MENA Sustainable Packaging Market (Material - Paper & Paperboard, Plastic, and Others; Packaging Type - Trays, Bags, Boxes, Bottles and Jars, Pouches & Sachets, Drums, and Others; Application - Food & Beverages, Automobile & Electronics, Chemical, Pharmaceutical, and Cosmetics and Personal Care): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the sustainable packaging market provides an in-depth analysis of segments and sub-segments in the MENA as well as regional sustainable packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional sustainable packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the MENA sustainable packaging market. The MENA sustainable packaging market was valued at about USD 11 billion in 2022 and is expected to reach nearly USD 15 billion in 2028, with a CAGR of approximately 5% during the forecast period.

Market Insight

Sustainable packaging is any type of eco-friendly material used to wrap and store products. Sustainability is particularly a regulatory and public concern around single-use packaging waste and it is combining with other powerful trends to drive major changes in consumer packaging. FMCG companies and retailers are proactively making bold commitments to improve sustainability. In sustainable packaging, compostable packaging is an increasing form. This protects food products similarly to regular packaging. To encourage the use of sustainable packaging governments are also taking steps worldwide. As conventional packaging depletes natural resources. Sustainable packaging encourages less use of natural resources, improving businesses’ ability to continue creating products and services longer.

Growing initiatives by the government to reduce the plastic waste in landfill and encourage the consumer towards sustainable packaging drive the growth of the market. For instance, a new initiative by packaging giant Tetra Pak will raise awareness of the importance of sustainable packaging and motivates Saudi Arabia’s community to make better use of recyclable material. The rising focus on sustainability and an increasing ban on single-use plastic packaging over other packaging solutions in Saudi Arabia boost the growth of the market in the region. As a result, the increasing demand for sustainable packages and heightened product protection is expected to encourage paper and paperboard packaging as a viable and cost-effective solution in Saudi Arabia. The high cost associated with making and recycling the packaging material hampered the growth of the market. A number of food service companies are replacing the single-use of plastic straws, lids, caps, cups, and food trays with products produced from paper or compostable alternatives. This initiative is expected to create growth opportunities for the market.

The rising focus on sustainability and an increasing ban on single-use plastic packaging over other packaging solutions. As a result, the rising demand for compostable packaging and heightened product protection is expected to encourage paper and paperboard packaging as a viable and cost-effective solution in Saudi Arabia. In the Middle East region, Saudi Arabia is one of the largest markets for the packaging industry. In Saudi Arabia, with the rising focus towards eco-friendly and sustainability, folding carton demand has been increasing across various industries like food and beverage, healthcare, personal care, homecare, retail, and other industries as well. Consumer consciousness of sustainable packaging preference, availability of raw material, lightweight, biodegradable, and recyclable nature of paper, and deforestation have driven the demand for the sustainable packaging type in the region.

Report Scope of the Sustainable Packaging Market:

Segment Covered

The report on MENA sustainable packaging market covers segments such as material, packaging type, and application. On the basis of material, the sub-markets include paper & paperboard, plastic, and others. On the basis of packaging type, the sub-markets include trays, bags, boxes, bottles and jars, pouches & sachets, drums, and others. On the basis of application, the sub-markets include food & beverages, automobile & electronics, chemical, pharmaceutical, and cosmetics and personal care.

Companies Profiled:

The report provides profiles of the companies in the market such as Logos Pack, ASPCO, Printpack, Arabian Plastic Industrial Company Limited (APICO), OCTAL, Gulf Packaging Industries Limited, Napco National, Takween Advanced Industries, Advanced Flexible Packaging Co., and Sealed Air.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sustainable packaging market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.