HDPE - Procurement Intelligence | ELINT Market Research

Procurement Market Intelligence Report

HDPE – Procurement Best Practices & Sourcing Strategies

HDPE Market – Executive Summary, Market Analysis, Industrial Analysis, Market Monitoring Insights, Supplier Selection & Sustainability and Innovation Initiatives, Industry Best Practices & Country Analysis

1. Executive Summary
1.1. Global Market Outlook
1.2. Supply Market Outlook
1.3. Demand Market Outlook
1.4. Beroe’s Recommendations for an Ideal Category Strategy
1.5. Category Opportunities & Risks
1.6. Industry Best Practice
1.7. CATEGORY SUMMARY: Impact of Russia-Ukraine Crisis
2. Market Analysis
2.1. Global Market Size: HDPE
2.2. Global Capacity–Demand Analysis
2.3. Global Demand by Application
2.4. Global Market Outlook
2.5. Global Trade Dynamics
2.5.1. Global Imports
2.5.2. Global Exports
2.6. Regional Market Outlook (North America, Europe and Asia, LATAM, and MEA)
2.6.1. Supply–Demand Trends and Outlook
2.6.2. Trade Dynamics
2.7. Russia-Ukraine Crisis Impact
3. Industrial Analysis
3.1. Industry Outlook (North America, Europe and Asia, LATAM, and MEA)
3.1.1. Drivers and Constraints for the Industry
3.1.2. Porter’s Five Forces Analysis
3.1.3. Industry Events
3.1.4. Planned Capacity Additions
4. Market Monitoring Insights
4.1. Cost and Price Analysis (US, Europe, Asia, LATAM, and MEA)
4.1.1. Cost Structure Analysis
4.1.2. Price Analysis: HDPE (North America, Europe, Asia, LATAM, and MEA)
4.2. Purchasing Process: RFP/RFI Questionnaire
5. Supplier Selection & Sustainability and Innovation Initiatives
5.1. Supplier Section
5.2. Sustainability Initiatives
5.3. Key Innovations
6. Industry Best Practices & Country Analysis
6.1. Contract Structures
6.2. Industry Best Practices

  1. What is the future prediction for the global high-density polyethylene (HDPE) market?

As per ELINT’s procurement intelligence report, the global HDPE market is expected to reach $166.4 billion by 2028 at a CAGR of 10.1%.


  1. What are the major growth factors for the international HDPE industry?

Major factors that propel the development of the international HDPE industry include the rise in eco-friendly packaging solutions, infrastructural projects, the medicine sector, e-commerce movements, HDPE-based 3d printing, etc.


  1. Which country emerged as a significant contributor to the HDPE market?

Key countries including Asia-Pacific, North America, Western Europe, Africa, etc emerged as significant contributors in the high-density polyethylene market.



High-Density Polyethylene (HDPE) Market Global Size:

According to ELINT Market Research’s high-density polyethylene (HDPE) procurement market research report, the global capacity was estimated at 63.61 MMT in the year 2023. Further, the HDPE chemicals’ global demand was calculated at 46.48 MMT in the same forecasted period. Also, this demand is anticipated to further develop at 2-4% CAGR from 2021-2025.

Market Definition:

High-density polyethylene (HDPE) market assists in fulfilling the worldwide packaging requirements of diverse sectors like construction, automobile, farming, infrastructure, medicine, consumer products, food & beverage items, etc. HDPE is a weightless, robust, and chemical-resistant material, that helps in sealing and protecting goods from environmental impacts in jars, bottles, and other distinct containers.

High-Density Polyethylene (HDPE) Market Drivers:

  1. Packaging of Consumer Packaged Goods (CPG) –

One of the major growth drivers for the high-density polyethylene market is the increasing use of HDPE in the packaging of consumer packaged goods since it is lightweight, resilient, and chemical resistant. Thus, this material greatly helps in packing various everyday goods.


  1. Demand for Food & Beverages Packaging –

Food and beverage industries are also massively employing high-density polyethylene chemicals to pack their products in jars, bottles, and other containers. Also, HDPE resists moisture and chemicals and protects food and non-food items from environmental impacts.


  1. Expansion in Construction Sector –

The construction industry uses high-density polyethylene for multiple applications such as films or sheets, geosynthetics, and pipes since HDPE has qualities like robustness, flexibility, etc. Thus, infrastructure project managers vastly depend on HDPE chemicals.

High-Density Polyethylene (HDPE) Market Challenges:

  1. Capacity Additions in China –

One of the key challenges that the global high-density polyethylene (HDPE) market faces is due to capacity additions in China, which makes this region self-sufficient for HDPE. Hence, as China increased HDPE production capacities, the possibility of oversupply occurred, and suppliers could feel high competition in the global market.


