Mena Industrial Packaging Market

Industrial Packaging Market: Plastic Material Type Segment Expected to Lead in Terms of Market Share During the Forecast Period: MENA Industry Analysis and Opportunity Assessment 2016-2024

  • REP-MA-3880
  • 2017-05-16
  • 125 Pages
  • Format: pdf ppt
  • Category: Packaging

Sales of industrial packaging in MENA region was valued in excess of US$ 3,300 Mn in 2016 and is projected to be valued at more than US$ 5,000 Mn by 2024. Sales revenue is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024). GCC is anticipated to be a rapidly expanding market for industrial packaging in the MENA region, registering a CAGR of 5.7% during the forecast period.

Extended use of larger size, higher value containers aiding the growth of the MENA industrial packaging market

There has been a continuous improvement in industrial packaging products due to the evolution in product design over the years, and this has increased the value being offered to the end user. As a result, adoption of packaging solutions has increased among industrial users, due to which market demand has risen. From the vintage designed MS barrels to improved MS barrels and improved time designed drums, the industrial bulk packaging sector is again witnessing transition where buyers are posting demands for bulk containers. In addition, global trade in industrial products has increased three-fold over the past decade, necessitating non-traditional industry players such as bio-chemical manufacturers and food-grade ingredient manufacturers to use these containers. Furthermore, international trade is projected to remain positive for the next five years. It is evident that there will be a significant demand for industrial packaging products across the Middle East & Africa region.

The focus on non-oil economy by Middle Eastern governments is expected to benefit the MENA industrial packaging market

The economics in the MENA region have been traditionally focussed around the oil and gas exploration sector. However, over the years, there has been a gradual shift in the economic focus of the countries in this region towards non-oil based industrial activities. Crude oil is rated dynamic in nature and economic over dependency on this sector can affect the stability of this region. Moreover, oil is an exhaustible resource; thus new business verticals need to be developed as the oil and gas industry dwindles. As compared to other regions, non-oil goods and services play a much smaller role in the MENA region. Yet, exports and especially non-oil exports are estimated to play a key role in developing the robust and inclusive growth model to secure the economic future of the MENA region. End-use industries such as plastics and rubber, automotive, electronics and agriculture are anticipated to show an incremental growth in this region during the forecast period. Therefore, the demand for industrial packaging is predicted to witness a sharp increase leading to the growth of the industrial packaging market in the MENA region.

Stringent environmental rules and regulations may restrict the growth of the MENA industrial packaging market

Governments across the world are imposing stringent rules and regulations on the use of plastic that has an adverse impact on the environment. Plastics are derived from natural gas, chemicals and petroleum products, which are all non-renewable resources, and are further processed using techniques that ultimately harm the environment. Producers of plastics often dump toxic wastes in the land, air and water and such harmful toxic wastes get embedded in the food chain, leading to harmful effects on the entire ecosystem. Moreover, rising demand for synthetic plastics is harmful for the environment as it is non-biodegradable, which is a matter of concern for local and international governments. Plastic producers are working on modifying their manufacturing processes taking all such factors into consideration so as to minimise their environmental impact. These factors may restrict the growth of the MENA industrial packaging market over the assessment period.

MENA Industrial Packaging Market Analysis, by Material Type

  • More than 50% of the industrial packaging market in MENA region is composed of plastics. This segment is expected to gain 180 basis points during the forecast period due to growing industrialisation and manufacturers’ inclination toward this material

  • The metal packaging segment is likely to lose 190 basis points by the end of the forecast period

  • The plastic segment and paper & paperboard segment is expected to witness an above average Y-o-Y growth rate with a CAGR of 5.2% each during the forecast period

  • The fibre & wood segment is likely to demonstrate a below average Y-o-Y growth rate from 4.8% in 2015 to 3.3% in 2024, and the metal segment from 4.4% in 2015 to 4.5% in 2024

  • The plastic segment is anticipated to account for 52.9% share of the global industrial packaging market in 2016, and is expected to emerge as the most attractive segment in terms of CAGR and market share in the industrial packaging market by the end of 2024

mena industrial packaging market

The GCC market for industrial packaging will witness healthy growth of 1.6X by the end of the forecast period

