Global LDPE packaging market is projected to witness the growth at a decent CAGR during the forecast period(2017 to 2023). Geographically, Europe and Asia Pacific hold a significant market share in 2017. Rising populations along with economic growth and rising disposable income will increase the demand for LDPE packaging in Asia Pacific region for FMCG, healthcare and consumer electronics industry.
Foreign and domestic investment in the developing markets will further add to the demand for LDPE packaging worldwide. Global LDPE packaging market is projected to witness the growth at a decent CAGR during the forecast period(2017 to 2023).
Increasing Use Of Hdpe, Lldpe And Uldpe Packaging
LLDPE packaging offers much more flexibility, tensile strength and improved conformability as compared to LDPE packaging and its most common application is in stretch films which require flexibility while not tearing or puncturing.
HDPE packaging is denser than LDPE packaging and is widely used in plastic water bottles, and chemical containers where high chemical resistance is required, such as containers for shampoo, conditioner, and motor among other and pipe system for indoor and outdoor application as HDPE has high UV-resistance.
Global Ldpe Packaging Market By Product
By product type, global LDPE packaging market is segmented as stretch and shrink films, bags and sacks, coatings, bottles, caps/closures, and lids and others. Stretch and shrink films held the largest global market share in 2017 owing to their wide usage in a packaging application. Growing demand for FMCG and consumer electronics goods uses stretch and shrinks films as they protect the product against dust, heat and water at economical prices.
Stretch And Shrink Films
Stretch and shrink film market will grow at a CAGR of XX% during the forecast period to reach a total market size of US$XX.XX billion by 2023 from US$XX.XX billion in 2017. Low cost of manufacturing of LDPE is one of the primary reasons for its increasing use in FMCG and consumer electronics packaging in order to provide protection to the product against dust, water and heat. Growing retail-ready packaging market is boosting the demanding for stretch and shrink films as they help reduce the transit cost and provide an opportunity for graphic printing on the packaging for brand promotion and ease of stocking the product on the shelf for supermarkets.
Global Ldpe Packaging Market By End-user Industry
By end user industry, global LDPE packaging market is segmented as FMCG, Healthcare, Agriculture, consumer electronics, and others. FMCG held the largest global market share in 2017 owing to the use of LDPE packaging for retail-ready packaging for a wide range of applications. The LDPE packaging is used for transit and ready-to-shelf packaging of agriculture products, healthcare product, consumer electronics, cosmetics packaging, water bottles and aerated drinks, and food products among others.
The market for LDPE packaging for FMCG industry will grow at a CAGR of XX% during the forecast period to reach a total market size of US$XXX billion by 2023 from US$XXX billion in 2017.The growth of LDPE packaging in this industry is fuelled by the growing market for retail-ready products as supermarkets and large retailers are demanding ready to shelf products as it reduces loss during shipment, transit cost and ease of stocking the product on shelves in case of replenishment. LDPE packaging facilitates innovative graphics printing on the packaging which enables, brand promotion, impulsive purchase and ease of identification.
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