The MENA industrial packaging market is estimated at USD 4.5 billion in 2022 and is projected to reach USD 6.3 billion by 2027, at a CAGR of 7.0% from 2022 to 2027.
The MENA Industrial Packaging Market has witnessed remarkable growth in recent years, transforming the region’s supply chain landscape. Industrial packaging plays a crucial role in protecting goods during transit, ensuring their integrity and facilitating efficient distribution. This article dives into the MENA Industrial Packaging Market, highlighting key trends, market drivers, challenges, and opportunities that contribute to its growth.
According to market research, the MENA Industrial Packaging Market is projected to witness substantial growth in the coming years. The market is primarily driven by the region’s robust industrial sector, growing population, and rising consumer demand for packaged goods. Additionally, stringent regulations regarding product safety and sustainability have led to the adoption of innovative packaging solutions in the region.
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The Key Drivers behind the MENA Industrial Packaging Market Growth
The MENA region has witnessed substantial industrial expansion over the years, leading to an increased demand for reliable packaging solutions. Several factors contribute to the growth of the MENA Industrial Packaging Market:
- Rapid Urbanization and Infrastructure Development: The MENA region is experiencing significant urbanization and infrastructure development, fueling the need for efficient packaging to support construction materials, machinery, and equipment.
- Expanding Manufacturing Sector: The manufacturing sector in the MENA region is expanding, creating a demand for packaging solutions to protect goods, ensure quality, and streamline logistics.
- Growing E-commerce Industry: The rise of e-commerce platforms and online retail has stimulated the demand for effective packaging to ensure secure and damage-free delivery of products.
- Focus on Sustainability: With increasing environmental consciousness, businesses are embracing sustainable packaging practices to minimize waste generation and reduce their carbon footprint.
Key Takeaways from MENA Industrial Packaging Market
- South Africa is expected to witness a CAGR of 5.9% in MENA industrial packaging market. This could be credited to the assertion by IEA (International Energy Agency) that production of crude oil reached 448.0 TJ units in the year 2020 alone.
- Saudi Arabia holds more than 40% of the market share. This could be reasoned by the fact that spending on the foodservice is expected to witness growth by 6% per year between 2022 and 2027. The year 2021 witnessed food consumption worth US$ 58.85 Bn.
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Competitive Ebullience
- Eviosys, in September 2021, launched a new-fangled company for delivering sustainable, smart packaging solutions. The newly formed company, better known as ‘KPS Capital Partners’, has acquired Crown Holding Inc’s EMEA food and consumer packaging business.
- PalletPlast, in March 2021, has been adjudged as ‘The Best end use Product’ by Petco – PET plastic recycling Group South Africa. This company has come up with fruit pallets produced from waste plastic products.
- Comexi, in March 2022, inked an agreement with Madayn Plastic Company with the objective of expanding in the Middle East. The company has actually opted for entry to the flexible packaging vertical for capturing a remarkable portion of its market share with Comexi and Reifenhauser India Marketing Middle East & Africa (RIMPL MEA). Comexi F2 ML flexographic press, Reifenhauser extruder, and Comexi ML2 Evolution laminator have been acquired by Madayn Plastic.
- Huhtamaki, in September 2021, completed the acquisition of Elif to promote sustainability and talent all across the Middle East, Europe, and Africa.
“Flexible packaging business does set up trends pertaining to packaging by catalyzing design flexibility, safety, sustainability, and convenience”, says an analyst from Future Market Insights.
The 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.
MENA Industrial Packaging Market By Category
By Product:
- Plastic Pallets
- Drums
- IBCs (Totes)
- Sacks
- Pails
- Crates
- Tubes
- Bulk Boxes
- Other
By Material:
- Metal Industrial Packaging
- Plastic Industrial Packaging
- Paper & Paperboard Industrial Packaging
- Fiber & Wood Industrial Packaging
By Packaging:
- Rigid Industrial Packaging
- Flexible Industrial Packaging
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
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