At 4.0% CAGR, Middle East & Africa Corrugated Bulk Bins Market is Projected to be Worth US$ 930.31 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa corrugated bulk bins market was valued at US$ 680.47 million in 2023 and is anticipated to reach US$ 930.31 million by 2031, recording a CAGR of 4.0% from 2023 to 2031. Continuous growth of food & beverages industry and integration of RFID in the corrugated bulk bins are among the critical factors attributed to drive the Middle East & Africa corrugated bulk bins market growth.

The food & beverages industry generates a huge demand for efficient and cost-effective packaging solutions. Corrugated bulk bins are collapsible containers, which makes storage applications more efficient. The food & beverages industry often deals with large quantities of products that need to be transported and stored efficiently. Corrugated bulk bins hold a significant volume of goods, making them ideal for mass transportation and storage. These containers are made from recyclable materials, which makes them an environment-friendly option compared to containers made from plastics. As the food & beverages industry faces increasing pressure to adopt sustainable practices, the demand for recyclable storage and transportation products such as corrugated bulk bins are on the rise in this industry. Thus, the flourishing food & beverages industry drives the Middle East & Africa corrugated bulk bins market growth.

On the contrary, availability of alternatives hampers the growth of Middle East & Africa corrugated bulk bins market.

Based on type, the Middle East & Africa corrugated bulk bins market is segmented into single-wall, double-wall, and triple-wall. The triple- wall segment held 58.5% market share in 2023, amassing US$ 397.99 million. It is projected to garner US$ 553.28 million by 2031 to register 4.2% CAGR between 2023–2031.

By form, the Middle East & Africa corrugated bulk bins market is categorized into hinged, totes, pallet, and others. The pallet segment held 46.7% share of Middle East & Africa corrugated bulk bins market in 2023, amassing US$ 317.81 million. It is anticipated to garner US$ 432.29 million by 2031 to expand at 3.9% CAGR during 2023–2031.

In terms of application, the Middle East & Africa corrugated bulk bins market is categorized into food & beverages, industrial equipment & parts, construction, electrical & electronics, chemicals, pharmaceuticals, and others. The food & beverages segment held 59.4% share of Middle East & Africa corrugated bulk bins market in 2023, amassing US$ 404.12 million. It is anticipated to garner US$ 564.81 million by 2031 to expand at 4.3% CAGR during 2023–2031.

Based on country, the Middle East & Africa corrugated bulk bins market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 37.4% share of Middle East & Africa corrugated bulk bins market in 2023. It was assessed at US$ 254.49 million in 2023 and is likely to hit US$ 335.80 million by 2031, registering a CAGR of 3.5% during 2023–2031.

Key players operating in the Middle East & Africa corrugated bulk bins market are DS Smith Plc, Greif Inc., Indevco Paper Containers, Mondi Plc, Napco National, Tri-Wall Limited, VISY Industries Australia Pty Ltd, and WestRock Co, among others.

• In 2024, Atlantic Packaging rolls out second-gen beverage carrier packaging.
• In 2024, International Paper Announces Agreement to Acquire DS Smith.

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