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Middle-East and Africa Paper and Paperboard Market 2021 Analysis by Global Manufacturers - IFFCO, Arabian Packaging Co. LLC, United Carton Industries Company (UCIC), Tarboosh Packaging Co. LLC
The Global Middle-East and Africa Paper and Paperboard Market Report 2021-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Middle-East and Africa Paper and Paperboard data that enhances the understanding, scope, and application of this report. The study includes market share analysis and profiles of players such as IFFCO, Arabian Packaging Co. LLC, United Carton Industries Company (UCIC), Tarboosh Packaging Co. LLC, Hotpack Packaging Industries LLC, International Paper, Al Rumanah Packaging, Green Packaging Boxes Ind LLC, Matco Packaging LLC, Global Carton Boxes Manufacturing LLC, and others.The Middle-East and African paper and paperboard market is expected to register a CAGR of 4% over the forecast period (2020 - 2025).
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Industry News:
- December 2019 - United Carton Industries Company, based in Saudi Arabia, announced its achievement for its corrugated packaging operations, with the installation of Nozomi C1800, a single-pass, six-color LED inkjet printer developed by electronics for Imaging Inc. The print offers three modes, in order to optimize the ink consumption and print quality. It allows photo mode matching with 90% PANTONE Colors in six variations, with no limit on ink consumption. This allows the company to enter new markets, as it strategically uses it as a competitive advantage.
- October 2019 - Hotpack Packaging Industries LLC, based in the United Arab Emirates, announced that it has been awarded ISO 22000 ( Food Safety) and HACCP ( Hazard Analysis Critical Control Point) by the United Registrar of Systems (URS) ME. The company leverages these certifications to showcase its commitment, in order to produce safe and quality products.
Key Market Trends:
Processed Food to Witness the Fastest Market Growth
- Advancements in quality and accessibility of digital printing on paperboard enabled processed food manufacturers of all sizes to leverage the paperboard packaging, as printing large quantities of paperboard packaging without a constant change of graphic/coat is cost-effective
- The land and ocean litters, associated with foodservice packaging of alternative sources, leverage the adoption of recyclable single-serve paperboard packaging, as it holds the potential to consume less resources than non-recycle packaging materials, such as plastic.
- For instance, in June 2019, the Board of Directors of the Saudi Standards, Metrology and Quality Organization (SASO) standardized new regulation, which states that products and packaging, made with polyethylene, must be made up of approved oxo-biodegradable material and the supplier has to be approved by the Saudi government.
- However, the inherent property of paperboard, to nurture odors and flavors, acts as a restraint to the market. Moreover, the presence of many substitute biodegradable packaging material halt the growth of the market.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Middle-East and Africa Paper and Paperboard Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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