Polyethylene is one of the most versatile plastics in terms of physical characteristics, including density, tensile strength, and melting point. Its versatile physical characteristics coupled with low-cost and ease of production and recyclability are the key factors driving the growth of the global polyethylene market.
LONDON: The procurement research report on the polyethylene market is an indispensable part of SpendEdge’s chemicals category portfolio and offers an in-depth analysis of the key factors influencing strategic procurement decisions, supply market, pricing models, and procurement best practices. Furthermore, it also offers profound insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
The rigid plastic packaging segment has been the dominant consumer of polyethylene, driving the demand for High-Density Polyethylene. However, wrapped plastic films have seen an upsurge in demand in the last five years. These films are commonly used for packaging of food products.
“Purchasing managers must engage with several suppliers, preferably a blend of regional and global suppliers to reduce risks during the distribution of high-volume orders,” says Anil Seth, a chemicals industry procurement research specialist at SpendEdge.
The pricing of ethylene is dependent on the price of crude oil. The crude oil market is an oligopolistic market, with the Middle East controlling the global supply and pricing. The increase in the number of economic sanctions on countries such as Qatar and political instability in the region has led to increased volatility in the market. Volatility in raw material prices leads to interruptions in estimating demand and production planning.
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This procurement research report on the polyethylene market offers insights on:
- Supply markets, growth drivers, trends, and challenges
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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