North America Linear Low-Density Polyethylene Market Likely To Touch At $19.6 Billion By 2027: Grand View Research Inc.
The North America linear low-density polyethylene market size is anticipated to reach USD 19.6 billion by 2027 , according to a new report by Grand View Research, Inc. It is projected to register at a CAGR of 3.9% during the forecast period. Increasing popularity of packaged foods is likely to boost the demand for linear low density polyethylene. The rapid expansion of retail stores across U.S. and Canada has driven the demand for packaged foods coupled with increasing consumption of fresh food products, positively influencing the market growth. Favorable federal regulations laid down by agencies, such as the Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) regarding carbon emissions along with the initiatives to develop plastics application for the development of lightweight and fuel efficient cars are likely to augment the growth of North America LLDPE market. Packaged foods have been gaining popularity in U.S. owing to various f