Germany: HDPE Market Ceresana Analyzes Global Market for High Density Polyethylene
Ceresana publishes an extensive report about the global market for HDPE for the fifth time already. The current market study expects an increase of HDPE demand by an average of 2,9 % per year worldwide, by 2026.
Constance/Germany — High Density Polyethylene (HDPE) rank amongst the most sold plastics and their demand continues to increase. The plastic is suitable for a large spectrum of uses: for rigid containers and pipes, as well as for films and a multitude of products for the transportation and electronic industry.
Ceresana has analyzed the market for HDPE in an extensive report. The study expects an increase of HDPE demand by an average of 2,9 % per year worldwide, by 2026. The sectors pipes, packaging films as well as heavy duty industry sacks are among the most dynamic growing markets. The Asia-Pacific Region is by far the biggest consumer of HDPE with a market share of 48 %.
The most important technology for processing HDPE are extrusion, injection moulding and blow moulding. In 2018, more than 11 million tonnes of HDPE have been processed worldwide in the film and sheet extrusion. Blow moulding and injection moulding followed in second and third place. Ceresana’s analysts expect, that the processing of pipes and profiles through extrusion will achieve the highest growth rate in the coming eight years, with 4,0 % per year.
HDPE is needed in a wide range of products — but with a market share of roughly 48 %, a majority relates to the packaging industry. In 2018, this plastic was most commonly used for the production of rigid packaging: 5,9 million tons HDPE was processed for the transport and industry containers alone. But nearly 21 % of the global consumption relates to flexible packaging like films, sack and bags.