  1. Environmental Safety Concerns –

Increasing awareness for sustainable high-density polyethylene products driving challenges among manufacturers. The main reason for this challenge is that HDPE is a widely use plastic, whose disposal is quite troublesome.


  1. Changing Raw Material Prices –

Crude oil and natural gas are two key components that assist in the production of high-density polyethylene. Thus, any kind of fluctuations in these raw material prices can hamper production costs for HDPE manufacturers.

High-Density Polyethylene (HDPE) Market Opportunities:

  1. Rise of Recycled High-Density Polyethylene Products –

As people are becoming aware of recycling methods to protect the atmosphere, HDPE manufacturers also experiencing wonderful opportunities of investing in recycling methods for HDPE products.


  1. Growing Demand Due to Ongoing Infrastructure Development –

Different infrastructure development projects like water and gas pipeline manufacturing are propelling the high demand for high-density polyethylene materials. Thus, manufacturers got the amazing opportunity to supply their HDPE goods to local industries.

High-Density Polyethylene (HDPE) Market Segmentation:

  1. Diverse End Users of HDPE –

Various global industries employ high-density polyethylene including building, packaging, automobile, farming, consumer products, etc. due to its durability and chemical resistance features.


  1. Type of Product –

The high-density polyethylene comprises distinct types like hinged molding, cube molding, and film grades, which assist in multiple industrial operations. Thus, HDPE producers can meet specific industry requirements with their products.

Supplier and Buyer Powers in the High-Density Polyethylene (HDPE) Market –

The global high-density polyethylene market is divided into multiple regions, each with different supplier and buyer strengths. In this context, the foremost region is North America, which holds high supplier power, which suggests that HDPE manufacturers and suppliers are constantly emerging in this nation. Conversely, this country has low buyer power.


Moreover, another prominent nation is the European Union (EU) whose both supplier and buyer strengths are calculated as a medium, which depicts balanced relations between HDPE manufacturers, suppliers, and purchasers. Lastly, the Asia nation possesses medium supplier authority, implying fewer HDPE distribution activities; contrarily its buyer power is evaluated as high. As a result, buyers have a significant role in the HDPE market dynamics of this country.

Engagement Strategies in the High-Density Polyethylene (HDPE) Market –

The high-density polyethylene market exhibits distinct engagement strategies for different countries. North American nations employ a contractual strategy in which both HDPE suppliers and purchasers obtain resilience and predictability. Furthermore, Asia utilizes the spot transaction method; thus, manufacturers and their consumers can make on-spot contracts and even make adaptations to it in response to market changes. Additionally, Europe adopted a hybrid engagement approach, which links both contractual and on-the-spot methods to drive balance in the long-term commitments of sellers and purchasers.

Impactful Cost Components in the High-Density Polyethylene (HDPE) Market –

Some of the key regions comprise a substantial amount of share for raw materials, which mainly assists in high-density polyethylene manufacturing. Thus, raw materials prices can be considered as an impactful cost component and any kind of shift in its prices could hamper the overall HDPE production expenditure. Hence, the prominent countries that have significant stakes in raw material prices include North America at 75%, the European Union at 82%, Asia at 86%, MEA at 77%, and LATAM at 79%.

Price Outlook in the High-Density Polyethylene (HDPE) Market –

The high-density polyethylene material prices are showing varying outlooks in diverse regions when comparing the second quarter of 2023 with the first quarter. Hence, the major countries that encountered a substantial percentage increase in HDPE costs include North America at 1.6%, the EU at 1.0%, Asia at 2.1%, LATAM at 2.6%, and MEA at 3.1%

Major Supply Markets in the High-Density Polyethylene (HDPE) Market –

Multiple prominent regions are contributing to the worldwide supply chain of high-density polyethylene chemicals. Also, these countries maintain significant supply rates for HDPE, which include North America at 19%, the EU at 15%, Asia at 40%, MEA at 21%, and LATAM at 4%. These promising numbers illustrate that Asia and the MEA are the leading nations and massively contributing to the global supply markets of HDPE.


Contract Period in the High-Density Polyethylene (HDPE) Market –

Manufacturers and their consumers operating in the high-density polyethylene material market employ contracts of an average length of one year. This medium-length contract offers stability and assurance to both parties; also, they can foster their relations for an extended duration by committing to and fulfilling each other’s requirements.

Leading Suppliers in the High-Density Polyethylene (HDPE) Market:

Suppliers play a crucial role in satisfying the growing need for HDPE chemicals across various industries and people. These leading suppliers include ExxonMobil​, Dow Chemicals​, Formosa​, Westlake​, LyondellBasell, Dow​, Borealis​, LyondellBasell​, SABIC​, Braskem​, PEMEX​, Sinopec​, PetroChina​, Hanhwha​, Lotte Chemicals​, and Reliance​.

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