The most recent in-depth Middle East and North Africa (MENA) metal packaging market analysis indicates a strong expected growth path. Projections anticipate a substantial increase from US$ 8.16 billion in 2022 to US$ 11.29 billion by 2030. With a compound annual growth rate (CAGR) of 4.1 per cent throughout the forecast period, the market's expansion underscores rising confidence in metals like aluminium and steel as the favoured packaging material across diverse sectors.
MENA metal packaging forecasts strong growth in aluminium & steel packaging by 2030
A noteworthy factor contributing to this growth is the substantial market share held by the food and beverages segment. This underscores the pivotal role of aluminium and steel packaging in preserving product integrity and ensuring shelf-stability.
This trend aligns with global observations recognising the distinctive properties of metals such as aluminium and steel. These materials offer unparalleled barrier protection and durability, making them highly sought-after choices in the packaging industry. The market's positive outlook underscores the increasing recognition of metal packaging as a reliable and effective solution in diverse applications within the MENA region.
Traditional product categories such as cans, drums, caps and closures continue to dominate. At the same time, emerging trends in the personal care and cosmetics industries fuel further innovation and the widespread adoption of metal packaging solutions.
Key factors contributing to regional growth include:
rising demand for canned foods
surge in the personal care and cosmetics sectors
notable shift among consumers towards convenient, ready-to-eat food options
This trend is coupled with the industry's increasing emphasis on utilising recycled metals and post-consumer recycled materials, creating substantial opportunities for market expansion. In response to these regional dynamics, industry stakeholders are strategically navigating the landscape through mergers, acquisitions, and product development initiatives. These endeavours aim to broaden their market reach and adapt to the evolving demands of consumers and the industry, positioning them for success in the dynamic metal packaging market.
source：https://www.alcircle.com/news/mena-metal-packaging-forecasts-strong-growth-in-aluminium-steel-packaging-by-2030-105780
MENA metal packaging forecasts strong growth in aluminium & steel packaging by 2030
The most recent in-depth Middle East and North Africa (MENA) metal packaging market analysis indicates a strong expected growth path. Projections anticipate a substantial increase from US$ 8.16 billion in 2022 to US$ 11.29 billion by 2030.
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