Report Ocean has recently added a report, titled “Europe LDPE and LLDPE Market by Type [Low-Density Polyethylene (LDPE) and Linear Low-Density Polyethylene (LLDPE)], and End-use Industry (Packaging, Agriculture, Construction, Geomembranes, and Others): Opportunity Analysis and Industry Forecast, 2020–2027 to its vast repository of research studies.”
According to the study, the rise in the packaging industry, thanks to the increasing consumption of packaged food and beverages and the emergence of e-commerce, is the main factor behind the growth of the Europe LDPE and LLDPE market. In 2019, the market stood at US$10.4 bn. Expanding at a CAGR of 6.10% during the period from 2020 to 2027, the market is likely to reach US$16.8 bn by the end of the forecast period.
On the flip side, the availability of substitutes such as high density poly ethylene (HDPE) and polypropylene (PP), rapid uptake of biodegradable alternatives, and the proposed ban on single-use plastics by 2025 in Europe may hamper the growth of this market during the forecast period. However, the increasing focus of manufacturers towards the development of LDPE or LLDPE resins that do not lose its original properties after recycling, is likely to support the growth of the Europe LDPE and LLDPE market over the next few years, states the research study.
Impact of Covid 19 on Europe LDPE and LLDPE Market
The Coronavirus pandemic has impacted the Europe LDPE and LLDPE market significantly. Since the lockdown, imposed in various countries, restricted movements, a number of end-use industries has been hampered, which has reflected negatively on this market. Especially, the slowdown in the food and beverage sector has affected the demand for LDPE and LLDPE-based food packaging products, which is limiting the growth of this market substantially.
Demand from Packaging Industry Boosts Market’s Growth
In this study, the Europe LDPE and LLDPE market has been assessed on the basis of the type, end-use industry, and the country. On the basis of the type, the market has been classified into low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE). The demand for LDPE is higher at present; however, the LLDPE segment is likely to gain momentum in the near future. Based on the end-use industry, the market has been categorized into packaging, agriculture, construction, geo-membranes, and several other industries. Among these, the packaging industry has been reporting a greater demand for LDPE and LLDPE across Europe.
In terms of the country, Germany, France, Italy, Spain, the UK, Romania, Bulgaria, Hungary, Slovakia, Slovenia, Czech Republic, Austria, Poland, and the Rest of Europe have been considered as the key markets for LDPE and LLDPE across this region in this report.
Major manufacturers studied and profiled in the report are Agriplast SpA, Braskem S.A., Chevron Corporation, Dow Inc., Exxon Mobil Corporation, Flex Polymers, Ineos Group Holdings S.A., LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Holdings, and Nova Chemicals Corporation.
- The demand for LDPE is higher at present; however, the LLDPE segment is likely to gain momentum in the near future.
- The packaging industry has been reporting a greater demand for LDPE and LLDPE across Europe.
The Europe LDPE and LLDPE market is segmented into:
- Low-Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
By End-use Industry
- Czech Republic
- Rest of Europe
Companies Mentioned in the Report
- Agriplast SpA
- Braskem S.A.
- Chevron Corp.
- Dow Inc.
- Exxon Mobil Corp.
- Flex Polymers
- Ineos Group Holdings S.A.
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Holdings
- Nova Chemicals Corp.
Company Name: Report Ocean
Contact Person: Nishi Sharma
Email: Send Email
Address:BSI Business Park,H-15, Sector-63, Noida
State: UP, 201301