Globally, Lyondell Basel, China National Petroleum Corporation, Chevron Phillips, Dow Chemical and SABIC are currently the largest high-density polyethylene(HDPE) market producers. In the next few years, the food and beverage packaging market will become the main driving force to push up the global high-density polyethylene(HDPE) resin market. In addition, as the concept of replacing steel with plastic becomes increasingly fierce, the application scope of the high-density polyethylene(HDPE) market in the construction field will also be further expanded.
In recent years, plastic packaging and plastic packaging products have accounted for an increasing share of the market. The emergence of plastics is inseparable from being unaccustomed to the present. At present, the proportion of plastic packaging in the total output value of the packaging industry has exceeded 30%. It has become a new force in the packaging industry. Under the continuous development of the new era, plastics are not only packaging, but also a trend, it will replace more materials in the future.
Towards a higher goal. In the world, there are countless people suffering from hunger, but food waste is emerging one after another. Packaging plays an important role in helping to resolve this contradiction. The plastic packaging market is gradually on the right track, and the prospects for development are promising. As the largest piece of plastic applications, its development speed is growing day by day, and it has surpassed other packaging materials such as cardboard and metal. In the future, I believe the market will grow stronger. In recent years, with the improvement of people’s requirements for the living environment and the improvement of environmental protection awareness, plastics that can be recycled and degraded have become a new type of material and are being valued by people.
According to the latest report released by Lucintel, a well-known market research institution, the global high-density polyethylene(HDPE) market value exceeded the US$74 billion mark in 2017, reaching US$74.5 billion. In the next few years, the Asia-Pacific region is expected to become the world’s largest high-density polyethylene(HDPE) market.
The report pointed out that the demand for high-density polyethylene(HDPE) market is increasing year by year with the strong rebound of global packaging, construction and other industries. The global high-density polyethylene(HDPE) market trend is expected to strengthen further during 2017-2025.
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