Recycled Polyethylene Market Segmentation:
Grade Segment Analysis
The food grade segment is predicted to account for 60% share of the global recycled polyethylene market during the forecast period. This growth of the segment is predicted to be encouraged by the growing demand for food on account of a growing population. The population in the world in mid-November 2022 reached 8.0 billion in contrast to a population of 2.5 billion in 1950. Furthermore, owing to the standard of living of people the demand for packed food along with the quality of packaging is also surging. As a result, the demand for food-grade recycled polyethylene is also set to rise. Furthermore, the need to adhere to the food regulations is also surging. Hence, this might also boost the growth of the segment further driving the recycled polyethylene market expansion.
End-Use Segment Analysis
The packaging segment is predicted to account for 30% share of the global recycled polyethylene market during the forecast period. The major factor influencing the growth of the segment is the growing packaging industry. Further, this growth of the packaging industry is greatly influenced by the growing demand for e-commerce. The penetration of the internet and smartphones has risen significantly which has further encouraged people to shop online. This is why the packaging industry has been influenced by this trend. Yet, the major concern in e-commerce is adhering to the sustainability goals which has further made them shift their preference towards recycled polyethylene.
Our in-depth analysis of the global market includes the following segments:
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