Middle East and Africa Corrugated Boards Market

Market Introduction

The Middle East & Africa market is experiencing rapid development with the growth of Dubai, Abu Dhabi, and Iran. In the region, there has been a rise in retail and e-commerce industries along with the growing need for environmentally friendly packaging materials. The demand for secondary and tertiary paper packaging products as well as corrugated boxes has increased dramatically as online shopping platforms have grown rapidly. The food industry is one of the largest consumers of corrugated packaging in the Middle East & Africa. There has been an increase in the adoption rate of packaged food consumption owing to rapid urbanization and an increasing number of tourists and expiates that often prefer safer processed foods. Also, the region has stringent packaging regulations in terms of food and beverages.

South Africa has the largest COVID-19 cases in the Middle East & Africa region, followed by Saudi Arabia and UAE, among others. UAE was the first country in Middle East & Africa to report a confirmed case of COVID-19. The impact of lockdown in the Middle Eastern and African countries was that various chemicals & materials companies remained closed leading to the reduction in the sale of various products that negatively impacted the market for corrugated board in the region. According to McKinsey and Company Report. Middle East & Africa region were slow to adopt e-commerce, but the COVID-19 pandemic has prompted a change. Consumers across the Gulf Cooperation Council, South Africa, and Turkey have increased online shopping during the pandemic amid higher demand for groceries, personal care, and household supplies. In fact, consumers in Saudi Arabia and the United Arab Emirates have seen among the highest rates of “new or increased” users in online deliveries (restaurant products and groceries) and communications. Thus, due to the pandemic the consumers have increased the usage of e-commerce platform, leading to an increase demand of corrugated board from the e-commerce companies for packaging purpose. The growing e-commerce industry will have a positive impact on the corrugated board market.

Market Overview and Dynamics

The corrugated boards market in Middle East & Africa is expected to grow US$ 15,365.03 million in 2021 to US$ 20,810.45 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. E-commerce platforms have gained significant momentum across the world owing to the rising investments by businesses in the expansion of their geographic reach through diverse distribution channels, along with the growth of the industrial sector. As a result, direct-to-consumer deliveries have surged by 20-times or more than standard distribution. Moreover, online retailers have experienced a significant growth in the past several years owing to technological innovations, which have propelled the demand for corrugated packaging products. The COVID-19 pandemic has aggravated the growth of online retail due to social distancing being mandated at public places and restrictions enacted on conducting face-to-face commerce. Therefore, the growth of the e-commerce industry propels the demand for advanced packaging solutions, such as corrugated boards, across the region. Manufacturers are strongly focused on reaching larger customer bases and building brand identity and customer retention through better sales activities. Therefore, they adopt online retail platforms to secure a strong market position. Online retailing creates demand for product-specific corrugated boards to keep items safe from mechanical stress. Online retail companies are increasingly using corrugated boards for packaging as it promotes their brand in terms of sustainability.

Key Market Segments

In term of application, food and beverages segment held a larger market share of the corrugated boards market in 2020. Further based on food and beverages, process food industry segment held a larger market share of the corrugated boards market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the corrugated boards market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Klabin S.A.; International Paper; Arcor; Mondi; NIPPON PAPER INDUSTRIES CO., LTD.; Klingele Papierwerke GmbH & Co. KG; and Smurfit Kappa among others.

Reasons to buy report

• To understand the Middle East & Africa corrugated boards market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa corrugated boards market
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa corrugated boards market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.

Middle East & Africa Corrugated Boards Market Segmentation

Middle East & Africa Corrugated Boards Market – By

Application

• Food and Beverages

• Process food industry
• Fresh Fruit and Vegetable Packaging
• Others

• E-Commerce
• Consumer Durables
• Electricals and Electronics
• Others

Middle East & Africa Corrugated Boards Market – By

Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

Middle East & Africa Corrugated Boards Market – Companies Mentioned

• Klabin S.A.                                                                            
• International Paper                                                            
• Arcor                                                                                     
• Mondi                                                                                   
• NIPPON PAPER INDUSTRIES CO., LTD.                            
• Smurfit Kappa                                                                      
• WestRock Company   
• Klingele Papierwerke GmbH & Co. KG                            

Middle East and Africa Corrugated Boards Strategic Insights

Strategic insights for the Middle East and Africa Corrugated Boards provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Corrugated Boards Report Scope

Middle East and Africa Corrugated Boards Regional Insights

The geographic scope of the Middle East and Africa Corrugated Boards refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.