LDPE Market is Expected to Reach $22,488.0 Million by 2019, at a CAGR of 3.8% From 2014 to 2019
FORT WORTH, Texas, June 1, 2015 /PRNewswire/ --
The global LDPE market was valued at $18,694.0 million in 2014 and is projected to reach a value of $22,488.0 million by 2019, at a CAGR of 3.8% during the period under consideration. The global LDPE market has grown considerably in the past few years and is expected to grow at a more rapid pace in the coming years, mainly driven by the growing demand from the rapidly-growing packaging industries of the Asia-Pacific region.
Browse through the TOC of global LDPE market for an analysis of industry trends and segments, with the help of various tables and figures.
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Low Density Polyethylene (LDPE) is among the most commonly produced industrial plastics. LDPE is made from the polymerization of the ethylene monomer. LDPE is mainly used for packaging products. The use of LDPE in the packaging industry is driving the demand for LDPE, globally. The packaging industry is increasingly becoming technology oriented with innovations driving the market; this is expected to lead to packaging that reduces cost and is light weight.
LDPE is used extensively from complex food packaging structures to shopping bags and coated paper boards. It is widely used in the plastic processing industry to make a variety of products such as packaging films, sheet, boxes, containers, personal care & hygiene, medicals & surgical equipment, liquid packaging, lamination, wire & cable and profiles, and so on. The Asia-Pacific region dominates the global market, as of 2014. The market share of the Asia-Pacific market was 33.5% in 2014 and is expected to reach 35.9% by 2019.
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Acquisitions, agreements, and joint ventures are the key development strategies adopted by the leading companies in this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of LDPE to match the new demands coming from various end-user industries.
The Asia-Pacific is the largest region, both in terms of volume and value, followed by North America and then Europe. The key players in the global LDPE market are Sealed Air Corporation (U.S.), Amcor Limited (Australia), Bemis Company (U.S.), Jindal Polyfilms Limited (India), Toyobo Co. Limited (Japan), AEP Industries Inc. (U.S.), Berry Plastics Group Inc. (U.S.), Saudi Basic Industries Corp. (Saudi Arab), and Toray Industries Inc. (Japan), among others.
The LDPE market report, which analyzes the given market in terms of both value and volume, it depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and joint ventures of the leading LDPE companies in the global scenario.
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The Global HDPE Market, in terms of value, is projected to reach $91,457.2 million by 2019 from $62,442.0 million in 2014, at a CAGR of 7.9% from 2014 to 2019. In terms of volume, it is projected to reach 47,787.5 kilotons by 2019 from 34,151.6 kilotons, at a CAGR of 7.0% from 2014 to 2019.
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