Emphasis on Raw Material (Polyethylene, Polypropylene, polystyrene and others); Packaging Type (Trays and Containers, Clamshells, Cups and Lids and Others); End-Use Industry (Food & Beverages, Pharmaceuticals, Personal Care and Cosmetics, Industrial, and Others); and Country
The MENA Thermoformed Plastic Packaging Market was valued at USD 2601.2 Million in 2022 and is expected to grow at a strong CAGR of around 5.88% during the forecast period (2023-2030) owing to the increasing governmental focus on environmental sustainability and stringent regulations promoting eco-friendly packaging.
In addition, the surge in the adoption of thermoformed plastic packaging improves supply chain efficiency and reduces overall environmental footprint. The United Arab Emirates (UAE) has a Total Ecological Footprint (TEF) of 11.9 global hectares per person, significantly higher than the world average of 1.8 global hectares per person. Turkey and the Kingdom of Saudi Arabia also have very large footprints — 7.6 and 4.6 global ha/person respectively. Therefore, the demand for thermoformed plastic packaging solutions has surged across various industries in the region due to the developing acceptance of biodegradable and compostable packaging solutions.
Some of the major players operating in Amcor PLC, Alpla Werke Alwin Lehner Gmbh and Co KG, Hotpack Packaging Industries LLC, Cristal Plastic Industrial LLC, Arabian Plastics Industrial Company Limited, Nuplas Industries, Sonoco Products Company, Berry Global Group Inc, Napco National, Interplast. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
“Amongst raw material, the thermoformed plastic packaging market is segmented into Polyethylene, Polypropylene, polystyrene and others. The Polyethylene segment accounted for a significant market share in 2022 and it is estimated that it will grow rapidly during the projected timeframe.”
Based on the raw material, packaging type, and end-use industry, the market is segmented into offices, residential, hotels, retail, industrial and logistics, and others. Residential segment held a significant share of the market in 2022. Due to population expansion and changing living preferences, there has been a rising demand for residential properties across various cities throughout the Middle East over recent years. In cities like Riyadh, Jeddah, and Doha, high-end gated communities offering modern amenities are becoming increasingly preferred by locals seeking comfortable homes and expats looking for quality housing options. This surging interest in residential properties has prompted developers to focus more on delivering family-friendly environments with recreational facilities rather than solely targeting commercial ventures.
Amongst packaging types, the market is segmented into trays and containers, clamshells, cups and lids and others. Trays and containers held a significant share of the market in 2022.”
Based on packaging type, the market is segmented into trays and containers, clamshells, cups and lids and others. Trays and containers held a significant share of the market in 2022. These trays provide a robust and customizable packaging solution for efficiently organizing and transporting an array of products. Their lightweight nature translates to reduced shipping costs, while the ability to design trays with compartments enhances product organization and minimizes the risk of damage during transit. Thermoform plastic trays are finding utility in electronic components packaging, automotive parts distribution, and various retail displays.
“Turkey dominated the market.”
The Thermoform Plastic packaging market in Turkey held the largest share in 2022. Turkey has witnessed a surge in regulatory initiatives aimed at reducing plastic waste and promoting eco-friendly practices. The “Zero Waste” regulation, introduced in 2017, set ambitious targets for waste reduction and emphasized the importance of thermoformed plastic packaging in achieving these goals. As per the CMS Legal, in January 2024, the National Action Plan for Waste Management 2023 provides for the disposal of 35% of waste through recycling and 65% through regular storage by 2023. Moreover, the growing consumer awareness, coupled with an expanding e-commerce sector and government incentives for thermoformed plastic practices, propels the demand for eco-friendly packaging solutions in Turkey. However, the country’s strategic geographical location, acting as a bridge between East and West, enhances its potential as a regional hub for thermoformed plastic packaging innovation.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Key Insights
4. Market Synopsis
5. Executive Summary
6. Mena Thermoform Plastic Packaging Market Revenue, 2020-2030f
7. Market Insights By Raw Material
8. Market Insights By Packaging Type
9. Market Insights By End-use Industry
10. Market Insights By Country
11. Mena Thermoform Plastic Packaging Market Dynamics
12. Mena Thermoform Plastic Packaging Market Opportunities
13. Mena Thermoform Plastic Packaging Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA thermoform plastic packaging market were the three major steps undertaken to create and analyze the adoption of MENA thermoform plastic packaging in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA thermoform plastic packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA thermoform plastic packaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA thermoform plastic packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as raw material, packaging type, and end-use industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA thermoform plastic packaging market. Further, we conducted factor analysis using dependent and independent variables such as raw material, packaging type, and end-use industry of the MENA thermoform plastic packaging market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the MENA thermoform plastic packaging market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA thermoform plastic packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA thermoform plastic packaging market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the raw material, packaging type, and end-use industry of the MENA thermoform plastic packaging market.
The current & future market trends of the MENA thermoform plastic packaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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