Plastic Eyewear Frames - Belize | Statista Market Forecast

In 2024, the revenue in the Plastic Eyewear Frames market of Belize amounts to US$544.20k.
It is expected that the market will grow annually by 3.04%, representing a CAGR of 2024-2029.
Compared to other countries, United States generates the highest revenue in this segment, with US$7bn in 2024.
When looking at the per capita revenues of the country, it is estimated that US$1.31 will be generated in 2024.
By 2029, the volume in the Plastic Eyewear Frames market of Belize is expected to reach 14.6k pieces.
Moreover, it is projected that the segment will experience a volume growth of 2.0% in 2025.0.
In 2024, on average, each person in Belize is expected to contribute 0.0pieces to the total volume in the Plastic Eyewear Frames market.
Belize's market for plastic eyewear frames is growing, with an increasing demand for affordable and stylish options.

Definition:

The Plastic Eyewear Frames market only covers spectacle frames made from plastic. Frames for protective eyewear and safety glasses are not included.

Additional information:

The market comprises revenues, average revenue per capita, volume, average volume per capita, and price. Revenues are generated through both online and offline sales channels. Key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

Frames for spectacles and sunglasses

Frames for protective eyewar and safety glasses
Frame parts (e.g. screws, temples, nose pads)
Non-plastic frames

Annual growth in the global eyewear market is expected to be robust over the next five years. Shifting consumer megatrends, transforming market structures and technological innovations are key drivers of this growth. Particularly, ageing is one of the most significant global demographic factors impacting eye care as the need for vision correction increases and becomes more complex as a person grows older. Additionally, increasing screen time especially among youngsters might cause more serious effects than previously thought, supporting the constant demand for preventive eye care.

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on eyewear products, which include spectacle lenses, sunglasses, eyewear frames, and contact lenses that are produced for private end consumers. Retail sales through both offline and online sales channels are included.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from third-party sources (e.g., independent databases), historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for making forecasts about the Eyewear market, which is projected to grow steadily. The main drivers are GDP per capita, consumer spending per capita, and healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).