The global low-density polyethylene (LDPE) packaging market is projected to grow at a CAGR of 4.95% during the forecast period to grow to US$27.879 billion by 2023 from US$20.866 billion in 2017. LDPE is prepared from gaseous ethylene under very high pressure and high temperature in the presence of oxide initiators which generate a polymer structure with both long and short branches. These branches prevent the molecules from being packed closely together in a hard, crystalline, and stiff arrangement making the LDPE flexible, strong, and resistant to certain chemicals. LDPE industry is expected to witness significant growth owing to the growing demand in the packaging industry for innovative, lightweight, and convenient packaging. Moreover, there is an increase in demand for Stretch and Shrink film packaging which will augment the demand for the LDPE packaging market. Although LDPE is one of the most commonly used polyethylene, it faces the threat of substitution from LLDPE, HDPE, and ULDPE which will restrict the growth of LDPE market during the forecast period.
By End Users
By end-users, the global LDPE market is segmented as FMCG, healthcare, agriculture, consumer electronics, and other industry. With the growth of the packaging industry for the use of edible and non-edible products, the demand for LDPE will rise as it is cost-effective, light-weight, and has good tensile strength. The use of LDPE packaging will rise further due to the demand in the cable industry for the insulation of wires as it is UV proof, chemical resistant, flexible, and durable. The growth of the stretch and shrink industry will further add to the demand of the LDPE packaging industry as it provides transparent, flexible, and strong packaging of products. Odorless LDPE bags are used by pharmaceutical companies to prevent their drugs from moisture for a longer duration. Moreover, LDPE is used in our day-to-day life in the form of trays, general-purpose containers, polyethylene bags, juice boxes, etc.
By geography
Geographically, the global LDPE packaging market is segmented as North America, South America, Middle East, and Africa, Europe, and the Asia Pacific. Europe and the Asia Pacific regions accounted for a significant market share in 2016. Countries with large populations, such as India and China, present considerable market growth potential due to rising population and consumption spending. The growing use of a lightweight and strong LDPE stretch and shrink films, and the continuous growth of the packaging industry are driving the growth of this industry worldwide.
Competitive Landscape
The global LDPE packaging market is highly competitive owing to the vast presence of well-diversified international, regional, and local players. Market growth, massive consumption, favorable government policies, and economic cost of production are some of the key factors attracting new players in film packaging which dominate the majority of the LDPE packaging market-enhancing the competitive rivalry. The competitive landscape details products, strategies, and investments being done by key companies to boost their market share.
Some of the major players discussed in this report are Amcor Limited, Bemis Company, Sealed Air, and Hipac Packaging Solutions among others.
Segmentation
The global LDPE packaging market has been segmented by product, end-user, and geography.
By product:
Stretch and shrink films
Bags and sacks
Coatings
Bottles
Caps/closures, and lids
Other
By end user:
FMCG
Healthcare
Agriculture
Consumer Electronics
Other
By geography:
North America
South America
Middle East and Africa
Europe
Asia Pacific
Frequently Asked Questions (FAQs)
Q1. What is the size of global low-density polyethylene (LDPE) packaging market?
A1. Low-Density Polyethylene (LDPE) Packaging market was valued at US$20.866 billion in 2017.
Q2. What will be the low-density polyethylene packaging market size by 2023?
A2. The low-density polyethylene (LDPE) packaging market is projected to reach a total market size of US$27.879 billion by 2023.
Q3. What are the growth prospects for low-density polyethylene (LDPE) packaging market?
A3. The global LDPE packaging market is projected to grow at a CAGR of 4.95% during the forecast period.
Q4. What factors are anticipated to drive the global LDPE packaging market growth?
A4. There is an increase in demand for Stretch and Shrink film packaging which will augment the demand for the LDPE packaging market.
Q5. Which region holds the largest market share in the low-density polyethylene packaging market?
A5. Europe and the Asia Pacific regions accounted for a significant share in the global LDPE packaging market.
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