MENA Industrial Packaging Market Soars: Projected 7.0% CAGR Forecasts Remarkable Growth by 2033

With a projected value of US$ 4.8 billion in 2023, the MENA industrial packaging market is on the brink of significant growth, propelled by advancements in packaging automation. This trajectory is set to continue, with the market forecasted to exhibit a robust Compound Annual Growth Rate (CAGR) of 7.0% from 2023 to 2033, reaching an impressive US$ 9.4 billion by 2033. The surge in demand for industrial packaging in the MENA region is underscored by the increasing emphasis on efficiency and innovation in packaging processes, reflecting the market’s pivotal role in supporting diverse industries and their evolving packaging needs.

The MENA region is witnessing a significant shift towards automation in industrial packaging processes, driven by several factors. One of the key drivers is the need to improve packaging efficiency and productivity. Automation allows for faster and more precise packaging operations, reducing the time required for packaging tasks and increasing overall throughput, which enables companies to meet growing customer demands and optimize their production capacity.

South Africa is poised to drive the MENA industrial packaging market by virtue of its expanding industrial sector, projected to grow at a CAGR of 5.9%. As per the International Energy Agency, the substantial emissions from upstream oil and gas operations indicate a thriving oil industry in South Africa, leading to increased demand for MENA industrial packaging. This is particularly significant as South Africa’s crude oil production reached 448.0 TJ units in 2020. As the oil sector flourishes, the need for secure and efficient packaging solutions will surge, benefiting the MENA industrial packaging market. South Africa’s industrial growth, coupled with its expanding oil industry, will be a key catalyst for market expansion.

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The growing retail and eCommerce sectors are also propelling the market growth. The retail and e-commerce sectors in the MENA region have witnessed significant growth, driven by factors such as rising disposable incomes, urbanization, and increasing internet penetration. The demand for efficient packaging solutions has escalated with the surge in retail and e-commerce activities. Industrial packaging plays a crucial role in ensuring product safe and secure delivery to consumers, contributing to the market’s growth.

Industries in the MENA region have increasingly recognized the importance of product safety and quality. Implementing stringent regulations and standards has created a demand for packaging solutions that comply with these requirements. Industrial packaging providers continuously develop innovative packaging materials and designs that offer enhanced protection and ensure product integrity. The focus on product safety and quality acts as a catalyst for market growth.

Key Takeaways from the Market Study

• Global MENA industrial packaging market was valued at US$ 4.5 billion by 2022-end.
• From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
• Saudi Arabia is expected to hold a dominant CAGR of 6.9% during the forecast period.
• By product, the IBC segment is expected to constitute a CAGR of 6.9% in 2033.
• On the basis of end-use industry, chemical & pharma segment is expected to dominate the market with a CAGR of 6.8% in 2033.
• From 2023 to 2033, MENA industrial packaging market is expected to flourish at a CAGR of 7.0%.
• By 2033, the market value of MENA industrial packaging is expected to reach US$ 9.4 billion.

Sustainability and eco-friendly packaging, across the globe is a major factor that is expected to propel the growth of the MENA industrial packaging market in the near future, remark by Ismail Sutaria (Lead Consultant, Packaging and Materials).

Key Players Are:

• Nampack
• Takween Advanced Industries
• Greif, Inc.
• PETRO Industrial Pty Ltd.
• Time Technoplast Ltd.
• Mauser Group B.V.
• Gulf Plastic Industries Company SAOG
• Clouds Drums L.L.C.

Recent Developments:

• In 2020, International Paper, a leading packaging and paper company, announced the acquisition of two corrugated packaging businesses in Egypt and Morocco. The acquisitions expand the company’s presence in the MENA region and strengthen its capabilities in providing sustainable packaging solutions.
• In the same year, Al Ghurair Packaging, a UAE-based packaging company, introduced new sustainable packaging solutions made from recycled materials. The company’s focus on eco-friendly packaging aligns with the growing demand for sustainable packaging options in the MENA region.
• In 2021, RAK Petropack, a UAE-based packaging company, announced the installation of a new state-of-the-art flexographic printing machine. The advanced printing technology enables the company to offer high-quality and customized packaging solutions to its customers.

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Market Drivers:

1. Growing Industrialization: The MENA region has been experiencing significant industrial growth, particularly in sectors such as manufacturing, construction, and petrochemicals. This expansion is likely to increase the demand for industrial packaging solutions to protect and transport goods.
2. E-commerce Boom: The rise of e-commerce activities in the MENA region is leading to increased demand for efficient and secure packaging solutions. This includes industrial packaging to ensure the safe transportation of products from manufacturers to end consumers.
3. Regulatory Compliance: Stringent regulations regarding packaging standards and materials are likely to drive the adoption of compliant industrial packaging solutions. Companies may need to invest in packaging materials that adhere to safety and environmental standards.
4. Focus on Sustainability: As global awareness of environmental issues grows, there is an increasing emphasis on sustainable packaging solutions. The MENA region may experience a shift toward eco-friendly and recyclable industrial packaging materials.
5. Infrastructure Development: Ongoing infrastructure development projects, such as those related to transportation and logistics, can contribute to the demand for industrial packaging solutions to safeguard materials and products during transit.

Market Restraints:

1. Economic Uncertainties: Economic uncertainties in the MENA region can impact industrial activities and, subsequently, the demand for industrial packaging. Fluctuations in economic conditions may lead to reduced investments in packaging solutions.
2. High Initial Costs: The adoption of advanced and sustainable packaging materials may involve higher initial costs for companies. Some businesses may be hesitant to invest in these solutions due to concerns about their impact on overall operational expenses.
3. Limited Recycling Infrastructure: Although there is an increasing focus on sustainability, the MENA region may face challenges related to limited recycling infrastructure. This can hinder the widespread adoption of eco-friendly packaging solutions.
4. Geopolitical Instability: Political and geopolitical factors in the MENA region can contribute to market uncertainties. Instability may affect trade routes, supply chains, and overall economic conditions, impacting the industrial packaging market.
5. Resistance to Change: Some industries may be resistant to adopting new packaging technologies or materials due to established practices and a lack of awareness about the benefits of modern packaging solutions.

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Key Segmentations:

By Product:

• Plastic Pallets
• Drums
• IBCs (Totes)
• Sacks
• Pails
• Crates
• Tubes
• Bulk Boxes
• Other

By Material:

• Metal
• Plastic
• Paper & Paperboard
• Fiber & Wood

By Packaging:

• Rigid
• Flexible

By End-Use Industry:

• Agriculture
• Automotive
• Building & Construction
• Chemical & Pharma
• Engineering
• Food & Beverages
• Metal Products
• Oil & Lubricants
• Plastic & Rubber
• Furniture
• Electronics
• E-Commerce
• Tobacco
• Other

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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