Middle East and Africa Protective Packaging Market - By Raw Material (Plastic, Glass, Metal and Paper), Product (Blisters, paperboard, Foil pouches, Shrink Films, Paper bags, Foil bags, Bubble Bags, Corrugated Rolls, Foam Rolls, Bubble Wraps, Foam Sh
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Protective Packaging refers to the use of various packaging materials to safeguard and shield the core product from damages. Protective packaging can be used either as a primary packaging material or a secondary packaging material depending upon the products’ end use application. Vendors in this industry provide protective packaging solutions through regular innovations for end use industries like Automotive, Electronics, Pharmaceuticals, and others to safely reach the end consumers.
The MEA protective packaging market was worth $XX.XX billion in 2015 and is projected to reach $XX.XX billion in 2020, at a compound annual growth rate of XX.XX%. APAC leads the Protective packaging market with a share of 38% in 2015 and is estimated to grow at a rate of 7% per annum during the projected period.
Factors like rising income levels of population, improving middle class, urbanization, and others are enhancing the affordability of using protective packaging in the developing regions. Also, online shopping which is growing very fast, compared to conventional retail shopping, is also driving the market. However, increase in raw material costs is a restraint to the growing market.
The market is highly consolidated with top 11 companies constituting only 20% of the market share while the rest 80% of the market is by small and niche players across the globe. Some of the major vendors mentioned in the report are: Automated Packaging Systems, Sonoco, Pregis Corporation, Mold-Rite Plastics.