Middle East & Africa Plastic Pallets Market Size & Outlook
Middle East & Africa plastic pallets market, 2018-2030 (US$M)
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MEA plastic pallets market highlights
- The MEA plastic pallets market generated a revenue of USD 493.5 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, high-density polyethylene was the largest revenue generating material in 2023.
- Polypropylene is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 493.5 million |
| Market revenue in 2030 | USD 731.8 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-Density Polyethylene, Low-Density Polyethylene, Polypropylene |
| Key market players worldwide | Allstate Corp, Cabka, ORBIS Corp., Rehrig Pacific Company, Monoflo International, Polymer Solutions International, Perfect Pallets, TranPak |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.5% of the global plastic pallets market in 2023.
- 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 3,934.4 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa plastic pallets 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 pallets market will help companies and investors design strategic landscapes.
High-density polyethylene was the largest segment with a revenue share of 67.64% in 2023. Horizon Databook has segmented the Middle East & Africa plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to the growing manufacturing sector in the region. Countries such as the UAE, South Arabia, Kuwait, and South Africa are emerging as manufacturing hubs in the region.
Initiatives by various governments in the Middle East to reduce the dependency on oil & gas industry are expected to create several opportunities for industries such as food & beverage, pharmaceutical, healthcare, and consumer goods, thereby driving the demand for plastic Pallet in the region.
The Middle Eastern countries are largely dependent on the export of crude oil and other petroleum products. The demand for crude oil is increasing in countries such as India, China, Brazil, and the U.S. This is expected to boost exports from the Middle East. Increasing exports, in turn, are expected to augment the demand for plastic Pallet that are crucial in supply chain logistics.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa plastic pallets market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA plastic pallets market size, by country, 2018-2030 (US$M)
Middle East & Africa Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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