The MENA industrial packaging market is poised for significant growth, with a projected CAGR of 7.0% from 2023 to 2033. This translates to a market value reaching US$9.4 billion by 2033, up from US$4.8 billion in 2023. This growth is fueled by several key factors:
Sustainability in Focus:
- Rising environmental awareness in the MENA region is driving the adoption of sustainable packaging practices.
- Consumers and businesses are increasingly opting for recyclable materials like biodegradable plastics and reusable packaging solutions to minimize waste and environmental impact.
- Lightweighting, or reducing packaging weight while maintaining functionality, is another key strategy gaining traction.
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E-commerce Boom Propels Demand:
- The rapid expansion of the e-commerce sector in the MENA region is a significant driver for industrial packaging.
- E-commerce companies require efficient and secure packaging solutions to ensure product protection during transit.
- Customized packaging solutions tailored for e-commerce fulfillment optimize shipping costs and improve operational efficiency.
- Packaging that integrates with automated sorting and fulfillment processes is crucial for e-commerce warehouses.
Customization and Branding Take Center Stage:
- Industrial packaging is increasingly used as a marketing tool, with customization and branding playing a vital role.
- Printing logos, branding elements, and product information on packaging helps businesses stand out and connect with consumers.
- Packaging that reinforces brand recognition and provides clear product information enhances customer experience and builds brand loyalty.
Competitive Landscape
Industrial packaging market players are actively engaged on improving their product offerings. Several of the market players are changing their raw materials according to the shift of consumers towards convenience packaging.
Major companies identified in the MENA’s market are Time Technoplast Ltd., International Paper, Mauser Group B.V, Balmer Lawrie & Co. Ltd., Grief, Inc., Gulf Plastic Industries Company, and Clouds Drums LLC.
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Key Segments Profiled In The Global MENA Industrial Packaging Market
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
- Others
By Country:
- GCC Countries
- North Africa
- South Africa
- Israel
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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