Introduction:
Industrial packaging plays a pivotal role in safeguarding products, optimizing logistics, and ensuring their safe transit from manufacturers to end-users. The MENA Industrial Packaging Market, catering to the Middle East and North Africa region, has witnessed substantial growth in recent years due to the expanding manufacturing sector and increased international trade. This article aims to provide a comprehensive overview of the MENA Industrial Packaging Market, highlighting its trends, growth drivers, and challenges. Join us on this insightful journey through the dynamics of industrial packaging in the MENA region.
MENA Industrial Packaging Market Overview:
Industrial packaging encompasses a wide range of solutions, including crates, drums, intermediate bulk containers (IBCs), pallets, and bulk bags, among others. The MENA region’s packaging industry is witnessing significant growth, fueled by rapid industrialization, population growth, and a surge in foreign investments.
Set to scale new heights, the MENA industrial packaging market is poised to grow from USD 4.5 billion in 2022 to a projected USD 6.3 billion by 2027, registering an impressive CAGR of 7.0% during the forecast period from 2022 to 2027.
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Market Trends and Opportunities:
- Rise of Flexible Packaging: Flexible packaging, such as pouches and bags, is gaining popularity due to its lightweight nature, cost-effectiveness, and adaptability to various product shapes and sizes.
- Integration of IoT in Packaging: The Internet of Things (IoT) is making its way into the packaging industry, enabling real-time tracking, temperature monitoring, and ensuring product integrity throughout the supply chain.
- Focus on Tamper-Evident Packaging: With concerns over product safety and counterfeiting, there is an increased focus on tamper-evident packaging to provide consumers with assurance and build brand trust.
- Innovations in Protective Packaging: Protective packaging solutions, such as foam cushioning and inflatable airbags, are being developed to safeguard delicate and fragile goods during transportation.
- Palletization and Unitization: Efficient palletization and unitization techniques are gaining traction as they optimize storage space and streamline handling processes, reducing overall logistics costs.
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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