The global polyolefin market generated a revenue of 152 million metric tons in 2016 and is expected to reach 263 million metric tons by 2025, witnessing a CAGR of 6.38% between 2017 and 2025, according to a recent market report of Inkwood Research. In terms of application, the global polyolefin market is segmented into packaging, automotive, electronics, agriculture, construction materials, healthcare, consumer goods, and others. The packaging segment is projected to dominate the polyolefin market. Polyolefin is most commonly used for packaging of foods, soft drinks, and water bottles, and medical packaging. The automotive segment is expected to be the third largest application in the polyolefin market, owing to its excellent properties in corrosion resistance, flexible in nature, recyclability, ease of molding, comfort, and safety. On the basis of material type, the global polyolefin market is segmented into HDPE, LDPE, LLDPE, polypropylene (PP), recycling PP, and potential replacement for conventional materials. PP market is anticipated to lead the global polyolefin market. HDPE or polyethylene high density (PE-HD) holds the second largest market share in the polyolefin market. The growing demand for food and beverage packaging and use of plastic pipes instead of metal because of less cost are the major factors driving the market. In terms of geography, the global polyolefin market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. The polyolefin market in Asia Pacific is projected to occupy the largest share by 2025 because of the increasing demand for automobiles, which in turn is driving the demand for polyolefin in the region. Furthermore, with the changing lifestyles of the consumers in the region, the demand for packaged and ready-to-eat food is increasing, which in turn is propelling the growth of packaging industry, especially food & beverage packaging sector. Hence, the growth of packaging industry is driving the demand and application for polyolefin in Asia Pacific. Due to the increasing demand and application in automotive, electronics, and packaging industries, the global polyolefin market has been constantly growing. Among the polyolefins, polypropylene usage in the food & beverage packaging has expanded considerably due to the rising demand for flexible packaging. Polyolefins are also widely used in blow molding and injection molding. Additionally, the usage of polyolefins in other advanced and innovative applications are presenting significant opportunities in the polyolefin market. However, factors such as changes in fossil fuel prices, production capacity patterns, import, and export of natural gas and oil, changes in demand & production capacity of polyolefin may restrict the market growth. Key players in the global polyolefin market include AkzoNobel N.V., Arya Sasol Polymer, Asahi Kasei, BASF, Braskem S.A, Chevron Phillips Inc, Dow Chemical Company, DuPont, ExxonMobil, Evonik Industries, Formosa Plastics Corporation, Indian Petrochemicals Corporation, LyondellBasell Industries, Mitsubishi Chemical Holdings, PTT Group, PolyOne Corporation, Rogers Corporation, Saudi Basic Industries Corporation (SABIC), Toray Industries and Petroliam Nasional Berhad (Petronas).