Top Emerging Trends in the Global Ethylene Copolymers Market | Technavio

LONDON–(BUSINESS WIRE)–#Polymers–Technavio’s latest market research report on the global
ethylene copolymers market provides an analysis of the most
important trends expected to impact the market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio analysts, the global
ethylene copolymers market will grow at a CAGR of close to 7% during
the forecast period. The progress in the food packaging industry is a
major factor driving the market’s growth.

Packaging keeps the food products safe from external conditions that can
potentially cause damage and ensures that the quality is maintained.
Consumer preference towards high-quality fresh food products with long
shelf lives has compelled manufacturers to develop safe packaging
materials. Technological innovations in packaging help in preserving the
quality of food products by protecting them from gases, UV rays, and
environmental damages. Ethylene copolymers are extensively used in the
food packaging industry. Therefore, the growth in the food packaging
industry will simultaneously drive growth in the global ethylene
copolymers market.

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In this report, Technavio highlights the increasing popularity of waste
packaging recycling as one of the key emerging trends driving the global
ethylene copolymers market:

Increasing popularity of waste packaging
recycling

Various regulatory bodies and governments across the globe implement
policies to improve waste management solutions. The purpose of their
policies is to reduce the negative impact of waste on the environment.
During the process of industrial manufacturing, a lot of waste is
generated that impacts the environment in a negative manner. Regulatory
bodies identify these wastes as one of their top four priorities.

“Packaging and plastic waste form a large portion of the overall
waste. A large amount of non-degradable plastics that are used during
the process of packaging causes toxic emissions during ignition. The
manufacturing process involves those raw materials that have short
lifespans, thereby turning into waste rapidly. The recycling of
packaging waste has a positive influence on the environment. Properties
of ethylene copolymers such as toughness, flexibility, and recyclability
have enabled their high adoption in the food packaging industry,” says
a senior analyst at Technavio for research on plastics,
polymers, and elastomers.

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Global ethylene copolymers market segmentation

This market research report segments the global ethylene copolymers
market into the following applications (hot melt adhesives, asphalt
modifications, and thermo adhesive films) and key regions (the Americas,
APAC, and EMEA).

The hot melt adhesives segment held the largest market share in 2017,
accounting for nearly 46% of the market. The market share for this
application is expected to increase nearly 1% by 2022.

APAC was the leading region for the global
ethylene copolymers market in 2017, accounting for a market
share of around 40%. By 2022, APAC is expected to continue its dominance
in the market and register a positive growth of nearly 1%.

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