The Latin America, Middle East and Africa Plastic Extrusion Machines Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Plastic Extrusion Machines Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $168.7 million by 2031. The Argentina market is showcasing a CAGR of 6.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.3% during (2024 - 2031).
The packaging industry is another significant market for plastic extrusion machines. The rise of e-commerce and consumer goods has heightened the need for efficient and cost-effective packaging solutions. Plastic films and sheets produced through extrusion are widely used in packaging applications, offering excellent barrier properties, flexibility, and visual appeal.
Additionally, medical and healthcare applications also rely heavily on plastic extrusion machines. The medical sector demands high-quality, precise, and reliable plastic products for various applications, including medical tubing, catheters, and packaging for pharmaceutical products.
Urbanization and the growing demand for a variety of consumer goods have emerged as the primary factors that are driving the demand for plastics in this region. Africa is experiencing rapid urbanization, with cities like Lagos in Nigeria and Nairobi in Kenya expanding rapidly. Infrastructure development in these regions is critical to accommodate the growing urban populations. The Lagos State government has embarked on several infrastructure projects in Nigeria, including constructing new housing units and developing a light rail system.
Free Valuable Insights: The Worldwide Plastic Extrusion Machines Market is Projected to reach USD 9.5 Billion by 2031, at a CAGR of 4.6%
Based on Machine Type, the market is segmented into Twin-screw, and Single-screw. Based on Solution, the market is segmented into New sales, and Aftermarket. Based on Process Type, the market is segmented into Blown Film Extrusion, Tubing Extrusion, Sheet/Film Extrusion, and Others. Based on Application, the market is segmented into Building & construction, Transportation, Consumer Goods, Medical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Machine Type
By Solution
By Process Type
By Application
By Country
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