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Growth Potential For The MENA Metal Packaging Market


In accordance with estimations, the Middle East and North Africa (MENA) metal packaging market is expected to grow at a solid pace, with estimates indicating a rise from US$ 8.16 billion in 2022 to US$ 11.29 billion by 2030.

The market continues to grow at a compound annual growth rate (CAGR) of 4.1% during the projected period, showing growing industry trust in metal as a preferred packaging material in a variety of industries.

The food and beverage category holds a significant market share, which highlights the importance of metal packaging in preserving the product's quality and shelf-stability. This is in line with global trends that acknowledge the special qualities of metals like steel and aluminum, which provide unmatched endurance and barrier protection.

While traditional product categories like cans, drums, caps and closures still hold an advantage over the market, new developments in the cosmetics and personal care sectors are spurring greater innovation and acceptance of metal packaging solutions.

A rise in the healthcare and cosmetics industries, a shift in consumer preferences towards easy, ready-to-eat food options and an increase in the demand for canned goods are some of the regional growth reasons. Together with the industry's shift towards using post-consumer recycled materials and recycled metals, this offers substantial prospects for market growth. Aiming to expand their reach and adjust to changing market demands, industry players are strategizing through mergers, acquisitions and product creation in light of these regional dynamics.


Source : www.dubainz.com
Posted on :4/10/2024