HDPE Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

HDPE Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of HDPE Packaging Market

The HDPE packaging market size was valued at USD 17.10 billion in 2022, and the market is now projected to grow from USD 17.96 billion in 2023 to USD 26.25 billion by 2030, exhibiting a CAGR of 5.57% during the forecast period of 2023-2030.

The COVID-19 pandemic impelled the overall HDPE packaging market growth. The manufacturing units were halted caused by the supply chain disruption and lockdown worldwide. The eruption of the virus led to the shutdown of several businesses. But increased sales recorded by the medicine industry greatly impelled the market growth. The requirement for on time delivery of healthcare items augmented in the pandemic has boosted the market growth.

The HDPE packaging market share globally has expanded owing to the rising demand for HDPE bottles and containers from several industries. HDPE provides excellent barrier properties. It can avert the passage of air, moisture, and other substances. They maintain freshness and quality of the items, lessen foodstuff wastage, and increase the shelf-life. These are lightweight and have a strong defense facet which is making it a first choice for shipping and managing e-commerce goods.

The trend is growing demand for R-HDPE from numerous manufacturers is enhancing the market growth. The high demand for sustainable packaging solutions, such as R-HDPE as it can eliminate the carbon footprint during transportation, which in turn fulfills the sustainability goals of several e-commerce brands is supporting market growth across the world. The rising utilization of R-HDPE in non-food-grade and food-grade HDPE covering is also generating high growth chances for the market.

Comprehensive Analysis of HDPE Packaging Market

The HDPE packaging market and packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the packaging industry. These segmentations are methodically segregated by types of product type and end use. The product types are bottles & canisters, tubes, trays, caps & closures, and others. The end use involves home care, food & beverages, pharmaceuticals, personal care & cosmetics, chemicals, and others.

The Asia Pacific region is conducive to the global HDPE packaging market, leading to a recall of USD 5.57 billion because of continuous product development by leading manufacturers and expanding various industries is enhancing the market growth.

The top players in the market play a critical role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include Mauser Packaging Solutions (U.S.), Alpla (Austria), Amcor (Switzerland), DS Smith (UK), Huhtamaki (Finland), Sonoco Products Company (U.S.), Berry Global Inc. (U.S.), Hoffmann Neopac AG (Switzerland), Silgan Holdings, Inc. (U.S.), Origin Pharma Packaging (UK), Greiner Packaging (Austria), Dahl-Tech, Inc. (U.S.), Alpack, Inc. (U.S.), Canyon Plastics Inc. (U.S.), and Frapak (Netherlands), these market players provide a level-playing competitive landscape.

In December 2022, Austria-based packaging producer Alpla Group announced the launch of a carbon-optimized prototype solution. It is specifically for beauty product brand owners, in the form of a high-density polyethylene (HDPE) bottle. The bottle is made completely of recycled-content HDPE.

Segmentation Table

Global HDPE Packaging Market Scope

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 5.57% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Product Type

Bottles & Canisters

Caps & Closures

Tubes

Trays

Others

By End Use

Food & Beverages

Pharmaceuticals

Personal Care & Cosmetics

Home Care

Chemicals

Others

By Region

North America (By Product Type, By End Use, and Country)

U.S. (By End Use)

Canada (By End Use)

Europe (By Product Type, By End Use, and Country)

Germany (By End Use)

UK (By End Use)

France (By End Use)

Italy (By End Use)

Spain (By End Use)

Russia (By End Use)

Poland (By End Use)

Romania (By End Use)

Rest of Europe (By End Use)

Asia Pacific (By Product Type, By End Use, and Country)

China (By End Use)

India (By End Use)

Japan (By End Use)

Australia (By End Use)

South Korea (By End Use)

Southeast Asia (By End Use)

Rest of Asia Pacific (By End Use)

Latin America (By Product Type, By End Use, and Country)

Brazil (By End Use)

Mexico (By End Use)

Argentina (By End Use)

Rest of Latin America (By End Use)

The Middle East & Africa (By Product Type, By End Use, By End Use, and Country)

Saudi Arabia (By End Use)

UAE (By End Use)

Oman (By End Use)

South Africa (By End Use)

Rest of the Middle East & Africa (By End Use)


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