March 10, 2021 08:52 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, March 10, 2021 (GLOBE NEWSWIRE) - The global high-density polyethylene (HDPE) resin market is expected to gain momentum as their use in the global food packaging industry increases. They can provide a longer shelf life for food and reduce spoilage. This information was developed by Fortune Business Insights™ in a report entitled "High-density polyethylene (HDPE) resin market size, share and COVID-19 impact analysis, by application (film and sheet, injection molding, blow molding, pipe and profile) , Wires and cables, etc.), forecast by end-use industries (packaging, agriculture, building and construction, automotive, etc.) and regions, 2020-2027.” The study further mentioned that the HDPE resin market size in 2019 was US$52.389 billion. It is expected to reach US$68.297 billion by 2027, with a compound annual growth rate of 4.96% during the forecast period.
COVID-19 causes manpower shortage and slows growth in May
The emergence of the COVID-19 pandemic is disrupting the entire supply chain of many organizations. This has further led to a drop in oil prices and a shortage of manpower in the HDPE resin industry. However, governments are taking a number of measures to prevent the spread of the coronavirus. We are providing specially planned research reports to help you understand the current situation and take corresponding actions.
Get sample PDF manuals affected by COVID19:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/high density-polyethylene-hdpe-resins-market-103595
This report answers the following questions:
The list of leading companies introduced in the global HDPE resin market are:
Increasing the use of HDPE resins in the manufacture of sheets and films will promote growth
High-density polyethylene resins are used in the manufacture of sheets and films worldwide. These are further used to produce industrial liners, garbage bags, packaging materials and handbags. In addition, the increasing popularity of the Internet, food delivery services and online shopping platforms in global developing economies will affect the growth of the HDPE resin market in the near future. However, the availability of alternatives, such as polyethylene terephthalate (PET), may hinder growth.
The use of plastic bottles and tubes promotes the rapid growth of the packaging industry
According to the end-use industry, the market is segmented into automotive, construction and construction, agriculture, packaging, etc. Among them, due to the increasing number of materials used to manufacture corrosion-resistant pipes, plastic wood and plastic bottles, the packaging sector accounted for 47.30% of the HDPE resin market share in 2019. HDPE resin also has many beneficial properties, such as excellent chemical resistance, compressive strength and low temperature.
Consultation before purchasing this research report:
https://www.fortunebusinessinsights.com/enquiry/queries/high density-polyethylene-hdpe-resins-market-103595
High demand for packaging in various industries in North America is conducive to growth
From a geographical point of view, due to the existence of major consumer industries in the region, North America's revenue in 2019 was US$8.838.8 billion. In addition, the growing demand for packaging in various sectors such as chemicals, food and beverages, and healthcare is expected to contribute to the growth. On the other hand, the Asia-Pacific region will become the region with the fastest growth in production and consumption in the next few years. Most HDPE resin manufacturers are located in this region. With the support of increasingly fierce competition among manufacturers, Europe will show steady growth.
Major players focus on building new factories to increase production capacity
The global market includes several large, medium and small companies that are increasingly investing in the development of advanced factories to increase production capacity. In this way, they can not only meet the growing demand, but also consolidate their position.
Browse a summary of research insights containing a detailed catalog:
https://www.fortunebusinessinsights.com/high density-polyethylene-hdpe-resins-market-103595
Take a look at the relevant research insights:
External wall system market size, share and COVID-19 impact analysis, by material (vinyl, ceramic tile, gypsum board, glass board, EIFS, fiber cement, wood board, HPL board, masonry, etc.), type (ventilated facade), Curtain walls and non-ventilated facades), end-use (residential and non-residential) and regional forecasts, 2020-2027
Acetone market size, share, and COVID-19 impact analysis, by application (solvent, bisphenol A (BPA), methyl methacrylate (MMA) and others), by end use (paints and coatings, plastics, automotive, adhesives) Pharmaceuticals, pharmaceuticals, cosmetics, electrical and electronic products and others), and regional forecasts for 2020-2027
Analysis of the market size, share and COVID-19 impact of construction sound insulation panels, by product type (metal sound insulation panels, plastic sound insulation panels, wooden sound insulation panels, etc.), by application (residential, commercial and industrial) and regional forecasts, 2020-2027
Get your customized research report:
https://www.fortunebusinessinsights.com/enquiry/customization/high density-polyethylene-hdpe-resins-market-103595
Fortune Business Insights™ provides accurate data and innovative business analysis to help organizations of all sizes make appropriate decisions. We tailor innovative solutions for our customers to help them deal with various challenges in different businesses. Our goal is to provide them with comprehensive market intelligence and a detailed overview of the markets in which they operate.
Fortune Business Insight™ Pvt. Limited company
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
https://www.fortunebusinessinsights.com/press-release/global-high density-polyethylene-resins-market-10210