE is commonly used in food packaging to manufacture coffee can lids, bread bags, fruit and vegetable bags used in grocery stores. It is also used in non-food packaging such as in shipping sacks, bubble packing, envelopes, overwrap, and rack and counter bags. According the American Plastics Council (APC), LDPE accounts for 65.5 percent of the total plastic film used in packaging of food items whereas it accounts for 54.9 percent of the total plastic film used in packaging of non-food items. The increase in demand of packaging accelerates the demand for LDPE used as a packaging material.

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.

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Low-Density Polyethylene market.

The study objectives of this report are:

To study and analyze the global Low-Density Polyethylene size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Low-Density Polyethylene by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Low-Density Polyethylene manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Low-Density Polyethylene with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Low-Density Polyethylene submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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