LDPE Packaging Market Size, Share, and COVID-19 Impact Analysis By Product Type (Films & Wraps, Bags & Pouches, Jars & Containers, Caps & Closures, and Others), By End-use Industry (Electricals and Electronics, Agriculture, Healthcare, Food & Beverage, Personal Care & Cosmetics, and Others), and Regional Forecast, 2024-2032

Low-density polyethylene (LDPE) is a lightweight and flexible plastic type. The high temperature and corrosion-resistant properties help drive the growth of the LDPE packaging market. The growing demand for electrical appliances throughout the globe will contribute to the growth of this market. The demand for plastic cultivation films is increasing for the cultivation of crops, and the thermal resistance of LDPE that makes it suitable to sustain in extremely high and low temperatures will foster the growth of LDPE packaging in the agricultural sector.

• For instance, in August 2022, Veolia collaborated with Miracle-Gro and Dobbies Garden Centres to collect the post-consumer LDPE bags and recycle them to make garden products like plastic films, furniture, and bags.

Using LDPE in lining water conservation projects, ponds, and chemical tanks to prevent leakages propels the growth of the LDPE packaging market. LDPE has extensive use in the packaging of products as it is flexible and can handle much stretching. In addition, an increase in the demand for product safety during the storage and transport of products will boost the growth of this market. The growing concern for using sustainable and recycled products will help fuel the growth of the LDPE packaging market. The e-commerce industry is growing so is the demand for flexible packaging. Along with this, the surging demand for using bubble wraps to protect the product from damage will foster the growth of the LDPE packaging market.

Recycling LDPE products makes them contaminated, and using recycled products in the agricultural industry will harm the crops and limit the growth of the LDPE packaging market. LDPE is plastic that harms the environment, and the stringent government laws and regulations to limit the use of plastic material will restrict the growth of this market. LDPE is not very stiff and rigid and gets torn when stretched more, which gives a better edge to its substitute and hampers the growth of the LDPE packaging market.

IMPACT OF COVID-19 ON THE LDPE PACKAGING MARKET

COVID-19 has impacted every industry differently. Even after the strict lockdowns and bans on imports & exports, some industries have seen positive growth. The food & beverages, personal care & cosmetics industry has seen negative growth due to disruption in the supply chain and closed restaurants. Agriculture has seen moderate growth because there were no restrictions on agricultural activities, so there was no such impact of covid on this industry. Furthermore, there was a sharp increase in the growth of the healthcare industry as it was a medical emergency. However, there is a rapid demand for electronic products after COVID-19 and will see positive growth.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the LDPE Packaging Market


• Key Industry Trends


• Regulatory Landscape for the LDPE Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY PRODUCT TYPE

Based on the product type, the market is segmented into films & wraps, bags & pouches, jars & containers, caps & closures, and others. Films & wraps hold the largest share of the LDPE packaging market. The films are generally heat & chemical-resistant, making them suitable for primary and secondary packaging. Moreover, the wide usage of films in various end-use industries such as agriculture, electrical & electronics will fuel the growth of this segment.

ANALYSIS BY END-USE INDUSTRY

Based on the end-use industry, the market is segmented into electricals and electronics, agriculture, healthcare, food & beverage, personal care & cosmetics, and others. Electricals and electronics segment dominates the LDPE packaging market. The surge in demand for electrical appliances in developing countries will fuel the growth of this segment. The increasing dependence on gadgets and the e-commerce industry also increased the demand for this segment.

REGIONAL ANALYSIS

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The LDPE packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading region of the LDPE packaging market. The rising demand for electrical and electronics due to the increasing population will fuel the growth of this region. North America is the fastest-growing region and fastest-growing market. The well-established healthcare industry and surging rise in the food & beverage industry will foster the growth of this region. Europe is experiencing significant growth due to using LDPE packaging in several end-use industries. The Latin American LDPE packaging market is forecasted to grow at a moderate rate due to an increase in the growing agricultural ad e-commerce industry. The Middle East & African region will witness steady growth due to the personal care & cosmetics industry increase.

KEY PLAYERS COVERED

The report will include profiles of key players such as Dow, Chevron Phillips Chemical Company, LyondellBasell Industries Holdings B.V, Exxon Mobil Corporation, L.G. Chem, Berry Global Inc, Hipac Packaging Solutions, Borealis AG, Saudi Basic Industries Corp., Strobel GmbH, among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• February 2023: EFS Plastics launched Nuera, a new line of products using recycled Low-Density Polyethene. Nuera will be widely used in making films, trash bags, and piping for agriculture, buildings, and other industries.


• October 2022: Ineos partnered with PolyClear Group, a U.K.-based packaging company, and launched a low-density P.E., 60% of post-consumer recyclates.


• February 2020: Dow signed an agreement with Avangard Innovative L.P. Avangard Innovative L.P. to supply post-consumer resin (PCR) plastic film pellets. With this agreement, Dow further stated that they would create linear LDPE and LLDPE products.