Research Nester published a report titled “Polyethylene Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global polyethylene market in terms of market segmentation by type, technology, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global polyethylene market to grow with a CAGR of ~3.4% over the forecast period, i.e., 2023 – 2033. The market is segmented by end-user into packaging, automotive, infrastructure & construction, electronics & electrical, healthcare & pharmaceuticals, consumer goods, transportation, agriculture, and others. Out of these, the packaging segment is projected to grow at the highest rate during the forecast period owing to the growing implementation of polyethylene in manufacturing of different kind of packaging solutions in food and beverage industry, and increasing number of E-commerce platforms which are using the polyethylene in packing of varied goods for convenient delivery.
The global polyethylene market is projected to extensively grow owing to its versatility factors and increasing usage of high-density polyethylene in various industries, followed by the swiftly escalating food and beverage industry across the globe as this industry implements the usage of polyethylene in various form such as, jar, containers, bottles for packing the food items. Furthermore, increasing manufacturing of sporting goods, and significant growth of chemical industry are some of the major factors anticipated to drive the growth of the market in the forecast period.
Geographically, the global polyethylene market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period owing to the significant upsurge in automotive industry, increasing consumption of packaged food, and a massive growth in infrastructure, construction, and packaging industries in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Worldwide Upsurge in Food and Beverage Industry to Drive the Market Growth
The global revenue of the food and beverage industry is expected to rise from USD 507 billion in 2022 to USD 857 billion by 2025.
Currently, people are more tend to intake packaged food and beverages. Even the growing trend of ordering food via online has been increasing since the lockdown period. Worldwide increasing capacity of spending, demand for quality products, and growing trend of online delivery are all fueling up the tendency to consume packaged food and beverages, which is adding up the growth ratio in food and beverage industry. Therefore, the huge growth in food and beverages industry is leading the global polyethylene market growth.
However, the easy accessibility of polyethylene alternatives, increasing cognizance about environment, and government’s rigorous rules about plastic usage are expected to operate as key restraints to the growth of the global polyethylene market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global polyethylene market which includes company profiling of Borealis AG, Global Polymer Industries, Inc., Lone Star Chemical, Formosa Plastics Corporation, U.S.A., DuPont de Nemours, Inc., TotalEnergies SE, Hanwha Group, Reliance Industries Limited, Ducor Petrochemicals B.V., SABIC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global polyethylene market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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