by The polyethylene market size is predicted to reach USD 151.85 billion by 2030 and is expected to register a CAGR of 3.2% from 2022 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents a breakdown of the market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift in global, regional, and country from 2017 to 2030.
The global polyethylene market is expected to grow due to the growing applications of the polyethylene across various end use verticals such as automotive, construction, agriculture, and consumer goods. The polyethylene market has witnessed a significant growth owing to the huge demand in the packaging industry. The light-weight, higher tensile strength, higher chemical resistance, higher temperature resistance, and low cost are the several important features of the polyethylene that makes it the most demanded material for the packaging across the globe.
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The outbreak of the COVID-19 disease and the subsequent lockdown measures adopted by the government has significantly boosted the demand and adoption of the polyethylene products in the e-commerce industry. The online retailers significantly adopted the polyethylene products for the packaging of various consumer goods and food and beverages products that serves ease in transportation. Therefore, the rising demand for the polyethylene products in the e-commerce industry is expected to exponentially drive the market growth during the forecast period.
Table of Contents
Scope of The Polyethylene Market
| Report Coverage | Details |
| Market Size | USD 111.8 Billion |
| Growth Rate From 2021 to 2030 | CAGR of 3.2% |
| Revenue Projection By 2030 | USD 151.85 Billion |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application, Region |
Market Dynamics
Driver
The growing demand for the bio-based polyethylene products
The globe is moving towards achieving sustainability by reducing carbon footprints. The growing initiatives of the various corporates and governments in different countries is significantly driving the demands for the bio-based polyethylene products. Moreover, the market players are shifting their focus on the development and manufacturing of bio-based polyethylene. For instance, in July 2020, Dow Chemicals and Thong Guan partnered to manufacture bio-based polyethylene products that targeted to serve the Asia Pacific region’s rapidly growing demand for the polyethylene. The bio-based polyethylene contains carbon elements that are renewable. Therefore, the bio-based polyethylene products are expected to gain rapid traction across the globe and will significantly contribute towards the market growth.
Restraints
Growing consciousness among the consumers regarding the negative effects of polyethylene on environment
The polyethylene is extremely harmful to the environment. Moreover, governments in various countries have banned the use of plastic bags. Polyethylene gets into the soil and deteriorate the soil quality and fertility by releasing toxic chemicals. Moreover, sometimes the animals accidentally eats the plastic wastes and die due to choking. Therefore, the growing awareness and consciousness among the consumers especially in the developed regions may hamper the growth of the polyethylene market during the forecast period.
Opportunities
Rising number of developmental strategies by the players
The polyethylene market is fragmented with the presence of numerous market players. The players are constantly engaged into a number of developmental strategies in order to exploit the market opportunities, gain competitive advantage, and gain market share. For instance, in May 2020, UPM Raflatac introduced its new line of Forest Film products, made from the post-consumer recycled plastics to be used in the packaging of products.
Challenges
Increasing health awareness and environmental protection activities across the globe
The plastic production across the globe was estimated at approximately 380 million tons in 2018. Plastics are the most generated wastes across the globe that significantly pollutes land and oceans. Most of the plastic bag wastes gets dumped into the ocean that kills around 100,000 marine animals every year. The government initiatives to protect the environment from plastic wastes are expected to be the major challenge for the market players in the upcoming years.
Read Also: Biomarkers Market Size to Hit US$ 207.4 Bn by 2030
Report Highlights
- Based on the type, the HDPE segment dominated the market in 2020. This is attributed to the increased usage of the HDPE in the packaging industry owing to the low production cost, higher temperature resistance, and higher density and strength of the HDPE. The HDPE serves as a good protective structure that facilitates the packaging of goods and facilitates easy transit.
- Based on the application, the construction is estimated to be the most opportunistic segment during the forecast period. The growing number of real estate projects in the developing nations and growing usage of the polyethylene for protecting the construction equipment and materials from moisture and water is expected to drive the growth of the market during the forecast period.
Regional Snapshot
Asia Pacific region is the dominating and the fastest-growing market for polyethylene. The presence of huge consumer base for numerous industries and the rapid industrialization and rapid urbanization of the region is fueling the market growth. Moreover, the rapidly growing real estate sector is triggering the growth of the construction activities in the region. Therefore, the growing demand for the polyethylene in the construction industry in the various developing countries such as China and India is expected to foster the growth of the market.
Moreover, the rising penetration of internet along with the growing adoption of the smartphones and other digital devices is fueling the growth of the e-commerce platforms in the region. The e-commerce industry is among the top consumer of the polyethylene as it serves as a protective packaging material that facilitates easy transportation of various products. Moreover, the rapidly growing demand for the healthcare and the pharmaceutical products is further driving the consumption of the polyethylene in the Asia Pacific region.
Some of the prominent players in the global polyethylene market include:
- The Dow Chemical Company
- Exxon Mobil Corporation
- LyondellBasell Industries N.V.
- SABIC
- China Petrochemical Corporation
- Mitsubishi Chemical Corporation
- INEOS
- Borealis AG
- Chevron Phillips Chemical Co.
- SCG Chemical
Segments Covered in the Report
By Type
- HDPE
- LDPE
- LLDPE
By Application
- Packaging
- Consumer Goods
- Automotive
- Healthcare/Pharmaceuticals
- Electronics/Electrical
- Construction
- Agriculture
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Key Points Covered in polyethylene market Study:
- Growth of polyethylene in 2022
- Market Estimates and Forecasts (2017-2030)
- Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for polyethylene and How to Navigate
- Key Product Innovations and Regulatory Climate
- Consumption Analysis
- Production Analysis
- Market and Management
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Polyethylene Market
5.1. COVID-19 Landscape: Polyethylene Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Polyethylene Market, By Type
8.1. Polyethylene Market, by Type, 2021-2030
8.1.1. HDPE
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. LDPE
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. LLDPE
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Polyethylene Market, By Application
9.1. Polyethylene Market, by Application, 2021-2030
9.1.1. Packaging
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Consumer Goods
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Automotive
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Healthcare/Pharmaceuticals
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Electronics/Electrical
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Construction
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Agriculture
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Polyethylene Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. The Dow Chemical Company
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Exxon Mobil Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. LyondellBasell Industries N.V.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. SABIC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. China Petrochemical Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Mitsubishi Chemical Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. INEOS
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Borealis AG
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Chevron Phillips Chemical Co.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. SCG Chemical
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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