Middle East and Africa Food Containers market size is expected to be USD 23.94 billion in 2024 to grow at a CAGR of 5.5% to reach USD 29.4 billion by 2029.
The emergence of packaged food as one of the most lucrative segments of the Middle East and Africa food and beverage industry in the past few years has fuelled large-scale developments across the market for food containers. The continuously widening array of available product varieties in the market and their broadening scope of applications are presenting significant growth opportunities to companies operating in the field of food packaging. Food containers are utilized in the form of flexible bags, rigid plastic containers, sacks, paperboard, metal containers, and glass bottles increasing the importance of flexible packaging material in the nutrition industry because of exhibiting splendid properties like aroma retention, good heat insulation, and moisture barrier resistance is anticipated to drive the market over the aforementioned forecast period.
The growing concerns over greenhouse emissions in the F&B industry owing to stringent regulations aimed at reducing carbon dioxide usage are expected to promote the demand for sustainable packaging goods derived from bioplastics. Furthermore, the rising importance of secure disposal and lightweight the packaging in F&B industry is anticipated to have a significant impact over the forecast period. Upgrading the organic personal care industry of Germany and France is anticipated to promote the packaging activity thereby reducing the access of raw materials to the food processing sector. Moreover, stringent regulatory norms aimed at controlling deforestation worldwide are anticipated to reduce the availability of paper as a feedstock for the production of food containers.
This Research Report on Middle East and Africa Food Containers market is segmented and sub segmented into following categories
Middle East and Africa Food Containers Market By Product
Flexible packaging was the largest product segment, accounting for 41.4% of the market share in 2015. The growing importance of thin-film packaging in the nutritional industry as a protective medium for improving the shelf life of finished food goods is anticipated to promote application growth over the forecast period. Rigid plastics is estimated to foresee growth at a CAGR of 4.4% from 2016 to 2021. Technological innovation in terms of the development of biodegradable plastics by market players like Cargill Foods is likely to open new market opportunities for the rigid packaging product forms over the aforementioned forecast period.
Middle East and Africa Food Containers Market By Application
Meat processing products earned a revenue of USD 62.16 billion in 2016 and is likely to undergo significant growth due to the growing sales volumes of frozen beef product forms in developed countries including the U.S. and Germany. Dairy goods are estimated to foresee growth at a CAGR of 4.0% from 2016 to 2021. Product innovation by Fonterra, Kerry Foods, and Dairy Foods America Inc. along with the development of new products like cheese and chilled desserts are anticipated to play a vital role in growing the demand for containers over the forecast period.
Middle East and Africa Food Containers Market By Region
KEY PLAYERS IN MIDDLE EAST AND AFRICA FOOD CONTAINERS MARKET
Key Players In Middle East And Africa Food Containers Market Are Silgan, Ball Corporation, Bemis, Ardagh, Berry Plastics, Caraustar Industries, Graham Packaging.
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