Market Size of Middle East and Africa Contract Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.38 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Contract Packaging Market Analysis
The Middle East and Africa contract packaging market are expected to register a CAGR of 9.38% over the forecast period. Lockdown and social norms that encourage distance have caused the contract packaging market in e-commerce to explode. In order to keep up with the growing demand, businesses outsource their packaging end-to-end or standalone services to consumers who prefer to shop online.
- Bottling and filling services have particularly experienced promising growth in the Middle East and Africa. Owing to the increased demand for food, beverage, and pharmaceutical needs during the COVID pandemic and the resulting demand for contract packaging, many businesses also outsourced their packaging for increased safety.
- Over the upcoming years, injectables are anticipated to gain a market share that surpasses that of other administration methods, such as oral. As a result, contract packaging demand for injectable solutions is expected to rise, and significant pharmaceutical vendors are anticipated to increase their regional capabilities.
- Many regional brands opt for co-packing instead of building their manufacturing operations, including food safety and the need for financial and business agility. Co-packers play an essential role for ample food and beverage companies in the region that may not be able to justify spending on new equipment or divert production from equipment to produce new and less profitable products.
- However, the growing demand for in-house packaging is anticipated to affect the market growth for contract packaging negatively. For instance, businesses that use outside contract packagers can extend their distribution cycle by up to seven days, during which their product is less visible. Companies looking to distribute their goods quickly and effectively may find this a barrier.
- The outbreak of the COVID-19 pandemic, the contract packaging market has seen tremendous growth, as the e-commerce market has exploded due to lockdown and social distancing norms, with the majority of consumers preferring online channels for shopping, and companies have been outsourcing their packaging end to end or standalone services to meet the growing demand.
