Polyethylene Market Forecasts to 2028 - Global Analysis By Type (LDPE (Low Density Polyethylene), MDPE (Medium Density Polyethylene) and HDPE (High Density Polyethylene)), Technology (Blow Molding, Injection Molding, Films & Sheet extrusion, Pipe Extrusion and Other Technologies), Application (Films & Sheets, Bottles, Household Items and Other Applications), End User and By Geography
Estimated Year Value (2022)
US $108.74 BN
Projected Year Value (2028)
US $155.12 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Polyethylene Market is accounted for $108.74 billion in 2022 and is expected to reach $155.12 billion by 2028 growing at a CAGR of 6.1% during the forecast period. Polyethylene, generated from natural gas and crude oil, is the world's most widely used plastic. Plastic is widely employed in a variety of processing industries, including automotive, pharmaceutical, packaging, and electronics. It is regarded as a possible source of high-strength, chemical-resistant material that is flexible, low in moisture absorption, and waterproof. It is the most frequently used plastic in the world, being a member of the polyolefin resin family. Polyethylene is used to make products such as food wrappers and shopping bags, detergent bottles, and car fuel tanks.
According to the United States Environmental Protection Agency (EPA), approximately 14.5 million tons of packaging and plastic containers were manufactured in 2018.
Rising demand from various end users
PE demand is growing in a variety of industries, including automotive, electrical and electronics, food and beverage, and consumer goods. Its properties, including as high stiffness, make it appropriate for industrial applications, primarily packing automotive and electrical replacement parts. Manufacturers in the automobile sector are focusing on boosting vehicle economy by reducing vehicle weight. PE is preferred because it is light and has good process ability, sealing, and stiffness qualities.
Availability of substitutes including PU and PET products
The availability of replacement goods, such as polypropylene and Polyethylene Terephthalate (PET), provides a threat to the market's growth. These polymers have qualities similar to PE, such as impact resistance, chemical resistance, flexibility, moldability, and low cost, which is predicted to limit market expansion. Furthermore, variable raw material costs may have a detrimental impact on market growth by influencing the cost structure of the final product, hence limiting market expansion.
Increasing number of developing strategies by the market players
The polyethylene market is fragmented, with multiple market participants. The key market players are continually pursuing a number of development strategies in order to obtain a competitive advantage, gain market share, and capitalise on market possibilities. Furthermore, the development of new products and technological advancements are adding to market revenue growth and expanding advantageous chances for the growth of the polyethylene market.
Harmful effect on the environment
As polyethylene enters the soil, it degrades the quality and fertility of the soil by releasing poisonous compounds, which is extremely damaging to the ecosystem. These significant market restraints will slow the market's growth pace. Polyethylene is one of the most often produced pollutants on the planet, and it considerably pollutes the oceans and land. The majority of polyethylene-based plastic bag garbage is tossed into the ocean, killing an estimated 100,000 marine species each year. The key challenge for market competitors during the forecast period is expected to be government policies and measures to safeguard the environment from these wastes.
The COVID-19 pandemic, PE supply got affected as the demand from industries, such as automotive, electrical & electronics, and consumer goods, has declined. Crude oil prices were reduced due to collapse in demand and excess supply. This resulted in PE price decline and affected the market growth. Additionally, decreasing production activities in various industries and increasing restrictions due to lockdown globally reduced the rate of operations. However, polyethylene is set to experience high demand from healthcare and packaging industries. The increasing demand for single-use plastic products, Personal Protective Equipment (PPE), sampling containers, curtains, and saline bottles will propel the polyethylene market growth.
The LDPE (Low Density Polyethylene) segment is expected to be the largest during the forecast period
The LDPE (Low Density Polyethylene) segment is estimated to have a lucrative growth. They are widely utilised in a variety of goods, including blown and cast film, extrusion and coating, and rotational and injection moulding. They are also commonly used in the production of containers, dispensing bottles, tubing, plastic bags for computer components, and various moulded laboratory equipment. Due to its chemical resistance, flexibility, and softness, LDPE is mostly utilised for packaging. It is mostly used in the food industry for packaging. The growing demand for lightweight packaging in electronics, healthcare, and food and drinks is driving up market demand for LDPE.
The packaging segment is expected to have the highest CAGR during the forecast period
The packaging segment is anticipated to witness the fastest CAGR growth during the forecast period. This is simply due to the rising use of polyethylene in the packaging sector for packing a wider range of commodities around the world. PET, which is manufactured from polyethylene, provides a moisture resistant and protective structure to items, making it a highly sought-after material in the packaging business. Rising demand for consumer electronics, food and drinks, automotive vehicles, and the increasing prevalence of e-commerce platforms globally are projected to boost the expansion of the polyethylene market in the near future.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to the region's leading consuming countries such as China and India. Its increasing demand from industries such as packaging and infrastructure and construction, combined with fast industrialization, is driving market expansion in this country. China had the biggest revenue share in the Asia Pacific, owing to lower human expenses and government help. China has emerged as a prominent production and export base for more cost-effective plastic items. These are the primary reasons driving the growth of this region in the market during the forecast period.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, due to the increased demand in the automobile industry in this region. Because of its corrosion resistance, low density, electric insulation, and excellent heat resistance, polyethylene is being used in autos, which is driving market expansion in this region. PE is the most often used polymer in Europe due to its features such as electrical insulation, corrosion inhibition, strong heat resistance, and low density.
Key players in the market
Some of the key players profiled in the Polyethylene Market include Beaulieu International Group, Reliance Industries Limited, China International Petroleum Corporation, MOL Group, DowDuPont, Chevron Phillips Chemical Company, Formosa Plastic Group, SABIC, Ducor Petrochemicals, INEOS, Borouge, Sasol Ltd., Repsol and Braskem.
