The global LDPE containers market was valued at roughly US$ 41.4 Bn in 2021. According to Future Market Insights (FMI), overall sales of LDPE containers are estimated to reach a valuation of nearly US$ 59 Bn by 2032, growing at 5% – 6% CAGR during the forecast period.
LDPE is a commonly used polyethylene used to make bars, jars, bottles, and pouches due to its structural strength and impact resistance. Hence, the adoption of LDPE containers is rising in chemicals and food and beverages sectors, thereby augmenting the growth in the market.
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LDPE Containers Market: Dynamics
Small scale manufacturers in various end use industries tend to look for economic solutions for packaging to reduce their overall production cost. LDPE containers require low cost for their production when compared to PP, PET and other plastic containers, which is why these manufacturers prefer LDPE containers for packaging. Also, LDPE containers can be used for putting branding and promotional information as it is economical than using other branding tools. All these factors are expected to drive the global LDPE containers market during the forecast period. However, with the rising awareness regarding environmental issues, the demand for eco-friendly packaging solutions is on hike.
Emphasis is on usage of recyclable plastic containers, has resulted in decreased usage of conventional LDPE containers. Most plastic container manufacturers are using specialty ingredients along with the basic polymer such as oxo-biodegradable materials to make their packaging solution sustainable. Also, recyclable and reusable bottles and jars are gaining traction. Availability of many alternative packaging solutions might restrict the demand for LDPE containers.
Various innovative, cost-effective and sustainable packaging solutions are emerging in the global LDPE containers market. Also, volatility in the cost of raw materials has been a restraining factor for the industry, over the past few years. The rising concerns over environmental issues regarding single use plastic is expected to remain a major restraining factor in the growth of LDPE containers market.
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LDPE Containers Market: Regional Outlook
Geographically, the global LDPE containers market has been divided into seven key regions, including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. Emerging economies in the Asia Pacific region are expected to expand at a high CAGR when compared to other regions owing to changing lifestyle, increasing per capita packaging consumption, and high demand for packaged food.
Economies of Latin America has witnessed serious economic slowdown in the past few years, consumers in the region are more rational about spending patterns than sustainability. This is expected to represent substantial growth opportunities for the LDPE containers market in the region.
Which Factors are Limiting the Sales of LDPE Containers?
Growing preference for environmentally friendly packaging solutions and awareness about single-use plastics and concerns associated with its disposal are projected to inhibit the use of LDPE containers.
Also, the introduction of stringent government regulations against the use of plastic and demand for oxo-biodegradable materials will further limit sales. Apart from this, changing prices of the raw materials used in the manufacturing of LDPE containers is expected to hamper the growth in the market.
Key manufacturers players operating in the global LDPE containers market include
- CP Lab Safety Inc.,
- Polymers Merona Inc.,
- Amcor Limited,
- SKS Bottle & Packaging Inc.,
- Thermo Fisher Scientific Inc.,
- O. Berk Company LLC,
- Vivek Polymer India,
- TYH Container Enterprise Co. Ltd., and
- Zhejiang Zhenhua Plastic Co. Ltd., among others.
Key players are focusing on improving their manufacturing processes to develop high mechanical strength packaging solutions. Furthermore, companies are adopting new business strategies such as collaborations, partnerships, and acquisitions to gain a competitive edge in the market.
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Key Segments Profiled in the LDPE Containers Market
- Food & Beverages Packaging
- Chemical Packaging
- Industrial Packaging
- Pharmaceutical Packaging
- Retail Packaging
- Personal and Homecare Packaging