The global linear low-density polyethylene (LLPDE) market is forecast to grow at a CAGR of 6.01% during the period 2017-2021.
The report, Global Linear Low-density Polyethylene (LLDPE) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing rate of recycling. The increasing rate of recycling plastics in the developed regions such as the US, Germany, and the UK due to the stringent regulations in these regions is expected to drive the demand for LLDPE during the forecast period. The circular economy is gaining attention due to the growing concern of environmental issues.
According to the report, one driver in the market is high demand from the flexible packaging segment. Flexible packaging is a container or package made of flexible or easily yielding materials that can readily change in shape when it is filled or closed. Flexible packaging can be made of foil, paper, plastic film, or a combination of any of these. It is at the forefront of packaging trends in design and performance, product protection, consumer convenience, and sustainability, all of which have a positive impact on the consumers, environment, and businesses. The flexible packaging segment includes bags, pouches, roll stock, liners, shrink, bulk shipping sacks, stretch wrap, and sleeves.