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.
Industrial packaging refers to the protective wrapping and containment of goods used in various industries such as manufacturing, logistics, and retail. The MENA region, comprising countries like Saudi Arabia, UAE, Qatar, Egypt, and Morocco, has experienced significant economic growth over the past decade. This growth has been fueled by increasing industrialization, expanding manufacturing activities, and rising international trade.
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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Factors Driving the Growth of the MENA Industrial Packaging Market
1. Rapid Industrialization and Infrastructure Development
The MENA region has been witnessing a surge in industrialization and infrastructure development projects. Governments across the region are investing heavily in sectors like construction, automotive, pharmaceuticals, and food and beverages. This increased industrial activity has significantly contributed to the growth of the industrial packaging market.
2. Increasing International Trade
The MENA region serves as a vital hub for international trade due to its strategic location connecting Europe, Asia, and Africa. The growth of e-commerce and the expansion of global supply chains have resulted in a higher demand for industrial packaging solutions. Companies are increasingly focusing on secure and efficient packaging to ensure the safe transportation of goods across borders.
3. Growing Awareness of Sustainability
Sustainability has become a key focus area for businesses worldwide, and the MENA region is no exception. Consumers are becoming more conscious of the environmental impact of packaging materials. As a result, there is a growing demand for eco-friendly and recyclable packaging solutions in the industrial sector.
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.
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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