The global polyethylene market size is worth around USD 118.97 billion in 2024 and is anticipated to reach around USD 201.3 billion by 2034, growing at a CAGR of 5.4% from 2024 to 2034.
Polyethylene is a versatile material used in various industries. Its lightweight nature, resistance to tears, high ductility, increased impact strength, and excellent chemical resistance make it an ideal packaging material. It is widely used to develop bottles, containers, pipes, bags, films, and sheets. The rising demand for flexible packaging and the rapid expansion of the packaging industry is boosting the growth of the market.
The rising demand for HDPE from various end-use industries is expected to boost market growth in the coming years. High durability, robustness, and corrosion-resistance properties of HDPE make it suitable for manufacturing automotive parts, electronic components, and construction materials. Moreover, the increasing adoption of packaged food is boosting the demand for PE packaging, as it extends the shelf life of packaged food items by preserving freshness.
The rising demand for sustainable packaging solutions plays a key role in shaping the polyethylene market. Several industries are shifting toward sustainable packaging due to the rising concerns about disposing of plastic packaging waste. However, HDPE can be recycled, making it ideal for developing sustainable packaging.
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| Stats ID: | 7131 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7131 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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