Market revenue in 2023 | USD 342.4 million |
Market revenue in 2030 | USD 443.4 million |
Growth rate | 3.8% (CAGR from 2023 to 2030) |
Largest segment | Ldpe |
Fastest growing segment | LDPE |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 32.39% in 2023. Horizon Databook has segmented the Mexico stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico represents a strong opportunity for U.S. exporters of plastic resins and products. According to the International Trade Administration (ITA), the country is counted among the top 5 export destinations of U.S. plastic resin exports in 2021, As per the data provided by the International Trade Administration, Mexico’s plastic production has grown steadily at a CAGR of 3.7% annually since 2017.
Despite inflation, global slowdown, and an overall slow recovery of the Mexican economy in 2022, Mexico’s plastic industry is seen to perform well. The factors contributing to this growth are the new orders received from the U.S. and Canada based on USMCA along with opportunities due to U.S. participation in selling plastic resins, molds, plastic parts, and capital equipment.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into Mexico stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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