Global Polyolefin Market is expected to reach 251,416.87 thousand tons by 2025 from 180,300.00 thousand tons in 2017, at a CAGR of 4.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Segmentation: Global Polyolefin Market
Global Polyolefin Market
By Type (Polyethylene Polyproplylen),
By end user (Packaging, Consumer Goods, Building & Construction, Automotive, Medical & Pharmaceuticals, Others),
By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2025
Drivers: Global Polyolefin Market
The major factors contributing to the growth of the market includes factors such as Growing demand from Construction Sector Changing Raw Material Supply Scenario Significant Growth in Solar Power Industry

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SHIFT IN END-USER PREFERENCE TOWARDS FLEXIBLE PACKAGING
The rising demand of flexible films in the packaging industry has resulted in growth in the polymer market. Key players are continuously investing in R&D and developing innovating flexible films for various end uses. Flexible packaging offers benefits such as easy handling and storage, cost efficient, convenience in transportation and usage. The benefits of flexible packaging has resulted in increased use of polypropylene (PP), polyethylene (PE), the commonly used polymers in flexible packaging are polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and biaxially oriented polypropylene (BOPP) (Anyadike). Key advantages of flexible packaging over rigid packaging are that they are light weight, small pack size and energy saving ease of storage and transportation and convenient disposal.
The key companies engaged in the production of flexible packaging are Amcor Ltd. (Australia), Sealed Air Corporation (U.S.), Bemis Company Inc. (U.S.), Mondi (South Africa), Huhtamäki Oyj (Finland), and Sonoco Products (U.S.) Flexible packaging. The flexible packaging has various industrial applications such as cartons, boxes, bags, bottles, contains, pallets, bottles, jars, jugs, pouches, films, bags etc.
The shifting preference of packaging industries towards flexible packaging has led to increased usage of polyolefin in packaging industry.

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Some of the major players operating in this market are
• exxon mobil corporation,
• sabic, dowdupont ,
• lyondellbasell industries holdings b.v.,
• china national petroleum corporation,
• chevron phillips chemical company,
• arkema s.a.,
• total,
• ineos,
• reliance industries limited,
• lg chem.Polyone,
• tosoh corporation,
• formosa plastics corporation,
• borealis ag,
• akzo nobel n.v. L,
• sasol ltd., petrochina company limited, among others.
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