Middle East and Africa Stretch and Shrink Film Market: By Resin (LLDPE, LDPE, PVC, and Others), By Application (Food & beverage, Industrial packaging, Consumer goods, Pharmaceutical), By Product Type (Hoods, Sleeves and labels, Wraps), and Country

Middle East and Africa Stretch and Shrink Film Marketsize was valued at US$ x million in 2023 and is poised to grow at a CAGR of x% during the forecast period 2024-2030. Middle East and Africa Stretch and Shrink Film market report gives comprehensive outlook on Stretch and Shrink Film market across the regions of Middle East Africa. The report on market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. The market is expected to witness significant growth owing to growing technological innovations with respect to stretch films. The raw material prices exhibit a high degree of volatility owing to fluctuating crude oil prices which further imparts a degree of uncertainty in the price of shrink films. The demand for polyethylene-based plastic films is expected to register growth owing to increasing rejection of polyvinyl chloride films. The economy is one of the major manufacturers of processed food which finds high use of stretch films in both primary and secondary packaging. The demand for LLDPE based films in food processing industry is expected to grow on account of high transparency coupled with superior performance as a food contact material. Growing demand for the product due to burgeoning food processing industry has led to an increase in the consumption of the product. In addition, high product demand food items, including fruits, vegetables, is expected to drive the market growth over the forecast period. However, the use of alternative packaging material and high degree of volatility owing to fluctuating crude oil prices which further imparts a degree of uncertainty in the price of shrink films can restraint the growth of stretch and shrink film market during the forecast period.