Middle East & Africa Plastic Films And Sheets Market Size & Outlook
The plastic films and sheets market in Middle East & Africa is expected to reach a projected revenue of US$ 12,881.1 million by 2030. A compound annual growth rate of 5.8% is expected of Middle East & Africa plastic films and sheets market from 2024 to 2030.
The MEA plastic films and sheets market generated a revenue of USD 8,666.3 million in 2023.
The market is expected to grow at a CAGR of 5.8% 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.
MEA data book summary
Market revenue in 2023
USD 8,666.3 million
Market revenue in 2030
USD 12,881.1 million
Growth rate
5.8% (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, MEA region accounted for 6.4% 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.
The overall market in the Middle East is witnessing substantial growth rate over the forecast period. Improving levels of standard of living coupled with growing healthcare and consumer goods industry would create lucrative opportunities for plastic films and sheets market in upcoming years.
Countries such as Saudi Arabia, UAE, South Africa and Iran are the major growth driver for the market. Infrastructural developments and rising per capita income have supplemented demand for plastic films & sheets from these countries.
Pharmaceutical industry growth in Middle East, especially Saudi Arabia, on account of rising health expenditure coupled with government support is expected to have a positive impact on plastic packaging market growth over the next nine years.
Middle East & Africa 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 Middle East & Africa 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.
The overall market in the Middle East is witnessing substantial growth rate over the forecast period. Improving levels of standard of living coupled with growing healthcare and consumer goods industry would create lucrative opportunities for plastic films and sheets market in upcoming years.
Countries such as Saudi Arabia, UAE, South Africa and Iran are the major growth driver for the market. Infrastructural developments and rising per capita income have supplemented demand for plastic films & sheets from these countries.
Pharmaceutical industry growth in Middle East, especially Saudi Arabia, on account of rising health expenditure coupled with government support is expected to have a positive impact on plastic packaging market growth over the next nine years.
Middle East & Africa Plastic Films And Sheets Market Product Outlook (Revenue, USD Million , 2021-2033)
LDPE/LLDPE
PVC
PA
BOPP
HDPE
CPP
Others
Middle East & Africa 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 Middle East & Africa Plastic Films And Sheets Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Plastic Films And Sheets Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
MEA plastic films and sheets market statistics, by product, 2021-2033 (US$M)