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U.S. Flexible Polyethylene Market Size, Share & Trends Analysis Report By Grade (Flexible HDPE, Flexible LDPE, Flexible LLDPE), By Product, By End-use, And Segment Forecasts, 2023 - 2030

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    Report

  • 90 Pages
  • August 2023
  • Region: United States
  • Grand View Research
  • ID: 5876221

The U.S. flexible polyethylene market size is anticipated to reach USD 20.8 billion by 2030, growing at a CAGR of 4.8% during the forecast period. The flexible polyethylene (PE) market in the U.S. is expected to experience significant growth over the next few years, largely propelled by a surge in the packaging industry. As online shopping and e-commerce continue to skyrocket, there is an ever-increasing demand for flexible and cost-effective packaging materials. This rise in consumerism translates to higher usage of flexible polyethylene in various packaging applications, such as plastic bags, films, and wraps, making it a key driver for market expansion.



Another driving force behind the growth of the flexible PE market lies in the mounting concern for the environment. With a growing emphasis on sustainability and eco-friendliness, manufacturers are exploring innovative bio-based or recyclable flexible polyethylene products. As consumers and businesses become more environmentally conscious, the demand for greener packaging options is expected to surge, opening new avenues for the adoption of flexible PE in a wide range of industries. Coupled with advancements in technology and potential regulatory changes, the future of the U.S. flexible polyethylene industry looks promising as it adapts to evolving market dynamics and consumer preferences.

Flexible HDPE was a highly penetrated grade segment accounting for over 38% of the market share in 2022, due to its exceptional properties that cater to diverse applications. HDPE offers an excellent combination of strength, flexibility, and chemical resistance, making it highly suitable for various packaging, consumer goods, and construction purposes. Its widespread use in products like plastic bags, films, wraps, geo-membranes, and pipes demonstrates its versatility across different industries. Moreover, HDPE's recyclability aligns with the growing focus on sustainability, further boosting its demand as environmentally conscious consumers and businesses seek greener packaging alternatives. These factors collectively position Flexible HDPE as the favored choice, solidifying its leading position in the U.S. flexible PE market.

Food & beverage was a highly penetrated end-use segment accounting for more than 30% of the market share in 2022. This is attributed to the critical role of flexible PE packaging in preserving and protecting food products. With the rising trend of convenience and on-the-go consumption, there is an increasing demand for flexible packaging solutions like plastic bags, pouches, and wraps. Flexible PE's excellent barrier properties safeguard against moisture, air, and contamination, extending the shelf life of perishable goods. Moreover, its lightweight and cost-effective nature makes it an ideal choice for food manufacturers and retailers looking for efficient and economical packaging solutions. As the Food & Beverage industry continues to thrive and evolve, the demand for flexible polyethylene packaging is expected to grow further, consolidating its dominant position in the U.S. market.

Bags & pouches is a highly penetrated end-use segment accounting for more than 32% market share in 2022. This is attributed to their widespread applications and convenience in various industries. These flexible PE products offer versatile packaging solutions, meeting the diverse needs of consumers and businesses alike. From grocery shopping to industrial packaging, bags & pouches provide a lightweight, durable, and cost-effective option for containing and protecting a wide range of goods. Their popularity in the retail sector, especially in the food and beverage industry, owes to their ability to maintain freshness, prevent spillage, and ensure easy handling for customers. Additionally, bags & pouches' adaptability in industrial applications, such as for chemical or pharmaceutical products, further cements their dominant position in the U.S. market, reflecting their integral role in modern packaging solutions.

U. S. Flexible Polyethylene Market Report Highlights

  • The flexible HDPE grade segment accounted for the largest market share of over 41% in 2022, due to its exceptional properties such as strength, flexibility, and chemical resistance that cater to diverse applications including packaging, consumer goods, and construction purposes
  • The food & beverage end-use segment held more than 30% of the market share in 2022. This is attributed to its vital reliance on flexible PE packaging for preserving and protecting food products effectively. The excellent barrier properties and cost-effective nature of flexible PE make it the preferred choice for packaging in this sector, ensuring longer shelf life and convenient handling for consumers
  • The bags & pouches segment witnessed substantial adoption with over 32% of the market share in 2022. This can be attributed to their lightweight, cost-effective, and versatile nature. These attributes make them a preferred choice for various industries, including retail, food, and logistics, driving their widespread usage and market penetration
  • The growth of a sizable middle class and subsequent rise in consumer demand have fueled flexible polyethylene (PE) usage in the packaging sector
  • Due to various development and diversification initiatives in the semiconductor industry, which result in high flexible PE consumption in insulative devices, the electrical & electronics segment is expected to grow with a CAGR of 3.8% during the forecast period
  • A rise in consumer understanding of the advantages of lightweight and fuel-efficient polymers in automotive is also anticipated to have a favorable effect on the sector's growth
  • In May 2023, Gelpac one of the leading high-performance packaging solutions company in North America is planning to acquire the Standard Multiwall Bag Mfg. Co. manufacturing facility located in Beaverton, Oregon, and Lubbock, Texas

