Latin America Stretch And Shrink Films Market Size & Outlook
Latin America stretch and shrink films market, 2018-2030 (US$M)
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Latin America stretch and shrink films market highlights
- The Latin America stretch and shrink films market generated a revenue of USD 1,291.8 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, ldpe was the largest revenue generating resin in 2023.
- LDPE is the most lucrative resin segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,291.8 million |
| Market revenue in 2030 | USD 1,846.6 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Ldpe |
| Fastest growing segment | LDPE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LDPE, LLDPE, PVC |
| Key market players worldwide | Berry Global Group Inc, Amcor PLC, Bank of America Corp, Bollore SE, American Eagle Outfitters Inc, Coveris, AG Barr PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.2% of the global stretch and shrink films 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 11,760.3 million by 2030.
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Stretch And Shrink Films Market Scope
Stretch And Shrink Films Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America stretch and shrink films 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 stretch and shrink films market will help companies and investors design strategic landscapes.
Ldpe was the largest segment with a revenue share of 34.01% in 2023. Horizon Databook has segmented the Latin America stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
The market for stretch and shrink film in the region is expected to be driven by the growing demand for the improvement of food texture in food & beverage industry. In addition, the growth of food & beverage industry in the region is expected to result in an increased demand for stretch films, which, in turn, is likely to lead to market growth.
The demand for lightweight packing materials for industrial applications is expected to drive the market over the forecast period. The region is characterized by an increasing consumption of processed convenience foods, which, in turn, is likely to drive the demand for stretch films over the forecast period.
In addition, the demand for the product is expected to be driven by the presence of favorable regulations in the region allowing the use of the product for packaging in food & beverage and pharmaceutical industries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America stretch and shrink films market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America stretch and shrink films market outlook size, by country, 2018-2030 (US$M)
Latin America Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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