Valley Cottage, NY -- (SBWIRE) -- 06/05/2019 -- Demand for industrial packaging in the Middle East and Africa is likely to remain robust owing to the improving situation of international trade. In addition, global trade of industrial products has grown three-fold over the past decade. Bio-chemical products and food-grade ingredients are amongst few of the most traded items around the world. In the MENA region, the focus has recently shifted towards non-oil based industrial activities as the long-term dependency on crude oil business is gradually abating. Moreover, it is important to develop new business verticals in order to stay unaffected from the ongoing dwindles in the region's oil and gas industry. As compared to other regions, non-oil goods and services have a significantly low contribution to the economy of the MENA region. Yet exports, especially non-oil exports are expected to be crucial in the further development of the robust and all-inclusive growth model to secure the future of the region. End-use industry such as electronics, automotive, plastics & rubber, and agriculture in MENA are expected to witness a healthy growth over the medium term. This, in turn, is expected to support the growth of industrial packaging market in the region.

Vendor Insights

Industrial packaging solution manufacturers are actively focusing on further enhancing their product offerings. Many of the companies are changing their raw materials in accordance with the shift of customers towards convenience packaging. International Paper, Time Technoplast Ltd., Mauser Group B.V, Grief, Inc., Balmer Lawrie & Co. Ltd., Clouds Drums LLC., and Gulf Plastic Industries Company are amongst some of the leading companies operating in MENA's industrial packaging market.

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Future Market Insights (FMI) in its latest report reveals that the industrial packaging market in the MENA region stood at US$ 3,372.5 Mn in 2016 and is estimated to reach a valuation of US$ 5,053.0 Mn by 2024-end. Revenue from the sale of industrial packaging products in the region is expected to increase at a CAGR of 5.2% during the forecast period (2016–2024).

GCC and North Africa are identified as the key markets that account for more than 60% of MENA's industrial packaging market. Further, the market in GCC is projected to expand at a relatively higher CAGR over the forecast period and present lucrative opportunities for industrial packaging product manufacturers in the region.

Plastic Remains the Top Material for Manufacturing Industrial Packaging Products

In 2016, plastic based industrial packaging products accounted for more than 50% of the revenue share of the market in the region. Plastic packaging is used across several industrial verticals owing to its durability and cost efficiency. However, demand for paper & paperboard-based packaging material is expected to gain a healthy traction over the forecast period.

Based on product type, intermediate bulk containers (IBCs) packaging accounted for more than 30% revenue share of the market in 2016. IBCs are reusable industrial containers classified in 2 types: Flexible IBCs & Rigid IBCs. IBCs are commonly used for the transportation and storage of liquid and granulated substances such as food ingredients, chemicals, solvents, and pharmaceuticals.

By end-use, nearly US$ 1104.9 Mn worth of industrial packaging is expected to be consumed by the chemicals & pharmaceuticals sector over the forecast period. In addition, chemicals and pharmaceuticals sector is the most significant end-user for industrial packaging in the MENA region.

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Mena Industrial Packaging Market Reports - Table of Contents
1. Executive Summary – Industrial Packaging Market

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview – Industrial Packaging Market

4.1. Introduction

4.1.1. Industrial Packaging Market Definition

4.1.2. Industrial Packaging Market Taxonomy

4.2. Industrial Packaging Market Dynamics

4.2.1. Drivers

4.2.2. Macro-economic Factors Affecting Industrial Packaging Market

4.2.3. Restraints

4.2.4. Opportunities

4.3. Value and Supply Chain Analysis

4.4. Market Overview

4.4.1. Industry Chain

4.4.2. Profitability Margins

4.4.3. List of Active Participants

4.4.3.1. Raw Material Suppliers

4.4.3.2. Intermediate Products

4.4.3.3. Manufacturers

4.4.3.4. Distributors / Retailers

4.5. Pricing Analysis

4.5.1. Pricing Assumptions

4.5.2. Price Projections

4.6. Market Volume Analysis

4.6.1. Regional Production Outlook

4.6.2. Regional Consumption Outlook

4.6.3. Regional Production Vs. Consumption Outlook

4.7. Industrial Packaging Market Forecast, 2016-2024

4.7.1. Industrial Packaging MarketSize (Value) Forecast

4.7.1.1. Y-o-Y Growth Projections

4.7.1.2. Absolute $ Opportunity

4.8. Industrial Packaging Market Trends

4.9. Industrial Packaging Market Snapshot (2016)

4.9.1. Market Share By Material Type

4.9.2. Market Share By Product Type

4.9.3. Market Share By Packaging Type

4.9.4. Market Share By End Use

4.9.5. Market Share By Region

5. Industrial Packaging Market Analysis, By Material Type

5.1. Introduction

5.1.1. Y-o-Y Growth Comparison, By Material Type

5.1.2. Basis Point Share (BPS) Analysis, By Material Type

5.1.3. Comparative Analysis, By Material Type

5.2. Industrial Packaging Market Size (US$ Mn) and Volume (Units)Forecast By Material Type

5.2.1. Metal

5.2.2. Plastic

5.2.3. Paper & Paperboard

5.2.4. Fiber & Wood

5.3. Industrial Packaging Market Attractiveness Analysis, By Material Type

5.4. Prominent Trends

6. Industrial Packaging Market Analysis, Product Type

6.1. Introduction

6.1.1. Y-o-Y Growth Comparison, Product Type

6.1.2. Basis Point Share (BPS) Analysis, Product Type

6.1.3. Comparative Analysis, Product Type

6.2. Industrial Packaging Market Size (US$ Mn) and Volume (Units) Forecast Product Type

6.2.1. Plastic Pallets

6.2.2. Drums

6.2.3. IBCs

6.2.4. Sacks

6.2.5. Pails

6.2.6. Crates

6.2.7. Tubes

6.2.8. Bulk Boxes

6.2.9. Other

6.3. Industrial Packaging Market Attractiveness Analysis, Product Type

6.4. Prominent Trends

7. Industrial Packaging Market Analysis, By Packaging Type

7.1. Introduction

7.1.1. Y-o-Y Growth Comparison, By Packaging Type

7.1.2. Market Share and BPS Analysis, By Packaging Type

7.1.3. Comparative Analysis, By Packaging Type

7.2. Industrial Packaging Market Size (US$ Mn) and Volume (Units) Forecast By Packaging Type

7.2.1. Rigid

7.2.2. Flexible

7.3. Industrial Packaging Market Attractiveness Analysis, By Packaging Type

7.4. Prominent Trends ....more

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