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MORE +HDPE market demand is increasing year by year
Published:
2020-12-31
We're used to drinking our coffee out of paper cups, but in the near future, you may be drawn to plastic coffee cups because BerryPlastics' Versalite fully recyclable PP will be turned into disposable
HDPE market demand is increasing year by year
We're used to drinking our coffee out of paper cups, but in the near future, you may be drawn to plastic coffee cups because BerryPlastics' Versalite fully recyclable PP will be turned into disposable plastic cups. In the future, plastics will undoubtedly continue to displace more materials in other markets in the packaging sector and in the HDPE market.
Globally, Lyondellbasell, Petrochina, Chevron Phillips, Dow Chemical and SABIC are currently the largest HDPE market producers. Over the next three years, the food and beverage packaging market will be the main driver of the global HDPE resin market. In addition, with the concept of plastic instead of steel heating up day by day, HDPE market in the field of construction applications will be further expanded.
In recent years, plastic packaging and plastic packaging products in the market share is growing. Common plastic packaging film includes PVA coated high barrier film, streaming polypropylene film, polyester film, low density polyethylene film, bidirectional tensile polypropylene film, etc. The appearance of plastic from the beginning is not used to the present can not do without, at present, the proportion of plastic packaging in the total output value of the packaging industry has exceeded 30%, become a new force in the packaging industry, in the new era of continuous development push, plastic is not only packaging, but also a trend, in the future will replace more materials.
Although access to recycled plastics is difficult and limited, if each side of the supply chain can communicate and work together, the packaging industry will surely improve the utilization rate of recycled plastics in 2014, which will be a win-win for both sides.
Move toward a higher goal. Packaging plays an important role in helping to solve the problem of food waste in a world where countless people go hungry. The plastic packaging market is gradually on the right track and has a promising development prospect. As the largest part of the plastic application field, its development speed is growing faster than other packaging materials such as cardboard and metal. In the future, I believe the market will grow even bigger.
The global HDPE market is set to break through the $74 billion mark to reach $74.5 billion in 2017, according to a new report from Lucintel, a leading market research firm. The Asia-Pacific region is expected to become the world's largest HDPE market in the next few years.
Demand for HDPE is increasing year by year as the global packaging, construction and other industries rebound strongly, the report said. The global HDPE market is expected to strengthen further during 2014-2017.
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