4 July 2019 – The
Global Polyethylene Packaging Market is
expected to witness substantial growth in the forthcoming years due to increase
in demand from various industries. Polyethylene (PE) is the commonly used
plastic by different industries, such as food, medical, and industrial
packaging, and others. It is derived from petroleum polymers and comes in a
wide range of properties like chemical resistant, easy fabrication that is
ideal for applications in chemical industry, high molecular weight for
healthcare applications, etc.
Reasons for the growth of polyethylene packaging market
include increase in demand form industries, such as cosmetics, healthcare, food
and beverages, increased preference for plastic pouches by retailers and
consumers, rising use of polyethylene packaging for several industrial
applications, and increase in demand for PET bottled beverages in soft drinks.
Furthermore, growing need for improved shelf-life of consumers is also
propelling the market growth. However, increasing government regulations
regarding environmental safety is an obstacle to the polyethylene packaging
market.
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Polyethylene packaging market is categorized based on
product type, application, and geography. Based on product type, market is
divided into HDPE (high density polyethylene) packaging, LDPE (low density
polyethylene) packaging, and linear low-density polyethylene. LDPE segment is
predicted to hold larger share of the market in the forecast period due to its
exceptional features, such as cost-effectiveness and light-weight. LDPE is insolvent
and chemically inert at room temperature and is resistant to acids and alkalis.
Geographically, market is segmented as North America, South
America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is
predicted to dominate the market in the forthcoming years due to increased use
of polyethylene in food and beverage industry. Additionally, growing beauty and
personal care industry is also demanding polyethylene on the large scale. Other
emerging economies like Japan and China also lead Asia Pacific market. North
America also accounts for a significant market share due to the presence of
large number of market players.
The key players in polyethylene packaging market include
Bemis Company, Inc., Coveris Holdings S.A., Berry Plastics Corporation,
Reynolds Group Holdings Limited, Amcor Limited, Sonoco Products Company, Mondi
Group, and Sealed Air Corporation.
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