Global High-Density Polyethylene Market Report 2021–2026: Size, Share, Trends & Forecast

Global High-Density Polyethylene Market Overview: 2021-2026

Base Year: 2020

Historical Years:    2016-19

Forecast Years: 2021-2026

According to a recent study by MarkNtel Advisors, the Global High-Density Polyethylene Market is anticipated to grow at a CAGR of around 5% during the forecast period, i.e., 2021-26.

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Global High-Density Polyethylene Market Dynamics: 2021-2026

Market Driver

Extensive Applications of High-Density Polyethylene to Favor the Market Growth

HDPE offers an excellent moisture barrier, easy processing, and the ability to produce an opaque packaging product. It also possesses high strength & internal pressure to withstand external loads, temperature, and chemical resistance. Owing to these properties exhibited by HDPE, its demand is gaining momentum across several end-user industries, including food & beverage, automotive, electrical & electronics, and consumer goods.

• Its ability to withstand high temperature & rigidity makes it suitable for industrial uses, especially in the automotive sector & electrical spare parts, as it is lightweight yet strong.
• The demand for HDPE is also increasing in the agriculture sector due to the surging requirements for emitting pipes in irrigation fields.
• Moreover, HDPE, being lightweight and offers easy processability, sealing, & stiffness, its consumption is increasing rapidly as a packaging material used for food & beverages.

Global High-Density Polyethylene Market (2021-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Form

-Injection Molding

-Profile Extrusion

-Film and Sheet Extrusion

-Pipe Extrusion

-Blow Molding

-Extrusion Blow Molding

-Injection Blow Molding

-Injection Stretch Blow Molding

By End-User

-Packaging

-Transportation

-Electrical and Electronics

-Building and Construction

-Agriculture

-Industry and Machinery

-Other (Pharmaceuticals, Energy, Irrigation, etc)

By Region

-North America

-South America

-Europe

-Asia Pacific

-Middle East and Africa

Market Segmentation

By End-User:

Packaging Industry to Dominate the Global High-Density Polyethylene Market During 2021-26

Based on the End-User, the Global High-Density Polyethylene Market bifurcates into:

• Packaging
• Transportation
• Electrical & Electronics
• Building & Construction
• Agriculture
• Industry & Machinery
• Others, including Pharmaceuticals, Energy, Irrigation, etc.

Of them all, the Packaging industry acquired the largest share of the Global High-Density Polyethylene Market in the past few years and is likely to maintain its dominance in the future. Manufacturers prefer HDPE for packaging purposes owing to its properties like resistance to moisture, easy customization, high durability, and economical. The easy recyclability and ability to protect the product from external factors make HDPE an ideal packaging material.

Hence, owing to the factors cited above, the demand for HDPE is propelling across consumer goods and food & beverage industries. Besides, the significant rise in the online food orders for food delivery globally due to the Covid-19 pandemic had an optimistic impact on the overall market growth.

During the pandemic, the permissible limit for HDPE in food packaging surged in India due to the shutdown of the jute mill industry, which has provided potential growth opportunities for the market to grow in the coming years. Additionally, in 2020, the Government of India’s Ministry of Textiles extended the limit for HDPE bags from 180,000 bales to 262,000 to further overcome the issues of food grains packaging, which also aided the overall market growth.

By Form:

Pipe Extrusion to Acquire a Substantial Share of Global High-Density Polyethylene Market During 2021-26

Based on the Form, the Global High-Density Polyethylene Market segments into:

• Injection Molding
• Profile Extrusion
• Film & Sheet Extrusion
• Pipe Extrusion
• Blow Molding

Of these segments, Pipe Extrusion is expected to capture a substantial share of the Global High-Density Polyethylene Market during the forecast period.

HDPE pipes can maintain a uniform temperature in the pipeline system as they can resist several chemicals & severe environmental factors. These pipes are applicable in mining, underwater supply, gas extraction, agriculture, etc.

Besides, Pipe Extrusion is used widely in the manufacturing of HDPE water & gas supply pipes. Across Asia-Pacific, India is a huge market for HDPE pipes due to the low production costs, environmentally sustainable footprints, and extensive use of HDPE in the agriculture industry.

Moreover, the upsurge in infrastructure developments, mounting number of chemical & petrochemical plants, and rising housing activities in urban & rural areas are also expected to place lucrative growth opportunities for pipe extrusion in the coming years.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Global High-Density Polyethylene Market:

LOTTE Chemical Corporation, Borealis AG, The Dow Chemical Company, PetroChina Company Limited, Abu Dhabi Polymers Company Ltd., Formosa Plastics Corp, LyondellBasell Industries Holdings, Exxon Mobil Corporation, Braskem S.A, Chevron Phillips Chemical Co., Others.

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