Low-Density Polyethylene Market (2023-2032): Top Companies Overview, Share, Growth, Size and Opportunities

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Low-Density Polyethylene Global Market Report 2023 identifies rising demand for LDPE in the packaging as the major driver for the Low-Density Polyethylene market's growth in the forecast period. LDPE is being increasingly used for food packaging and non-food packaging. Use of LDPE in packaging decreases the cost of packaging. LDPE has the properties of having good tensile strength and being flexible, which makes the process of packaging easy. LDPE is commonly used in food packaging to manufacture coffee can lids, bread bags, and fruit and vegetable bags used in grocery stores. It is also used in non-food packaging such as shipping sacks, bubble packing, envelopes, overwrap, and rack and counter bags.

The global low-density polyethylene (LDPE) market size will grow from $46.65 billion in 2022 to $51.11 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the low-density polyethylene (LDPE) is expected to grow from $72.34 billion in 2027 at a CAGR of 9.1%.

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Major competitors in the Low-Density Polyethylene market are Formosa Plastics Corporation, Dow Chemical Company, BASF SE, Chevron Phillips Chemical Company, DuPont de Nemours

A key trend in the Low-Density Polyethylene market includes production of bio-derived polyethylene. Low-density polyethylene, like other plastics, is chemically synthesized and releases harmful toxins into the environment when burned and is difficult to decompose, further harming the environment. Companies involved in the LDPE market are investing in finding sustainable options for chemical plastics called bioplastics. These bio-plastics mimic the robustness and durability of conventional plastics such as LDPE and degrade in the open air. For instance, in July 2020, a US-based chemicals company Dow Inc., and a Malaysian manufacturer of stretch films launched a new range of bio-based polyethylene (bio-PE) in Asia-Pacific market.

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The Low-Density Polyethylene market is segmented -
1) By Manufacturing Process: Autoclave Method, Tubular Method
2) By Application: Film and Sheets, Extrusion Coatings, Injection Molding, Other Applications
3) By End User Industry: Agriculture, Electrical and Electronics, Packaging, Construction, Other End Use Industries

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Low-Density Polyethylene market.

The Business Research Company's "Global Low-Density Polyethylene Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Low-Density Polyethylene Market Include:
1. Executive Summary
2. Low-Density Polyethylene Market Characteristics
3. Low-Density Polyethylene Market Trends And Strategies
4. Low-Density Polyethylene Market - Macro Economic Scenario
5. Low-Density Polyethylene Market Size And Growth
……
27. Low-Density Polyethylene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Low-Density Polyethylene Market
29. Low-Density Polyethylene Market Future Outlook And Potential Analysis
30. Appendix

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