The Middle East & Africa Aluminum Foil Packaging Market size is expected to reach USD 2.85 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Some of the key players of this industry are Amcor plc, Constantia Flexibles, Novelis Aluminum, Raviraj Foils Ltd. The growth is driven by the shift of oil economies in the Middle East toward non-oil industries, including food & beverage, pharmaceutical, and cosmetics.
Aluminum pouches and aluminum containers are being
increasingly preferred for takeaway parcels by foodservice outlets owing to the
performance benefits of aluminum foils. Aluminum foil packaging is
recyclable and thereby expected to achieve significant gains in the flexible
packaging segment in the region.
The governmental initiatives to curb the generation of
plastic wastage are further expected to support market growth. In February
2017, officials in Jeddah, Saudi Arabia urged foodservice outlets, such as
restaurants and bakeries, to stop using plastic bags and replace them with
paper bags or aluminum foil containers. Such regulations are expected to be
more prevalent in the coming years in response to the issues associated with
plastic waste, thereby supporting the product demand.
Countries, such as Saudi Arabia and UAE, have
witnessed an increased number of tourists over the past few years. This is
expected to result in the growth of foodservice outlets and Quick-Service
Restaurants (QSRs) in the region. This is expected to augment the consumption
of aluminum packaging products, such as pouches and containers.
The COVID-19 pandemic has significantly increased the
demand for home delivery of food packets due to restrictions on public movement
on streets. Changing consumer behavior has resulted in increased demand at
foodservice outlets, wherein aluminum packaging products are majorly used. This
is expected to fuel the product demand for takeaway foods, thereby supporting
market growth.
Related Press Release@ Middle East & Africa Aluminum Foil Packaging Market Report
Middle East & Africa Aluminum
Foil Packaging Market Report Highlights
- In terms of revenue, the pouches segment is projected to ascend at
the highest CAGR of 5.9% over the forecast period. Aluminum foil pouches
are used as a primary packaging solution for products, such as tea or
plant-based products, as it offers barrier properties against moisture,
gases, and light and thereby retains the aroma of the packed products
- The pharmaceutical end-use segment accounted for a revenue share of
17.7% in 2020. With increasing governmental initiatives, such as the
VISION 2030 plan of Saudi Arabia, towards the development of non-oil-based
industries are expected to support pharmaceutical manufacturing in the
region. This is expected to contribute to the market growth in the years
to come
- Egypt is projected to be the fastest-growing region over the
forecast period owing to the growing food & beverage and
pharmaceutical industries. Pharmaceutical manufacturers in the country
have been focusing on expanding production capacities to meet the growing
demand for drugs. For instance, Sanofi increased the investment in
pharmaceuticals in Egypt by 50% in 2019 to gain a higher market share
- Major manufacturers operating in Middle East & Africa (MEA) are
increasingly emphasizing sustainable packaging solutions. For instance, in
January and October 2018, Amcor plc and Constantia Flexibles pledged to
make 100% of their portfolio recyclable or reusable by 2025, respectively.
This is expected to support the production of aluminum foil-based
packaging solutions
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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