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The global polyethylene (PE) market size is projected to reach USD 130.26 Billion by 2027. The increasing usage of PE in the packaging of electrical spare parts and automotive worldwide is set to accelerate growth. Fortune Business Insights™ published this piece of information in a recent study, titled, “Polyethylene Market Size, Share & COVID-19 Impact Analysis, By Type (HDPE, LDPE, LLDPE), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Agriculture, Others), and Regional Forecast, 2020-2027.” The report further mentions that the global market stood at USD 107.43 Billion in 2019. But, it is set to exhibit a CAGR of 3.4% during the forecast period between 2020 to 2027.
UPM Raflatac Adds Forest Film PE™ in its Range of Sustainable Film Labeling Solutions
In May 2020, UPM Raflatac, a supplier of label materials for branding and promotion, headquartered in Finland, introduced its new PE film label named Forest Film PE™. The new product would be able to complement the company’s wide range of sustainable film labeling solutions. With this launch, UPM Raflatac will be capable of moving forward towards a smarter future.
As per one of the company officials, “The new film label material will help customers to lower the reliance on fossil fuels, thereby reducing the carbon footprint in the value chain. At the same time, it wouldn’t affect the recyclability of the final package negatively.”
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Rising Demand for Saline Bottles & PPE amid COVID-19 to Favor Growth
The usage of polyethylene in the food & beverage industry is surging rapidly because of the increasing production of packaging materials. Manufacturers nowadays are demanding for effective packaging to lower quality loss and food contamination. Polyethylene has an excellent moisture barrier property that is able to protect food items from internal and external environments. Besides, the ever-increasing demand for curtains, personal protective equipment (PPE), plastic products, saline bottles, and sampling containers owing to the outbreak of the COVID-19 pandemic is set to boost the PE market growth in the coming years. However,
Key Players Aim to Compete by Introducing Novel Solutions
The market houses a wide range of renowned manufacturers that are striving constantly to gain a competitive edge. LyondellBasell, a dominant player in the market, is currently dealing with the refining, chemicals, and plastics sectors. It is engaging in the strategy of acquisition to compete in the market. Some of the others are launching state-of-the-art products to surge sales and cater to the rising demand.
Fortune Business Insights™ provides a list of all the polyethene manufacturers operating in the global market. They are as follows:
A Significant Industry Development-
Further Report Findings-
The global market can be segmented in the following way:
Value (USD Billion) and Volume (Million ton)
Type, End-user and Geography