Rapid Growth in Polyethylene Market

The global polyethylene market is segmented into application such as collectors, packaging, automotive, electrical and electronics and other application. Among these segments, packaging segment accounted for the biggest segment in overall polyethylene market and is expected to seize an outstanding CAGR by the end of 2024. Likely, adoption of polythene is predicted to increase owing to increasing consumer preference towards easy-to-open and transparent packaging that can preserve and protect the food item. This factor is projected to foster the growth of global packaging polyethylene market.