Latin America Plastic Films And Sheets Market Size & Outlook
The plastic films and sheets market in Latin America is expected to reach a projected revenue of US$ 20,957.3 million by 2030. A compound annual growth rate of 6.2% is expected of Latin America plastic films and sheets market from 2024 to 2030.
Latin America plastic films and sheets market highlights
The Latin America plastic films and sheets market generated a revenue of USD 13,724.1 million in 2023.
The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
In terms of segment, ldpe/lldpe was the largest revenue generating product in 2023.
BOPP is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
Market revenue in 2023
USD 13,724.1 million
Market revenue in 2030
USD 20,957.3 million
Growth rate
6.2% (CAGR from 2024 to 2030)
Largest segment
Ldpe/lldpe
Fastest growing segment
BOPP
Historical data covered
2019 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
LDPE/LLDPE, PVC, PA, BOPP, HDPE, CPP
Key market players worldwide
Toray Industries Inc, Toyobo Co Ltd, Berry Global Group Inc, SABIC, Sealed Air Corp, Dow Inc, DuPont de Nemours Inc, Amcor PLC, Uflex, British Polythene Industries Plc, Novolex
Other key industry trends
In terms of revenue, Latin America region accounted for 10.2% of the global plastic films and sheets 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 87,717.1 million by 2030.
Brazil, Argentina, Colombia, Peru, and others are the high growth potential markets in the region which are characterized by booming industrial sector and growing GDP per capita. Increasing automotive production in these countries as mitigation from the U.S. is expected to act as a primary driving force for the region’s growth in future.
Venezuela, and Brazil are among the largest producer of crude oil in Latin America who help these countries to receive massive investments each year. These countries have a significant crude oil production which is helping the plastic industry to prosper.
Apart from nations as mentioned above, no other country has a conventional crude oil production due to which they lack in plastic production. Even though the average annual plastic consumption in the MEA is approximately 40 kg per person, which is one of the highest in the world, there exists a lack of availability of raw materials in the region.
Latin America Plastic Films And Sheets 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 Plastic Films And Sheets Market Outlook will help companies and investors design strategic landscapes.
Ldpe/Lldpe was the largest segment with a revenue share of 40.68% in 2023.
Horizon Databook has segmented the Latin America plastic films and sheets market based on ldpe/lldpe, pvc, pa, bopp, hdpe, cpp covering the revenue growth of each sub-segment from 2019 to 2030.
Brazil, Argentina, Colombia, Peru, and others are the high growth potential markets in the region which are characterized by booming industrial sector and growing GDP per capita. Increasing automotive production in these countries as mitigation from the U.S. is expected to act as a primary driving force for the region’s growth in future.
Venezuela, and Brazil are among the largest producer of crude oil in Latin America who help these countries to receive massive investments each year. These countries have a significant crude oil production which is helping the plastic industry to prosper.
Apart from nations as mentioned above, no other country has a conventional crude oil production due to which they lack in plastic production. Even though the average annual plastic consumption in the MEA is approximately 40 kg per person, which is one of the highest in the world, there exists a lack of availability of raw materials in the region.
Latin America Plastic Films And Sheets Market Product Outlook (Revenue, USD Million , 2021-2033)
LDPE/LLDPE
PVC
PA
BOPP
HDPE
CPP
Others
Latin America Plastic Films And Sheets Market Application Outlook (Revenue, USD Million , 2021-2033)
Packaging
Non-Packaging
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Plastic Films And Sheets Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Plastic Films And Sheets Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Plastic Films And Sheets Market, 2021-2033 (US$M)