Latin America Plastic Films And Sheets Market Size & Outlook
Latin America plastic films and sheets market, 2019-2030 (US$M)
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Latin America plastic films and sheets market highlights
- The Latin America plastic films and sheets market generated a revenue of USD 4,630.5 million in 2022.
- The market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, ldpe/lldpe was the largest revenue generating product in 2022.
- BOPP is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4,630.5 million |
| Market revenue in 2030 | USD 6,615.2 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Ldpe/lldpe |
| Fastest growing segment | BOPP |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LDPE/LLDPE, PVC, PA, BOPP, HDPE, CPP |
| Key market players worldwide | Toray Industries Inc, Toyobo Co Ltd, Berry Global Group Inc, SABIC, Sealed Air Corp, Dow Inc, DuPont de Nemours Inc, Amcor PLC, Uflex, British Polythene Industries Plc, Novolex |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.9% of the global plastic films and sheets market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 37,372.3 million by 2030.
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Plastic Films And Sheets Market Scope
Plastic Films And Sheets Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America plastic films and sheets 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 plastic films and sheets market will help companies and investors design strategic landscapes.
Ldpe/lldpe was the largest segment with a revenue share of 51.49% in 2022. Horizon Databook has segmented the Latin America plastic films and sheets market based on ldpe/lldpe, pvc, pa, bopp, hdpe, cpp covering the revenue growth of each sub-segment from 2019 to 2030.
Brazil, Argentina, Colombia, Peru, and others are the high growth potential markets in the region which are characterized by booming industrial sector and growing GDP per capita. Increasing automotive production in these countries as mitigation from the U.S. is expected to act as a primary driving force for the region’s growth in future.
Venezuela, and Brazil are among the largest producer of crude oil in Latin America who help these countries to receive massive investments each year. These countries have a significant crude oil production which is helping the plastic industry to prosper.
Apart from nations as mentioned above, no other country has a conventional crude oil production due to which they lack in plastic production. Even though the average annual plastic consumption in the MEA is approximately 40 kg per person, which is one of the highest in the world, there exists a lack of availability of raw materials in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America plastic films and sheets market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plastic films and sheets market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plastic films and sheets market size, by country, 2019-2030 (US$M)
Latin America Plastic Films And Sheets Market Outlook Share, 2022 & 2030 (US$M)
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