HDPE is significantly being used in films to secure the goods in the warehouse and logistics. High-density polyethylene resins have been extensively used in rigid, as well as flexible packaging. The manufacturers have an advantage from the potential ban on single-use plastics because the environment for HDPE recycling has been continuously growing. Worldwide, high-density polyethylene resins are utilized to produce sheets and films as these are also used to make carrier bags, waste sacks, wrappings, and industrial liners. They have the ability to extend the shelf life of food products and lower spoilage. Thus, the high demand for multiple-use plastic across the world drives the market growth.

The High density polyethylene (HDPE) resins Market is expected to grow at a steady rate of around 5% owing to the rapid surge in the demand for packaging raw materials. Major companies in the market offer HDPE for industrial applications and invest in R&D and technology to improve product lines. For instance, on October 2020, SABIC embarked on a pilot project with Schwarz Group, Europe’s largest retail store operator, for the use of transparent film bags made from certified circular polyethylene (PE) in vegetable packaging. SABIC’s TRUCIRCLE certified circular polymers in the pilot project include high-density polyethylene (HDPE) and a few other resins.

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According to UnivDatos Market Insights (UMI)’ research report “Global High Density Polyethylene (HDPE) Resins Market”, the market is expected to witness robust growth during the forecast period (2022-2028). . The market for high-density polyethylene (HDPE) resins is predicted to increase favorably as a result of the rising use in the manufacture of films and the growing emphasis on extending the shelf life of edible goods.

Based on type, the market is segmented into adhesive type HDPE resin, and coating type HDPE resin. The coating type HDPE resin grows a significant CAGR during the forecast period. High-density polyethylene resin of the coating type is used as a coating material. It offers strong impact resistance and good moisture barrier qualities. Due to its exceptional qualities, coating-type HDPE resin is frequently utilized in the food packaging business.

Based on the end user, the market is categorized into packaging, agriculture, building & construction, automotive, and others. Among these, packaging held a significant share of the market in 2020. In the packaging industry, it is widely used in the production of plastic bottles, corrosion-resistant tubing, and plastic lumber. High-density polyethylene packaging is majorly used in many ways, including sacks, containers, and bottles.

APAC to witness extensive growth

For a better understanding of the market adoption of the High density polyethylene (HDPE) resins industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC grow with a significant CAGR during the forecast period. This is mainly due to the area's high population and growing building & construction, packing, and other sectors, consumption as well as production have increased. The Asia Pacific area contains the majority of HDPE resin producers and capacities. For instance, in 2019, China Railway Construction Corporation (1186) announced the value of newly signed contracts for the first three quarters this year rose 25.07% from a year ago to 0.17 trillion USD. Moreover, India's construction development sector activity reached USD 25.93 billion between 2000 and 2020, said the Department of Industry and Internal Trade Promotion (DPIIT).

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the High density polyethylene (HDPE) resins market are Dow, LG Chem, LyondellBasell Industries Holdings B.V., SABIC, Exxon Mobil Corporation, BASF SE, Chevron Phillips Chemical Company LLC, Braskem, Formosa Plastics Corporation, Qatar Petrochemical Company (QAPCO) Q.P.J.S.C.

“Global High Density Polyethylene (HDPE) Resins Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1. By Type (Adhesive Type HDPE Resin, Coating Type HDPE Resin)

2. By Application (Films & Sheets, Injection Coatings, Blow Molding, Others)

3. By End User (Packaging, Agriculture, Building & Construction, Automotive, Others)

4. By Region (North America, Europe, Asia-Pacific, Rest of the World)

5. By Company (Dow, LG Chem, LyondellBasell Industries Holdings B.V., SABIC, Exxon Mobil Corporation, BASF SE, Chevron Phillips Chemical Company LLC, Braskem, Formosa Plastics Corporation, Qatar Petrochemical Company (QAPCO) Q.P.J.S.C.)

Key questions answered in the study:

1. What are the current and future trends of the global high density polyethylene (HDPE) resins industry?

2. How the industry has been evolving in terms of type, application, and end user?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global high density polyethylene (HDPE) resins industry?

5. What is the customer orientation, purchase behavior, and expectations from the global high density polyethylene (HDPE) resins suppliers across various region and countries?

High Density Polyethylene (Hdpe) Resins Market Analysis 2028