Market Share of Morocco Flexible Packaging Industry
The Moroccan flexible packaging market is characterized by fragmentation. It features several key players, including Mondi Pap Sac Maghreb SA (Mondi PLC), Compagnie Industrielle Des Fibres, Multisac SA, Afrimag Glue, and Hotpack Packaging Industries LLC. These market leaders with significant market share are actively engaged in expanding their customer base across the country.
In July 2023, Smurfit Kappa made a substantial investment of approximately EUR 4.7 billion (USD 5.17 billion) to support its global customer base. The company celebrated the opening of its inaugural site in North Africa, a state-of-the-art integrated plant located in Rabat, Morocco. Morocco, recognized as one of the fastest-growing economies globally, is anticipated to achieve a growth rate of 3.5% in 2023, with a further 3.7% increase projected for 2024, according to OECD forecasts. Smurfit Kappa's strategic positioning in Morocco allows it to efficiently serve both the local market and the broader African regions. Notably, the group has invested more than EUR 35 million (USD 38.51 million) in this expansive 25,000 m2 facility.
In December 2022, Mondi announced the commencement of production at its impressive EUR 16 million (USD 16.8 million) manufacturing plant located in Tangier, Morocco. This strategic investment significantly enhances production capacity in West Africa, enabling the production of over 500 million paper bags annually. This investment was undertaken with the primary objective of capitalizing on Mondi's existing expertise to meet the rising demand for paper bags within the region.
Morocco Flexible Packaging Market Leaders
Hotpack Packaging Industries LLC
Afrimag Glue
Multisac SA
Compagnie Industrielle Des Fibres
Mondi Pap Sac Maghreb SA (Mondi PLC)
*Disclaimer: Major Players sorted in no particular order
