Middle East Metal Packaging Market (2020-2026) | Revenue, Companies, Growth, Industry, Trends, Forecast, Analysis, Size, Share, Outlook, Value & COVID-19 IMPACT

Middle East Metal Packaging Market is growing due to the affluence of the society and higher purchase power, premium meats, such as quail and camel, have been observing an increase in demand and may continue to do so, thus, providing important opportunities. The region is also noticing an increasing demand for beverages, due to harsh climatic conditions. The primary drivers of the canned food market in the future are the increasing urban population in Saudi Arabia, the growing ex-pat population, rising female labor force participation, and the surging innovations in product and packaging solutions. Aluminum Cans are expected to hold an important share, due to the introduction of new products and packaging solutions, which is giving rise to more variants of products that are accessible to the consumers, thus, leading to growth in sales of canned food products. Furthermore, with stringent government regulations for environmental safety, which has placed barriers on the production and disposal of synthetic polymers like plastic, beverage manufacturing companies are focusing on innovative packaging solutions to make it more convenient to the consumers. Moreover, the trend of economical smaller packages and super-saver bulk packages are highly adopted in the food and beverage industry. Further, the standardization of the ‘Made in UAE’ initiative, which introduces the local manufacturers to the global market, is helping the country to reduce its reliance on imports and to strengthen its export potential. The positive growth of this kind in the manufacturing sector encouraged considerable investments in the packaging industry. According to Dubai Exports, the United Arab Emirates accounts for a large number of food and beverage manufacturing units, to meet stringent packaging regulations imposed by the EU, the local food processors and contract packaging companies have a high preference for rigid packaging solutions for such exports. With the urbanization and growth of industries in Saudi Arabia, the packaging industry has gained a significant boost in its demand levels. Presence of raw material has also been a critical demand influencer. With major revenue generated from the oil and gas sector, Saudi Arabia is planning to develop other industries to limit the dependency in oil and gas revenues and diversify its economy. However, with most of the region facing a ban on alcohol, the demand for metal cans in the region may be affected. Additionally, the region’s unstable economy and decreasing oil prices may hinder the growth of the market. The recent outbreak of COVID - 19 made the industry suffer a hit as non-food and premium good packaging witnessed a downfall considering consumers started to cut on their spending. Furthermore, delays have been experienced due to country-specific travel restrictions and safety concerns.

According to 6Wresearch, Middle East Metal Packaging Market is anticipated to witness growth during the forecast period 2020-26. The Middle East customers rising preference towards packed food, ready to eat food and beverages, accompanied by better and safer packaging is creating possibilities. The personal care segment and demand for youth-centric cosmetic products have potential growth opportunities in the market. Furthermore, the technological advancements in the metal packaging industry are expected to give a boost to the industry.

Based on verticals, the market has been segmented into food & beverages, healthcare, personal care, chemical, and others. The segmentation of product can be done into cans & drums and barrels, caps and closures. It extends the shelf life of food & beverage products and delivers protection against light, oxygen, and bacteria. In recent time the pharmaceuticals are witnessing a rise considering the current situation of a pandemic. The ongoing efforts of the government to ban plastic completely due to environmental concerns forecasts increasing demand for metal packaging.

The Middle East Metal Packaging report thoroughly covers the market type, verticals and countries including UAE, Saudi Arabia, Qatar, Bahrain and the rest of the Middle East. Middle East Packaging outlook report provides an unbiased and detailed analysis of the on-going Middle East Metal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Middle East Metal Packaging Market Outlook
• Middle East Metal Packaging Market Overview
• Middle East Metal Packaging Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East Metal Packaging Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Qatar Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Middle East Metal Packaging Market
• Market Drivers and Restraints
• Middle East Metal Packaging Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East Metal Packaging Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Product Type:
• Cans
• Caps & Closures
• Drums & Barrels
• Others
• By End User:
• Food
• Beverage
• Healthcare
• Personal Care
• Others
• By Material:
• Steel
• Aluminum
• Others
• By Countries:
• Saudi Arabia
• Bahrain
• UAE
• Qatar
• Rest of Middle East

Frequently Asked Questions About the Market Study (FAQs):