Middle East & Africa Fresh Food Packaging Market Size & Outlook
- Packaging & Packaging Solutions
- Packaging Solutions
- Fresh Food Packaging Market Outlook
- Packaging Solutions
Middle East Africa Fresh Food Packaging Market, 2017-2028 (US$B)
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MEA fresh food packaging market highlights
- The MEA fresh food packaging market generated a revenue of USD 4.8 billion in 2020.
- The market is expected to grow at a CAGR of 5.3% from 2021 to 2028.
- In terms of segment, rigid was the largest revenue generating type in 2020.
- Flexible is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 4.8 billion |
| Market revenue in 2028 | USD 7.2 billion |
| Growth rate | 5.3% (CAGR from 2020 to 2028) |
| Largest segment | Rigid |
| Fastest growing segment | Flexible |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Rigid, Flexible |
| Key market players worldwide | Amcor PLC, DS Smith PLC, Mondi PLC, Coveris, Transcontinental Inc Shs -A- Voting Subord., Constantia Flexibles, Sealed Air Corp, Sonoco Products Co, Huhtamäki Oyj, Clondalkin Group, ProAmpac, Genpak, Winpak Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.9% of the global fresh food packaging market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 82.1 billion by 2028.
The Middle East and Africa is expected to witness noteworthy growth over the forecast period owing to the growing population and growth of application industries. According to the estimates of the United Nations, the African continent is expected to witness the highest population growth by 2050.
Furthermore, increasing government initiatives to promote industries except for crude oil by the Middle Eastern countries are expected to act as a stimulant for dairy, meat, and fisheries over the forecast period.
Higher per capita income in the Middle Eastern countries has led to higher spending on e-commerce retail and luxury retail products. The region is majorly dependent on imports of fresh fruits and vegetables.
Key Regions:U.S., UK, Japan, Brazil, Netherlands
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Publish Date: Aug 26, 2024
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Fresh Food Packaging Market Scope
Fresh Food Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sonoco Products Co | View profile | 23,000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | www.sonoco.com |
| Huhtamäki Oyj | View profile | 17,868 | Revontulenkuja 1, Espoo, Finland, 02100 | www.huhtamaki.com |
| Amcor PLC | View profile | 41,000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | www.amcor.com |
| Sealed Air Corp | View profile | 17,000 | 2415 Cascade Pointe Boulevard, Charlotte, NC, United States, 28208 | www.sealedair.com |
| Mondi PLC | View profile | 21,773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | www.mondigroup.com |
| Constantia Flexibles | View profile | 5001-10000 | Vienna, Wien, Austria, Europe | www.cflex.com |
| Genpak | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | www.genpak.com |
| DS Smith PLC | View profile | 29,672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | www.dssmith.com |
| Transcontinental Inc Shs -A- Voting Subord. | View profile | 8,131 | 1 Place Ville Marie, Suite 3240, Affaires Juridiques,, A/s Caroline Hamel, Montreal, QC, Canada, H3B 0G1 | tctranscontinental.com |
| Coveris | View profile | 5001-10000 | Chicago, Illinois, United States, North America | www.coveris.com/ |
Middle East & Africa Fresh Food 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 Fresh Food Packaging Market Outlook will help companies and investors design strategic landscapes.
Rigid was the largest segment with a revenue share of 52.08% in 2020.
Horizon Databook has segmented the Middle East & Africa fresh food packaging market based on rigid, flexible covering the revenue growth of each sub-segment from 2017 to 2028.
The Middle East and Africa is expected to witness noteworthy growth over the forecast period owing to the growing population and growth of application industries. According to the estimates of the United Nations, the African continent is expected to witness the highest population growth by 2050.
Furthermore, increasing government initiatives to promote industries except for crude oil by the Middle Eastern countries are expected to act as a stimulant for dairy, meat, and fisheries over the forecast period.
Higher per capita income in the Middle Eastern countries has led to higher spending on e-commerce retail and luxury retail products. The region is majorly dependent on imports of fresh fruits and vegetables.
- Middle East & Africa Fresh Food Packaging Market Type Outlook (Revenue, USD Million , 2017-2028)
- Rigid
- Flexible
- Middle East & Africa Fresh Food Packaging Market Material Outlook (Revenue, USD Million , 2017-2028)
- Plastics
- Paper & Paper Board
- Bagasse
- Polylactic Acid
- Others
- Middle East & Africa Fresh Food Packaging Market Application Outlook (Revenue, USD Million , 2017-2028)
- Eggs, Meat & Seafood
- Fruits & Vegetables
- Dairy Products
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Fresh Food Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Fresh Food Packaging Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Middle East Africa Fresh Food Packaging Market, 2017-2028 (US$B)
MEA fresh food packaging market statistics, by type, 2017-2028 (US$M)
