LDPE Procurement Intelligence expected to grow at a CAGR of 4.63% from 2023 to 2030
LDPE Procurement Intelligence The LDPE category is expected to grow at a CAGR of 4.63% from 2023 to 2030. The increasing demand for sustainable packaging materials in the polymers and plastics industry is driving the growth of low-density polyethylene. One of the emerging trends is the increasing preference for biobased polymers in LDPE. Packaging waste has unavoidably increased as e-commerce has grown. There is a growing focus on recycling LDPE, HDPE, and plastic waste to create new recycled high-performance LDPE pellets or films. There is an increase in vendor partnerships and collaborations to utilize advanced recycling processes to reduce the CO2 emissions generated during the production of these polymers. Companies such as Dow Chemical and DuPont, for instance, are focusing on creating packaging materials that can be recycled from the very beginning. For instance, Dow Chemical has been P&G's external business partner since 2019. Recently, in June 2023, P&G China part...