The MENA industrial packaging market is anticipated to reach a valuation of US$ 4.8 billion in 2023, driven by rapid industrialization and globalization. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.0% between 2023 and 2033 and reaching a total valuation of approximately US$ 9.4 billion by 2033.
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.
In the case of Saudi Arabia, the market growth opportunities for the MENA industrial packaging market are driven by the booming food delivery services and a burgeoning food industry. With an estimated market share of 42% in the MENA industrial packaging market by 2023, Saudi Arabia leads the way. Forecasts from the Saudi Arabian General Authority for Investment (SAGIA) indicate a 6% annual growth in spending on food services over the next five years, with food consumption expected to reach US$ 58.85 billion by the end of 2023. The discerning Saudi Arabian consumers, with a growing preference for healthier food products, are contributing to this surge in demand. Additionally, the rise in online food shopping and the proliferation of food delivery services will drive the need for packaging solutions like sacks, folding cartons, and liquid cartons, projecting a CAGR of 6.9% for the country over the analysis period. Saudi Arabia’s food and delivery sector will act as a significant catalyst for the MENA industrial packaging market’s growth.
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One of the major factors contributing to the growth of the MENA industrial packaging market is the increasing export-oriented economies. Several countries in the MENA region, such as the United Arab Emirates, Saudi Arabia, and Qatar, have adopted policies to diversify their economies and promote non-oil sectors, including manufacturing and exports. The efforts have resulted in the emergence of export-oriented industries that require robust and standardized packaging solutions to ensure product safety during transportation. The shift towards export-oriented economies is expected to fuel the demand for industrial packaging.
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).
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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.
Primarily Driving the Market for MENA Industrial Packaging
- Economic Growth: The MENA region has experienced robust economic growth in recent years, with countries like Saudi Arabia, the United Arab Emirates, and Qatar leading the way. This economic expansion has led to increased industrial activity, driving the demand for industrial packaging solutions to protect and transport products.
- Manufacturing and Export: The MENA region has witnessed a surge in manufacturing and export activities. As businesses in the region produce a wide range of goods, including petrochemical products, automotive components, and electronics, the need for reliable and efficient industrial packaging has grown significantly to facilitate the safe transportation of these products.
- Infrastructure Development: Many countries in the MENA region are heavily investing in infrastructure development, including construction, transportation, and energy projects. These large-scale ventures require durable and specialized industrial packaging for the transportation of heavy machinery, construction materials, and equipment.
- E-commerce and Retail: The e-commerce sector has been expanding rapidly in the MENA region. As more consumers turn to online shopping, there is a growing demand for packaging materials to secure and deliver products to customers’ doorsteps. This trend has fueled the need for innovative and sustainable packaging solutions.
- Regulatory Compliance: Governments in the MENA region are increasingly implementing regulations related to the safety and quality of products and their packaging. Compliance with these regulations is driving the adoption of advanced packaging solutions that meet these standards.
- Sustainability: The awareness of environmental concerns and the need for sustainable packaging solutions have gained traction in the MENA region. Businesses are increasingly adopting eco-friendly packaging materials and practices to reduce their environmental footprint and meet consumer demands for sustainable products.
- Petrochemical Industry: The MENA region is a major player in the global petrochemical industry. The petrochemical sector requires specialized packaging for the safe storage and transportation of chemicals and related products, contributing to the growth of the industrial packaging market.
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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
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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 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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