Middle East & Africa Thermoformed Plastic Market Size & Outlook
Middle East & Africa thermoformed plastic market, 2019-2030 (US$M)
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MEA thermoformed plastic market highlights
- The MEA thermoformed plastic market generated a revenue of USD 1,266.4 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polymethyl methacrylate (PMMA) is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,266.4 million |
| Market revenue in 2030 | USD 1,735.4 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polymethyl methacrylate (PMMA) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymethyl methacrylate (PMMA), Bio-degradable polymers, Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), Poly vinyl chloride (PVC), High impact polystyrene (HIPS), Polystyrene (PS), Polypropylene (PP) |
| Key market players worldwide | Pactiv Evergreen Inc Ordinary Shares, Genpak, Sonoco Products Co, Packaging Corp of America, PLACON, Brentwood Industries, Greiner Bio-One, Palram Industries (1990) Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.6% of the global thermoformed plastic 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 10,030.3 million by 2030.
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Thermoformed Plastic Market Scope
Thermoformed Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa thermoformed plastic 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 thermoformed plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 21.95% in 2023. Horizon Databook has segmented the Middle East & Africa thermoformed plastic market based on polymethyl methacrylate (pmma), bio-degradable polymers, polyethylene (pe), acrylonitrile butadiene styrene (abs), poly vinyl chloride (pvc), high impact polystyrene (hips), polystyrene (ps), polypropylene (pp) covering the revenue growth of each sub-segment from 2019 to 2030.
The Middle East & Africa market is expected to witness growth owing to enormous infrastructure development in the UAE and Saudi Arabia. Rapid industrialization coupled with improving manufacturing infrastructure in the Middle East and Africa is expected to positively impact the demand for thermoformed plastics.
African countries such as Mozambique, Tanzania, and Libya are expected to witness an economic boom on account of abundant raw material availability and rapid industrialization, which, in turn, is likely to fuel the demand for injection molded plastics over the forecast period.
The increasing residential building & construction sector in the Middle East & Africa is also driving the demand for related materials and components. Significant new investments in housing and public works are expected to boost infrastructure growth in Saudi Arabia and UAE, thereby, augmenting product demand over the upcoming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa thermoformed plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa thermoformed plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Thermoformed Plastic Market Outlook Share, 2023 & 2030 (US$M)
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