Middle East & Africa Blow Molded Plastics Market Size & Outlook
The blow molded plastics market in Middle East & Africa is expected to reach a projected revenue of US$ 4,942.1 million by 2030. A compound annual growth rate of 5.5% is expected of Middle East & Africa blow molded plastics market from 2024 to 2030.
Gemini Group Global Corp, Exxon Mobil Corp, LyondellBasell Industries NV Class A, INEOS, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, Dow Inc, Comar
Other key industry trends
In terms of revenue, MEA region accounted for 4.3% of the global blow molded plastics 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 48,192.8 million by 2030.
The blow molded plastic market in the region is expected to be driven by the growth of end-use industries such as packaging, automotive, and consumer goods. Growing automotive aftermarket and easy raw material availability (plastic resins & additives) are also likely to provide the necessary thrust for the market growth. The MEA region is the world leader in crude oil production.
Many major countries of the MEA region are dependent on oil business, such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran. All the OPEC countries, excluding Venezuela and Ecuador, are located in the MEA region.
The OPEC was once formed to formulate the global oil supply and maintain the global demand-supply along with oil prices. The demand for blow molded plastic products in the MEA region was significant in 2019 owing to massive oil production in the region and is expected to further rise over the forecast period.
Middle East & Africa Blow Molded Plastics 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 Blow Molded Plastics Market Outlook will help companies and investors design strategic landscapes.
Injection Blow Molding was the largest segment with a revenue share of 34.77% in 2023.
Horizon Databook has segmented the Middle East & Africa blow molded plastics market based on extrusion blow molding, injection blow molding, strech blow molding, compound blow molding covering the revenue growth of each sub-segment from 2018 to 2030.
The blow molded plastic market in the region is expected to be driven by the growth of end-use industries such as packaging, automotive, and consumer goods. Growing automotive aftermarket and easy raw material availability (plastic resins & additives) are also likely to provide the necessary thrust for the market growth. The MEA region is the world leader in crude oil production.
Many major countries of the MEA region are dependent on oil business, such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran. All the OPEC countries, excluding Venezuela and Ecuador, are located in the MEA region.
The OPEC was once formed to formulate the global oil supply and maintain the global demand-supply along with oil prices. The demand for blow molded plastic products in the MEA region was significant in 2019 owing to massive oil production in the region and is expected to further rise over the forecast period.
Middle East & Africa Blow Molded Plastics Market Technology Outlook (Revenue, USD Million , 2018-2030)
Extrusion blow molding
Injection blow molding
Strech blow molding
Compound Blow Molding
Middle East & Africa Blow Molded Plastics Market Product Outlook (Revenue, USD Million , 2018-2030)
Polypropylene (PP)
Acrylonitrile Butadiene Styrene (ABS)
Polyethylene (PE)
Polystyrene (PS)
Polyinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Polyamide (PA)
Other Products
Middle East & Africa Blow Molded Plastics Market Application Outlook (Revenue, USD Million , 2018-2030)
Packaging
Consumables & Electronics
Automotive & Transport
Building & Construction
Medical
Other Applications
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Blow Molded Plastics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Blow Molded Plastics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Blow Molded Plastics Market, 2018-2030 (US$M)