In August 2021, Braskem launched HD1954M, a high-density PE, which provides a combination of excellent impact strength, high rigidity, and Environmental Stress Cracking (ESCR), rendering packaging optimization and productivity gains. This launch will help the company to meet the demands from the agrochemical and chemical markets.
In December 2020, INEOS acquired the remaining 50% interest in the Gemini HDPE joint venture from Sasol Chemicals. The acquisition increased the group’s interest in Gemini to 100%.
In September 2020, INEOS Olefins & Polymers Europe announced the expansion of the Recycl-IN range of products. Through this partnership, INEOS Olefins & Polymers can develop high-performance polyethylene Recycl-IN resins, which meet the needs of converters, brand owners, and retailers in using more than 60% recycled plastics in demanding applications, such as stretch and lamination films, particularly used in flexible pouches for personal care product and detergents.
In June 2020, Thong Guan and Dow Chemicals collaborated to launch a bio-based polyethylene product series. The PE film will be targeted to meet the increasing demand for plastic films in Asia Pacific.
• LDPE (Low Density Polyethylene)
• MDPE (Medium Density Polyethylene)
• HDPE (High Density Polyethylene)
• Blow Molding
• Injection Molding
• Films & Sheet extrusion
• Pipe Extrusion
• Other Technologies
• Films & Sheets
• Household Items
• Wires & Cables
• Medical Equipment
• Extrusion Coatings
• Other Applications
End Users Covered:
• Consumer Goods
• Aerospace & Defence
• Food & Beverage
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Polyethylene Market, By Type
5.2 LDPE (Low Density Polyethylene)
5.3 MDPE (Medium Density Polyethylene)
5.4 HDPE (High Density Polyethylene)
6 Global Polyethylene Market, By Technology
6.2 Blow Molding
6.3 Injection Molding
6.4 Films & Sheet extrusion
6.5 Pipe Extrusion
6.6 Other Technologies
7 Global Polyethylene Market, By Application
7.2 Films & Sheets
7.4 Household Items
7.5 Wires & Cables
7.6 Medical Equipment
7.7 Extrusion Coatings
7.8 Other Applications
8 Global Polyethylene Market, By End User
8.5 Consumer Goods
8.7 Aerospace & Defence
8.10 Food & Beverage
8.12 Other End Users
9 Global Polyethylene Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Beaulieu International Group
11.2 Reliance Industries Limited
11.3 China International Petroleum Corporation
11.4 MOL Group
11.6 Chevron Phillips Chemical Company
11.7 Formosa Plastic Group
11.9 Ducor Petrochemicals
11.12 Sasol Ltd.
List of Tables
1 Global Polyethylene Market Outlook, By Region (2020-2028) ($MN)
2 Global Polyethylene Market Outlook, By Type (2020-2028) ($MN)
3 Global Polyethylene Market Outlook, By LDPE (Low Density Polyethylene) (2020-2028) ($MN)
4 Global Polyethylene Market Outlook, By MDPE (Medium Density Polyethylene) (2020-2028) ($MN)
5 Global Polyethylene Market Outlook, By HDPE (High Density Polyethylene) (2020-2028) ($MN)
6 Global Polyethylene Market Outlook, By Technology (2020-2028) ($MN)
7 Global Polyethylene Market Outlook, By Blow Molding (2020-2028) ($MN)
8 Global Polyethylene Market Outlook, By Injection Molding (2020-2028) ($MN)
9 Global Polyethylene Market Outlook, By Films & Sheet extrusion (2020-2028) ($MN)
10 Global Polyethylene Market Outlook, By Pipe Extrusion (2020-2028) ($MN)
11 Global Polyethylene Market Outlook, By Other Technologies (2020-2028) ($MN)
12 Global Polyethylene Market Outlook, By Application (2020-2028) ($MN)
13 Global Polyethylene Market Outlook, By Films & Sheets (2020-2028) ($MN)
14 Global Polyethylene Market Outlook, By Bottles (2020-2028) ($MN)
15 Global Polyethylene Market Outlook, By Household Items (2020-2028) ($MN)
16 Global Polyethylene Market Outlook, By Wires & Cables (2020-2028) ($MN)
17 Global Polyethylene Market Outlook, By Medical Equipment (2020-2028) ($MN)
18 Global Polyethylene Market Outlook, By Extrusion Coatings (2020-2028) ($MN)
19 Global Polyethylene Market Outlook, By Other Applications (2020-2028) ($MN)
20 Global Polyethylene Market Outlook, By End User (2020-2028) ($MN)
21 Global Polyethylene Market Outlook, By Packaging (2020-2028) ($MN)
22 Global Polyethylene Market Outlook, By Electronics (2020-2028) ($MN)
23 Global Polyethylene Market Outlook, By Healthcare (2020-2028) ($MN)
24 Global Polyethylene Market Outlook, By Consumer Goods (2020-2028) ($MN)
25 Global Polyethylene Market Outlook, By Agriculture (2020-2028) ($MN)
26 Global Polyethylene Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
27 Global Polyethylene Market Outlook, By Automotive (2020-2028) ($MN)
28 Global Polyethylene Market Outlook, By Chemical (2020-2028) ($MN)
29 Global Polyethylene Market Outlook, By Food & Beverage (2020-2028) ($MN)
30 Global Polyethylene Market Outlook, By Textile (2020-2028) ($MN)
31 Global Polyethylene Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Frequently Asked Questions
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: email@example.com or phone: +1-301-202-5929
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at firstname.lastname@example.org or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.