The global LDPE containers market witnessed a valuation of approximately US$ 41.4 billion in 2021. Future Market Insights (FMI) forecasts a robust growth trajectory, projecting LDPE container sales to reach nearly US$ 59 billion by 2032, with a steady CAGR of 5% to 6% throughout the forecast period. Low-density polyethylene (LDPE) stands out as a commonly used material for crafting containers like bars, jars, bottles, and pouches due to its remarkable structural strength and impact resistance. This versatility has driven its adoption in sectors such as chemicals, food and beverages, where the demand for reliable packaging solutions is paramount.
Rising preferences for packaged food, coupled with heightened concerns about hygiene and safety, particularly in countries like India, China, the USA, and the United Kingdom, are anticipated to drive LDPE container applications in the coming years. Moreover, the growing influence of internet penetration is poised to propel online retail activities, thereby increasing the demand for LDPE containers for e-commerce transportation.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-9051
In the healthcare sector, the surge in demand for vaccines, medicines, and biomedical products has led to an augmented use of flexible packaging, thus further propelling LDPE container sales. With these factors in play, the global LDPE containers market is set for substantial growth over the forecast period.
The widespread application of flexible packaging in the healthcare sector is anticipated to rise due to the growing demand for vaccines, medicines, and biomedical products. Driven by this, sales of LDPE containers will increase at a considerable pace over the forecast period.
Report Highlights
The usage of LDPE containers in the food and beverage industry is on the rise owing to their moisture resistance and extensive storage properties, thereby driving the market growth throughout the assessment period.
Surging concerns regarding carbon emissions are estimated to bolster the application of lightweight plastics, which will continue spurring demand for LDPE containers in the forthcoming years.
Surging preference for environmentally friendly packaging solutions and awareness about single-use plastics and concerns associated with their disposal are projected to inhibit the use of LDPE containers.
Recent Developments
LDPE is known to contain no bisphenol A (BPA). Attributing to the growing awareness regarding the risk of BPA on health is likely to bolster the application of LDPE containers. Besides, the benefits of LDPE packaging such as nominal weight, durability, and resistant properties will further bolster the growth in the LDPE containers market.
The introduction of stringent government regulations against the use of plastic and demand for oxo-biodegradable materials is likely to further limit the sales of the global LDPE containers market. Besides this, changing the prices of the raw materials used in the manufacturing of LDPE containers is expected to hamper the growth of the market.
Competitive Landscape
Key manufacturing players operating in the global LDPE containers market include CP Lab Safety Inc., Polymers Merona Inc., Amcor Limited, SKS Bottle & Packaging Inc., Thermo Fisher Scientific Inc., O. Berk Company LLC, Vivek Polymer India, TYH Container Enterprise Co. Ltd., and Zhejiang Zhenhua Plastic Co. Ltd., among others.
Dominant market players are focusing on enhancing their manufacturing processes in order to develop high mechanical strength packaging solutions. Furthermore, companies are adopting new business strategies such as collaborations, partnerships, and acquisitions to gain a competitive edge in the market.
More Insights into the LDPE Containers Market
The Asia Pacific region is expected to dominate the global LDPE container market over the evaluation period. The growth of the region is attributed to the increasing consumption of processed and ready-to-eat meals in countries such as China, India, and Japan.
A significant surge has been witnessed in the incidents of lifestyle-related disorders such as diabetes and blood pressure is spurring demand for injections and medicines. This, in turn, will fuel the adoption of LDPE containers in the pharmaceutical sector in the Asia Pacific.
A rapid expansion of the e-commerce sector is generating interest in online shopping in various developing countries like China and India. Therefore, increasing sales through online channels will bolster the applications of LDPE containers.
The North American region is expected to create the fastest growth in the global LDPE container market during the forecast period. Growing awareness regarding the risks of plastic-based products is increasing the demand for packaging products without BPA. This is projected to augment the sales of LDPE containers in the region. Furthermore, the easy availability of LDPE polymers in the U.S. is boosting its use as a resin for the development of containers, thereby spurring demand for LDPE containers.
Key Segments Profiled in the LDPE Containers Market
Product Type:
- Jars
- Bottles
End Use:
- Food & Beverages Packaging
- Chemical Packaging
- Industrial Packaging
- Pharmaceutical Packaging
- Retail Packaging
- Personal and Homecare Packaging
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports