Polyethylene Market Size & Share, by Type (LDPE, MDPE, HDPE); Technology (Injection Molding, Blow Molding, Films & Sheets Extrusion); End-user (Packaging, Automotive, Infrastructure & Construction, Electronics & Electrical, Healthcare & Pharmaceuticals, Consumer Goods, Transportation, Agriculture) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 439
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Polyethylene Market size is poised to cross USD 174 Billion by the end of 2033, growing at a CAGR of 3.4% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of polyethylene was over USD 116.5 Billion. The growth of the market is primarily attributed to its increasing popularity, demand in the packaging, and construction industries, and rising demand for bio-based polyurethane. According to the United States Environmental Protection Agency (EPA), approximately 14.5 million tons of packaging and plastic containers were manufactured in 2018. Besides, the increasingly high demand for PE packaging of food and beverages, and growing consumer goods boost the market growth.

For instance, polyethylene's (PE) primary features include its low cost, strong electrical insulation across a wide frequency range, extremely good chemical resistance, outstanding processability, toughness, flexibility, and a major factor of transparency in thin films of specific grades. The increasing investments in the production of goods that are eco-friendly and the growing agricultural sector to propel the market growth in the forecast period. More than 40% of the executives said that the population is demanding sustainability in the textile and fashion industry.


Polyethylene-Market
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Polyethylene Sector: Growth Drivers and Challenges

Growth Drivers

  • Dynamic Properties and Growing Use of High-Density Polyethylene (HDPE) - High-Density Polyethylene is a low-cost thermoplastic with a uniform structure and no or little branching. It is produced at low temperatures (70-300°C) and pressures (10-80 bar) and is derived from either natural gas modification (a methane, ethane, propane mix) or catalytic cracking of crude oil into gasoline. It has a very good resistance to dilute acids, alcohol, and alkalis. For instance, HDPE is the perfect material for a variety of applications across industries owing to its excellent combination of features. High-density polyethylene is used for a variety of purposes, including the manufacturing of consumer items, fibers, textiles, wiring, and cables.
  • Worldwide Escalation in Food and Beverage Industry – The food and beverage industry's global revenue is anticipated to increase from USD 507 billion in 2022 to USD 857 billion by 2025.
  • Upsurge in Production of Sports Goods - Between 2015 and 2020, the worth of sporting goods production in the EU increased by more than 7% per year.
  • Growth in Textile Industry – For instance, the global textile industry is currently valued at around USD 1.4 trillion and is estimated to grow at a rate of 4 - 5% per year for the next few years.
  • Growth in Chemical Industry - In 2021, the total global revenue of the chemical industry reached its highest level in the previous 15 years, bringing the total to approximately USD 4.70 trillion.

Challenges

  • Rising Environmental Concerns
  • Stringent Government Regulations Over Plastic Use
  • Availability of its Substitutes such as polyethylene terephthalate and propylene
  • The increasing use of other substitutes such as polyethylene terephthalate and propylene is estimated to negatively impact the market growth. The properties of these plastics are similar to PE such as impact resistance, chemical resistance, flexibility, and low cost which are hindering the market growth.

Polyethylene Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

3.4%

Base Year Market Size (2022)

USD 116.5 Billion

Forecast Year Market Size (2033)

USD 174 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Polyethylene Segmentation

End-user (Packaging, Automotive, Infrastructure & Construction, Electronics & Electrical, Healthcare & Pharmaceuticals, Consumer Goods, Transportation, Agriculture)

The polyethylene market is segmented and analyzed for demand and supply by end-user into packaging, automotive, infrastructure & construction, electronics & electrical, healthcare & pharmaceuticals, consumer goods, transportation, agriculture, and others. Amongst these, the packaging segment is anticipated to grow at a significant rate over the forecast period owing to the rising use of polyethylene in the production of various packaging solutions in the food and beverage sector, and an increasing number of E-commerce portals that deliver packaged goods on doorsteps. It was observed that, in 2020, the global packaging industry flourished to be worth around USD 768 billion.

Our in-depth analysis of the global polyethylene market includes the following segments:

       By Type

  • Low-Density Polyethylene (LDPE)
  • Medium-Density Polyethylene (MDPE)
  • High-Density Polyethylene (HDPE)

       By Technology

  • Injection Molding
  • Blow Molding
  • Films & Sheets Extrusion
  • Others

        By End-User

  • Packaging
  • Automotive
  • Infrastructure & Construction
  • Electronics & Electrical
  • Healthcare & Pharmaceuticals
  • Consumer Goods
  • Transportation
  • Agriculture
  • Others

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Polyethylene Industry - Regional Synopsis

Asia Pacific Market Forecast

The Asia Pacific region polyethylene market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growing intake of packaged food items, growth in the automotive sector, and significant growth in infrastructure, packaging, and construction industries in the region. For instance, packaging consumption in India has increased 203% over the last decade, from 4 kg per person per annum (pppa) to 8 kg pppa. With an annual growth rate of 27%, the industry is expected to reach USD 205.81 billion by 2025, up from USD 51 billion in 2019.

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Companies Dominating the Polyethylene Landscape

top-features-companies
    • DuPont de Nemours, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • TotalEnergies SE
    • Hanwha Group
    • Reliance Industries Limited
    • Ducor Petrochemicals B.V.
    • Borealis AG
    • Global Polymer Industries, Inc.
    • Lone Star Chemical
    • SABIC
    • Formosa Plastics Corporation, U.S.A.

In the News

  • TotalEnergies SE announced a strategic agreement with Honeywell International Inc. to promote the development of advanced plastic recycling. As part of this contract, Honeywell is estimated to provide TotalEnergies with Recycled Polymer Feedstock (RPF) using Honeywell's UpCycle Process Technology at a newly announced advanced recycling plant being constructed in Andalucia, Spain.

  • Formosa Plastics Corporation, U.S.A. announced the start-up of its low-density polyethylene (LDPE) plant in Point Comfort, Texas. The LDPE unit is estimated to join the existing high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) units.

Author Credits:  Rajrani Baghel


  • Report ID: 439
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Dynamic properties and growing use of high-density polyethylene (HDPE), worldwide escalation in food and beverage industry, and upsurge in production of sports goods are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of 3.4% over the forecast period, i.e., 2023-2033.

Rising environmental concerns, stringent government regulations over plastic use, and availability of its substitutes are estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are DuPont de Nemours, Inc., TotalEnergies SE, Hanwha Group, Reliance Industries Limited, Ducor Petrochemicals B.V., Borealis AG, SABIC, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, technology, end-user, and by region.

The packaging segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Polyethylene Market Report Scope
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