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Dublin, July 27, 2021 (Global News Agency) – “The Global Polyethylene Market (HDPE, LDPE, and LLDPE): Insights and Forecasts on the Potential Impact of COVID-19” Report has been added to ResearchAndMarkets.com supply.
In 2025, the global polyethylene market will reach 169.27 billion U.S. dollars, with a compound annual growth rate of 4.87% from 2021 to 2025.
The market has experienced growth due to several factors such as the surge in e-commerce sales, the growing demand for plastic bags and sacks, and the growing demand for packaged food.
The continuous growth of cannabis cultivation and the increasing demand for plastic films are expected to become the main trends in the market. However, the fluctuation of crude oil prices and the degradation of polyethylene on the environment may bring certain challenges to the global polyethylene market.
The global polyethylene market can be subdivided according to product density: high-density polyethylene (HDPE), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE). In 2020, the leading share of the market will be occupied by high-density polyethylene, followed by low-density polyethylene.
The global polyethylene market can be divided into the following seven segments by application: packaging, infrastructure and construction, consumer products/lifestyle, electrical and electronics, automotive, agriculture and healthcare, and pharmaceuticals. In 2020, the packaging sector will have the highest market share, followed by the infrastructure and construction and consumer goods/lifestyle sectors.
The dominant share of the market in 2020 will be sourced from the Asia-Pacific region. It is followed by North America and Europe.
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