The global MENA industrial packaging market is anticipated to reach a valuation of US$ 4.8 billion in 2023, driven rapid industrialization and globalization. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 9.4 billion by 2033.

One of the major factors contributing to the growth of the MENA industrial packaging market is the increasing export-oriented economies. Several countries in the MENA region, such as the United Arab Emirates, Saudi Arabia, and Qatar, have adopted policies to diversify their economies and promote non-oil sectors, including manufacturing and exports. The efforts have resulted in the emergence of export-oriented industries that require robust and standardized packaging solutions to ensure product safety during transportation. The shift towards export-oriented economies is expected to fuel the demand for industrial packaging.

The growing retail and eCommerce sector 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 the safe and secure delivery of products to consumers, contributing to the market’s growth.

Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3880

Industries in the MENA region have increasingly recognized the importance of product safety and quality. The implementation of stringent regulations and standards has created a demand for packaging solutions that comply with these requirements. Industrial packaging providers are continuously developing 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.

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, remarks an FMI analyst.

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.

Pre-Book Report: https://www.futuremarketinsights.com/checkout/3880

Key Segments Profiled In The Global MENA Industrial Packaging Market

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
  • Others

By Country:

  • GCC Countries
  • North Africa
  • South Africa
  • Israel
 

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global MENA industrial packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the MENA industrial packaging market, the market is segmented on the basis of product (plastic pallets, drums, ibcs (totes), sacks, pails, crates, tubes, bulk boxes, and other), by material (metal, plastic, paper & paperboard , and fiber & wood), by packaging (rigid, and flexible), by end-use industry (up to 220kg, 221kg to 300kg, 301kg to 500kg, 501kg to 1,000kg, and above 1,000kg), 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 other), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube