Low Density Poly Ethylene LDPE Market Is Growing Due to Rapid Growth of Packaging Industry
Low density poly ethylene (LDPE) is a thermoplastic made from the monomer ethylene. It was first produced by Imperial Chemical Industries in 1933 using a high pressure process through free radical polymerization. The low density poly ethylene LDPE market is witnessing robust growth due to the increasing use in packaging industries. The rapid growth of the packaging industry coupled with increasing demand from the construction and automotive sectors are key drivers for the low density poly ethylene market, especially in the Asia Pacific. Owing to the e-commerce boom, the packaging industry is witnessing a boom and is one of the strongest growing segments in the country. According to the Indian Institute of Packaging (IIP), packaging consumption in India increased 200% in the past decade, from 4.3 kgs per person per annum (pppa) to 8.6 kgs pppa. The packaging industry is expected to reach US$ 204.81 billion by 2025 from US$ 50.5 billion in 2019 at 26.7% annually. Low density poly...