Low-Density Polyethylene Market Overview, Outlook, Size, Share 2024-2033 |

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2680

The Business Research Company presents an extensive market research report on the Low-Density Polyethylene Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The low-density polyethylene market size has grown rapidly in recent years. It will grow from $51.75 billion in 2023 to $56.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to industrialization and economic growth, product innovations and applications, consumer lifestyle changes, raw material availability and pricing, global trade dynamics.

The low-density polyethylene market size is expected to see strong growth in the next few years. It will grow to $82.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to growing sustainability and circular economy, infrastructure development, energy transition and environmental policies, consumer awareness of plastic waste, market consolidation and mergers. Major trends in the forecast period include technological advancements in material science, technological advancements in manufacturing, rising demand in healthcare sector, global regulatory changes, technological advancements in production processes.

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Key Market Players:

Major companies operating in the low-density polyethylene market report are China National Petroleum Corporation, PetroChina Company Limited, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Sinopec Beijing Yanshan Company, Reliance Industries Limited, Mitsui Chemicals Inc., BASF SE, Repsol SA, INEOS Group Holdings SA, Dow Inc., Saudi Basic Industries Corporation, LyondellBasell Industries NV, LG Chem Ltd., Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., PTT Global Chemical Public Company Limited, Braskem SA, Sasol Limited, Westlake Chemical Corporation, Borealis AG, DuPont de Nemours Inc., Huntsman Corporation, Formosa Plastics Corporation, Chevron Phillips Chemical Company LLC, Nova Chemicals Corporation, Qatar Petrochemical Company, National Petrochemical Company, Qatar Chemical Company Ltd., Versalis SpA

Market Drivers:

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 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. According to the American Plastics Council (APC), LDPE accounts for 65.5 percent of the total plastic film used in the packaging of food items, whereas it accounts for 54.9 percent of the total plastic film used in the packaging of non-food items. The increase in demand for packaging accelerates the demand for LDPE used as a packaging material.

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The low-density polyethylene market covered in this report 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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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