Based on Material Type Segment, The global market is segmented into low-density polyethylene (LDP) and high-density polyethylene (HDP). Low-density polyethylene dominates the global market and was valued at US$ 39.53 Bn in 2023. This LDP bag has a high demand in the market because of its chemical resistance capacity, softness, non-contaminating, non-toxic nature, etc. they are used for a variety of purposes like food packaging, carrier bags, merchant bags, garment bags, etc. because of all these nature LDP bags is expected to grow at a CAGR of 3.5% during the forecast period.
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