Middle East and Africa Corrugated Boards Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Food and Beverage, E-commerce, Consumer Durables, Electrical and Electronics, and Others)
Market Introduction
The Middle East & Africa market is experiencing rapid development with the growth of Dubai, Abu Dhabi, and Iran. In the region, there has been a rise in retail and e-commerce industries along with the growing need for environmentally friendly packaging materials. The demand for secondary and tertiary paper packaging products as well as corrugated boxes has increased dramatically as online shopping platforms have grown rapidly. The food industry is one of the largest consumers of corrugated packaging in the Middle East & Africa. There has been an increase in the adoption rate of packaged food consumption owing to rapid urbanization and an increasing number of tourists and expiates that often prefer safer processed foods. Also, the region has stringent packaging regulations in terms of food and beverages.
South Africa has the largest COVID-19 cases in the Middle East & Africa region, followed by Saudi Arabia and UAE, among others. UAE was the first country in Middle East & Africa to report a confirmed case of COVID-19. The impact of lockdown in the Middle Eastern and African countries was that various chemicals & materials companies remained closed leading to the reduction in the sale of various products that negatively impacted the market for corrugated board in the region. According to McKinsey and Company Report. Middle East & Africa region were slow to adopt e-commerce, but the COVID-19 pandemic has prompted a change. Consumers across the Gulf Cooperation Council, South Africa, and Turkey have increased online shopping during the pandemic amid higher demand for groceries, personal care, and household supplies. In fact, consumers in Saudi Arabia and the United Arab Emirates have seen among the highest rates of “new or increased” users in online deliveries (restaurant products and groceries) and communications. Thus, due to the pandemic the consumers have increased the usage of e-commerce platform, leading to an increase demand of corrugated board from the e-commerce companies for packaging purpose. The growing e-commerce industry will have a positive impact on the corrugated board market.
Market Overview and Dynamics
The corrugated boards market in Middle East & Africa is expected to grow US$ 15,365.03 million in 2021 to US$ 20,810.45 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. E-commerce platforms have gained significant momentum across the world owing to the rising investments by businesses in the expansion of their geographic reach through diverse distribution channels, along with the growth of the industrial sector. As a result, direct-to-consumer deliveries have surged by 20-times or more than standard distribution. Moreover, online retailers have experienced a significant growth in the past several years owing to technological innovations, which have propelled the demand for corrugated packaging products. The COVID-19 pandemic has aggravated the growth of online retail due to social distancing being mandated at public places and restrictions enacted on conducting face-to-face commerce. Therefore, the growth of the e-commerce industry propels the demand for advanced packaging solutions, such as corrugated boards, across the region. Manufacturers are strongly focused on reaching larger customer bases and building brand identity and customer retention through better sales activities. Therefore, they adopt online retail platforms to secure a strong market position. Online retailing creates demand for product-specific corrugated boards to keep items safe from mechanical stress. Online retail companies are increasingly using corrugated boards for packaging as it promotes their brand in terms of sustainability.
Key Market Segments
In term of application, food and beverages segment held a larger market share of the corrugated boards market in 2020. Further based on food and beverages, process food industry segment held a larger market share of the corrugated boards market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the corrugated boards market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Klabin S.A.; International Paper; Arcor; Mondi; NIPPON PAPER INDUSTRIES CO., LTD.; Klingele Papierwerke GmbH & Co. KG; and Smurfit Kappa among others.
Reasons to buy report
- To understand the Middle East & Africa corrugated boards market landscape and identify market segments that are most likely to guarantee a strong return
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- Efficiently plan M&A and partnership deals in Middle East & Africa corrugated boards market by identifying market segments with the most promising probable sales
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.
Middle East & Africa Corrugated Boards Market Segmentation
Middle East & Africa Corrugated Boards Market – By Application
- Process food industry
- Fresh Fruit and Vegetable Packaging
- Others
- E-Commerce
- Consumer Durables
- Electricals and Electronics
- Others
Middle East & Africa Corrugated Boards Market – By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Middle East & Africa Corrugated Boards Market – Companies Mentioned
- Klabin S.A.
