Global LDPE Packaging Market 2017-2021
About LDPE Packaging
LDPE packaging refers to the packaging of products using packaging materials. These packaging materials are manufactured using LDPE polymer resins. LDPE is manufactured by the polymerization of ethylene at a high temperature range in a tubular reactor. LDPE consists of two or four carbon atoms in the molecular main chain leading to low crystallinity and irregular packaging. It is used in packaging solutions, such as packaging films and sheets and extrusion coatings. LDPE packaging films are lightweight. Hence farmers find it easy to use in short-term packaging requirements on their farms. Due to a number of branches and an elongated length, LDPE is flexible and strong for agricultural use. It is also used in packaging film applications, carrier bags, pond liners, and heavy duty industrial bags.
Technavio’s analysts forecast the global LDPE packaging market to grow at a CAGR of 5.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global LDPE packaging market for 2017-2021. To calculate the market size, the report considers the new volume sales generated by the LDPE packaging market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global LDPE Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global LDPE packaging market: Amcor, Bemis, Berry Plastics, Huhtamaki Group, and Sealed Air
Other Prominent Vendors in the market are: Coveris, Daibochi Plastic, Flextrus, Hipac Packaging Solutions, Interplast, IPS Packaging, McNeely Plastics, Nampak, Serioplast, and Silgan.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Demand for innovative LDPE packaging. LDPE packaging serves many vital packaging functions, including protection and containment of packaged products, conferring to consumer convenience, and maintaining safety and quality of the packaged products. Various innovative LDPE packaging solutions are developed for the various industries to promote sustainability and demand for LDPE packaging during the forecast period.”
According to the report, one of the major drivers for this market is Growth in demand for stretch and shrink film packaging. Stretch and shrink-packaging films are made up of highly engineered polyethylene films (PE) used for the packaging of goods. These packaging films possess chemical properties, such as stretch ability and flexibility. Stretch films and shrink films are thin and elastic films used to wrap a product or commodity. LDPE packaging products have lower density and higher flexibility, which drives the vendors to use LDPE packaging for manufacturing stretch and shrink film packaging. The global stretch and shrink film market is expected to witness a growth rate of around 5.50% during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Increased use of LLDPE over LDPE. The increased use of LLDPE compared with LDPE will restrict the growth of the global LDPE packaging market during the forecast period. LLDPE property of high flexibility than that of LDPE makes it a preferred packaging material compared with LDPE. LLDPE is one of the most used polymer resins for the manufacturing of plastic resin. The properties of LLDPE, such as improved mechanical strength, high flexibility, excellent optical strength, and conformability, are driving the packaging industry to increase the demand for LLDPE packaging compared with LDPE packaging.
Amcor, Bemis, Berry Plastics, Huhtamaki Group, Sealed Air, Coveris, Daibochi Plastic, Flextrus, Hipac Packaging Solutions, Interplast, IPS Packaging, McNeely Plastics, Nampak, Serioplast, and Silgan.