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Middle East and Africa Food Service Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Plastic, Metal, and Others), Packaging Type (Flexible and Rigid), and Application (Beverages, Prepared Meals, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, and Others)

Report Code :  BMIRE00025296
No. of Pages :  138
Published Month :  Jul 2022
Category :  Chemicals and Materials
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The MEA food service packaging market is expected to grow from US$ 4,856.72 million in 2021 to US$ 6,520.63 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

 

Nowadays, consumers demand safe and least-processed food. To match up with all the demands of consumers, the food service packaging players are making significant changes in packaging solutions. Also, there are growing concerns about the environment. The packaging industry, majorly food packaging projects, aims to ensure 100% of packaging is recyclable, reusable, or compostable in the future. Now, companies in food service packaging are seeking ways of recycling and sustainable food packaging solutions. With respect to sustainable packaging, ecologic paper bottles, built from recycled newspapers and corrugated cardboard, are gaining high momentum for products such as protein powders, wine, and pet food. Also, TemperPack has made insulated packaging built from jute and material recycled from burlap bags. Eco-friendly packaging holds a significant position in protecting human health and the environment and maintaining natural resources. Ideal packaging material is required to possess recycling ability to solve environmental issues. Moreover, research on producing a biodegradable packaging material intends to develop eco-friendly packaging materials that encompass reduce, recycle, renew, reuse, and repurpose qualities. Thus, a ban on plastic items and mandates on the use of recyclable packaging solutions are anticipated to offer substantial growth opportunities to the industry players in the food service packaging market across the region.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA food service packaging market. The MEA food service packaging market is expected to grow at a good CAGR during the forecast period.

 

MEA Food Service Packaging Market Revenue and Forecast to 2028 (US$ Million)


     

  

MEA Food Service Packaging Market Segmentation         

 

The MEA food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the MEA food service packaging market is segmented into plastic, metal, and others. The others segment dominated the market in 2020, and the plastic segment is expected to be the fastest-growing segment during the forecast period. Based on packaging type, the MEA food service packaging market is segmented into flexible and rigid. The flexible segment dominated the market in 2020, and the same segment is expected to grow faster during the forecast period. Based on application, the MEA food service packaging market is segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment dominated the market in 2020, and the dairy products segment is expected to be the fastest-growing segment during the forecast period. Based on country, the MEA food service packaging market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA.      

     

Amcor PLC, Ball Corporation, BeGreen Packaging, Berry Global Inc., Graphic Packaging Holding Company, Huhtamaki, Sealed Air, Stora Enso, and WestRock Company are among the leading companies in the MEA food service packaging market.

  1. Amcor PLC
  2. Ball Corporation
  3. BeGreen Packaging  
  4. Berry Global Inc.
  5. Graphic Packaging Holding Company
  6. Huhtamaki
  7. Sealed Air
  8. Stora Enso  
  9. WestRock Company  
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA food service packaging market.     
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the MEA food service packaging market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the food service packaging market as well as those hindering it 
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution