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The demand for LDPE is expected to increase due to the growing demand for films and sheets in packaging, agricultural, electronics, and other applications. LDPE produces films that contains good impact resistance and heat sealing characteristics. Owing to LDPEs adoption in packaging products, there is increase in demand for plastic packaging that will drive the growth of the LDPE market. Technavio’s market research report has identified growing demand from films application as one of the primary factors that will fuel the growth of the low-density polyethylene market in the coming years. Consumers prefer transparent and easy-to-open packaging that protects food from moisture. Technavio’s market research analysts predict that this global market will post a CAGR of more than 2% by 2021.
The growing demand for bio-based films is identified to be one of the key trends contributing towards the growth of the low-density polyethylene (LDPE) market. The growing demand for sustainable products in packaging developmet is influencing the demand for environment-friendly films. Governments of countries such as UK, Canada, Germany, the US, and France have adopted strict policies for the contents of the materials used in packaging. Moreover, the increasing concerns related to plastic packaging and non-biodegradibility of plastic packaging will boost the demand for bio-based films.
The LDPE market is highly fragmented due to the presence of several large and regional vendors. The regional vendors are present specially in developing regions like APAC and in emerging economies such as India, Brazil, Mexico, Angola, and China. Upsurge in industrialization and urbanization have triggered the entry and growth of the domestic vendors, that will intensify the competition in the low-density polyethylene market.
The leading vendors in the market are-
The other prominent vendors in the market are Braskem, Chevron Phillips, INEOS, Mitsui Chemicals, NOVA Chemicals, Reliance Industries, SABIC, Sasol, USI Corporation, Versalis, and Westlake Chemical.
During 2016, the films segment accounted for the major shares of the LDPE market. The plastic films find its application in household items and to separate areas or volumes. LDPE possess excellent physical and chemical properties and are widely used in industries such as food packaging, pharmaceuticals, agriculture, consumer goods, construction, and personal care. LDPE films provide benefits such as ease of sealing, low cost, and good product protection, that drive the low-density polyethylene market.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the LDPE market throughout the forecast period. Owing to the increasing population and growing middle-class income in APAC, the low-density polyethylene market is gaining traction. Moreover, the increasing consumption of food and beverages, electronics, cosmetics, and others will aid in the growth.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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