Lucintel’s latest market report analyzed that packaging resin provides attractive opportunities in food & beverage, consumer goods, healthcare, and industrial packaging applications. The packaging resin market is expected to grow at a CAGR of 7%-9%. In this market, LDPE (Low Density Polyethylene) are the largest segment by type, whereas food & beverages is largest by application.
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Based on type, the packaging resin market is segmented into LDPE (low density polyethylene), PP (polypropylene), HDPE (high density polyethylene), PET (polyethylene terephthalate), PS (polystyrene), and PVC (polyvinyl chloride). The LDPE (low density polyethylene) segment accounted for the largest share of the market in 2020 as it has flexibility, moisture barrier, toughness, chemical resistance, availability of LDPE resins at cheap rates, and it is used for a wide range of industries.
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The packaging resin market is marked by the presence of several big and small players. Some of the prominent players offering packaging resin include ExxonMobil, Sinopec, LyondellBasell Industries Holdings, SABIC, PetroChina, and DowDupont.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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