Market Size of Middle East and Africa Paper Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Paper Packaging Market Analysis
The Middle East and Africa Paper Packaging market is expected to register a CAGR of 4.3% over the forecast period (2021 - 2026). Some studies suggested that the virus can be passed on through cardboard and plastic, which has resulted in increased usage of single-use materials across supermarkets to wrap products, such as cling film for fruit and vegetables in the country. In addition, paper and packaging manufacturers in the region faced fluctuations in demand as the COVID-19 pandemic intensified, with potentially disruptive effects on production and revenues.
- The rising retail and e-commerce industries and the growing need for environmentally friendly packaging materials are currently driving the market's expansion. The demand for secondary and tertiary paper packaging products has increased dramatically as online shopping platforms have grown rapidly.
- There is a strong demand for products like packaged foods, vegetables, and fruits in the food sector, among others. Ready-to-eat meal products are among the top adopters of cartons and other forms of paper-based packaging as the secondary form of packaging. According to the managing director of Hotpack Global, the food packaging industry in the UAE was valued at AED 10 billion in 2020 and is expected to grow to AED 14 billion in the next five years.
- The presence of some of the country's prominent companies includes Obeikan Investment Group, Gulf Carton Factory Company, Eastern Pak Limited., among others are augmenting the studied market growth. Obeikan Investment Group produces strong and attractive structural packaging for hundreds of local and multinational brands. The company has an annual production capacity of 50,000 tons in its recently completed modern production facility and is one of the largest folding carton converters in Saudi Arabia.
- Hardwood pulps are used in the outer layers because of their effect on surface properties, whereas softwood pulps are needed to get enough strength to the paperboard product. Chemical pulps are more expensive than mechanical pulps because of the lower yields in pulp production. Pure concentrations of chemical pulp also do not premise the development of stiff paperboard without the addition of mechanical pulp.
