The MENA industrial packaging market is estimated to experience decent growth during the coming years on the back of its exceptional packaging characteristics and affordable packaging outlook.
The MENA industrial packaging market is estimated to experience decent growth during the coming years on the back of its exceptional packaging characteristics and affordable packaging outlook.
NEWARK, Del: MENA industrial packaging market is worth US$ 4.5 billion as of now and expected to reach US$ 6.3 billion 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.
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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
Competitive Ebullience
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“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?
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.
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By Product:
By Material:
By Packaging:
By End-Use Industry:
By Region:
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Table of Content
1.1. MENA Market Analysis
1.2. MENA Market Outlook
1.3. Analysis and Recommendations
2.1. Market Definition
2.2. Market Coverage
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4.1. Product Adoption Analysis
4.2. Product USPs / Features
Click Here for MENA Industrial Packaging Market 124 pages TOC Report
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Industrial Chemical Packaging Market Share: Industrial Chemical Packaging Market by Packaging Format, Material, Chemical Type & Region | Forecast 2023 to 2033
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Industrial packaging refers to the materials and containers used to protect and transport goods in bulk, ensuring safety and efficiency during shipping and storage.
CAGR stands for Compound Annual Growth Rate, a useful measure that indicates the mean annual growth rate of an investment over a specified time period.
IBC stands for Intermediate Bulk Container, a large container used for the storage and transport of bulk liquids and powders, designed for efficient handling.
Sustainable packaging is designed to minimize environmental impact, using materials that are recyclable, biodegradable, or made from renewable resources.
Market analysis involves assessing the dynamics of a market within an industry, helping businesses understand trends, competition, and customer needs to make informed decisions.
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