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India Low Density Polyethylene (LDPE) Market to Grow at a CAGR of 4.48% by FY2035 | ChemAnalyst
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.
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.
"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"
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