The High-Density Polyethylene (HDPE) Packaging Market will witness a CAGR of XX.XX% to reach US$XX billion by 2023, from US$XX billion in 2017. HDPE is a thermoplastic made out of petroleum. It is one of the most widely used forms of plastic. Also used to make plastic conatiners and bottles to improve the shelf life of products. HDPE packaging also provides solutions for packaging of chemicals for both household and industrial purposes.
Growing global working population and rising disposable incomes, especially in developing countries, is boosting the demand for convenient and packed food and beverage products. This, in turn, is fuelling the use of HDPE packaging solutions which are safe and suitable for items such as milk and juice as they do not transmit any chemicals into food or drinks. Another driver of HDPE packaging market is booming cosmetics and personal care industry. Growing focus on physical apperance and personal hygiene is significantly augmenting the the increased demand for personal care products for which packaging manufacturers are providing HDPE packaging solutions in the form of containers/bottles for liquid soap, shampoos and conditioners, bleach and other products. Rising e-retailing trend owing to growing penetration of smartphones and mobile devices along with internet connectivity is further driving the consumption of personal care products, thus, positively impacting the growth of global HDPE packaging market. Stringent government regulations regarding environmental sustainabilty is encouraging the use of sustainable HDPE packaging solutions which will continue to bolster the growth of HDPE packaging market throughout the forecast period. However, the fluctuations in HDPE prices might lead to a negative impact on the growth of HDPE packaging market. Moreover, availability of better substitutes like LDPE also restrains the growth of HDPE packaging market.
By End-User Industry, the global structure of HDPE packaging market is segmented as chemical, pharmaceutical, food and beverages, and retail among others. Food and Beverage sector accounted for a significant market share in 2017 owing to the rising affordability and better quality of packed food products. Pharamceutical industry will also witness a significant CAGR during the projected period on account of rising incidence of chronic diseases, growing global geriartric popualtion and escalating demand for OTC drugs across the globe. This would lead to a rise in the demand for HDPE packaging for medicines, syringes and other pharmacutical products.
By Geography, Asia-Pacific region is expected to witness the fastest regional market growth during the forecast period owing to rising disposable incomes and living standards in APAC countries which is positively impacting the growth of end-use industries in the region, thus positively impacting the demand for HDPE across these industries. North America holds a considerable share in the global HDPE packaging market due to early adoption of new technology and high purchasing power in the region. Strict government policies and programs to support the use of sustainable packaging solutions also contributes to the growth of HDPE packaging market in this region. The Canadian Plastics Industry Association and the Chemistry Industry Association of Canada have recently announced their aim to make 100% of plastic packaging recyclable by 2030.
Major industry players profiled as a part of this report are Amcor, Bemis, Berry global, Sealed Air, Sonoco, DS Smith, and Constantia Flexibles among others.
The High-Density Polyethylene (HDPE) Packaging Market has been analyzed through the following segments:
Bags and Pouches
Bottles and Vials
Crates and Containers
By End-User Industry
Food and Beverage
United States of America
Middle East and Africa
United Arab Emirates
Key insights offered
What will be the High-Density Polyethylene (HDPE) Packaging market size from 2017 to 2023?
How are the major drivers and restraints affecting the High-Density Polyethylene (HDPE) Packaging market growth and the opportunities which exist for key vendors?
Which segment and region will lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour.
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.