Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Linear Low Density Polyethylene Overview
Linear low density polyethylene (LLDPE) is a linear polymer with numerous short branches, usually prepared by copolymerization of ethylene with long-chain olefins. It varies from the conventional LDPE (low density polyethylene) due to the absence of long chain branching. LLDPE is generally produced at low pressures and temperatures with the copolymerization of ethylene with alpha-olefins such as hexane, octane, and butane. It is applied in the all the traditional applications for polyethylene such as sheets and covers, toys, plastic bags, geomembranes and flexible tubing. LLDPE is also used in extrusion coating applications where it protects the contents of liquid containers, usually for paper and paperboard packaging.
Market Size and Forecast
The global linear low density polyethylene market is estimated to be valued at USD 59.3 Billion in 2017 and is projected to reach USD 70.9 Billion by the end of 2027, expanding at a CAGR of 5.8% over the forecast period (2017-2027). Additionally, the global linear low density polyethylene market is thriving on the back of rising availability of plastic products at minimal prices.
The global linear low density polyethylene market is segmented into application, process type and geography. In terms of regional platform, North America is the leading region with respect to increasing consumption of food packaging and flexible tubing and expected to continue its dominance over the forecasted period. Asia Pacific is anticipated to contribute a significant CAGR during the predicted period. Growing usage of LLDPE in coatings and packaging for medical products is expected to provide new opportunities for the growth of the market in Asia Pacific region.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global linear low density polyethylene market in the following segments:
By Application
By Process Type
By Region
Global Linear Low Density Polyethylene market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Rising demand for packaged food products, especially in developing countries of such as Mexico, India and China, is expected to be a key factor driving the growth of the market. In addition, increasing usage of protective films in agriculture to reduce soil erosion and protect from UV rays is also expected to propel the market growth over the next ten years. Mounting usage of LLDPE films in construction industry as moisture barriers under the concrete construction is also likely to enhance market growth.
Rapid urbanization along with positive GDP figures of developed and developing nations such as U.S., China and others are projected to flourish the growth of Linear Low Density Polyethylene market in LLDPE products. Additionally, application products such as lids, caps, houseware, pails, crates, sealant cartridges, large industrial containers and mobile garbage bins are manufactured by injection molding of LLDPE, whereas water tanks (including small water tanks to large agricultural tanks), canoes, toys small boats, marine floats and luggage, traffic barriers and furniture parts are produced by the process of rotomolding of LLDPE.
However, stringent government regulations regarding usage of non-biodegradable plastics in several parts of Europe and North America is expected to hamper growth of the LLDPE market.
Key players
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