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 is an indispensable component of the manufacturing and logistics industry. It encompasses a wide range of packaging materials, such as corrugated boxes, drums, pallets, crates, and flexible packaging, designed to meet the specific requirements of different industries. The MENA Industrial Packaging Market has witnessed substantial growth in recent years, driven by the region's expanding industrial sector and the increasing demand for efficient packaging solutions. Let's explore the key factors contributing to the growth of this market.
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Factors Driving the MENA Industrial Packaging Market
- Rapid Industrialization: The MENA region has experienced rapid industrialization, with several countries investing significantly in infrastructure development and industrial projects. This surge in industrial activities has led to a substantial increase in the demand for industrial packaging solutions to protect and transport various goods.
- Growing E-commerce Industry: The rise of e-commerce platforms and online shopping has transformed the retail landscape in the MENA region. As consumers increasingly rely on online purchases, there is a growing need for secure and reliable packaging solutions to ensure the safe delivery of products to customers' doorsteps.
- Emphasis on Sustainable Packaging: With the rising awareness of environmental issues, there is a growing emphasis on sustainable packaging solutions. The MENA Industrial Packaging Market has witnessed a shift towards eco-friendly materials and practices, promoting the use of recyclable and biodegradable packaging options.
- Favorable Government Initiatives: Governments across the MENA region have implemented various initiatives to support the industrial sector's growth. These initiatives include favorable regulations, tax incentives, and investment schemes, which have encouraged companies to expand their operations and invest in efficient packaging solutions.
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.
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.
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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