Market Size of Middle East LLDPE Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East Linear Low-Density Polyethylene Market Analysis
Middle-East LLDPE Market is projected to register a CAGR of over 3% during the forecast period.
LLDPE is majorly used in packaging, automotive, electronics, and consumer goods, the shutdown of many such industries during the outbreak of COVID-19 relatively affected the demand for LLDPE in the market. However, with the unavailability of dine-in and restaurant options, the packaged food industry contributed to a surge in demand. The market is projected to grow steadily due to increasing demand from the packaging, construction, and automotive industries.
- Over the short term, the growing middle-class population favoring higher consumption of packaged food is a strong driver for simulating market growth. The benefits of LLDPE over LDPE like higher resistance to chemicals and cracking, and better mechanical characteristics at higher and lower temperatures make it favorable for both machine and manual packaging.
- However, increasing global demand for sustainability resulting in stringent regulations on single-use plastics and the demand for redesigning of packaging process for reducing consumption of LLDPE are factors hindering the market's growth.
- Nevertheless, with varied applications in film making such as specialty films, cast films, stretch films, lamination films, and molding processes such as rotational molding and injection-molded products, the demand for LLDPE is expected to grow during the forecast period.
