The global Film Polyethylene Market size is expected to reach USD 174.36 Billion n 2030 and register a revenue CAGR of 4.0% over the forecast period, according to the latest report by Reports and Data. Demand for packaged goods has been rising substantially in the past decade due to changing lifestyle of consumers and rapid expansion across various industries where polyethylene is a major raw material and these factors are expected to boost market revenue growth over the forecast period.

Some major applications of polyethylene include polyethylene sheets, packaging bottles, and polyethylene tubing. Increased demand for such products is expected to significantly drive rising demand for and use of plastic containers in various end-use industries. In addition, rapidly increasing global population is expected to boost revenue growth of the market revenue going ahead.

Top Companies Operating in the Global Film Polyethylene Market:

SABIC, Dow Chemical Company, LyondellBasell, Lone Star Chemical, Saudi Gazette KSA, Respol, Sinopec Corporation, Reliance Polymers, Exxon Mobil Corporation, and Orpic.

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Some Key Highlights from the Report

·                     In May 2021, LACTEL and INEOS partnered to produce world’s first HDPE milk bottles with circular polyethylene derived from post-consumer recycled material. LACTEL is the first dairy brand to explore sustainable solution of packaging. The new product will be used in Montauban production plant for an initial run.

·                     Polyethylene film segment accounted for a significantly large revenue share in 2020 as it is one of the most common plastic films produced and used globally. Polyethylene films are provided in rolls that are lightweight, and offer durability and excellent tape adhesion. The material is used as a protective barrier in pest control, concrete and mortar, waterproofing, exterminating, painting, and renovation applications.

·                     Low-density Polyethylene (LDPE) segment accounted for a significantly large revenue share in 2020. LDPE is resistant to impact, moisture, and chemicals. Most stock poly bags used to wrap a wide variety of products are made from low-density polyethylene. Flat poly bags, ziplock bags, and poly tubing are also made from LDPE. High demand for LDPE from various sectors is driving revenue growth of this segment to a significant extent.

·                     Polyethylene films or sheets play a major role in construction applications and are used to protect structures from water seepage. It is also used in flooring, vapor retarders, counter-top protection, window films, and in roofing. These sheets can be used to cover building materials, seal off rooms, and is used in lead abatement projects. HDPE plastic sheeting is also used to protect ground water from toxic chemicals during oil drilling or landfills.

·                     Europe accounted for a significantly large revenue share in 2020 due to increase in demand from the automotive industry in the region. Use of polyethylene in vehicles for its corrosion inhibition, low density, electric insulation, and excellent heat resistance is driving growth of the market. The region is registering high demand for polyethylene for packaging of beauty and skin care products, but stringent government regulations to curb usage of single-use plastic is a key factor hampering market growth.

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Film Polyethylene Market Segmentation

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Resin
• Film

Product Density Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• High-Density Polyethylene (HDPE)
• Medium-Density Polyethylene (MDPE)
• Low-Density Polyethylene (LDPE)
• Others

Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Pipe Extrusion
• Blow Molding
• Injection Molding
• Films and Sheets Extrusion
• Others

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Transportation
• Packaging
• Construction
  • Flooring
  • Roofing
  • Wall
  • Pipes
  • Windows
  • Others
• Electrical & Electronics
  • Washing Machines
  • Microwave Ovens
  • Computers
  • Others
• Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Film Polyethylene Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Film Polyethylene Market.

The global Film Polyethylene Market is segmented into:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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