Introduction
The MENA Industrial Packaging Market has emerged as a crucial segment within the broader packaging industry. This region, comprising the Middle East and North Africa, is witnessing a significant growth trajectory in various industrial sectors. Industrial packaging plays a pivotal role in safeguarding products during storage, transportation, and distribution. In this comprehensive article, we will delve into the key aspects of the MENA Industrial Packaging Market, shedding light on its growth prospects, trends, and the vital role it plays in supporting the region’s industries.
MENA Industrial Packaging Market: An Overview
Industrial packaging serves as the protective shield for goods as they journey through the supply chain. This market encompasses a wide range of packaging solutions designed to cater to the specific needs of various industries, such as manufacturing, automotive, chemicals, and construction. The MENA region, with its diverse industrial landscape, is experiencing a growing demand for advanced and sustainable packaging solutions that ensure the integrity of products while adhering to environmental regulations.
The MENA industrial packaging market is on an impressive trajectory, set to reach a substantial valuation of US$ 4.8 billion by 2023. With the relentless progress in packaging automation, this sector is expected to flourish even further, showcasing a compelling CAGR of 7.0% from 2023 to 2033, ultimately reaching a staggering worth of approximately US$ 9.4 billion by 2033.
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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.
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.
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.
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.
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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
About Future Market Insights (FMI)
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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