South Africa In-mold Labels Market Size & Outlook
South Africa in-mold labels market, 2018-2030 (US$M)
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South Africa in-mold labels market highlights
- The South Africa in-mold labels market generated a revenue of USD 12.5 million in 2023 and is expected to reach USD 15.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating material in 2023.
- Polypropylene (PP) is the most lucrative material segment registering the fastest growth during the forecast period.
In-mold labels market data book summary
| Market revenue in 2023 | USD 12.5 million |
| Market revenue in 2030 | USD 15.4 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene (PP), Polyethylene (PE), Polycarbonate (PC), Acrylonitrile Butadiene Styrene |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global in-mold labels market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia in-mold labels market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 15.4 million by 2030.
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In-Mold Labels Market Scope
In-Mold Labels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa in-mold labels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in-mold labels market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 50.4% in 2023. Horizon Databook has segmented the South Africa in-mold labels market based on polypropylene (pp), polyethylene (pe), polycarbonate (pc), acrylonitrile butadiene styrene covering the revenue growth of each sub-segment from 2018 to 2030.
In April 2024, TIGER BRANDS, a major South African food producer, announced plans to open a new peanut butter manufacturing plant in Midrand, Gauteng. The plant is expected to help the company reduce costs and drive innovation in its peanut butter product line.
The new facility is anticipated to produce 35,000 tons of peanut butter annually, making it one of the largest peanut butter plants in Africa. The increased production capacity and cost savings from the new plant are expected to allow the company to invest in developing new peanut butter products and flavors, driving innovation in the category.
The expansion of peanut butter production is expected to increase the demand for in-mold labels used in packaging peanut butter jars, as in-mold labels provide high-quality branding and product information directly molded into the packaging.
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Our clientele includes a mix of in-mold labels market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa in-mold labels market , including forecasts for subscribers. This country databook contains high-level insights into South Africa in-mold labels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa in-mold labels market size, by material, 2018-2030 (US$M)
South Africa In-Mold Labels Market Outlook Share, 2023 & 2030 (US$M)
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