The MENA industrial packaging market is expected to be valued at US$ 4.8 billion in 2023. Advancements in packaging automation, bolsters the overall scope for MENA industrial packaging market, which is projected to grow at a CAGR of 7.0% between 2023 and 2033, totaling around US$ 9.4 billion by 2033.
The MENA region is witnessing a significant shift towards automation in industrial packaging processes, driven by several factors. One of the key drivers is the need to improve packaging efficiency and productivity. Automation allows for faster and more precise packaging operations, reducing the time required for packaging tasks and increasing overall throughput, which enables companies to meet growing customer demands and optimize their production capacity.
South Africa is poised to drive the MENA industrial packaging market by virtue of its expanding industrial sector, projected to grow at a CAGR of 5.9%. As per the International Energy Agency, the substantial emissions from upstream oil and gas operations indicate a thriving oil industry in South Africa, leading to increased demand for MENA industrial packaging. This is particularly significant as South Africa’s crude oil production reached 448.0 TJ units in 2020. As the oil sector flourishes, the need for secure and efficient packaging solutions will surge, benefiting the MENA industrial packaging market. South Africa’s industrial growth, coupled with its expanding oil industry, will be a key catalyst for market expansion.
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The growing retail and eCommerce sectors are also propelling the market growth. The retail and e-commerce sectors in the MENA region have witnessed significant growth, driven by factors such as rising disposable incomes, urbanization, and increasing internet penetration. The demand for efficient packaging solutions has escalated with the surge in retail and e-commerce activities. Industrial packaging plays a crucial role in ensuring product safe and secure delivery to consumers, contributing to the market’s growth.
Industries in the MENA region have increasingly recognized the importance of product safety and quality. Implementing stringent regulations and standards has created a demand for packaging solutions that comply with these requirements. Industrial packaging providers continuously develop innovative packaging materials and designs that offer enhanced protection and ensure product integrity. The focus on product safety and quality acts as a catalyst for market growth.
Key Takeaways from the Market Study
- Global MENA industrial packaging market was valued at US$ 4.5 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
- Saudi Arabia is expected to hold a dominant CAGR of 6.9% during the forecast period.
- By product, the IBC segment is expected to constitute a CAGR of 6.9% in 2033.
- On the basis of end-use industry, chemical & pharma segment is expected to dominate the market with a CAGR of 6.8% in 2033.
- From 2023 to 2033, MENA industrial packaging market is expected to flourish at a CAGR of 7.0%.
- By 2033, the market value of MENA industrial packaging is expected to reach US$ 9.4 billion.
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Sustainability and eco-friendly packaging, across the globe is a major factor that is expected to propel the growth of the MENA industrial packaging market in the near future, remark by Ismail Sutaria (Lead Consultant, Packaging and Materials).
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.
Recent Developments:
- In 2020, International Paper, a leading packaging and paper company, announced the acquisition of two corrugated packaging businesses in Egypt and Morocco. The acquisitions expand the company’s presence in the MENA region and strengthen its capabilities in providing sustainable packaging solutions.
- In the same year, Al Ghurair Packaging, a UAE-based packaging company, introduced new sustainable packaging solutions made from recycled materials. The company’s focus on eco-friendly packaging aligns with the growing demand for sustainable packaging options in the MENA region.
- In 2021, RAK Petropack, a UAE-based packaging company, announced the installation of a new state-of-the-art flexographic printing machine. The advanced printing technology enables the company to offer high-quality and customized packaging solutions to its customers.
Key Segmentations:
By Product:
- Plastic Pallets
- Drums
- IBCs (Totes)
- Sacks
- Pails
- Crates
- Tubes
- Bulk Boxes
- Other
By Material:
- Metal
- Plastic
- Paper & Paperboard
- Fiber & Wood
By Packaging:
- Rigid
- Flexible
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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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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