South Africa Stretch And Shrink Films Market Size & Outlook
South Africa stretch and shrink films market, 2018-2030 (US$M)
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South Africa stretch and shrink films market highlights
- The South Africa stretch and shrink films market generated a revenue of USD 134.3 million in 2023 and is expected to reach USD 190.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, lldpe was the largest revenue generating resin in 2023.
- LDPE is the most lucrative resin segment registering the fastest growth during the forecast period.
Stretch and shrink films market data book summary
| Market revenue in 2023 | USD 134.3 million |
| Market revenue in 2030 | USD 190.8 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Lldpe |
| 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 |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.8% of the global stretch and shrink films market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa stretch and shrink films market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 190.8 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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South 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.
Lldpe was the largest segment with a revenue share of 31.5% in 2023. Horizon Databook has segmented the South Africa stretch and shrink films market based on ldpe, lldpe, pvc covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for stretch films in South Africa is expected to grow owing to the growing end-use industries such as construction, pharmaceutical, food processing, and consumer goods. The market in South Africa is expected to register notable growth in stretch films market due to the rising demand for consumer goods and pharmaceutical products in the country.
The growing demand for biodegradable packaging solutions is likely to trigger the popularity of polyethylene-based stretch films over the forecast period. Rising infrastructure spending and the growing construction & packaging industry in the economy is likely to boost the demand for stretch films in storage and transportation applications over the next seven years.
Food & beverage sector growth in the economy due to the growing domestic demand coupled with growing food processing industry is likely to have a positive impact on stretch films market growth over the next seven years.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa stretch and shrink films market , including forecasts for subscribers. This country databook contains high-level insights into South Africa stretch and shrink films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa stretch and shrink films market outlook size, by resin, 2018-2030 (US$M)
South Africa Stretch And Shrink Films Market Outlook Share, 2023 & 2030 (US$M)
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