Market Size of MEA Plastic Bottles and Containers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Middle-East and Africa Plastic Bottles and Containers Market Analysis
The Middle East and Africa plastic bottles and containers market is expected to register a CAGR of 5.7% during the forecast period (2021-2026). According to Standard Chartered, during the COVID-19 pandemic, the Middle East's e-commerce market and pharmaceutical industry is booming. Triggered in part by pandemic lockdowns, consumers and businesses are shifting to digital channels, putting e-commerce sales on the way to reach USD 69.2 billion in 2021, from USD 4.3 billion just four years ago.
- Plastic packaging is becoming popular among consumers over other products as a plastic package is light in weight and is easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions, owing to their lower cost of production. Moreover, the introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers are expanding the plastic bottling applications. The market is witnessing an increasing demand for PET bottles in the bottled water and soft drink markets.
- Moreover, manufacturers are prefering PET over other plastic packaging materials, as it has a minimum loss of raw material during the manufacturing process when compared to other plastic products. Its recyclability and the feature to add multiple colors and designs augment it to become a preferred choice. Refillable products have emerged with the rising consumer awareness for the environment and have acted in creating demand for the product.
- United Arab Emirates has a significant demand for cosmetic products, owing to the growing influence of lifestyle and beauty bloggers (that has become a luxury statement for the population). Messe Frankfurt estimated that the sales value of beauty products in the country might reach USD 2.7 billion by 2020.
- With the recent COVID-19 outbreak and measures taken to curb the spread of the virus, single-use plastic bottles and container bags have seen a surge in demand, which is likely to continue for the next 6-8 months. Also, manufacturing capability will see a shift in production towards such trends, enabling the competitive rivalry to strengthen. But various countries in the region such as Oman, Kuwait, and Bahrain have already banned single-use plastics.
- The Environment Agency - Abu Dhabi (EAD), the largest environmental regulator in the Middle East, aims to eliminate the use of avoidable single-use plastic and non-plastic materials by 2021 through fostering a culture of recycling and re-use. From January, 2020 Dubai International Airport (DXB), the world's busiest airport that hosts 90 million people each year, banned single-use plastics at all its consumer spaces. DXB's operator, Dubai Airports, recycles 43,000 tonnes of paper, glass, and other waste each year.
Middle-East and Africa Plastic Bottles and Containers Industry Segmentation
Plastic bottles/containers are being used in the packaging of multiple types of products that includes food, beverage, pharmaceuticals, household care, among others. Plastic bottles and containers are generally made up of plastic resins, such as PET, PP, HDPE, etc.
Raw Materials | |
PET | |
PP | |
LDPE | |
HDPE | |
Other Raw Materials |
End-user Vertical | |
Beverages | |
Food | |
Cosmetics | |
Pharmaceuticals | |
Household Care | |
Other End-user Verticals |
Geography | |
United Arab Emirates | |
Saudi Arabia | |
Egypt | |
South Africa | |
Rest of Middle East and Africa |
MEA Plastic Bottles and Containers Market Size Summary
The Middle East and Africa plastic bottles and containers market is experiencing significant growth, driven by the increasing demand for lightweight and cost-effective packaging solutions. The shift towards digital channels, accelerated by the COVID-19 pandemic, has bolstered the e-commerce and pharmaceutical sectors, further propelling the demand for plastic packaging. The introduction of advanced polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE) is expanding the applications of plastic bottling, particularly in the bottled water and soft drink markets. PET is favored by manufacturers due to its minimal raw material loss during production, recyclability, and versatility in design. However, environmental concerns are prompting a rise in refillable products and biodegradable alternatives, which could impact the market dynamics in the coming years.
The market landscape is characterized by a fragmented nature with key players such as Amcor PLC, Graham Packaging Company, and Plastipak Holdings Inc. actively participating in sustainability initiatives and innovations. The demand for PET in the food and beverage sector is robust, with Saudi Arabia's beverage industry being a significant contributor. However, regulatory measures in countries like Saudi Arabia, Oman, and Kuwait are imposing restrictions on single-use plastics, potentially slowing market growth. The region's focus on sustainability is evident through partnerships and initiatives aimed at enhancing PET recycling and reducing plastic waste. As consumer preferences shift towards healthier and more sustainable products, the market is poised for both challenges and opportunities in the evolving landscape of plastic packaging.
MEA Plastic Bottles and Containers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Industry Value Chain Analysis
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1.4 Assessment of the Impact of Covid-19 on the Market
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1.5 Market Drivers
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1.5.1 Increasing Adoption of Lightweight Packaging Methods
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1.6 Market Challenges
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1.6.1 Environmental Concerns Regarding Use of Plastics
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2. MARKET SEGMENTATION
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2.1 Raw Materials
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2.1.1 PET
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2.1.2 PP
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2.1.3 LDPE
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2.1.4 HDPE
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2.1.5 Other Raw Materials
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2.2 End-user Vertical
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2.2.1 Beverages
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2.2.2 Food
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2.2.3 Cosmetics
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2.2.4 Pharmaceuticals
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2.2.5 Household Care
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2.2.6 Other End-user Verticals
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2.3 Geography
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2.3.1 United Arab Emirates
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2.3.2 Saudi Arabia
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2.3.3 Egypt
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2.3.4 South Africa
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2.3.5 Rest of Middle East and Africa
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MEA Plastic Bottles and Containers Market Size FAQs
What is the current MEA Plastic Bottles and Containers Market size?
The MEA Plastic Bottles and Containers Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in MEA Plastic Bottles and Containers Market?
Amcor PLC, Altium Packaging (Loews Corporation) , Comar LLC, Plastipak Holdings Inc. and Graham Packaging Company LP are the major companies operating in the MEA Plastic Bottles and Containers Market.