MENA Industrial Packaging Market stood at US$ 4.5 Billion in the year 2022 and is expected to reach US$ 6.3 Billion by the 2027 at a CAGR of 7% between 2022 and 2027.
Flexible industrial packaging; say – sacks – is expected to witness a sizable demand going forward due to consumption of less storage space and being cost-effective. The chemical vertical prefers IBCs and drums. Such packaging formats do help in bulk and secured transportation of the hazardous chemicals.
The ongoing trend is that of launching bio-based plastic industrial packaging. Coming to recent developments, the UAE Food & Beverage Business Group, in February 2022, entered into collaboration with MoIAT (Ministry of Industry and Advanced Technology) for developing the NDP (National Development Pathway), i.e. a line of initiatives aimed toward boosting local food production ecosystem along with promotion of food security. Plus, the UAE Food Bank, in February 2022, mentioned about inking multiple strategic co-operation agreements with various firms attending 27th edition of Gulfood (the biggest food and beverage sourcing exhibition) at the Dubai World Trade Center (DWTC).
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Key Trends Shaping the MENA Industrial Packaging Market
- Sustainable Packaging Solutions: As environmental concerns continue to gain prominence, the MENA Industrial Packaging Market has witnessed a growing demand for sustainable packaging alternatives. Biodegradable materials, recyclable packaging, and eco-friendly designs are becoming increasingly popular among businesses and consumers alike.
- Technological Advancements: The integration of technology in industrial packaging has led to the development of advanced solutions. Smart packaging, incorporating sensors and tracking systems, enables real-time monitoring of products during transit, enhancing supply chain efficiency.
- Customization and Personalization: Businesses are increasingly seeking customized packaging solutions that align with their brand identity and product requirements. Personalized packaging enhances the overall customer experience and fosters brand loyalty.
Key Takeaways from MENA Industrial Packaging Market
- Flexible packaging does set the major packaging trends by bolstering design flexibility, safety, sustainability, and convenience. On these grounds, Regenerative Gasification comes across as one of the science-based solutions to intractable recycling issues that are faced by modern multi-material, multi-layered packaging and products.
- The UAE is likely to host COP28 meeting in the year 2023. It has also released Circular Economy Policy promising to help in adoption of environmentally-friendly manufacturing practices. Above all, Saudi Arabia has also pledged achievement of net-zero emissions by the year 2060.
- As per the Saudi Arabian General Authority for Investment (SAGIA), spending on the foodservices is expected to grow by 5-6% per year over the subsequent 5 years. Chemical, pharma, and oil & lubricant verticals are bound to keep the hopes high for MENA industrial packaging market in the forecast period.
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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.
Competitive Analysis
- Eviosys, in September 2021, did launch a novel company for delivering sustainable, smart packaging solutions. This new company is known by the name ‘KPS Capital Partners’; which did acquire Crown Holdings Inc. of late.
- PalletPlast, in March 2021, was adjudged as the best end-use product by ‘Petco (PET Plastic Recycling Group, South Africa)’. The company has actually tabled fruit pallets produced from waste plastic. With growing demand for recycled plastic, MENA industrial packaging market is bound to reach its zenith on these grounds.
- Greif, Inc., in June 2022, did launch a novel lightweight jerry can.
- Kerry Group, in January 2022, did announce expansion in Middle East with opening of new-fangled facility at Jeddah (Saudi Arabia). The plant consists of 21.5K square feet.
- Cargill Foods, in April 2022, did announce that it was widening its reach to META (Middle East, Turkey and Africa). Cargill Turkey has put on US$ 5 Million for enhancing INFUSE by Cargill service by having opened a technological application center in Bursa, Orhangazi, Turkey.
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.
What does the Report pack?
- The research study is based on product (plastic pallets, drums, IBCs (totes), sacks, pails, crates, tubes, bulk boxes, and likewise), by material (metal industrial packaging, plastic industrial packaging, paper & paperboard industrial packaging, and fiber & wood industrial packaging), by packaging (rigid industrial packaging and flexible industrial packaging), and by end-use industry (automotive, agriculture, building & construction, chemical & pharma, engineering, food & beverages, metal products, oil & lubricants, plastic & rubber, furniture, electronics, e-Commerce, tobacco, and likewise).
- IBC sand drums are expected to be the flag bearers of MENA Industrial Packaging Market in the forecast period.
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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