Middle East and Africa Plastic Caps and Closures Market Size (2024 - 2029)

The Middle East and Africa plastic caps and closures market is experiencing growth driven by the demand from essential industries such as beverages, food, pharmaceuticals, and cosmetics, which remained stable during the Covid-19 pandemic. The increasing need for packaged food with extended shelf life and sterility is boosting the market, alongside innovations driven by changing demographics and advancements in nanotechnology. Additionally, the rising demand for pharmaceutical packaging solutions due to chronic health conditions is further expanding the market's potential. However, environmental concerns and the growing popularity of alternative packaging formats like pouches and paperboard cartons may pose challenges to the market's expansion.

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Market Size of Middle East and Africa Plastic Caps and Closures Industry

Middle East and Africa Plastic Caps and Closures Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.80 %
Market Concentration Medium

Major Players

Middle East and Africa Plastic Caps and Closures Market Key players

*Disclaimer: Major Players sorted in no particular order

MEA Plastic Caps and Closures Market Analysis

The Middle East and Africa Plastic Caps and Closure market are expected to register a CAGR of 3.8% over the forecast period (2021 - 2026). The impact of Covid-19 on the plastic caps and closures market is very minimal. It supports the end-user industries such as beverages, food, pharmaceutical and healthcare, cosmetics and toiletries, etc., which come under essential services and were not discontinued even amidst the lockdown restrictions. However, the supply chain disruptions caused in starting four months in 2020 have resulted in order delays and lead time across the supply chain.

  • Food consumption has been witnessing high growth. This has led to a demand for packaged food products with longer shelf life and sterility. Companies around the region are manufacturing packages, which help achieve these objectives so that manufacturers of food products can transport and sell their products to the end customers. Changing demographics in this industry are demanding innovations in products. With the market changing rapidly, company needs are also changing.
  • Furthermore, nanotechnology in convenience food manufacturing has played a crucial role in improving critical functions, including preservation procedures, packaging methods, and finished goods processing. Thus, this trend is anticipated to play a significant role in increasing the usage of containers for packaged food products, which is expected to increase the demand for various closures.
  • In addition, the increasing prevalence of chronic conditions such as cardiovascular disease and other illnesses has raised the demand for numerous pharmaceuticals. As a result, the need for effective packaging solutions in the pharmaceutical sector increases, expanding the market's potential opportunities.
  • Environmental concerns have increased interest in alternative packaging that includes pouches and paperboard cartons. The growth in these closure-less formats may restrain the growth of the market studied in the future.

MEA Plastic Caps and Closures Industry Segmentation

Plastic caps and closures are essential for increasing shelf life and preserving the packaged product's taste, flavor, and texture. Plastic caps and closures play a crucial role in driving visual appeal, brand identity, and convenience for consumers, in addition to providing leakproof and contamination-resistant properties. The Middle East and Africa Plastic Caps and Closure Market are segmented by Material (PET, PP, LDPE and HDPE, Other Material), by End-User Industry ( Beverage, Food, Pharmaceutical, and Healthcare, Cosmetics and Toiletries, House-Hold Chemicals, Others), and by Country.

By Material
PET
PP
LDPE and HDPE
Other Materials
By End-user Industry
Beverage
Food
Pharmaceutical and Healthcare
Cosmetics and Toiletries
Household Chemicals
Other End-user Industries
By Country
Saudi Arabia
Egypt
Iran
Nigeria
South Africa
Rest of Middle East and Africa
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Middle East and Africa Plastic Caps and Closures Market Size Summary

The Middle East and Africa Plastic Caps and Closures market is poised for steady growth, driven by its integral role in essential industries such as beverages, food, pharmaceuticals, healthcare, and cosmetics. Despite the minimal impact of Covid-19, supply chain disruptions initially caused delays. The increasing demand for packaged food with extended shelf life and sterility, coupled with innovations in nanotechnology, is propelling the market forward. The pharmaceutical sector's growth, fueled by the rising prevalence of chronic conditions, is further expanding the market's potential. However, environmental concerns are prompting a shift towards alternative packaging solutions, which could pose challenges to market expansion.

The private sector's involvement, particularly in Saudi Arabia's healthcare infrastructure, is expected to significantly influence the market's trajectory. Collaborations with global enterprises aim to enhance the region's healthcare and life sciences sectors, thereby driving demand for plastic caps and closures. The beverage industry, with its reliance on polyethylene terephthalate (PET) for packaging, is also a major contributor to market growth. Despite fluctuating raw material costs affecting production, technological advancements in lightweight solutions and sustainability efforts are shaping the industry's future. The market remains partially consolidated, with key players like Silgan Holdings and Berry Global making strategic acquisitions and expansions to strengthen their market positions.

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Middle East and Africa Plastic Caps and Closures Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Assessment of COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 PET

      2. 2.1.2 PP

      3. 2.1.3 LDPE and HDPE

      4. 2.1.4 Other Materials

    2. 2.2 By End-user Industry

      1. 2.2.1 Beverage

      2. 2.2.2 Food

      3. 2.2.3 Pharmaceutical and Healthcare

      4. 2.2.4 Cosmetics and Toiletries

      5. 2.2.5 Household Chemicals

      6. 2.2.6 Other End-user Industries

    3. 2.3 By Country

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 Egypt

      3. 2.3.3 Iran

      4. 2.3.4 Nigeria

      5. 2.3.5 South Africa

      6. 2.3.6 Rest of Middle East and Africa

Middle East and Africa Plastic Caps and Closures Market Size FAQs

The Middle East and Africa Plastic Caps and Closures Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)

Berry Plastics Corporation, Aptar Group, Inc., Crown Holdings, Inc., Bericap and Silgan Plastics are the major companies operating in the Middle East and Africa Plastic Caps and Closures Market.

MEA Plastic Caps and Closures Market Report Snapshots

MEA Plastic Caps & Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)