Global Polyethylene Category - Procurement Market Intelligence Report
About Polyethylene Market
The demand for plastics from the packaging of food and beverages is expected to grow at a CAGR of over 10% during the forecast period. The rigid plastic packaging segment has been the dominant consumer of polyethylene, driving the demand for HDPE. Moreover, surface protection applications used in consumer products such as food and beverages and cosmetics are experiencing a surge in demand, which is likely to lead to greater demand for LLDPE, a sub-category of polyethylene.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Polyethylene Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Polyethylene Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Polyethylene Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Polyethylene Category - Procurement Market Intelligence Report: The Dow Chemical Company, Sinopec, ExxonMobil, SABIC, and LyondellBasell.
Commenting on the report, an analyst from SpendEdge said: “Buyers must engage with several suppliers, preferably a blend of regional and global suppliers. Involvement with multiple vendors can facilitate the distribution of high-volume orders among them and reduce risks.”
According to the report, one of the key growth contributors for the global polyethylene market is the increasing demand from the food and beverages industry. Packaging is the largest application segment for polyethylene, and the trend is expected to continue for the near future.
Further, the report states that a major procurement challenge faced by the buyers is the difficulty in overcoming high transportation costs. Several hazardous materials are employed in the production of polyethylene. Therefore, ensuring safe handling and transportation require the use of specialized containers and compliance with restrictions regarding transportation routes.
The Dow Chemical Company, Sinopec, ExxonMobil, SABIC, and LyondellBasell.