NEWARK, DE / ACCESSWIRE / December 5, 2022 / MENA industrial packaging market is worth US$ 4.5 Bn as of now and expected to reach US$ 6.3 Bn by the year 2027 at a CAGR of 7.0% between 2022 and 2027.
Manufacturers of IBCs and drums are continuously on the toes, especially after the demand for bulk transportation. Advantages include cost-effectiveness. Steel drums do provide resistance against impact resistance and corrosion.
Industrial bulk packaging has graduated from old design MS barrels to enhanced MS barrel with improvised time design drums. Also, the manufacturing vertical has grown threefold in the last few years. This has actually prompted the non-conventional verticals to utilize the containers. They are inclusive of food-grade ingredient manufacturers, bio-chemical manufacturers, and likewise. International trade is also expected to stay positive in the next 5 years.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-ma-3880
It is a known fact that MENA region is basically focused on ‘oil & gas exploration'. Also, the blatant fact that oil comes across as an exhaustible resource can't be ignored. New-fangled verticals need to get developed for taking over oil & gas vertical's dwindles.
The Gulf countries are into promotion of environmentally-friendly lifestyles. Abu Dhabi has already prohibited the usage of single-use plastic bags. The UAE would be hosting COP28 meeting in the year 2023. It has also released Circular Economy Policy promising to help the businesses in adoption of eco-friendly manufacturing practices. Saudi Arabia has also decided to get net-zero emissions by the year 2060.
Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘MENA Industrial Packaging Market'. The team of analysts and consultants have worked on micros as well as macros.
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 with the fact that spending on the foodservices is expected to witness growth by 6% per year between 2022 and 2027. The year 2021 had witnessed food consumption worth US$ 58.85 Bn.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-ma-3880
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 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 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 have in store?
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 (agriculture, automotive, building & construction, chemical & pharma, engineering, food & beverages, metal products, oil & lubricants, plastic & rubber, furniture, electronics, e-Commerce, tobacco, and likewise.
Flexible industrial packaging (like sacks) is likely to witness an exorbitant demand going forward, as they require less storage space and are cost-effective. Thus, MENA industrial packaging market is slates to grow well in the forecast period.
MENA Industrial Packaging Market By Category
Metal Industrial Packaging
Plastic Industrial Packaging
Paper & Paperboard Industrial Packaging
Fiber & Wood Industrial Packaging
Rigid Industrial Packaging
Flexible Industrial Packaging
By End-Use Industry:
Building & Construction
Chemical & Pharma
Food & Beverages
Oil & Lubricants
Plastic & Rubber
Table of Content
1. Executive Summary
1.1. MENA Market Analysis
1.2. MENA Market Outlook
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Market Coverage
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. MENA Industrial Packaging Market Demand Analysis 2014-2021 and Forecast, 2022-2027
5.1. Historical Market Volume (Units) Analysis, 2014-2021
5.2. Current and Future Market Volume (Units) Projections, 2022-2027
Explore Trending Reports of Packaging:
Décor Paper Market Size : Décor Paper Market By Printing Process (Direct to Garment, Dye Sublimation, Direct to Fabric), Ink (Sublimation, Reactive, Acid, Direct Disperse, Pigment), Substrate (Cotton, Silk, Rayon, Linen, Polyester), End Use (Clothing, Households, Displays, Technical Textiles) & Region - Forecast 2022 - 2027
Facial Tissue Paper Market Share : Facial Tissue Paper Market By Product Type (Regular, Anti-Viral, Recyclable), Packaging Type (Box Packaging, Pocket Packaging), Use Case (Residential, Commercial Sub-Segments), Distribution Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets, Drug Stores, Independent Small Stores, Online Stores, Others) & Region - Forecast 2019-2027
Paper Packaging Market Growth : Paper Packaging Market By Packaging Type (Corrugated Boxes, Cartons, Wrapping Paper, Bags & Sacks, Cups & Trays, Tapes & Labels), Material Type (Corrugated Board, Specialty Paper, Box-board/Carton Board, Kraft Papers, Molded Pulp), Level of Packaging (Primary, Secondary, and Tertiary) & Region - Forecast 2022-2028
Returnable Transport Packaging (RTP) Market Sales : Returnable Transport Packaging Market by Product Type (IBC, Pallets, Plastic Crates, Layer Pads, Drums, Dunnage Bags), Material Type (Metal, Plastic, Paper, Wood), End Use (Building & Construction, Food & Beverages, Chemical, Retail, Logistics), and Region for 2021-2031
Intermediate Bulk Container (IBC) Liner Market Trends : Intermediate Bulk Container (IBC) Liner Market by Capacity (Up to 1,000 liters, 1,000 to 1,500 liters, Above 1,500 liters), Material Type (Polyethylene, LDPE, LLDPE, Polyamide (PA), Others), Thickness, Content Type, Filling Technology, End-use & Region - Forecast to 2020-2030
About Us :
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Future Market Insights Inc.
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA
For Sales Enquiries: email@example.com
SOURCE: Future Market Insights, Inc.
View source version on accesswire.com: