Market Size of Middle East Corrugated Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.58 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East Corrugated Packaging Market Analysis
Middle East Corrugated Packaging Market was valued at USD 6.42 billion in the previous year, and it is expected to register a CAGR of 2.58%, reaching USD 7.44 billion tonnes in the next five years.
- Corrugated products protect fragile, heavy, bulky, or high-value products during storage and transportation. Multi-layer corrugated packaging adds rigidity to packaged products, making them stronger than regular corrugated boards. The market is expanding to meet the demand for corrugated products in the construction and electronics industries.
- The market for corrugated packaging products is expanding in the Middle East, mainly owing to the growing awareness of the need to lessen the carbon impact of traditional packaging materials. To reduce the use of non-renewable resources by limiting trash output in the nation, the Qatari government launched several green economy programs under the National Vision 2030.
- Strict enforcement of laws banning single-use plastics in the United Arab Emirates, Saudi Arabia, and other countries has increased the need for environmentally friendly packaging solutions, especially paper.The demand for convenience foods is on the rise due to the busy lifestyle of people. As corrugated box packaging keeps moisture away from the products and withstands long shipping times, companies are increasingly adopting it to offer customers better outcomes, especially as a means of secondary or tertiary packaging.
- The reliable, durable, and easily transportable corrugated boxes have been around for over a few years. However, longevity comes with challenges. Corrugated cardboard is made from cellulose fibers, virgin or recycled from used corrugated cardboard or other materials. The corrugated board industry is challenged with soaring raw material prices and bottlenecks in raw material supply. Severe shortages and unprecedented price increases push manufacturers to the brink of closure.
- The COVID-19 pandemic impacted the packaging industry negatively, resulting in lockdowns, corporations shifting their sourcing away from China, and reconsidering packaging materials. Despite a significant effect on the supply side of packaging, considerable growth in the end-user demand in specific applications significantly expanded the scope of the corrugated packaging industry.
