The global low-density polyethylene packaging market size was USD 19.20 billion in 2022. The market is set to rise from USD 20.09 billion in 2023 to USD 28.58 billion by 2030 at a CAGR of 5.17% during 2023-2030.
Low-density Polyethylene (LDPE) polymers are extensively used to create packaging solutions with low density and flexibility. LDPE finds its application in various containers, bottles, films, and plastic bags. The increasing demand for stretch and shrink film packaging solutions across multiple end-use industries is fueling market expansion.
Segmentation
Surging Demand for LDPE Bags & Sacks by Restaurants & Food Joints Boosted Segment Growth
In terms of product type, the market is divided into films & wraps, bags & sacks, bottles & droppers, caps & closures, and others. The bags & sacks segment dominated the global market. The increased requirement for low-density polyethylene resins for manufacturing plastic bags and sacks for food packaging is propelling segment growth. LDPE bags & sacks are widely adopted by numerous restaurants and food joints for packaging food items. Additionally, the rising preference for LDPE garment bags is fostering segment expansion.
Rising Usage of LDPE Packaging Techniques in the Food & Beverage Sector Driving Segment Expansion
By end-use, the market is categorized into food & beverages, personal care & cosmetics, electricals & electronics, consumer goods, pharmaceuticals, e-commerce, and others. The food & beverages segment leads the global market. LDPE, capable of withstanding stretching, is highly utilized in various applications such as plastic bags and bin bags. The growing use of LDPE packaging techniques in the food & beverage sector is propelling segment growth.
Drivers and Restraints
Increasing Product Demand from Food & Beverage and Pharmaceutical Sectors Fuels Market Growth
LDPE's easy moldability and cost-effectiveness make it highly preferred for packaging. Its waterproof nature and resistance to acids and bases add to its appeal. The rising demand for low-density polyethylene packaging in the food & beverage sector, owing to its strength and flexibility, is driving low-density polyethylene packaging market growth. The increasing adoption of LDPE by food & beverage producers for bread & frozen food bags, squeezable food bottles, shrink wraps, bottle caps, and lids is propelling market growth. Moreover, the rising need for LDPE bags to control moisture in pharma packaging products and ensure prolonged preservation is contributing to market expansion.
However, market growth is hampered by initiatives banning single-use plastics and reducing plastic usage in product packaging.
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