Flexible Packaging Is Fastest Growing Segment Fueling The Growth Of Low-Density Polyethylene Market
The global Low-Density Polyethylene Market is estimated to be valued at US$ 47.08 Bn or Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Low-Density Polyethylene is a thermoplastic made from petroleum. It is used to make plastic shopping bags, plastic bottles, plastic films and wraps. LDPE has high flexibility, low strength and is used for applications requiring viscosity, softness and elasticity. Market key trends : One of the key trends in the Low-Density Polyethylene Market is the growing demand from flexible packaging. Flexible plastic packaging made using LDPE is lightweight, easy to seal and inexpensive. It is widely used for packaging food, beverages, personal and home care products. The increasing demand for flexible packaging from e-commerce and food and beverages industries is expected to drive the growth of the LDPE market over the for...