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
1.4 List of abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 U.S. Flexible Polyethylene (PE) Market Variables, Trends & Scope, (USD Million) (Kilotons)
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2018 - 2030
3.3 U.S. Flexible Polyethylene (PE) Market - value chain analysis
3.4 Regulatory framework
3.5 Raw material outlook
3.6 Technology overview
3.7 U.S. flexible polyethylene (PE) market dynamics
3.7.1 Market driver analysis
3.7.2 Market restraint analysis
3.8 Key opportunities prioritized
3.9 Industry analysis - Porter’s
3.10 U.S. flexible polyethylene (PE) market - PESTEL analysis
Chapter 4 U.S. Flexible Polyethylene (PE) Market: Product Estimates & Trend Analysis, (USD Million) (Kilotons)
4.1 Product movement analysis & market share, 2022 & 2030
4.2 Films
4.2.1 Market estimates & forecast, 2018 - 2030
4.3 Liners
4.3.1 Market estimates & forecast, 2018 - 2030
4.4 Bags & Pouches
4.4.1 Market estimates & forecast, 2018 - 2030
4.5 Covers
4.5.1 Market estimates & forecast, 2018 - 2030
4.6 Others
4.6.1 Market estimates & forecast, 2018 - 2030
Chapter 5 U.S. Flexible Polyethylene (PE) Market: End-Use Estimates & Trend Analysis, (USD Million) (Kilotons)
5.1 End-Use movement analysis & market share, 2022 & 2030
5.2 Food & Beverage
5.2.1 Market estimates & forecast, 2018 - 2030
5.3 Healthcare/Medical
5.3.1 Market estimates & forecast, 2018 - 2030
5.4 Janitorial/Sanitary
5.4.1 Market estimates & forecast, 2018 - 2030
5.5 Building & Construction
5.5.1 Market estimates & forecast, 2018 - 2030
5.6 Automotive
5.6.1 Market estimates & forecast, 2018 - 2030
5.7 Electrical & Electronics
5.7.1 Market estimates & forecast, 2018 - 2030
5.8 Others
5.8.1 Market estimates & forecast, 2018 - 2030
Chapter 6 U.S. Flexible Polyethylene (PE) Market: Grade Estimates & Trend Analysis (USD Million) (Kilotons)
6.1 Grade movement analysis & market share, 2022 & 2030
6.2 Flexible HDPE
6.2.1 Market estimates & forecast, 2018 - 2030
6.3 Flexible LDPE
6.3.1 Market estimates & forecast, 2018 - 2030
6.4 Flexible LLDPE
6.4.1 Market estimates & forecast, 2018 - 2030
Chapter 7 Competitive Landscape
7.1 U.S. Flexible Polyethylene (PE) company heat map analysis
7.2 Vendor Landscape
7.3 Competitive Environment
7.4 Strategy framework
Chapter 8 Company Profiles
8.1 Dow Inc.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Industries and Services Catered
8.1.4 Product Benchmarking
8.1.5 Strategic Initiatives
8.2 ExxonMobil Chemical
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Industries and Services Catered
8.2.4 Product Benchmarking
8.3 Chevron Phillips Chemical Company
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Industries and Services Catered
8.3.4 Product Benchmarking
8.4 LyondellBasell Industries
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Industries and Services Catered
8.4.4 Product Benchmarking
8.4.5 Strategic Initiatives
8.5 Formosa Plastics Corporation
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Industries and Services Catered
8.5.4 Product Benchmarking
8.6 NOVA Chemicals
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Industries and Services Catered
8.6.4 Product Benchmarking
8.7 Westlake Chemical Corporation
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Industries and Services Catered
8.7.4 Product Benchmarking
8.8 Pinnacle Polymers LLC
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Industries and Services Catered
8.8.4 Product Benchmarking
8.9 INEOS Olefins & Polymers USA
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Industries and Services Catered
8.9.4 Product Benchmarking
8.10 Sasol North America Inc.
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Industries and Services Catered
8.10.4 Product Benchmarking
8.11 Braskem America
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Industries and Services Catered
8.11.4 Product Benchmarking
8.12 Total Petrochemicals & Refining USA, Inc.
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Industries and Services Catered
8.12.4 Product Benchmarking
List of Tables
Table 1 Key international regulations & their impact on the U.S. flexible polyethylene (PE) industry
