Market Size of Middle-East and Africa Corrugated Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 8.83 Billion |
Market Size (2029) | USD 9.88 Billion |
CAGR (2024 - 2029) | 2.28 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Corrugated Packaging Market Analysis
The Middle-East and Africa Corrugated Packaging Market size is estimated at USD 8.83 billion in 2024, and is expected to reach USD 9.88 billion by 2029, growing at a CAGR of 2.28% during the forecast period (2024-2029).
Corrugated packaging is a preferred option for food and beverage packaging. It can be found in various foods, including soups, seasonings, and dairy products. Compared to glass and metal, it helps reduce the final product's total weight while maintaining its freshness.
- The need for green packaging materials, particularly paper packaging solutions, is fueled by the enforcement of strict legislation regarding the ban on single-use plastic. In addition, the increasing use of e-commerce platforms in the region is boosting market demand. Fluctuations in raw material prices affect the production costs of corrugated products. Changes in production costs change manufacturers' profits. Pulp is harvested from trees and is in high demand in certain regions, and it is imported and exported in specified amounts.
- Food and beverage segments are expected to drive the region's demand for corrugated packaging. The need for convenience foods is on the rise due to the busy lifestyle of individuals. As corrugated packaging keeps moisture from the products and withstands long shipping times, companies are increasingly adopting it for a better customer experience. Processed and packaged foods, such as bread, meat, and other perishable items, drive the demand.
- The United Arab Emirates has an increased rate of packaged food consumption, owing to rapid urbanization and an increasing number of tourists and ex-pats that often prefer safer processed foods. This trend is expected to boost the market's growth in the region. The rising retail industries and the growing need for eco-friendly packaging materials are driving the market's expansion.
- The region's extreme weather conditions may act as a restraint for the market. Manufacturers must focus more on drying cardboard boxes when humidity levels are high. These factors can limit the market's ability to increase earnings.
- Despite a significant effect on the supply side of the packaging during the COVID-19 pandemic, considerable growth in end-user demand in specific applications significantly expanded the scope of the corrugated packaging industry.