The global industrial packaging market that earlier saw evolution and growth in the North America & European markets, is now gaining substantial footprint into the MENA market. With a boom in the manufacturing sector, the demand for cost-effective, lightweight and convenient industrial packaging solutions comprising plastic is on the high; consequently, the plastic segment is expected to emerge as the most attractive market segment over the forecast period across the MENA region. Oil & gas exploration is rampant in the GCC region. Also, chemical companies that significantly contribute to the GDP of the MENA region are willing to invest in the manufacturing of industrial packaging products such as Drums & IBCs for storage of oil & lubricant as well as petrochemical products. The GCC market for industrial packaging will witness healthy growth of 1.6X by the end of the forecast period, at the backdrop of a growing industrial sector. The market will also witness additional growth prospects due to affordable flexible packaging solutions being available to product manufacturers in large quantities.

Future Market Insights presents a detailed and a comprehensive outlook on the MENA industrial packaging market in its latest report titled ‘Industrial Packaging Market: MENA Industry Analysis and Opportunity Assessment 2016–2024.’ The report starts with an executive summary that presents an overview of the MENA industrial packaging market and comprises the market forecast numbers along with the CAGR during the forecast period 2016 – 2024. The overview also states the important regions and segments based on the market taxonomy that are most attractive in the MENA industrial packaging market. The executive summary also concisely lists the drivers and restraints operating in the MENA industrial packaging market that directly influence the growth of this market; a detailed explanation of these factors is taken up in another section of the report. The executive summary also lists the important players in the MENA industrial packaging market. At the end of the executive summary, there is a brief and yet informative Future Market Insights analysis on the overall market approach of key players operating in the MENA industrial packaging market along with a mention of the target geographies and the differentiating strategies of industrial packaging manufacturers present in this market.

Market Taxonomy

By Material Type

By Product Type

By Packaging Type

By End Use

By Region

  • Metal

  • Plastic

  • Paper & Wood

  • Fibre

  • Sacks

  • Drums

  • IBCs

  • Crates

  • Pails

  • Bulk Boxes

  • Others

  • Flexible

  • Rigid

  • Chemicals & Pharmaceuticals

  • Food and Beverage

  • Building & Construction

  • Automotive

  • Plastics & Rubber

  • Agriculture & Horticulture

  • Oil & Lubricants

  • Electronics

  • Engineering

  • Metal Products

  • Tobacco

  • Others

  • GCC

  • North Africa

  • South Africa

  • Rest of MEA


After the market taxonomy, there is a detailed and a comprehensive section of the report devoted to studying the market dynamics operating in the MENA industrial packaging market. These market dynamics comprise the drivers, restraints, trends and opportunities in the MENA industrial packaging market. This section of the report is important as it gives a detailed explanation of all the factors that influence the growth of the MENA industrial packaging market in a positive or negative manner and also lists out the trends and opportunities that are available in this market presently and during the forecast period. After the section on market dynamics, there is an explanation of the value chain analysis of the industrial packaging market. Another section lists the important raw material suppliers, manufacturers, distributors/retailors and end users of the MENA industrial packaging market. Thereafter, there is a section of the report devoted to the pricing analysis of the MENA industrial packaging market. A section lists the macroeconomic indicators likely to influence the MENA industrial packaging market and each macroeconomic indicator is discussed separately. After this, there is an important section of the report that discusses the product and application matrix for ecommerce pertaining to the MENA industrial packaging market. The levels of penetration, i.e. low, medium, and high are given in the matrix and each product type as per the market taxonomy is represented in this matrix and key takeaways are also discussed. The subsequent sections of the report discuss the MENA industrial packaging market by material type, product type, packaging type, end use and region. These sections of the report are important as they represent the pertinent market numbers and forecasts in the form of Basis Point Share analysis, year-on-year growth projections, absolute dollar opportunity and market attractiveness analysis.

The last section of the report is devoted to the competition landscape of the MENA industrial packaging market. This competition landscape gives a dashboard view of the key companies operating in the MENA industrial packaging market along with their important information and broad strategy adopted to stay as leaders in the MENA industrial packaging market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. A SWOT analysis of each leading market player is also presented, providing detailed information about the strengths, weakness, opportunities and threats. The competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the MENA industrial packaging market.         

Research Methodology

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies operating in the industrial packaging market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the period of assessment. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the MENA industrial packaging market.