Global Linear Low-density Polyethylene (LLDPE) Market 2017-2021

Overview of the global linear low-density polyethylene (LLDPE) market

Technavio's market study identifies the high demand from the flexible packaging segment to be one of the primary growth factors for the linear low-density polyethylene (LLDPE) market. Flexible packaging is a container made of flexible or easily yielding materials that can readily change shape when it is filled or closed and it can be made of foil, paper, plastic film, or several combinations. Flexible packaging is primarily preferred by manufacturers and retailers due to their features such as lightweight property, reduced transportation cost, and easy recyclability. Flexible packaging is increasingly preferred in the packaging of ready-to-eat food products and beverages. Our market research analysts estimate that this market will grow steadily at a CAGR of about 6% by 2021.

Developed economies such as the UK, the US, and Germany have stringent regulations pertaining to the recycling of LLPDE plastics due to the growing environmental issues. Materials are increasingly recycled and reused to cater to the increasing demand for environmental sustainability. The European Commission also adopted the new Circular Economy Package to make the transition to a circular economy through which the resources will be used in a more-efficient and sustainable manner. The increase in recycling will be one of the key trends that will gain traction in the LLDPE market during the next four years.

Competitive landscape and key vendors

The LLDPE market is highly fragmented due to the presence of several international and regional vendors who compete on the basis of factors including price, innovation, operational cost, and product quality. The increase in product development, technological advancements, and product innovation and extension will further increase the level of competition among the market players. The key players in the market are focusing on M&As and strengthening their production capabilities to consolidate their market share.

The leading vendors in the market are -

• Borealis
• China Petrochemical Corporation
• Exxon Mobil
• LyondellBasell Industries Holdings
• The Dow Chemical Company

The other prominent vendors in the market are Braskem, Chevron Phillips Chemical, Formosa Plastics, INEOS, MITSUI CHEMICALS, National Petrochemical, NOVA Chemicals, Petro Rabigh, Reliance Industries, SABIC, Sasol, and Westlake Chemical.

Segmentation by application and analysis of the linear low-density polyethylene (LLDPE) market

• Films
• Rotomolding
• Injection molding

The food and beverage packaging industry has high demand for thin polyethylene films as LLDPE resins provide higher line speeds and thinner film structures. LLDPE resins are used in cast and blown film applications that require high tear and puncture resistance. Additionally, LLDPE is also used in the production of agricultural films, heavy-duty sacks, stretch films, personal care films, freezer films, lamination, heavy-duty bags, and overwraps.

Geographical segmentation and analysis of the linear low-density polyethylene (LLDPE) market

• APAC
• Europe
• North America
• ROW

With the increase in population and changing lifestyle, APAC is witnessing high growth in the retail and packaging sector. This is contributing to the high consumption of food and beverages and electronics. This will significantly fuel the growtht of the LLDPE market in this region. Countries such as China, Thailand, India, and Malaysia are witnessing considerable grwoth of the organized retail and e-commerce sectors.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global linear low-density polyethylene (LLDPE) market?
• What are the key market trends impacting the growth of the global linear low-density polyethylene (LLDPE) market?
• What are the challenges to market growth?
• Who are the key vendors in the global linear low-density polyethylene (LLDPE) market?
• What are the market opportunities and threats faced by the vendors in the global linear low-density polyethylene (LLDPE) market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global linear low-density polyethylene (LLDPE) market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the chemicals and materials industry follow a substantial data collection methodology and offer an analysis of quick-growing market segments like plastics, polymers, and elastomers. This upcoming industry research report on the global linear low-density polyethylene market offers insights into the key trends and emerging drivers influencing the growth of the chemicals and materials industry.

This upcoming market research report on the global linear low-density polyethylene market also covers vendors like Exxon Mobil, Daikin, Solvay, Arkema, and Honeywell. By considering the market forecast and size and the rising demand for various plastics, polymers, and elastomers, the market research professionals at Technavio present a clear picture of the global linear low-density polyethylene market for the projected period of 2017 to 2021. Additionally, our research practices help clients develop effective growth strategies and keep pace with the constantly changing market landscape by analyzing the market drivers, challenges, and trends in the market. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

As per our market research experts, growing demand for packaged food products and growing use of LLDPE films in the construction industry as moisture barriers under the concrete structure may influence the demand for linear low-density polyethylene in the coming years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global linear low-density polyethylene market also covers geographies like the Europe, North America, APAC, and EMEA.

The upcoming industry research report on the global linear low-density polyethylene market also categorizes the key drivers, major trends, as well as the restraints that the plastics, polymers, and elastomers sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the chemicals and materials industry. Technavio also provides deep-dive market assessments into the sectors such as agrochemicals and fertilizers and specialty chemicals.

Our market research methodology for the linear low-density polyethylene market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.