CATEGORY

HDPE

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CATEGORY ALERTS

Braskem on plant maintenance

July 27, 2022
alert level: Low

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HDPE Market Monitoring Dashboard


Price Trend
1657.00
Jan-2023
USD/MT
History Forecast
Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

HDPE Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in HDPE category is 6.50%

Payment Terms

(in days)

The industry average payment terms in HDPE category for the current quarter is 85.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    HDPE Suppliers


    4,172
    Total Suppliers
    60
    Diverse Suppliers
    85
    Normalized Supplier Rating
    HDPE Supplier

    Find the right-fit hdpe supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.


    Creditsafe Rating


    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated


    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    HDPE market frequently asked questions


    The global HDPE prices dropped in 2019, and the trend is likely to remain intact in 2020. However, the prices in some regions have been gradually increasing in 2021. Overall, the worldwide HDPE prices will click $960-1030/MT over the long run.

    The global HDPE prices dropped in 2019, and the trend is likely to remain intact in 2020. However, the prices in some regions have been gradually increasing in 2021. Overall, the worldwide HDPE prices will click $960-1030/MT over the long run.

    While the global HDPE production stands at 49.5 MMT, the demand will grow at 2-4% CAGR during 2019–2024, as per Beroe’s market study.

    While the global HDPE production stands at 49.5 MMT, the demand will grow at 2-4% CAGR during 2019–2024, as per Beroe’s market study.

    End-users are mainly utilizing HDPE in the blow molding process to manufacture cosmetics and household products – shampoo bottles and beauty product containers. Moreover, rising soft drink consumption is likely to drive the demand for blow molding grade HDPE.

    End-users are mainly utilizing HDPE in the blow molding process to manufacture cosmetics and household products – shampoo bottles and beauty product containers. Moreover, rising soft drink consumption is likely to drive the demand for blow molding grade HDPE.

    With a supply of 18.4 MMT, Asia Pacific (APAC) will remain the ground zero of lucrative opportunities for HDPE manufacturers. Within APAC, the Asian HDPE market will grow at 3-5% CAGR owing to surging per capita plastic utilization. Further, while North America produces 9.4 MMT HDPE annually, the number hits 8.4 MMT in Europe.

    With a supply of 18.4 MMT, Asia Pacific (APAC) will remain the ground zero of lucrative opportunities for HDPE manufacturers. Within APAC, the Asian HDPE market will grow at 3-5% CAGR owing to surging per capita plastic utilization. Further, while North America produces 9.4 MMT HDPE annually, the number hits 8.4 MMT in Europe.

    The prices of HDPE are decreasing due to capacity additions of 4-6 MMT in China and the US individually over the coming two years.

    The prices of HDPE are decreasing due to capacity additions of 4-6 MMT in China and the US individually over the coming two years.

    The demand for HDPE has significantly reduced in the construction and automotive sectors due to the COVID-19, broadening the supply-demand gap. However, usage of HDPE in the consumer & personal care and food & beverage industries remain healthy in the future.

    The demand for HDPE has significantly reduced in the construction and automotive sectors due to the COVID-19, broadening the supply-demand gap. However, usage of HDPE in the consumer & personal care and food & beverage industries remain healthy in the future.

    HDPE market report transcript


    Global Market Outlook on HDPE

    • The global demand is expected to grow at 2-4 percent CAGR through 2019–2024
    • Asia will remain the key demand driver with an expected growth of 3-5 percent, due to the increase in per capita consumption of plastics
    • Blow molding applications and food/non-food packaging applications are expected to be the key segments driving the growth across the regions
    • The Mi ddle East and North America are supply surplus regions, while As ia, LATAM, and Europe are trade deficit regi ons. The trendi s broadly expected to continue in the next five years 
    • Global HDPE prices decreased in 2019 and expected to drop in 2020, hence the market size to drop. In 2021, prices in some regions to increase hence market size to increase. The global HDPE prices is expected to be in the range of 960-1030 $/MT in the long term
    • Capacity additions is the another major factor for drop in the prices. China and the US are expected to add another 4-6 Million MT in the next 2 years.

    COVID-19 Impact on HDPE 

    • HDPE market was significantly impacted by COVID-19 in Q2 2020 as demand from industrial (construction and automotive) witnessed steep decline, which resulted in adequate supply and lower demand. The prices in Q2 2020 were traded at record lows and some plants went offline due to labor shortages.
    • As businesses are faced with unexpected closures and demand uncertainties, HDPE demand from automotive and construction industries which accounts for ~15 percent market share had a major impact
    • HDPE demand from food & beverages remained healthy and consumer & personal care industry demand remained steady in Q2 2020.
    • Demand broadly recovered in all the sectors by Q3 2020

     Global HDPE Demand by Application

    The global HDPE growth is expected to be driven by the increase in demand for blow molding application (containers, jars, bottles) which are applicable in consumer goods and personal care industry

    Downstream Demand Outlook

    • The global HDPE demand is expected to grow at 2-4 percent CAGR driven by CPG and food & beverages industry–Growth in cosmetics & house hold products (shampoo, hygiene and beauty products) would be the major demand driver for blow moulding applications–Food packaging demand is driven by increase in snacks, meat, poultry, and frozen foods where HDPE film is majorly used. Increase in soft drinks would be another major demand driving industry for HDPE Blow Moulding Grade
    • HDPE usage is increasing in potable water pipes as regulations demand elimination of PVC pipes containing lead stabilizers for such applications.
    • The impact on industrial HDPE is low to medium on the overall HDPE market, since the market share is ~10-13 percent and packaging industry to drive the HDPE demand growth.

    Industry Drivers and Constraints  

    Drivers

    • Demand from CPG industry: The demand for bottles from the consumer goods segment is expected to be steady which would be major driver. Moreover, growth from cosmetics industry would be secondary demand driver
    • Demand from Pharmaceutical Industry:. Increased preference of HDPE bottles in pharma industry due to its price and properties in the recent years to be another major driver

    Constraints

    • Europe and US recycling targets: The European Union has set its targets for recycling to over 40 percent by 2025, which is expected to curb the demand for virgin HDPE in the market•Drop in feedstock availability: The demand from gasoline is expected to drop across the globe in 2020-2021 period, which in turn would have an effect on the crude oil distillation process, through which naphtha is derived. Hence the availability of feedstock would be affected marginally which could have an impact on the growth of HDPE in the short term