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Global High Density Polyethylene Market: Snapshot 

Plastic packaging takes up a large volume of the high density polyethylene produced. Roughly 30% of the global packaging industry materials used is high density polyethylene (HDPE), as it is a core plastic in rigid packaging. Bags, films, containers, caps and closures, and bottles are the most common packaging products that use high density polyethylene. There is currently a very high demand for these types of packaging across the world, owing to a greater consumption of food and beverages and consumer goods. The growing importance of aesthetics is also a key factor that adds to the primary demand for HDPE. 

The growing demand for pipes and films in the agriculture industry is another avenue where large quantities of high density polyethylene is used. This industry is one of the larger end users of high density polyethylene and therefore, any growth in it will create a direct increase in the demand for HDPE. High density polyethylene is used in manufacturing UV protective sheets and tarpaulins that offer high quality weather protection. 

However, a key concern that all producers of high density polyethylene have to face is the fluctuating cost of raw materials. HDPE makes use of a large amount of ethylene, a material formed in the oil and gas industry. The market for ethylene has recently undergone major fluctuations in price and the overall scarcity of petroleum based byproducts. 

The overall result is a CAGR of 4.5% for the revenue generation in the global market for high density polyethylene from 2015 to 2023. This revenue is expected to reach US$62.48 bn by the end of 2016 and US$84.79 bn by 2023. 

Asia Pacific Demand for High Density Polyethylene Strengthens

Asia Pacific has led the global consumption of high density polyethylene for quite some time now, owing to a large agrarian population and a significant rise in consumer goods sales. By the end of 2023, Asia Pacific is expected to take up 46.9% of the high density polyethylene market’s global volume. 

The region-based consumption of high density polyethylene is expected to be led by Asia Pacific till 2023, followed by Europe and North America. Europe and North America are relatively more mature than Asia Pacific in terms of high density polyethylene consumption, but are still showing a decent increase in consumption of the plastic owing to booming sales of consumer goods in rigid packaging. Additionally, high density polyethylene is approved by organizations such as the U.S. FDA, making users prefer it over other polymers. 

Packaging Industry Ramps Up Demand for High Density Polyethylene

The packaging industry has always been the leading application segment for the global high density polyethylene market. By the end of 2023, the overall volume taken up by the packaging industry is expected to be 31.1% of the global high density polyethylene volume produced. The booming consumer goods sales across the world are causing the packaging industry to double up on its manufacturing processes as well as raw materials consumption, including high density polyethylene. 

The key fact that works in favor of high density polyethylene is its approval for use by major public health concern bodies as a food grade polymer. It is therefore one of the more widely used polymers across packaging products for the food and beverage industry. 

The top producers of high density polyethylene from a global standpoint include Chevron Phillips Chemical Company, LyondellBasell Industries, INEOS Olefins and Polymers, SABIC, and ExxonMobil.

Demand for high density polyethylene is primarily due to growth in the packaging and agriculture industries across the globe. Asia Pacific dominates the global market for high density polyethylene. This report analyzes, estimates, and forecasts demand for high density polyethylene on a global and regional level for eight-year period from 2015 to 2023 in terms of volume and revenue. The report also provides information on restraints, drivers, and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on application and region and offers estimates and forecast of the high density polyethylene market for each segment. 
The study analyzes the product value chain, beginning with feedstock up to end-use. Additionally, it evaluates the market based on Porter’s Five Forces Model, which analyzes the degree of competition in the market by considering factors such as bargaining power of buyers and suppliers and threat of substitute products and new entrants. The report includes a detailed competitive landscape of the high density polyethylene market. It comprises market share analysis of companies and profiles of key market participants.
Inflation is not a part of pricing in the report. Prices of high density polyethylene vary across each region. Considering that different end-users use different types of products, pricing for each application varies according to regions while estimating and forecasting market revenue on the global basis. The regional average price has been considered while breaking down the market by end-user application in each region. The market size of the global high density polyethylene market has been presented in terms of both volume and revenue. Market volume is provided in kilo tons, while market revenue is in US$ Mn. Market numbers are provided based on product types and applications in the context of the global and regional market. Numbers provided in the report are derived based on demand for high density polyethylene in various end-user industries across different regions. All prices have been considered as FOB prices. Market revenue has been calculated based on sales and consumption trends. All US$ exchange rates are as of 2014. Regional consumption pattern has been considered while estimating the market for various end-users of high density polyethylene in different regions. Company market share has been derived by considering numerous factors such as sales and revenues,  capacities,  geographical presence, integration across value chain, information available through primary research, and similar other factors. The market has been forecast based on constant currency rates. Packaging segment includes storage containers, food containers, films, caps & closures, personal care packaging, bottles, and drink cups.
The report provides a decisive view of the high density polyethylene market by segmenting the market based on product types and applications. Product segments analyzed in this report include blow molding, pipe & extrusion, film & sheet, injection molding, and others (including rotomolding). Based on applications, the high density polyethylene market is segmented into agriculture, building & construction, automotive, packaging, and others (industrial, consumer goods, etc.). These application segments have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023.
The high density polyethylene market is segmented based on geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In terms of revenue and consumption, the high density polyethylene market for each application type and each of these regions has been forecast in the report for the period from 2014 to 2023.
Leading manufacturers profiled in the report include Chevron Phillips Chemical Company, Exxon Mobil Industries, LyondellBasell Industries N.V., INEOS Olefins and Polymers, and The Dow Chemical Company. These companies are profiled in detail with features such as company overview, financial overview, business strategies, SWOT analysis, and recent developments.
High Density Polyethylene (HDPE) Market - Product Segment Analysis
  • Blow Molding
  • Pipe & Extrusion
  • Film & Sheet
  • Injection Molding
  • Others (Including Rotomolding, etc.)
High Density Polyethylene (HDPE) Market – Application Analysis
  • Agriculture
  • Building and Construction
  • Automotive
  • Packaging
  • Others (Including Industrial, etc.)
High Density Polyethylene (HDPE) Market – Regional Analysis
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

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High Density Polyethylene Market

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