Top 3 Drivers for the Global Low-density Polyethylene Market | Technavio

December 10, 2017

LONDON–(BUSINESS WIRE)–#LDPE—Technavio
market research analysts forecast the global
low-density polyethylene (LDPE) market to grow at a CAGR of close to
3% during the forecast period, according to their latest report.


The report further segments the global low-density polyethylene market
by application (films, extrusion coating, and injection molding) and by
geography (APAC, EMEA, and the Americas).

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global low-density polyethylene market:

  • Growing demand from films application
  • Increase in demand from developing countries
  • Growing demand from flexible packaging

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Growing demand from films application

The increasing demand for films and sheets for packaging, agricultural,
electronics, and other applications is expected to foster the demand for
LDPE. The films produced from LDPE show good impact resistance and heat
sealing characteristics. The incorporation of necessary additives in the
polymer ensures a good surface slip and smooth flow of film on packaging
machines. The growing demand for plastic packaging is expected to
increase the growth of the global LDPE industry because of its use in
packaging products.

According to Hitesh Bhatia, a lead analyst at Technavio for plastics,
polymers, and elastomers research, “Food and beverages must
be protected by packaging them in containers, sachets, plastic bags, and
pouches. Consumers inclination towards transparent and easy-to-open
packaging that facilitates the protection and preservation of food from
moisture and oxygen is also expected to supplement the market growth.
The film segment is the largest segment of the LDPE market because of
the growing demand for films for packaging due to their low cost, better
protection, and ease of sealing.”

Increase in demand from developing countries

The global LDPE market is witnessing a high growth rate in developing
economies such as India, China, Brazil, Mexico, Philippines, and
Indonesia. Many OEMs of LDPE are shifting their manufacturing activities
to these countries because of factors such as the availability of land,
cheap labor, low transportation costs, easy availability of raw
materials, and less stringent government regulations and policies. The
growing population and the increasing income and purchasing power in the
developing countries of APAC and South America are prompting higher
investments in packaging and printing industries.

The LDPE manufacturing companies have opportunities to capitalize on the
growth of emerging markets such as Mexico, South Africa, and Brazil that
have a high contribution in the spending on food and beverages,
printing, and other industries. Therefore, the LDPE
market is expected to have a high growth rate in these regions
during the forecast period.

Growing demand from flexible packaging

Flexible packaging is the packaging made of easily yielding materials
that can readily take different shapes when it is filled or closed.
Flexible packaging is used in various applications such as food and
beverages, consumer products, medical products, and others. Flexible
packaging can be made of paper, foil, plastic films, or a combination of
any of these. The use of films to produce flexible packaging because of
their moisture barrier, favorable sealing, stiffness, and clarity
properties is increasing.

“Flexible packaging includes bags, pouches, roll stock, liners,
shrink, bulk shipping sacks, stretch wraps, sleeves, and others.
Manufacturers and retailers prefer flexible packaging because it is
lightweight. This reduces the transportation cost and makes it easily
recyclable,” says Hitesh.

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning 50 countries. Their client base consists of enterprises of all
sizes, including more than 100 Fortune 500 companies. This growing
client base relies on Technavio’s comprehensive coverage, extensive
research, and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive positions
within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com