Increased application of PE based products in packaging, building and construction sectors to be the latest trend observed in the global PE resins market
HDPE Pipes are now being preferred over PVC pipes for supplying of fresh water to residential areas and farms. HDPE does not have any long term hazardous effects unlike PVC. Apart from fresh water supply application, HDPE plastic is also used for gas/compressed air system, hydro-transport systems, chemicals & edibles transport, and effluent & waste water disposal systems. The trend for over wrapping of palletized goods is also gaining traction, attributed to the ability of minimizing the pilferage of packed goods. Shipping and logistics industry is replacing polyester straps with LLDPE films due to their high efficiency, as it is more flexible and stretchable. Demand of LLDPE films is growing rapidly in export oriented countries such as U.S, Germany, France, Spain, Mexico and Italy. To gain competitive advantage and minimizing loss, packaging manufactures are focusing on increasing the shelf life of the packed products. The demand for LDPE films have significantly increased over the last decade owing to its high barrier properties and increasing trend for flexible packaging. Use of PE resins is also mushrooming with a view to meet the demand of PE polymer across various industries.
An insightful research report on global PE resins market skilfully devised by analysts has been added to the Future Market Insights research repository, which says that the global market is anticipated to show steady growth rate during the assessment period 2017-2027. The global PE resins market is poised to register a CAGR of 3.5% during this period to reflect a market evaluation of a little more than US$ 181 Bn by the end of 2027 from an estimation of around US$ 128 Bn in 2017. Few of the factors contributing to the growth of the PE resins market include rapidly changing consumer lifestyle, rising demand for PE resins in packaging sector and building cross border trade boosting the demand for LLDPE film resins. The global PE resins market is expected to have a largely positive outlook, over the forecast period, with emerging economies such as China and India projected to register high CAGRs over the next 10 years
Increasing demand for PE resins in the packaging sector is one of the main reasons for growth of the global market
The packaging sector is expected to showcase higher inclination towards the use of PE resins. This sector is highly lucrative for the growth of the global PE resins market. Packaging segment is anticipated to be the largest in terms of market share and is projected to grow at a significant CAGR during the period of forecast. The segment is estimated to reach a high valuation of above US$ 73 Bn by the end of the year of assessment (2027) from a value of around US$ 52 Bn in 2017.
Rigidity and flexibility to contribute to the growth of the global market
Rigid packaging and flexible packaging are two sub categories of the packaging segment. The rigid packaging sub segment is estimated to be the lead the market with a high market value. In 2017, this segment reflected a market value of around US$ 41 Bn and is likely to dominate the global market by the end of the assessment year. The flexible packaging sub segment is poised to register a higher CAGR throughout the period of forecast, thus contributing to the growth of the parent market.
The comprehensive market research report titled “PE Resins Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” provides in-depth analysis of all major segments which have influence over the global market. To give a brief layout of the segments involved it covers resin type, end use and region. The global market is assessed across important regions of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Latin America and Middle East and Africa.
By Resin Type
By End Use
The research report on global PE resins market promises value addition with respect to pricing intelligence, product portfolio analysis of various key players, distribution channel analysis, regional analysis covering global landscape, key trends and developments along with a SWOT (strengths, opportunities, weakness and threats). The research findings also give insights on the future scenario of the market based on the present landscape and the past scenario. The research insights help in taking informed decisions with which the next step can be analysed and can be actioned at the right time.
Research methodology to acquire relevant insights
Weighted analysis is essential to understand each segment with respect to each region and sub region. To get a holistic view of the global PE resins market, the analysis carried out must be at par with the actual market value, which is possible with the help of a strong research process followed at Future Market Insights. The research methodology followed here works on two main concepts – re- validation and re-evaluation. The initial data collected with the help of secondary research gives a direction for the further research to be carried out. An overview of the market is first achieved. Simultaneously, several primary interviews are carried out and these interviews are conducted in different regions involved in the market study. The more the number of interviews more would be the accuracy level. A triangulation process ensures that the data collected from these sources are in sink and will represent an actual accurate estimation of the global PE resins market.
A separate section of this research report focuses on the key players involved in the PE resins market. The competitive dashboard reflects the revenues of the companies, their market shares, growth rates, etc. The product portfolios, innovations, key trends followed, tactics and strategies used to gain advantage, mergers and acquisitions, expansions, geographical spread, etc., of the key players are included in the competitive scenario section. This section is included in the report in order to give the reader an idea of how to formulate marketing strategies or penetration strategies based on the correlation between the key companies and their tactics and the economic aspects which have a major influence over the market.
The research report on PE resins market portrays an unbiased holistic view of the global market. The statistical data and analysis are highly accurate giving a realistic touch to the global market scenario. The research report also covers in-depth analysis on various segments and sub segments of the global PE resins market. It can be used to slate future tactics and make key decisions with a view to attain stability and growth in the changing dynamics of the PE resins market.