Polyethylene Market - Forecast(2021 - 2026)

Polyethylene Market size is forecast to reach $144.17 billion by 2025, after growing at a CAGR of 4.17% during 2020-2025. Polyethylene are mainly used in the sports, apparel, and toy industries which has emergence growing trend due to various factors such as strength and durability in packaging. Polyethylene has major demand from vertical industries and along with to the rising environmental concerns and stricter government regulations, a rise in the usage of bio-degradable polyethylene will overall increase the growth of the Polyethylene industry over the forecast period.

Report Coverage

The report “Polyethylene Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyethylene Market.
By Type: High Density Polyethylene (HDPE), Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), and Others
By Application: High Density Polyethylene (HDPE) (Films & Sheets, Pipes, Injection Moulding, Blow Moulding, and Others), Linear Low Density Polyethylene (LLDPE)/Low Density Polyethylene (LDPE) (Films & Sheets, Blow Moulding, Extrusion Coatings, Wires & Cables, and Others), and Others
By End Use: Packaging Industry (Food Packaging, Beverage Packaging, and Others), Transportation Industry (Automotive and Others), Electrical & Electronics Industry, Building & Construction, Agriculture Industry, Health and Hygiene (Baby Care Products, Feminine Care Products, Medical Disposals, Medical Equipment and Devices, Wipes, and Others), and Others
By Geography: NorthAmerica, South America,Europe,Asia-Pacific (APAC), and Rest of World (Row).


Key Takeaways

  • Owing to the low cost and good flexibility, Low Density Polyethylene (LDPE) is used in packaging industry for pharmaceutical and squeeze bottles, caps and closures, liners, trash bags, films for food packaging (frozen, dry goods), laminations, and more, which will raise the demand for Polyethylene Market in the forecast period. 
  • The development of new technologies and additives for polyethylene manufacture is expected to improve performance and open new market avenues for polyethylene over the forecast period.
  • Despite the fact that plastics are very useful in everyday life, the toxic chemicals used in the production need to be thoroughly monitored so as to ensure environmental and health safety. Reducing community's exposure to toxicants from plastic wastes will increase the chances of having a clean environment and healthy society.
  • Due to the outbreak of COVID-19 palindromethe application industries of polyethylene has been impacted. The temporarily shutdown of manufacturing industries and other industrial activities has hindered the demand and supply chain of polyethylene.


Polyethylene Market Segment Analysis - By Type

High Density Polyethylene (HDPE) type segment held the largest share in the Polyethylene Market in 2019. High Density Polyethylene (HDPE) is a cost-effective thermoplastic with linear structure and no or low degree of branching. 

High Density Polyethylene is used in several packaging applications due to its impact strength including crates, trays, bottles for milk and fruit juices, caps for food packaging, jerry cans, drums, industrial bulk containers and more. Also, due to its high tensile strength, HDPE is widely used in ropes, fishing and sport nets, nets for agricultural use, Industrial and decorative fabrics, and more. Other applications of HDPE include pipes and fittings (pipes for gas, water, sewage, drainage, sea outfalls, industrial application, cable protection, steel pipe coating, large inspection chambers and manholes for pipe sewage).According to Open Government Data (OGD) Platform India, the total export of high density polyethylene (HDPE) in India increased from 1,48,142 metric tonne in 2016-17 to 2,05,797 metric tonne in 2017-18, which further increased to 4,57,416 metric tonne in 2018-19.Thus, owing to its extensive characteristics the demand for high density polyethylene is increasing in various end-use industries, which is expected to drive the market growth during the forecast period.


Polyethylene Market Segment Analysis - By Application

Films & Sheets are extensively used in the Polyethylene Market. High Density Polyethylene (HDPE) film and sheet has proved to be a boon for countries by playing an important role to prevent the air and groundwater pollution. HDPE pipe grade sheet has a higher molecular weight compared to the standard HDPE used in the packing applications for products such as frozen food, electronics and more. This strengthening with its UV-resistance makes it ideal for piping and outdoor applications.

 HDPE films and sheets are gaining popularity over PVC due to its extensive characteristics such as cost-effectiveness, withstanding temperature from -148 to 176 degrees Fahrenheit, non-leaching, UV-resistance, dishwasher safe, resistant to most chemical solvents, and more. Owing to these extensive properties of films and sheets, they are being preferred over other materials such as PVC, which is driving the global polyethylene market growth during the forecast period. Due to the COVID-19 pandemic entire nation have gone under lockdown, owing to which all the manufacturing activities are stopped until the pandemic. No new orders can be taken over neither the existing order production could be completed due to which the demand for films and sheets have been affected, which is limiting the global polyethylene market growth.


Polyethylene Market Segment Analysis - By End Use

Packaging Sector held the largest share in the Polyethylene Market in 2019 and is expected to rise at a CAGR of 4.25% in terms of revenue during the forecast period from 2020-2025. The packaging industry is a vast ecosystem that covers everything related to the major food and beverage packaging. Demand for flexible Packaging is growing due to its convenient shape, ease of use, resealable properties, lightweight, and lower environmental impact. Use of flexible packaging in vegetables and ready to eat food products fuels the market growth. Also, the use of rigid and semi-rigid packaging extends the life of the food products through outstanding protection from heat and other external factors. Furthermore, increasing e-commerce business across the globe is also augmenting the demand for the packaging market. According to Flexible Packaging Association (FPA), Flexible Packaging is the second largest packaging segment in the U.S., garnering about 19 percent of the $170 billion U.S. packaging market as of June 2019 and largest market for flexible packaging is food (retail and institutional), accounting for about 59 percent of shipments.


Polyethylene Market Segment Analysis - By Geography

Asia-Pacific (APAC) dominated the Polyethylene Market with a share of 45% in terms of revenue in 2019 and is projected to dominate the market during the forecast period (2020-2025).Polyethylene (PE) has always been one of the major polymers used in India, China, South Korea and the world at large. Its application spans multiple industries, including automotive, plastic and packaging, construction, electrical and electronics, consumer goods, among others.According to the Trade map (ITC) India is around the top 20 largest exporter of polyethylene in 2019, exporting 538,301 tones in the year. Also, South Korea is the 6th largest exporter of polyethylene around the world.


The country has exported 1,288,454 tons of polyethylene and generated $1,427,928 thousands in terms of value. Increasing demand for HDPE pipes in agricultural and manufacturing sector will enhance the overall market growth for polyethylene market. Also, the continuation of economic and demographic trends, further healthcare reforms and policies articulated by government influence on the growth of polyethylene market in various countries. China is one of the attractive and fastest growing among the emerging markets. Manufacturing is by far the biggest industry in China accounting for 46.8% of the country’s GDP in 2019 which is attributed to China’s intense investment in its heavy industries. The total manufacturing output in China is equivalent to 19.8% of the total global production. Thus, growing development in various end use industries in this region will further drive the market for Polyethylene Market in the forecast period.

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Location: United States

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