HDPE Packaging Market to Rise at 2.8% CAGR during Forecast Period 2023-2030, Data By Contrive Datum Insights

2023-03-15 16:57:53 By : Mr. Ben Zhang

According to a market research study published by Contrive Datum Insights, In North America, the United States is the biggest market for HDPE packing, and Western and Eastern Europe are the largest markets for HDPE packaging in terms of income

Farmington, March 01, 2023 (GLOBE NEWSWIRE) -- The Global HDPE Packaging Market Is Expected To Grow From USD 74.0 Billion In 2022 To 2030 At A CAGR Of 2.8% During The Forecast Period. HDPE stands for "high density polyethylene." It is a material that is made from oil. It is often sold as a product in bags, boxes, bottles, vials, crates, cases, and films. Also, it can be soft or hard, based on what you need it for. HDPE packaging is also cheap, strong, stiff, immune to chemicals, easy to shape, and lasts a long time. Because of these benefits, it is the most common type of plastic and is in high demand in many companies. It can be used by the chemical, pharmaceutical, food and drink, and retail companies.

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The HDPE packaging market is growing quickly because many businesses need HDPE boxes and films. HDPE is better than LDPE and polypropylene because it is cheap, strong, and light. Both the medical goods business and the beverage business use HDPE bottles.

HDPE Packaging Market Recent Developments:

In October 2020, Berry Global launched a new Divinity HDPE 2-inch clamshell tube closure to match the tube for sustainable mono-substrate packaging. With this launch, the company will meet its sustainability goals for recyclability

In September 2020, Neopac launched the first recyclable PE-based monomaterial tube with an HDPE flap. Neotube is ideal for food, health & beauty and pharmaceutical packaging applications. The launch will help the company expand its product portfolio.

In September 2020, Berry Global Group, Inc. partnered with Bhoomi to launch a 100% sugarcane bottle of its cold-pressed sugarcane water elixir. Bhoomi bottles are widely recyclable and made from Braskem's I'm Green™ certified material. The launch will help both companies deliver environmental benefits, including significant reductions in greenhouse gas emissions, elimination of fossil fuel consumption and reduction in water consumption.

The HDPE packaging market is driven by the increasing demand for household products, the convenience of shipping and handling, and the recent technological developments that can be used to create innovative designs and aesthetics to attract consumers. Factors restraining the HDPE packaging market include potential for product contamination, availability of alternatives such as low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), fluctuations in raw material prices, and potential for side effects of using packaging materials with HDPE products are harmful to the human body.

In North America, the United States is the biggest market for HDPE packing. The high demand in this area is because HDPE packaging is being used more and more in the food and beverage, automotive and transportation, pharmaceutical and chemical, and other industries. Mexico and Canada are also important markets for HDPE packaging, giving global players in this market a lot of possibilities. Latin America: Brazil has a lot of the world's total capacity because it has a lot of well-established manufacturers and is fully backed by raw material suppliers like Braskem S/A, which is based in So Paulo. (Brazil). Brazil is also one of the top economies in the world because it has a lot of natural resources, such as oil and natural gas. This makes more people in the area want to buy HDPE packing. Europe: Western and Eastern Europe are the largest markets for HDPE packaging in terms of income. This is because people in these areas are buying more food and drinks. Also, foreign companies have put a lot of money into developing countries like Hungary and Poland, which has led to a high demand for HDPE packaging in many industries, including the car and transportation industries.

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Avance Biosciences, Bio-Rad Laboratories, Inc., Fluidigm Corporation, JN medsys, Merck KGAA, Precigenome LLC, QIAGEN N.V, STILLA TECHNOLOGIES, sysmex corporation, Thermo Fisher Scientific, Inc., Formulatrix, Promega, and Others.

HDPE Packaging Market Key Segments Covered:

Top Market Players: Amcor, Bemis, Berry Plastics, Sealed Air, Sonoco, And Others, and Others.

HDPE Packaging Market by Types:

HDPE Packaging Market by Applications:

Regions and Countries Covered

North America: (US, Canada, Mexico, Rest of North America)

Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)

Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)

The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)

Latin America: (Brazil, Argentina, Rest of Latin America)

Check out more related studies published by Contrive Datum Insights:

Special Copper Clad Laminate Market – The Special Copper Clad Laminate market is anticipated to grow at a CAGR of 7.5% during the forecast period and is expected to reach USD 2.06 Billion in 2030. Asia Pacific dominated the global Special Copper Clad Laminate market, accounting for more than 44% of the total revenue share. The region is expected to continue to dominate over the forecast period due to rising foreign investment coupled with rapid industrialization and favorable government policies aimed at stimulating manufacturing activities in emerging economies such as China and India.

Lawn Mower Batteries Market - The global Lawn Mower Batteries Market is projected to grow at a CAGR of 5.6% during the forecast period 2022 to 2030. North America represented the major chunk of the market share pie for lawn mower battery shipments in 2020 and is expected to continue to dominate throughout the evaluation period. Major contributing factors to the development of the market in this region will be the growing general consumption of lawn mower batteries in the US and the demand for artistic appeal in commercial and residential properties for formal and recreational activities favoring landscaping.

Passenger Vehicle Batteries Market – The global Passenger Vehicle Batteries Market size is expected to be valued at USD 3.5 billion in 2022 and is growing at a CAGR of 13.8% during the forecast period 2022 to 2030. North America is expected to dominate the market in terms of value over the next five years. Latin America is expected to be the fastest growing market in terms of CAGR over the forecast period. Europe is expected to be the second largest market for passenger vehicle batteries.

Printed Circuit Board (PCB) Inspection Equipment Market - The Global Printed Circuit Board (PCB) Inspection Equipment Market Size Was Valued At USD 2.8 Billion In 2020 And Is Expected To Reach USD 8.8 Billion By 2028, Growing At A CAGR Of 15.3% From 2021 To 2028. Asia Pacific is expected to be the fastest growing region during the forecast period. This growth can be attributed to rising demand for high-quality electronic products in emerging economies such as China and India.

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About Us: Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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