The Latin America, Middle East and Africa Food Packaging Films Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
It is essentially an advanced type of LDPE with an exceptional capacity to absorb impact without tearing or puncturing. These films are renowned for their durability and chemical-resistant qualities in addition to their flexibility. Plastic bags, wraps, pouches, covers, lids, pipes, buckets, and containers are some of the most typical examples, in which, food packaging films are applied.
Additionally, they are frequently utilized as carpet backing, pond liners, cable covers, geomembranes, and mostly flexible tubing. They can also be made quickly and easily utilizing a high-pressure method called free radical polymerization. Because they ensure adherence to food safety regulations and are recyclable, they are the most in-demand in the food packaging sector. LDPE is also used to make food packaging films, supermarket bags, and lids for canned goods. Additionally, it functions well with processing methods, like extrusion, blowing, and injection.
The convenience food industry in the region is growing at a strong pace owing to the expansion of the consumption of convenience food within South Africa. According to the Global Agricultural Information Network, in 2017, South African food retail sales totalled $44.9 billion USD. Local retailers are establishing strong footholds in other African nations, opening a door for various major businesses practicing trade with South African retailers to enter the rest of Sub-Saharan Africa.
The Brazil market dominated the LAMEA Food Packaging Films Market by Country in 2021; thereby, achieving a market value of $1.5 billion by 2028. The Argentina market would witness a CAGR of 8.9% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 8% during (2022 - 2028).
Based on Type, the market is segmented into Flexible Packaging Films and Rigid Packaging Films. Based on Material, the market is segmented into Polyethylene, Polypropylene, Polyethylene Terephthalate and Polyamide. Based on Application, the market is segmented into Meat, Poultry & Seafood, Fruits & Vegetables, Bakery & Confectionery, Convenience Foods, Dairy Products and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Food Packaging Films Market is Predict to reach $75.4 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amcor Plc., Berry Global Group, Inc., Sealed Air Corporation, Coveris Management GmbH (Sun Capital Partners, Inc.), Mondi Plc., DuPont de Nemours, Inc., DS Smith Plc., WestRock Company, Graphic Packaging Holding Company and Charter Next Generation.
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