Market Trends of Middle East and Africa Aseptic Packaging Industry
This section covers the major market trends shaping the MEA Aseptic Packaging Market according to our research experts:
Increasing Demand for Longer Shelf Life of Products
- Consumers have been demanding products with extended shelf life and easier usage. This has necessitated the companies to develop alternate packaging solutions. With companies looking to expand their product offerings with less dependency on sophisticated cold storage chains, producing packages that provide longer shelf life has become imperative.
- The shelf life can be increased by protecting the products from potential deteriorating agents, such as oxygen, moisture, and microbes. To protect their products, companies need a packaging solution that can achieve the same and is cost-effective. Reducing wastage throughout the food supply chain is likely to become a crucial activity to reduce the environmental impact of agriculture and serve the increasing food demand. Therefore, investing in efficient, low-cost, and sustainable processing and packaging solutions to increase the shelf life of products (especially dairy, baby food, and nutraceuticals) is a viable solution, thus augmenting the requirement for aseptic packaging.
- Changing lifestyles and the consequent dependence of consumers on processed, packaged, and pre-cooked food is increasing the demand for aseptic packaging solutions. The advent of the supermarket culture has also altered the shopping landscape and has increased the need for packaging, especially in food and beverage products. The altering lifestyle of people has resulted in the shift from home-cooked to ready-to-eat products. In addition to this ease of use, these products should also be packaged in such a way as to ensure they are fresh and uncontaminated.
- Food packaging has no longer just a passive role in protecting and marketing a food product. The emphasis on decreasing preservatives is also a driving factor for the use of aseptic packaging, as aseptic food preservation methods enable processed food to be kept for a longer period without preservatives as long as they are not opened.
- According to International Trade Administration, Africa exported dairy products to the United States worth about USD 34 million in 2021. This amount was around USD 8.19 million in 2013. Aseptic packaging may be necessary to preserve dairy goods at reasonable costs due to the rising trend of exporting dairy products.
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Pharmaceutical & Medical Sector is Expected to Witness Significant Growth During the Forecast Period
- Prefillable syringes overcome the disadvantages of parenteral drug delivery, such as lack of convenience, affordability, accuracy, sterility, and safety. These syringes enable easy management of chronic diseases, such as Diabetes and Rheumatoid Arthritis, which is expected to boost the use of auto-injectors and pen injectors over the forecast period. Thus, the growing prevalence of Diabetes and other chronic diseases in the Middle East and Africa region is expected to fuel the market demand over the forecast period.
- Prefilled syringes are emerging as one of the fastest-growing choices for unit-dose medication as the pharmaceutical industry seeks new and more convenient drug delivery methods. Also, Pharmaceutical companies minimize drug waste and increase product life span, while patients can self-administer injectable drugs in their homes instead of the hospital.
- Also, In 2021, according to International Diabetes Federation in the Middle East & North Africa region, 73 million persons (20-79) have Diabetes. It is anticipated that 95 million adults will have Diabetes by 2030 and 136 million by 2045. People with Diabetes are expected to grow 134% in Africa among those aged 20 to 79 between 2021 and 2045. At the same time, there will likely be an 87 percent surge across the Middle East and Africa. Thus, increasing insulin market growth is expected to drive the prefillable syringes market, which would further aid the development of the Aseptic Packaging Market.
- Around 80% of the vials and ampoules are made from glass, owing to their suitability with varied drug combinations, but they face challenges like delamination, breakage, etc. Alternative plastic vials, like Cycle Olefin Polymer (COP) and Cycle Olefin Co-Polymer (COC) formats, will likely gain significant market share over the next five years. Major players, such as Schott and Amcor, possess experience in COC for pharmaceutical applications. Such developments are driving the need for aseptic packaging in the region.
- Moreover, United Arab Emirates announced its plans to place itself as the global hub for various international pharmaceutical companies, with the number of manufacturing factories set to double by 2022. Favorable government regulations in the country may further enhance the healthcare sector, which is also expected to drive the demand for aseptic packaging in the region.
- For instance, in February 2022, a paper that examines the prospects and investments that would position the UAE to become a key regional center for pharmaceutical production was released by ADQ, an investment and holding firm with its headquarters in Abu Dhabi. The ADQ FWD paper focuses on how the UAE may realize its full potential to boost regional pharmaceutical capacity and establish seamless access to affordable medicines and innovative therapies.
- Also, in March 2022, a strategic alliance with the United Arab Emirates(UAE)-based Pharmax Pharmaceuticals was announced by Novartis, a prominent global pharmaceutical business. The collaboration covers the commercialization and co-marketing of Novartis products to Pharmax to improve patient access to medications and treatments for various Cardiometabolic diseases such as Diabetes and Hypertension. The collaboration is in line with the UAE's Ministry of Health and Prevention's vision to encourage partnerships between research-based pharmaceutical companies and manufacturers in the United Arab Emirates.
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