TABLE 2 Polyethylene market estimates & forecast, by product 2018 - 2030 (Kilotons), (USD Million)
TABLE 3 U.S. flexible polyethylene (PE) market estimates & forecast by Films, 2018 - 2030 (Kilotons), (USD Million)
TABLE 4 U.S. flexible polyethylene (PE) market estimates & forecast by Liners, 2018 - 2030 (Kilotons), (USD Million)
TABLE 5 U.S. flexible polyethylene (PE) market estimates & forecast by Bag & Pouches, 2018 - 2030 (Kilotons), (USD Million)
TABLE 6 U.S. flexible polyethylene (PE) market estimates & forecast by Covers, 2018 - 2030 (Kilotons), (USD Million)
TABLE 7 U.S. flexible polyethylene (PE) market estimates & forecast by Others, 2018 - 2030 (Kilotons), (USD Million)
TABLE 8 Polyethylene market estimates & forecast, by end-use 2018 - 2030 (Kilotons), (USD Million)
TABLE 9 U.S. flexible polyethylene (PE) market estimates & forecast, in food & beverage, 2018 - 2030 (Kilotons), (USD Million)
TABLE 10 U.S. flexible polyethylene (PE) market estimates & forecast, in healthcare/medical, 2018 - 2030 (Kilotons), (USD Million)
TABLE 11 U.S. flexible polyethylene (PE) market estimates & forecast, in janitorial/sanitary, 2018 - 2030 (Kilotons), (USD Million)
TABLE 12 U.S. flexible polyethylene (PE) market estimates & forecast, in building & construction, 2018 - 2030 (Kilotons), (USD Million)
TABLE 13 U.S. flexible polyethylene (PE) market estimates & forecast, in automotive, 2018 - 2030 (Kilotons), (USD Million)
TABLE 14 U.S. flexible polyethylene (PE) market estimates & forecast, in electrical & electronics, 2018 - 2030 (Kilotons), (USD Million)
TABLE 15 U.S. flexible polyethylene (PE) market estimates & forecast, in others, 2018 - 2030 (Kilotons), (USD Million)
TABLE 16 Polyethylene market estimates & forecast, by grade 2018 - 2030 (Kilotons), (USD Million)
TABLE 17 U.S. flexible polyethylene (PE) market estimates & forecast, by flexible HDPE, 2018 - 2030 (Kilotons), (USD Million)
TABLE 18 U.S. flexible polyethylene (PE) market estimates & forecast, by flexible LDPE, 2018 - 2030 (Kilotons), (USD Million)
TABLE 19 U.S. flexible polyethylene (PE) market estimates & forecast, by flexible LLDPE, 2018 - 2030 (Kilotons), (USD Million)
TABLE 20 U.S. flexible polyethylene (PE) company heat map analysis
List of Figures
FiG. 1 U.S. flexible polyethylene (PE) market snapshot
FIG. 2 U.S. flexible polyethylene (PE) market volume, 2022 (Kilo Tons)
FIG. 3 U.S. flexible polyethylene (PE) market segmentation
FIG. 4 U.S. flexible polyethylene (PE) market estimates and forecast, 2018 - 2030 (Kilo Tons) (USD Million)
FIG. 5 U.S. Flexible Polyethylene (PE) value chain analysis
FIG. 6 Global plastic prices by product, 2012 - 2022 (USD/kilo)
FIG. 7 Global polyethylene prices and y-o-y growth rate, 2012 - 2022 (USD/kilo)
FIG. 8 U.S. flexible polyethylene (PE) market dynamics
FIG. 9 U.S. flexible polyethylene (PE) market driver impact
FIG. 10 Index of industrial production in U.S., December 2021 (Percentage growth as compared to the previous year)
FIG. 11 U.S. GDP & GNI growth estimates, 2018 to 2022 (USD Billion, USD Thousand)
FIG. 12 U.S. flexible polyethylene (PE) market restraint impact
FIG. 13 U.S. carbon emission level estimates, 2018-2022 (metric tons)
FIG. 14 U.S. carbon emission levels from major sources, 2018-2022 (% of total fuel consumption)
FIG. 15 Key opportunities prioritized
FIG. 16 U.S. flexible polyethylene (PE) market - Porter’s analysis
FIG. 17 PESTEL analysis
FIG. 18 U.S. flexible polyethylene (PE) market volume by product, 2022 & 2030 (Kilo Tons), (USD Million)
FIG. 19 U.S. flexible polyethylene (PE) market volume by end-use, 2022 & 2030 (Kilo Tons), (USD Million)
FIG. 20 U.S. flexible polyethylene (PE) market volume by grade, 2022 & 2030 (Kilo Tons), (USD Million)
FIG. 21 Competitive environment
FIG. 22 Strategy Framework

Companies Mentioned

  • Dow Inc.
  • ExxonMobil Chemical
  • Chevron Phillips Chemical Company
  • LyondellBasell Industries
  • Formosa Plastics Corporation
  • NOVA Chemicals
  • Westlake Chemical Corporation
  • Pinnacle Polymers LLC
  • INEOS Olefins & Polymers USA
  • Sasol North America Inc.
  • Braskem America
  • Total Petrochemicals & Refining USA, Inc.

Methodology

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Table Information