Middle East and Africa Aseptic Packaging Market Size

MEA Aseptic Packaging Market Analysis

The Middle East and Africa Aseptic Packaging Market size is estimated at USD 5.27 billion in 2024, and is expected to reach USD 8.66 billion by 2029, growing at a CAGR of 10.47% during the forecast period (2024-2029).

The ability of the packaging material to meet the demands for high, consistent product quality and excellent nutrient retention, as well as its capacity to avoid the bisphenol A (BPA) controversy, which is frequently found in can liners, are the main drivers of growth in the aseptic packaging market. All these requirements have been met by aseptic packaging, which also extends the shelf life of some items by an estimated six to twelve months without refrigeration.

• Saudi Arabia is a prominent market in the Middle East and Africa region because of the growing pharmaceutical industry and increased R&D spending in the sector. Saudi Arabia's growing investments in the life sciences sector offer a tremendous opportunity for the aseptic packaging business in the pharmaceutical industry. For instance, in June 2022, Bandar Alkhorayef, the Saudi Minister of Industry and Mineral Resources and the Chairman of the Manufacturing Committee for Vaccines and Vital Medicines, announced the launch of many investment opportunities in the USD 3.4 billion vaccines and vital medicines sector. Saudi Arabia will become a significant hub for this promising industry thanks to the prospects that will help the country realize its pharmaceutical and health security goals.
• Similarly, the Middle Eastern region is witnessing various investments in the food and beverage sectors, driving the market studied. For instance, in April 2022, A USD 170 million fundraising round for the Saudi Arabian food and beverage technology startup Foodics was supported by Sequoia Capital India and Prosus NV, as international investors increasingly look to keep rapidly expanding Middle Eastern businesses. The money will be used by Foodics, a company located in Riyadh, to improve its offerings and grow internationally. The firm is considering possible acquisitions of rivals to aid in its expansion and plans to enter the fintech market once the Saudi central bank has granted it a license.
• Rapid urbanization and the variety of consumer goods are key factors promoting the development of aseptic packaging. The adoption of aseptic packaging is also driven by the rising demand for processed foods and disposable medical supplies.
• The regional aseptic packaging market is in its nascent stage. However, growing concerns regarding health and the shelf-life of products are some of the significant factors driving the growth of aseptic packaging in the region.
• Further, With the recent outbreak of COVID-19, aseptic packaging manufacturers have been flooded with a pool of issues that are expected to be present only for the short term. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices that could cause the production of the final product to inflate and go beyond budget, shipping problems, etc.
• Moreover, concerns regarding food hygiene due to COVID-19 are increasing the demand for aseptic packaging. In the coming years, customers will likely prefer disposable packaging to prevent themselves from more diseases, which would compel the vendors to think along the lines of sustainable aseptic packaging.