
Middle East and Africa Flexible Packaging Market
No. of Pages: 130 | Report Code: BMIRE00025742 | Category: Chemicals and Materials
No. of Pages: 130 | Report Code: BMIRE00025742 | Category: Chemicals and Materials
In a nutshell, e-commerce effectively erases the huge investments or outlays on physical infrastructure to develop a regional presence, leading to a revolution in how business is conducted across the region. Developing countries present solutions to many prevalent problems, such as providing remote healthcare & education, food & beverages, personal care & cosmetics, and industrial.
Moreover, the immense potential that e-commerce is acting as a powerful tool in reducing the gap and giving developing countries the chance to achieve economic equality. The growing telecommunications infrastructure and rising consumer demand for food and beverages ensure that developing countries have become strong contenders in the regional e-commerce sector.
According to "Export Enterprises SA," in October 2021, Tanzania will be Africa's fourth largest e-commerce consumer base. The number of online shoppers is estimated at 1,593 million, accounting for 21% of total Internet users and 5.3% of the population. Hence, the retail sector is growing through e-commerce and simultaneously witnessed lucrative growth for the flexible packaging market in emerging economies.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA flexible packaging market. The MEA flexible packaging market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Middle East and Africa Flexible Packaging 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.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 8,692.10 Million |
Market Size by 2028 | US$ 10,683.36 Million |
Global CAGR (2021 - 2028) | 3.0% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Material
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Flexible Packaging 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.
The MEA flexible packaging market is segmented based on material, product type, application, and country. Based on material, the market is segmented into plastics, paper, aluminum foils, and others. The plastic segment dominated the market in 2021.
Based on product type, the market is segmented into pouches, bags, films and wraps, and others. The bags segment dominated the market in 2021.
Based on application, the market is segmented into food and beverages, medical and pharmaceutical, personal care and cosmetic, industrial, and others. The food and beverages segment dominated the market in 2021.
Based on country, the regional market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of the MEA. The Rest of MEA dominated the market in 2021.
Amcor plc, Berry Global Inc., Constantia Flexibles, Flexpak services, Huhtamaki, Mondi, Sealed Air, Sonoco Products Company, and Transcontinental Inc. are the leading companies in the regional market.
The Middle East and Africa Flexible Packaging Market is valued at US$ 8,692.10 Million in 2021, it is projected to reach US$ 10,683.36 Million by 2028.
As per our report Middle East and Africa Flexible Packaging Market, the market size is valued at US$ 8,692.10 Million in 2021, projecting it to reach US$ 10,683.36 Million by 2028. This translates to a CAGR of approximately 3.0% during the forecast period.
The Middle East and Africa Flexible Packaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Flexible Packaging Market report:
The Middle East and Africa Flexible Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Flexible Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Flexible Packaging Market value chain can benefit from the information contained in a comprehensive market report.