The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for LDPE in the packaging industry are expected to drive innovation in low-density polyethylene manufacturing, thus driving the market during the forecast period.

The global low-density polyethylene market is expected to grow from $46.65 billion in 2022 to $51.11 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The global low-density polyethylene (LDPE) market size is expected to grow from $72.34 billion in 2027 at a CAGR of 9.1%.

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Global Low-Density Polyethylene Market Segments Include:

• By Manufacturing Process: Autoclave Method, Tubular Method
• By Application: Film and Sheets, Extrusion Coatings, Injection Molding, Other Applications
• By End User Industry: Agriculture, Electrical and Electronics, Packaging, Construction, Other End Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global low-density polyethylene market in 2021.

Major Market Players in the low-density polyethylene market include Formosa Plastics Corporation, Dow Chemical Company, BASF SE, Chevron Phillips Chemical Company, DuPont de Nemours, LG Chem.

The production of bio-derived polyethylene is being widely adopted by companies in the low-density polyethylene market as a substitute for chemically synthesized polyethylene. Low-density polyethylene, like other plastics, is chemically synthesized and releases harmful toxins into the environment when burned and is difficult to decompose, further harming the environment. Companies involved in the LDPE market are investing in finding sustainable options for chemical plastics called bioplastics. These bio-plastics mimic the robustness and durability of conventional plastics such as LDPE and degrade in the open air. For instance, in July 2020, a US-based chemicals company Dow Inc., and a Malaysian manufacturer of stretch films launched a new range of bio-based polyethylene (bio-PE) in Asia-Pacific market. It is a bio-based polyethylene made from renewable feedstock that helps firms to develop high-performance plastics while limiting carbon footprint.

The Low-Density Polyethylene Global Market Report 2023 provides a low-density polyethylene market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The low-density polyethylene market forecast analyzes low-density polyethylene market size, low-density polyethylene market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Low-density polyethylene (LDPE) refers to a thermoplastic produced from the monomer ethylene. Low-density polyethylene is resistant to moisture and chemicals, and it is non-toxic, non-contaminating in nature, flexible, and relatively transparent. It is used to make many thin and flexible products, such as plastic bags for dry-cleaning, newspapers, and others.

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