Middle East & Africa Stretch And Shrink Films Market Size & Outlook
Middle East & Africa stretch and shrink films market, 2018-2030 (US$M)
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MEA stretch and shrink films market highlights
- The MEA stretch and shrink films market generated a revenue of USD 1,135.6 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,135.6 million |
| Market revenue in 2030 | USD 1,502.3 million |
| Growth rate | 4.1% (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, MEA region accounted for 6.3% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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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Middle East & Africa 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 19.33% in 2023. Horizon Databook has segmented the Middle East & Africa 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 films in the region exhibits limited product consumption, in terms of volume, due to the absence of a large number of food & beverage and pharmaceutical product manufacturing industries. A high proportion of food & beverage products consumed in the region is imported from the
North America and Europe regions, which, in turn, leads to limited product growth and consumption. However, the use of the product in locally produced processed food and bakery is expected to drive the market over the forecast period. In addition, the use of the product in wound care application in pharmaceutical industry is also expected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa stretch and shrink films market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA stretch and shrink films market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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