Middle East & Africa Flexible Packaging Market Size & Outlook
The flexible packaging market in Middle East & Africa is expected to reach a projected revenue of US$ 15,904.1 million by 2030. A compound annual growth rate of 4.3% is expected of Middle East & Africa flexible packaging market from 2024 to 2030.
In terms of revenue, MEA region accounted for 4.4% of the global flexible packaging market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 153,216.8 million by 2030.
A shift toward sustainability along with the changing consumer behavior toward healthier products in the Middle East & Africa region is expected to boost the demand for flexible packaging. Growth in population coupled with rising consumer disposable income in the region has posed a high demand for quality and organic food.
However, the manufacturing sector in the region is growing at a slower pace compared to other regions owing to unfavorable geography and lack of raw material availability. This is likely to impact the production of flexible packaging solutions in the region. The food & beverage trends in the Middle East & Africa are undergoing a major transition owing to increasing consumer awareness and the introduction of a large number of soft drinks.
These factors have led to an increasing inclination for natural and cleaner diets and a growing preference for packaged natural food which are expected to increase the demand for flexible packaging solutions over the forecast period.
Middle East & Africa Flexible Packaging Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Flexible Packaging Market Outlook will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 74.32% in 2023.
Horizon Databook has segmented the Middle East & Africa flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
A shift toward sustainability along with the changing consumer behavior toward healthier products in the Middle East & Africa region is expected to boost the demand for flexible packaging. Growth in population coupled with rising consumer disposable income in the region has posed a high demand for quality and organic food.
However, the manufacturing sector in the region is growing at a slower pace compared to other regions owing to unfavorable geography and lack of raw material availability. This is likely to impact the production of flexible packaging solutions in the region. The food & beverage trends in the Middle East & Africa are undergoing a major transition owing to increasing consumer awareness and the introduction of a large number of soft drinks.
These factors have led to an increasing inclination for natural and cleaner diets and a growing preference for packaged natural food which are expected to increase the demand for flexible packaging solutions over the forecast period.
Middle East & Africa Flexible Packaging Market Raw Material Outlook (Revenue, USD Million , 2018-2030)
Plastics
Paper & Paperboard
Metal
Bioplastics
Middle East & Africa Flexible Packaging Market Product Outlook (Revenue, USD Million , 2018-2030)
Pouches
Rollstock
Bags
Films & Wraps
Others
Middle East & Africa Flexible Packaging Market Application Outlook (Revenue, USD Million , 2018-2030)
Food & beverages
Pharmaceutical
Personal Care & Cosmetics
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Flexible Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Flexible Packaging Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Flexible Packaging Market, 2018-2030 (US$M)