Low Density Polyethylene (LDPE) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Low Density Polyethylene (LDPE) Market Analysis
- The low-density polyethylene (LDPE) market is projected to register a CAGR of over 3% during the forecast period.
COVID-19 had an impact on industrial growth across industries, with authorities delaying several major projects.This had a negative impact on the demand for LDPE. However, the market was in the recovery phase in 2021.
- Over the medium term, the major factors driving the growth of the market studied are the rise in demand from packaging and the surging demand for film and sheets.
- On the other hand, substitution of other polyethylene products and plastic bans reduce market growth during the forecast period.
- Nevertheless, increasing demands from the pharmaceutical industry are expected to boost the growth of the studied market during the forecast period.
- The Asia-Pacific region is expected to have the biggest share of the market and the highest CAGR over the next five years.
Low Density Polyethylene (LDPE) Market Trends
This section covers the major market trends shaping the Low-density Polyethylene (LDPE) Market according to our research experts:
Rise in Demand from the Packaging and Electrical & Electronics Industries
- Low-density polyethylene is used in the packaging industry because it can resist chemicals, bend, and be soft, among other things.
- Low-density polyethylene is primarily used in the food industry for packaging applications. It can hold products without emitting harmful chemicals. Owing to its lower moisture content, it is used in the storage of food items.
- Following a dip in 2020, the global packaging industry has resumed steady growth in 2021, as COVID-19 affected numerous end-use sectors.
- Linear low-density polyethylene is considered an alternative in the packaging industry today on account of its higher impact strength, tensile strength, puncture resistance, and elongation.
- Packaging is the largest application of LDPE. China, the United States, Japan, India, and Germany are amongst the top countries with the fastest growth rate in the packaging industry across the world.
- Plastics and packaging made from renewable resources like biomass are likely to hinder the market in the coming years.
- According to ZVEI, the global market for the electric industry was valued at USD 4821 billion in 2021, while registering a growth of around 9.1% as compared to the previous year.
- All the aforementioned factors are expected to significantly impact the demand for LDPE from the packaging industry during the forecast period.
Asia-Pacific Region to Dominate the Market
- The worldwide packaging business is evolving and expanding at a rapid pace, and the Indian packaging sector is no exception. Factors such as rising pharmaceutical, food processing, manufacturing, FMCG, healthcare sector, and auxiliary industries in emerging nations such as China, India, Brazil, Russia, and a few other East European countries are driving this rise.
- Industries in Asia-Pacific, such as food and beverages, electrical and electronics, packaging, and construction, are propelling market growth.
- In 2021, the shipment value of materials and containers for the packaging industry in Japan was around USD 41.8 billion, an increase of 2.1% compared to the previous year.
- In China, the rise of e-commerce giants like Alibaba is expected to drive the packaging market over the forecast period. For instance, Alibaba generated sales of around 540.3 billion yuan (USD 84.5 billion) in spending over the ten-day festival in November 2021, with a growth of 14% compared to last year.
- According to the Packaging Industry Association of India, the packaging industry is the fifth largest sector of the Indian economy; the industry has reported steady growth over the past several years and has a high potential for significant expansion, particularly in the export market.
- In the food and beverage industry, total packaging is expected to be around 450.000 million units in 2023.There is a significant rise in the growth of the packaging market owing to the upsurge of the e-commerce industry globally.
- Food processing and packaging costs in India may be up to 40% lower than in Europe, which, when paired with India's trained labor pool, makes it an appealing investment destination. Almost all user sectors with significant growth potential, such as processed foods, hard and soft beverages, fruit, and marine goods, have a lot of opportunity.
Due to all these factors, the market for low-density polyethylene is expected to have a high demand in the Asia-Pacific region during the forecast period.
Low Density Polyethylene (LDPE) Industry Overview
The low-density polyethylene market is consolidated in nature. Some of the major players in the market (Not in any particular order) include Exxon Mobil Corporation, LyondellBasell Industries Holdings BV, Dow, LG Chem, and Chevron Phillips Chemical Company, among others.
Low Density Polyethylene (LDPE) Market Leaders
Dow
Chevron Phillips Chemical Company
LyondellBasell Industries Holdings B.V
Exxon Mobil Corporation
LG Chem
*Disclaimer: Major Players sorted in no particular order
Low Density Polyethylene (LDPE) Market News
- November 2022 :Shell PLC began its operation in Pennsylvania facility with a 1.6 million ton-per-year capacity of polyethelene.
- January 2022 : Exxonmobil and SABIC established a new startup of Gulf Coast Growth Ventures with a manufacturing facility in San Patricio County, Texas. This facility would have two polyethylene units with a roduction capacity of up to 1.3 million metric tons per year
Low Density Polyethylene (LDPE) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Packaging Industry
4.1.2 Surging Demand for Film and Sheets
4.2 Restraints
4.2.1 Substitution of Other Polyethylene Products
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Type
5.1.1 Blow Molded
5.1.2 Films
5.1.3 Injection Molded
5.1.4 Sheets
5.1.5 Other Product Types
5.2 End-user Industry
5.2.1 Agriculture
5.2.2 Electrical and Electronics
5.2.3 Packaging
5.2.4 Construction
5.2.5 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Chevron Phillips Chemical Company
6.4.2 Dow
6.4.3 Exxon Mobil Corporation
6.4.4 Formosa Plastics Corporation
6.4.5 LG Chem
6.4.6 LyondellBasell Industries Holdings BV
6.4.7 National Petrochemical Company
6.4.8 NOVA Chemicals Corporate
6.4.9 PetroChina Company Limited
6.4.10 Reliance Industries Limited
6.4.11 Westlake Chemical Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand for LDPE in the Pharmaceutical Industry
Low Density Polyethylene (LDPE) Industry Segmentation
Low-density polyethylene (LDPE) is a thermoplastic polymer and is a class of polymers derived primarily from petrochemical feedstock. It can withstand continuous temperatures of 80 ° C and 90 ° C (194 ° F) for a short period of time. It is quite versatile and tough and is produced in translucent or opaque variations. The low-density polyethylene market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into blow molded, films, injection molded, sheets, and other product types. By end-user industry, the market is segmented into agriculture, electrical and electronics, packaging, construction, and other end-user industries. The report also covers the market size and forecasts for the low-density polyethylene (LDPE) market in 15 countries across major regions. For each segment, the market sizing and forecast have been done on the basis of volume (in kilo tons).
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| Blow Molded | |
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| Sheets | |
| Other Product Types |
| End-user Industry | |
| Agriculture | |
| Electrical and Electronics | |
| Packaging | |
| Construction | |
| Other End-user Industries |
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Low Density Polyethylene (LDPE) Market Research FAQs
What is the current Low-density Polyethylene (LDPE) Market size?
The Low-density Polyethylene (LDPE) Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Low-density Polyethylene (LDPE) Market?
Dow, Chevron Phillips Chemical Company , LyondellBasell Industries Holdings B.V , Exxon Mobil Corporation and LG Chem are the major companies operating in the Low-density Polyethylene (LDPE) Market.
Which is the fastest growing region in Low-density Polyethylene (LDPE) Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Low-density Polyethylene (LDPE) Market?
In 2024, the Asia-Pacific accounts for the largest market share in Low-density Polyethylene (LDPE) Market.
What years does this Low-density Polyethylene (LDPE) Market cover?
The report covers the Low-density Polyethylene (LDPE) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Low-density Polyethylene (LDPE) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
LDPE Industry Report
Statistics for the 2024 LDPE market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. LDPE analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
