Market Size of MEA Metal Cans Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Metal Cans Market Analysis
The Middle-east & Africa Metal Cans Market was valued at USD 3.33 billion is expected to reach USD 3.69 billion by 2026 at a CAGR of approximately 1.3% during the forecast period (2021 - 2026). With the region investing in other industries, apart from oil and gas, the food and beverage sector has emerged as one of the leading areas of interest. The food and beverage sector in the region is among the strategic sectors being focused upon, which is acting as a major driving force.
- The primary drivers of the canned food market in the future are the increasing urban population in Saudi Arabia, the growing ex-pat population, rising female labor force participation, and the surging innovations in product and packaging solutions.
- Due to the affluence of the society and higher purchase power, premium meats, such as quail and camel, have been witnessing an increase in demand and may continue to do so, thus, providing significant opportunities for the market studied.
- The region also witnesses an increasing demand for beverages, due to harsh climatic conditions. However, with most of the region facing a ban on alcohol, the demand for metal cans in the region may be affected.
