Middle East & Africa Wicketed Bags Market

Market Introduction

The MEA region includes countries such as South Africa, Saudi Arabia, UAE, and the rest of the MEA. The region is expected to witness an increase in urbanization, which would further fuel the manufacturing sectors. The Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries. The harsh weather conditions of the desert, lack of unskilled laborers, and high labor wages in the region act as huge hindrances in the development of the region. However, urbanization in the Middle Eastern is transforming the outlook of countries. Middle Eastern countries look ahead for the adoption of advanced technologies and stand amongst the most highly urbanized region. Responding towards a shift occurring in global economic power has positioned the Middle East firmly as the world’s fastest-growing market, including Dubai and Abu Dhabi, with an aim to turn into global hubs. Middle Eastern countries, including Saudi Arabia, Kuwait, and the UAE, have experienced a shift in the socio-economic condition, lifestyle, and economic status in the past four decades. These countries are known for their strong economic status. The wicketed bags market in the Middle East and Africa is experiencing rapid development due to the increased adoption of the wicketed bags by the region's end-use industries. New investment and better marketing strategies have led to the capture of market share in the Middle East and African region. The wicketed bags market is highly driven by economic development, along with the growing end-use industries. These factors are boosting the demand for wicketed bags in the MEA region. The rising popularity of wicketed bags in food processing and foodservice industries are anticipated to drive the market growth in the region. The food and beverage sector in the Middle East and Africa region has experienced a sharp increase due to high economic growth, urbanization, population growth, and rising middle class. Moreover, demand for fruit and vegetable ingredients are rising tremendously due to its application in convenience food products. Africa is one of the major producers of several fruits and vegetables, including bananas, tomatoes, and garlic, and others. Hence, food processing companies are setting up their plants for fruit and vegetable extracts. These extracts have a broad range of applications in the food and beverage sector across the world. Thus, it is anticipated that the rising demand for packaged food items as well as the exponential growth of cafes, restaurants, and hotel chains in the Middle East countries will contribute to the growth of wicketed bags during the forecast period. Moreover, the presence of leading manufacturers in the region such as Mondi, UFlex, Coveris, Berry Global Inc., and others is further anticipated to lead to the growth of wicketed bags in the region.

Saudi Arabia reported the highest number of COVID-19 cases in the Middle East & Africa region, followed by Turkey and the UAE. Due to the lockdown in the Middle Eastern and African countries, various chemicals & materials companies remained closed, which led to the reduction in the sale of various products, thereby negatively impacting the market for overall wicketed bags in the region. The growing focus on using biodegradable plastic bags has raised the demand for bioplastic wicketed bags in the region, which is expected to support the growth of the market.

Middle East & Africa Wicketed Bags Strategic Insights

Strategic insights for the Middle East & Africa Wicketed Bags 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 & Africa Wicketed Bags Report Scope

Middle East & Africa Wicketed Bags Regional Insights

The geographic scope of the Middle East & Africa Wicketed Bags 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 wicketed bags market in MEA is expected to grow from US$ 38.17 million in 2021 to US$ 46.53 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028. Increasing demand for bio-based packaging; biodegradable and compostable products produced using resins from renewable materials, including corn, potato, or other starches, are the best alternatives to avoid landfills. The shift of utilizing bio-based materials to produce wicketed bags is creating a new outlook in the market. Companies operating in the wicketed bags market are focusing on innovations to boost their credibility credentials. Many manufacturers have already launched sustainable wicketed bags, yet the rest of the players are exploring extensively to meet sustainability needs. Manufacturers such as International Plastics Inc. & Friesen Plastics Inc. are offering eco-friendly wicketed bags made with FDA-approved virgin raw materials by adding the Global Food Safety Initiative (GSFI) benchmarking along with the compliant with AQMD standards. Mondi Group, a global player and a known specialist in paper and packaging solutions, introduced its paper based EcoWicketBag, which is replacing plastic materials to a great extent. EcoWicketBag offers benefits such as extremely durable kraft paper, sterile and safe products, fully recyclable in paper streams, availability of compostable version, and CO₂ emission is significantly low. These bags are available for the packaging of hygiene products. Consumers have also become conscious about growing plastic waste in the environment and are adopting products with bio-packaging. St. Johns Packaging is another global market player committed to developing sustainable and economically viable and flexible packaging solutions to reduce food and plastic waste. The company strives to reduce the environmental impact and footprint of the manufacturing operations while continuously generating environmentally friendly and flexible packaging products. It is also an active member of the Flexible Packaging Association (FPA) along with the Sustainable Packaging Coalition (SPC) and organizations promoting programs to enhance end-of-life recovery for flexible packaging, including How2Recycle, Hefty Energybag Program, and Materials Recovery for the Future. The company delivers 100% recyclable PE wicketed bags that are made of polyethylene film. This is bolstering the growth of the wicketed bags market.

Key Market Segments

Based on type, the MEA wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share MEA wicketed bags market. Based on application, the MEA wicketed bags market is segmented into food, pharmaceuticals, personal care and cosmetic products, industrial goods, and others. In 2020, the food segment held the largest share MEA wicketed bags market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the wicketed bags market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report Berry Global Inc.; Bischof + Klein SE & Co. KG; Coveris; Mondi; UFlex Limited are among others.

Reasons to buy report

• To understand the MEA wicketed bags 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 MEA wicketed bags market
• Efficiently plan M&A and partnership deals in MEA wicketed bags market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA wicketed bags market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA WICKETED BAGS MARKET SEGMENTATION

By Type

• Loose Flap
• Bottom Gusset
• Side Gusset
• Others

By

Application

• Food
• Pharmaceuticals
• Personal Care and Cosmetic Products
• Industrial Goods
• Others

By Country

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

Company Profiles

• Berry Global Inc.
• Bischof + Klein SE & Co. KG
• Coveris
• Mondi
• UFlex Limited