Europe Polyolefins Market - Segmented by Type, Extrusion Process, End-User Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Europe polyolefins market is expected to witness a moderate CAGR during the forecast period, 2018 - 2023. Germany dominated the Europe polyolefins market in 2017.
Shift in End-user Preference towards Flexible Packaging to Drive the Market
Consumer, retail and technology trends have contributed towards a gradual shift from rigid packaging to flexible packaging in the recent years. Flexible packaging provides convenience and durability, which is mostly preferred by the consumers. LDPE, HDPE, PP are few of the most used flexible packaging materials in the market today. Flexible packaging is primarily used to produce various films whose application is highest in the food industry. At present, flexible packaging is the fastest growing segment, even when in terms of share rigid packaging dominates the market. In food industry such packaging is preferred due to their moisture absorption properties, temperature control, product freshness, while maintaining the shelf life of the product. Other common uses are as shopping bags, carry bags, courier bags, foam packaging, bubble wrap, and others. Going usage of such packaging products across the globe will drive the use of polyolefins in the flexible packaging market.
Films – The Fastest Growing Segment
Film end-use application is expected to be the fastest market during the forecast period. Increasing demand for fast moving consumer goods is estimated to increase the consumption of films used for packaging purpose. In addition, increase in demand for packaged food and ready to eat food among consumers is expected to drive the consumption of films, which, in turn, will drive the market for polyolefins for films through the forecast period.
Germany – The Largest Market amongst Countries
Germany is the major consumer of rigid plastic packaging and is expected to grow at a rate more than 1.5% through 2023. The construction industry in the country too is growing significantly, experiencing a spectacular growth of around 5% in 2017 with further expected in the coming years. Other industries, such as electronics, healthcare, etc. too are growing at a steady rate. Such positive growth in the end-user industries is expected to reflect positively on the polyolefins market in Germany.
January 2018: Kaneka Corporation has decided to expand its production facilities for its expanded polyolefin particle foam products (Eperan and Eperan-PP) at Kaneka Belgium N.V
Major players: Arkema S.A., BASF SE, Borealis AG, Braskem SA, DowDuPont, Eni SpA, Exxon Mobil Corporation, Ineos Group AG, Lanxess AG, LG Chem Limited, Lotte Chemical Corporation, Lyondellbasell Industries NV, and Mitsubishi Chemical Holdings Corporation, amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand, which type, extrusion process, and end-user industry is dominating the market
Information about the countries, which are expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook