Global Polyethylene Packaging Market to reach US$ 1012.03 million by 2029 - A Report by Reports N Markets

 2021-12-07 05:03:57
 

Consumers nowadays have been showing their interest in polyethylene packaging owing to its lightweight, easy to handle and varied applications anywhere. Polyethylene is chemically synthesized from ethylene and is the most commonly used plastic with a variable crystalline structure.

Since polyethylene can be easily remoulded, it is used in various products such as packaging, molds, wires, cables, drums, carrier bags, general-purpose tubing, pond liners, pipes, and household goods. It can further be used in several sectors such as automotive, electrical and packaging.

Manufacturers prefer polyethylene packaging owing to its various properties such as hardness, rigidity, ductility, impact strength, and low friction, and also since it is a good electrical insulator. It is certainly an economical material which acts as an advantage for the purpose of packaging, thus increasing its demand in the market.

For instance, with the rising demand for the production of packaging material for food and beverages the consumption of the polyethylene product has be growing at a fast pace. In order to reduce the possibility of food contamination and loss of quality manufacturers prefer effective packaging, which polyethylene packaging is known to provide. Polyethylene is known to have a moisture barrier property that protects food and beverages from external, as well as internal environments owing to its growth in the market. 

Further, the increasing demand for quality packaging and ready meal among the young and middle-class consumers, manufacturer's concern for a longer shelf life of the product and consumer convenience is also driving the growth of the global polyethylene packaging market. 

This detailed study gives subjective and quantitative investigation of Global Polyethylene Packaging Market. The report has been made after detailed analysis of market income across locales and further across every one of the significant nations. The stock side investigation covers the significant market players and their local and worldwide presence and systems. The geological examination done underlines on every one of the significant nations across North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

 

Global Polyethylene Packaging Market Share in 2020, By Region

 

Important takeaways of the report:

• With valuation at US$ 201.74 million in 2020, global polyethylene packaging market is expected to get up to US$ 1012.03 million by 2029. The growth is projected at an estimated CAGR of 20.0% over the period of next ten years.

• The increasing industrialization and rising demand for polyethylene in fashion apparels, sports goods, and toys is driving the growth of the Global Polyethylene Packaging Market.

• Similarly, manufacturers also prefer to use polyethylene packaging owing to their low cost and lightweight. Polyethylene is one of the popular thermoplastic material available today that is being used almost everywhere in day to day life. 

• The leading companies operating in the global polyethylene packaging market include Alpha Group, Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, DS Smith Plc, Huhtamaki Oyj, Sealed Air Corp., Sonoco Products Co., Greiner Packaging, Flextrus, Nampak Plastics, LINPAC Group, Daibochi Plastic, Reynolds Group, Wipak, Rexam, Printpack, Man Luen, Resilux, Constantia Flexibles, RPC Group, Amcor, Bemis, FKuR Kunststoff GmbH, Serioplast, Silgan, Coveris, Graham Packaging, amongst others.

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