Market Size of Low-density Polyethylene (LDPE) Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
