Please Wait.....
Report
Metallocene Polyethylene (mPE) - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 120 Pages I Mordor Intelligence
The Metallocene Polyethylene Market size is estimated at USD 21.82 billion in 2024, and is expected to reach USD 27.35 billion by 2029, growing at a CAGR of 4.63% during the forecast period (2024-2029).
Key Highlights
-The COVID-19 pandemic had a negative impact on the metallocene polyethylene sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
-In the long term, growing demand for mPE from various end-user industries and a surge in the adoption of films and sheets in the packaging industry are expected the drive the demand for mPE.
-However, stringent government regulations are expected to act as a restraining factor for the growth of the mPE market.
-Significant research and development in the field of mPE is expected to create new growth opportunities in the mPE market.
-Asia-Pacific is projected to be the largest market for metallocene polyethylene (mPE), and it is also expected to grow at a faster rate during the forecast period.
Metallocene Polyethylene (MPE) Market Trends
Increasing Demand for mPE from Packaging Industry
- Metallocene-based grades of polyethylene have high impact strength, puncture resistance, and environmental stress crack resistance (ESCR), along with very good organoleptic properties.
- These products are used in a wide range of film applications in the field of consumer, industrial, and institutional packaging. It is also suited for the production of caps and closures for non-carbonated drinks by compression molding. Other typical applications are high-performance film applications such as food and medical packaging, among others.
- These polymers are majorly used for applications such as wraps to cover bulk items of cargo, films in the packaging of agricultural products before, during, and after harvesting, food packaging films, In thin-walled containers, and others.
- The applications of these polymers in the packaging end-user industry are on the rise because these can significantly reduce the film thickness compared with LDPE, HDPE and LLDPE, and other products.
- Furthermore, Food Drink Europe stated that in 2022, The Europe food and beverages industry employs 4.6 million people and generates EUR 1.1 trillion (USD 1.159 trillion) in revenue and EUR 230 billion (USD 242.37 billion) in value-added, making it one of the largest manufacturing industries in Europe. Thereby, increasing the food and beverages industry in the region, the demand for food packaging increases, in turn boosting the demand for mPE.
- The Chinese packaging industry has grown at a rapid and consistent rate in recent years, owing to expanding economy and a rising middle-class population with greater purchasing power. Food packaging is a major player in the packaging industry, accounting for roughly 60% of the total market share in China. According to Interpak, in China, in the foodstuff packaging category, total packaging is expected to reach 447 billion units in 2023, thereby indicating an increased demand for the studied market from the packaging industry.
- Thus, the aforementioned factors are boosting the demand for the market studied during the forecast period.
Asia-Pacific to Dominate the Market
- The demand for mPE from the Asia Pacific region is primarily driven by its growing number of applications in packaging, building and construction, automotive, healthcare, and others.
- The rising population, increased spending power, rapid urbanization, and development of the retail sector in countries like India, China, South Korea, and others are factors augmenting the growth of the packaging materials industry.
- In Asia-Pacific, the demand for packaged food is growing, owing to lifestyle changes, the growing disposable income of people, the increasing number of working professionals, and the growing preference for fast food. Consumers prefer ready-to-consume foods because they are fresh, require considerably less time for cooking, and have attractive and sturdy packaging, supporting the demand for the market studied.
- According to the Packaging Industry Association of India (PIAI), the Indian packaging industry is expected to grow at a rate of 22% during the forecast period. Moreover, the Indian packaging market is expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% between 2020 and 2025. Therefore, the mPE market is expected to grow in the region.
- Healthcare is one of the largest sectors of the Indian economy in terms of both employment and revenue. According to India Brand Equity Foundation (IBEF), India's public expenditure on healthcare touched 2.1 % of GDP in FY23, and India has ranked ninth globally for medical tourism. The Indian medical tourism market is expected to reach USD 13.42 billion by 2026, compared to USD 2.89 billion in 2020.
- Furthermore, China is one of the largest and fastest-growing healthcare markets in the world. According to the National Bureau of Statistics of China, in August 2022, the retail sales figure of various pharmaceuticals in China amounted to about CNY 51.92 billion (USD 7.511 Billion). With the increase in demand for pharmaceuticals, the market for healthcare packaging is expected to increase in the coming years.
- Moreover, the automotive industry also plays a significant role in the increase in demand for mPE in the Asia Pacific. For instance, according to OICA, the total motor vehicle production of Asia Pacific in 2022 accounted for 50,020,793 units which increased by 7% compared to 2021.
- Hence, with the rapid increase in various end-user industries, the demand for metallocene polyethylene (mPE) is expected to increase rapidly over the forecast period.
Metallocene Polyethylene (MPE) Industry Overview
The metallocene polyethylene (mPE) market is fragmented in nature. Some of the major players are INEOS, Braskem, Chevron Phillips Chemical Company, Mitsui Chemicals, Inc., and TotalEnergies, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for mPE from Various End User Industries
4.1.2 Surge in Adoption of Films and Sheets in Packaging Industry
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Stringent Government Regulation
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Type
5.1.1 Metallocene Linear Low-density Polyethylene (mLLDPE)
5.1.2 Metallocene High-density Polyethylene (mHDPE)
5.1.3 Other Types (Metallocene Low-density Polyethylene (mLDPE), etc.)
5.2 Application
5.2.1 Films
5.2.2 Sheets
5.2.3 Other Applications
5.3 End-User Industry
5.3.1 Packaging
5.3.2 Agriculture
5.3.3 Automotive
5.3.4 Building and Construction
5.3.5 Other End-User Industries
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 Italy
5.4.3.4 France
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Braskem
6.4.2 Brentwood Plastics, Inc.
6.4.3 Chevron Phillips Chemical Company LLC
6.4.4 INEOS
6.4.5 Mitsui Chemicals, Inc.
6.4.6 Prime Polymer Co., Ltd.
6.4.7 SABIC
6.4.8 TotalEnergies
6.4.9 Univation Technologies, LLC.
6.4.10 W. R. Grace & Co.-Conn
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Significant Research and Development in the Field of mPE
7.2 Other Opportunities
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security