Market Research Blog

  Regional Insight Asia Pacific, Latin America, Europe, North America and the Middle East & Africa are the main regions across which the global low-density polyethylene market is thriving during the review period. The report identifies Europe as one of the strongest regional markets globally, as the region had accounted for about 31.10% share in 2017. The predicted growth rate of the region holds true based on the factors like the presence of a huge number of manufacturers coupled with the speedy expansion of the polymer industry. Moreover, with the rapid boom in the packaging sector and the subsequent increase in the product demand, the regional market is set to witness further growth from 2020 to 2029. Advancements in technology and the positive economic development in the Asia Pacific region, especially in countries like India and China will enhance the growth prospects the years to come. Rapid industrialization, in particular the construction industry owing to burgeoning popula

  Market Overview The global low density polyethylene market was estimated at USD 29.78 billion in 2020, says Market Research Future (MRFR). The market is expanding at a robust growth rate during the forecast period (2020–2029). Market Drivers and Top Barriers Growing demand from the construction and automotive industry is projected to be the driving force behind the LDPE market growth. Evolving lifestyle along with increasing disposable income will offer lot of benefits to the market as well. As LDPE offers the benefit of transparency at a much lower weight, its demand is expected to surge in the automotive industry, backed by the strict government regulations for increasing the vehicle efficiency. Moreover, the expansion of the food packaging industry is poised to elevate the market position, as the transparency of the packaging is critical, with consumer groups opting for transparent packaging. Food packaging is inclusive of poultry and meat wrapping, baked goods dairy, sweets, snac