According to ChemAnalyst report, “India Low Density Polyethylene (LDPE) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035”, The India Low Density Polyethylene (LDPE) Market is likely to reach around 1100 thousand tonnes by FY2035, at a CAGR of 4.48% during the forecasted period. The end-use industries like Extrusion coating, General purpose, Adhesive, Liquid packaging, and Heavy Duty are anticipated to hike the demand for Low Density Polyethylene in the upcoming years.
Low-Density Polyethylene (LDPE) is flexible yet tough, easy to process, and has excellent chemical resistance among other polyethylenes. A sizable portion of India’s LDPE production is used in the general industry. LDPE is frequently used to make different containers, dispensing bottles, wash bottles, tubes, small parts for computer components, and various laboratory equipment that is moulded. Plastic bags are the main application for it. Trays and all-purpose containers are some of the additional products manufactured from it.
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The LDPE market is driven by its properties like low water absorption, high environmental stress resistance, and easy processability making it an ideal choice for manufacturing general purpose items films for packaging purposes. Demand for packaging films has reported a robust rise in recent years due to increasing demand from poultry wrapping, dairy products, snacks and sweets, frozen food bags, and bakery products. bakery goods, snacks and candies, dairy items, frozen food bags, and poultry packaging. With a growing economy and population, the food & beverage will witness growth in the forthcoming years, anticipated to propel the demand of LDPE in the forecast period. The demand for Low Density Polyethylene (LDPE) is also contributed by the extrusion-coating sector. Pharmaceutical companies also employ LDPE bags to prevent their drugs from moisture for a longer duration, which further fuels the LDPE market expansion.
The India Low Density Polyethylene (LDPE) Market is segmented based on end-use, sales channel, and region. Based on the end-uses, the India Low Density Polyethylene (LDPE) Market is segregated into Extrusion coating, General purpose, Adhesive, Liquid packaging, Heavy Duty, and Others. Although, the Extrusion coating and General purpose industries are dominating the LDPE market with a cumulative market share of nearly 40% in FY2022 and are anticipated to dominate the market in the forecast period as well. Indian Low Density Polyethylene (LDPE) market is segregated into four regions based on regional consumption: West, South, North, and South. West India displayed highest consumption between FY2015- FY2020 and is expected to be the largest consumer even in FY2023. In FY2022, West part held around 45% market share. Moreover, the Indian government’s policies such as the Make in India Scheme and Smart Cities Mission would further escalate the demand for LDPE products from the construction and infrastructure sectors.
Read Full Report Here: https://www.chemanalyst.com/industry-report/india-low-density-polyethylene-ldpe-market-71
“India Low Density Polyethylene (LDPE) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035” Currently, Reliance Industries Limited is the only manufacturer of LDPE in India.
“The rapidly increasing demand of Low Density Polyethylene to manufacture packaging films by various downstream industries such as food & beverage coupled with its application to manufacture general-use products is expected to boost the India Low Density Polyethylene (LDPE) Market in the forecast period until FY2035. Due to high flexibility, water-resistance, durability and resistance to abrasion, Low Density Polyethylene is employed in various industries. Due to India's fast industrialization and urbanisation, LDPE will likely be used even more frequently in the polymer sector over the projected period to produce lightweight carry bags, wash bottles, tubes, etc over the projected period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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