Middle East Packaging Trays Market (2022-2028) | Trends, Size, Industry, Share, Outlook, Growth, Revenue, Forecast, Analysis, Value & COVID-19 IMPACT

The Middle East packaging trays market is expected to register a CAGR of 5.9% during the forecast period 2021-2027. The countries analyzed in this region are Saudi Arabia, United Arab Emirates, Qatar, Kuwait, and Oman. In terms of revenue contribution, Saudi Arabia dominates the market due to its huge consumption base and increasing demand for packaged food products from households as well as commercial establishments such as restaurants and hotels.

Key Market Trends:

Plastic Trays Segment is Expected to Witness High Growth Rate

- Plastic trays have become popular in recent years due to their durability and versatility compared with other materials like paper or aluminum foil used for packaging purposes. They offer superior protection against leakage and resistance against punctures thus making them suitable for transportation of liquids or semi-liquid items like soups stocks dressings sauces spreads etc Additionally plastic trays are lightweight yet strong which makes them cost effective than other materials Furthermore they can be printed easily using flexographic printing technology allowing companies to expand their presence in untapped markets apart from existing ones Thus all these factors will drive the adoption of plastic trays over others during the forecast period

Competitive Landscape:

The Middle East Packaging Trays Market is moderately competitive and consists of several major players including Bemis Company Inc Placon Corporation Huhtamaki OYJ Coveris Holdings S A Sonoco Products Company Genpak LLC etc The market players are engaged in various strategies such as merger acquisitions new product launches expansion agreements collaborations joint ventures partnerships etc so that they can maintain their position in this dynamic market