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 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.