Middle East & Africa Aluminum Foil Packaging Market Is Estimated To Register A CAGR Of 4.8% By 2028Posted by rahul nikade on October 17th, 2022 Middle East & Africa Aluminum Foil Packaging Industry Overview The Middle East & Africa aluminum foil packaging market size was valued at USD 1.94 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2028. A major shift from plastic packaging to sustainable packaging choices is anticipated to augment the growth of the market. The rising number of food service outlets and a resultant rise in demand for food packaging containers are expected to drive the market over the forecast period. The rapid expansion of the middle-class population in the region is further expected to play a pivotal role in the growth of the food & beverage sector. Among types of aluminum foil packaging, foil wraps are used for wrapping food products in households as well as in the food & beverage industry. Rising usage of blister packs for packaging of medicinal tablets & capsules is further expected to surge the demand for aluminum foil packaging. Gather more insights about the market drivers, restrains and growth of the Middle East & Africa Aluminum Foil Packaging Market Increasing demand for canned & frozen food products, infant formulas, and nutritional supplement powders packaged in metal tins is expected to boost demand for aluminum foil lids. Aluminum foil is considered a sustainable material owing to its reusability and degradability. Properties, such as rigidity, providing a barrier against moisture, light, and oxygen, and high aesthetic appeal make aluminum an ideal material choice for rigid as well as flexible packaging in multiple end-use industries.
The Middle East & Africa (MEA) was the second-largest aluminum-producing region in 2020. Countries under Gulf Corporation Council (GCC), such as U.A.E., Bahrain, Saudi Arabia, Qatar, and Oman, are prominent producers of primary aluminum. This is expected to support the market growth in the region. With the advent of e-commerce, end users are increasingly placing bulk orders through online channels. Consumers can also procure packaging solutions by placing orders through websites operated directly by the packaging manufacturers. For instance, Saudi Arabia-based Ampco offers aluminum containers from its e-commerce portal. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports
Middle East & Africa Aluminum Foil Packaging Market Segmentation Grand View Research has segmented the Middle East & Africa aluminum foil packaging market on the basis of product, end use, and countries: MEA Aluminum Foil Packaging Product Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
MEA Aluminum Foil Packaging End-use Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
MEA Aluminum Foil Packaging Country Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
Market Share Insights
Key Companies profiled: Some of the prominent players in the Middle East & Africa (MEA) aluminum foil packaging market include:
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