In 2021, the market for LDPE containers market was estimated to be worth approximately $41.4 billion. Future Market Insights (FMI) predicts that global sales of LDPE containers will amount to roughly US$ 59 billion by 2032, increasing at a CAGR of 5% to 6%.
Due to its structural strength and impact resistance, LDPE is a widely used polyethylene that is used to produce bars, jars, bottles, and pouches. Since a result, the market is growing as LDPE containers are being used in the chemical and food & beverage industries.
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To lower their overall production costs, small-scale producers in a variety of end-use industries frequently search for affordable packaging options. These manufacturers favour LDPE containers for packaging because they are less expensive to produce than PP, PET, and other types of plastic containers. Additionally, because using LDPE containers is more cost-effective than using other branding tools, they can be utilised to place branding and promotional material. During the forecast period, all of these factors are anticipated to propel the worldwide LDPE container market. However, as people become more conscious of environmental issues, demand for eco-friendly packaging solutions is increasing.
The use of traditional LDPE containers has declined as a result of the emphasis on using recyclable plastic containers. To create more sustainable packaging, the majority of plastic container producers combine specialist additives such oxo-biodegradable compounds with the base polymer. Reusable and recyclable bottles and jars are also becoming more popular. The abundance of substitute packaging options may reduce the market for LDPE containers.
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The market for LDPE containers globally is seeing the emergence of numerous creative, economical, and sustainable packaging solutions. Additionally, over the past few years, the industry has been constrained by the volatility of raw material prices. A significant barrier to the market expansion for LDPE containers is anticipated to continue to be the growing environmental concerns surrounding single-use plastic.
Key players operating in the global LDPE containers market include:
- CP Lab Safety Inc.,
- Polymers Merona Inc.,
- Amcor Limited,
- SKS Bottle & Packaging Inc.,
- Thermo Fisher Scientific Inc.,
- O. Berk Company LLC,
- Vivek Polymer India,
- TYH Container Enterprise Co. Ltd., and
- Zhejiang Zhenhua Plastic Co. Ltd., among others.
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Key Segments Profiled in the LDPE Containers Market
Product Type:
- Jars
- Bottles
End Use:
- Food & Beverages Packaging
- Chemical Packaging
- Industrial Packaging
- Pharmaceutical Packaging
- Retail Packaging
- Personal and Homecare Packaging
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East & Africa
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