
Middle East and Africa Food Service Packaging Market
No. of Pages: 138 | Report Code: BMIRE00025296 | Category: Chemicals and Materials
No. of Pages: 138 | Report Code: BMIRE00025296 | Category: Chemicals and Materials
Nowadays, consumers demand safe and least-processed food. To match up with all the demands of consumers, the food service packaging players are making significant changes in packaging solutions. Also, there are growing concerns about the environment. The packaging industry, majorly food packaging projects, aims to ensure 100% of packaging is recyclable, reusable, or compostable in the future. Now, companies in food service packaging are seeking ways of recycling and sustainable food packaging solutions. With respect to sustainable packaging, ecologic paper bottles, built from recycled newspapers and corrugated cardboard, are gaining high momentum for products such as protein powders, wine, and pet food. Also, TemperPack has made insulated packaging built from jute and material recycled from burlap bags. Eco-friendly packaging holds a significant position in protecting human health and the environment and maintaining natural resources. Ideal packaging material is required to possess recycling ability to solve environmental issues. Moreover, research on producing a biodegradable packaging material intends to develop eco-friendly packaging materials that encompass reduce, recycle, renew, reuse, and repurpose qualities. Thus, a ban on plastic items and mandates on the use of recyclable packaging solutions are anticipated to offer substantial growth opportunities to the industry players in the food service packaging market across the region.
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 food service packaging market. The MEA food service packaging market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Middle East and Africa Food Service 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$ 4,856.72 Million |
Market Size by 2028 | US$ 6,520.63 Million |
Global CAGR (2021 - 2028) | 4.3% |
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 Food Service 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.
MEA Food Service Packaging Market Segmentation
The MEA food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the MEA food service packaging market is segmented into plastic, metal, and others. The others segment dominated the market in 2020, and the plastic segment is expected to be the fastest-growing segment during the forecast period. Based on packaging type, the MEA food service packaging market is segmented into flexible and rigid. The flexible segment dominated the market in 2020, and the same segment is expected to grow faster during the forecast period. Based on application, the MEA food service packaging market is segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment dominated the market in 2020, and the dairy products segment is expected to be the fastest-growing segment during the forecast period. Based on country, the MEA food service packaging market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA.
Amcor PLC, Ball Corporation, BeGreen Packaging, Berry Global Inc., Graphic Packaging Holding Company, Huhtamaki, Sealed Air, Stora Enso, and WestRock Company are among the leading companies in the MEA food service packaging market.
The Middle East and Africa Food Service Packaging Market is valued at US$ 4,856.72 Million in 2021, it is projected to reach US$ 6,520.63 Million by 2028.
As per our report Middle East and Africa Food Service Packaging Market, the market size is valued at US$ 4,856.72 Million in 2021, projecting it to reach US$ 6,520.63 Million by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.
The Middle East and Africa Food Service 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 Food Service Packaging Market report:
The Middle East and Africa Food Service 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 Food Service Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Food Service Packaging Market value chain can benefit from the information contained in a comprehensive market report.