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The polyethylene packaging market share is expected to increase by 14132.89 thousand tons from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.65%. This polyethylene packaging market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The polyethylene packaging market report also offers information on several market vendors, including Alpha Group, Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, DS Smith Plc, FKuR Kunststoff GmbH, Huhtamaki Oyj, Sealed Air Corp., and Sonoco Products Co., among others. Furthermore, this report extensively covers market segmentation by type (HDPE and LDPE) and geography (APAC, North America, Europe, South America, and MEA).
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Based on our research output, there has been a positive impact on the market growth during and post the COVID-19 era. The growing demand for high-density polyethylene bottles is notably driving the polyethylene packaging market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the polyethylene packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Polyethylene Packaging Market Driver
High-density polyethylene (HDPE) is one of the most widely used resins for manufacturing plastic bottles. It is economical, impact-resistant, and provides a good moisture barrier. HDPE is naturally translucent and flexible, and any addition of color makes it opaque (although not glossy). One of the major advantages of high-density polyethylene over other plastic packaging types is its ability to be recycled. The high recycling capabilities of HDPE packaging products make the resin attractive for the manufacture of many plastic products used in the packaging industry. The demand for HDPE bottles from packaged bottled products like milk and juices will support the global polyethylene packaging market share growth during the forecast period.
Key Polyethylene Packaging Market Challenge
Metal containers are mainly made of steel, aluminum, and tin. The tin prices are expected to increase due to its growing use in electric vehicles, robotics, and renewable energy. Glass containers are made from raw materials such as sand, soda ash, and limestone. Plastics are made from hydrocarbon derived from crude oil. Hence, the cost of plastic resins depends on crude oil prices. The cost of the raw materials used in the production of metal, glass, and plastic containers depends on various factors such as changing government policies, production cost, currency fluctuations, changing economic conditions, and resource availability. Hence, uncertainty in raw material prices is expected during the forecast period. The volatile nature of raw material prices, along with packing material, freight, workforce, and electricity costs, will impede polyethylene packaging market growth in the coming years.
This polyethylene packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the polyethylene packaging market encompasses successful business strategies deployed by the key vendors. The polyethylene packaging market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The polyethylene packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type by Volume
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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