Middle East & Africa Blow Molded Plastics Market Size & Outlook
Related Markets
MEA blow molded plastics market highlights
- The MEA blow molded plastics market generated a revenue of USD 3,406.5 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, injection blow molding was the largest revenue generating technology in 2023.
- Injection blow molding is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Gulf Cooperation Council is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,406.5 million |
| Market revenue in 2030 | USD 4,942.1 million |
| Growth rate | 5.5% (CAGR from 2024 to 2030) |
| Largest segment | Injection blow molding |
| Fastest growing segment | Injection blow molding |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extrusion blow molding, Injection blow molding, Strech blow molding, Compound Blow Molding |
| Key market players worldwide | 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.
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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Blow Molded Plastics Market Scope
Blow Molded Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gemini Group Global Corp | View profile | 4 | 1708 E Altheimer Road, Richmond Hill, ON, Canada | https://www.geminigrpglobalcorp.com |
| IAC Inc Ordinary Shares - New | View profile | 9500 | 555 West 18th Street, New York, NY, United States, 10011 | https://www.iac.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Comar | View profile | 251-500 | Voorhees, New Jersey, United States, North America | https://www.comar.com |
| Berry Global Group Inc | View profile | 44000 | 101 Oakley Street, Evansville, IN, United States, 47710 | https://www.berryglobal.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
MEA blow molded plastics market size, by country, 2018-2030 (US$M)
Middle East & Africa Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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