Food Packaging Segment is the Fastest-Growing Segment of the Global LDPE Market

Date: 2015-08-15

“The global LDPE market is estimated to grow at a CAGR of 3.8% from 2014 to 2019.  The Asia-Pacific region holds the largest share of the global LDPE market as of 2014 and is expected to grow at the fastest CAGR of around 6% during the forecast period, 2014 to 2019. 

In this report, the LDPE market has been broadly classified on the basis of application and geography. The application segment is divided into food packaging, pharmaceuticals packaging, consumer goods packaging, industrial packaging, agriculture, construction, medical, other packaging, and others non-packaging. On the basis of geography, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). 

The food packaging segment is the fastest-growing segment of the global LDPE market, among applications, projected to grow at a CAGR of nearly 3% from 2014 to 2019. Factors such as the growing demand in the manufacturing, automotive, food packaging, textiles, and adhesive industries are expected to drive the growth of the global LDPE market in the coming years. 

The LDPE market is a competitive market with a number of market players. As of 2014, are Sealed Air Corporation (U.S.), Amcor Limited (Australia), Bemis Company (U.S.), Jindal Polyfilms Limited (India), Toyobo Co. Limited (Japan), AEP Industries Inc. (U.S.), Berry Plastics Group Inc. (U.S.), Saudi Basic Industries Corp. (Saudi Arab), and Toray Industries Inc. (Japan), among others, are the key players operating in the global LDPE market. New product launches, partnerships, agreements, collaborations, and joint ventures are among the major strategies adopted by most market players to achieve growth in the LDPE market.

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