- International Paper
- Arcor
- Mondi
- NIPPON PAPER INDUSTRIES CO., LTD.
- Smurfit Kappa
- WestRock Company
- Klingele Papierwerke GmbH & Co. KG
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Corrugated Boards Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Middle East & Africa Corrugated Board Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Demand for Corrugated Boards in Diverse Applications
5.1.2 Steady Expansion of Online Retail
5.1 Market Restraints
5.1.1 Fluctuating Prices of Raw Materials
5.2 Market Opportunities
5.2.1 Elevating Demand for Sustainable and Lightweight Packaging Materials
5.3 Future Trends
5.3.1 Enriching Advancements in Digital Printing
5.4 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Corrugated Boards Market Analysis
6.1 Market Overview
6.2 Middle East & Africa Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Corrugated Board Market Analysis – by Application
7.1 Overview
7.2 Middle East & Africa Corrugated Board Market, by Application (2020 and 2028)
7.3 Food and Beverages
7.3.1 Overview
7.3.2 Food and Beverages: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Processed Food Industry
7.3.3.1 Overview
7.3.3.2 Processed Food Industry: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Fresh Fruit and Vegetable Packaging
7.3.4.1 Overview
7.3.4.2 Fresh Fruit and Vegetable Packaging: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.4 E-Commerce
7.4.1 Overview
7.4.2 E-Commerce: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Consumer Durables
7.5.1 Overview
7.5.2 Consumer Durables: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Electricals and Electronics
7.6.1 Overview
7.6.2 Electricals and Electronics: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Corrugated Board Market – Country Analysis
8.1 Overview
8.1.1 Middle East & Africa: Corrugated Board Market, by Key Country
8.1.1.1 South Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 South Africa: Corrugated Board Market, by Application
8.1.1.2 Saudi Arabia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 Saudi Arabia: Corrugated Board Market, by Application
8.1.1.3 UAE: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 UAE: Corrugated Board Market, by Application
8.1.1.4 Rest of MEA: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.4.1 Rest of Middle East & Africa: Corrugated Board Market, by Application
9. Impact of COVID-19 on Middle East & Africa Corrugated Boards Market
9.1 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Merger & Acquisition
10.3 Business Planning and Strategy
10.4 Expansion & Collaboration
10.5 Product News
11. Company Profiles
11.1 Smurfit Kappa
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Klabin S.A.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 International Paper
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Arcor
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Klingele Papierwerke GmbH & Co. KG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Mondi
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 NIPPON PAPER INDUSTRIES CO., LTD.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Middle East & Africa Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of Middle East & Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Glossary of Terms, Corrugated Board Market
LIST OF FIGURES
Figure 1. Middle East & Africa Corrugated Boards Market Segmentation
Figure 2. Middle East & Africa Corrugated Boards Market Segmentation – By Country
Figure 3. Middle East & Africa Corrugated Boards Market Overview
Figure 4. Food and Beverage Segment Held the Largest Share of the Middle East & Africa Corrugated Boards Market
Figure 5. South Africa Held Largest Share of Middle East & Africa Corrugated Boards Market
Figure 6. Middle East & Africa Corrugated Boards Market, Key Market Players
Figure 7. Porter ‘s Five Forces Analysis for Middle East & Africa Corrugated Board Market
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Corrugated board Market – Ecosystem Analysis
Figure 10. Middle East & Africa Corrugated Board Market Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Middle East & Africa Corrugated Board Market Revenue Share, by Application (2020 and 2028)
Figure 13. Food and Beverages: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Processed Food Industry: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Fresh Fruit and Vegetable Packaging: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. E-Commerce: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Consumer Durables: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Electricals and Electronics: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Geographic Overview of Middle East & Africa Corrugated Boards Market
Figure 22. Middle East & Africa: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. South Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Saudi Arabia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UAE: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of MEA: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic on Middle East & Africa Corrugated Board in Middle East & Africa
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