Press release
MENA Thermoform Plastic Packaging Market Global Insights and Trends 2022 to 2027 | lnterplast, Precision Plastic Products Co. (L.L.C.), Cristal Plastic Industrial LLC
New York, March 22nd 2022, Market Insights Reports has released its latest market research report on the MENA Thermoform Plastic Packaging Market.The MENA Thermoform Plastic Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the MENA Thermoform Plastic Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the MENA Thermoform Plastic Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the MENA Thermoform Plastic Packaging market.
The MENA thermoform plastic packaging market is expected to grow at a CAGR of 5.2 % over the forecast period 2021 to 2026.
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Top Leading Companies of MENA Thermoform Plastic Packaging Market are - lnterplast (Harwal Group of Companies), Precision Plastic Products Co. (L.L.C.), Cristal Plastic Industrial LLC, Nuplas Industries, Arabian Plastics Industrial Company Limited (APICO), Takween Advanced Industries, Napco National, Pacakging Products Co. (PPC), A1 Industry Plastic Products, Al Jabri Plastics, Nascho General Trading LLC, Ghanplast (AL-Ghandoura Co. Manuf. Plastic) and others.
Industry News and Updates:
- April 2020 - Thermoform Engineered Quality LLC, continues to deliver a range of medical packaging solutions for customers working to address critical health needs related to COVID-19. Its packaging range includes procedure sets, trays, tubs, lids, and sterile barrier blisters and seal blisters. The company also manufactures custom thermoformed handling trays, including dry powder inhalers, auto-injectors, injection-molded components, pre-filled syringes, and pharmaceutical bottles that are produced in its cleanrooms based in both the United Kingdom and Poland.
- January 2020 - Sonoco Healthcare Packaging group, global packaging company, has completed the acquisition of Thermoform Engineered Quality LLC and Plastique Holdings Ltd., a global manufacturer of thermoformed packaging serving the medical device and consumer markets. Sonoco acquired TEQ from ESCO Technologies Inc. for USD 187 million.
Key Market Trends:
Food and Beverage Sector Will Experience Significant Growth
- Food consumption in the United Arab Emirates is growing due to the influx of tourists, and growth in the overall population. Food consumption in the Gulf Cooperation Council (GCC) as a whole is expected to expand at a compound annual growth rate (CAGR) of 4.2% or 48.1 million metric tons in 2016 to 59.2 million metric tons in 2021. Additionally, rising income has led to changing and increasingly globalized diets, as well as sedentary lifestyles that have resulted in a rise in the consumption of processed food and, are driving the growth of the thermoform packaging market.
- The United Arab Emirates has a favorable environment for the food & beverage business according to the BMI Risk/Reward Index. It has the first rank in the region and fourth globally in food and beverage investment environment attractiveness.
Pharmaceutical Industry is Expected to Hold Significant Market
- The pharmaceutical sector in the Middle East and North Africa (MENA) has experienced remarkable growth over the past years and is estimated to reach around USD 60 billion by 2025, with USD 1.2 billion allocated for the healthcare system in the budget 2019. A rapid increase in population (aging), affordable access to the health care system, increased demand for over the counter drugs, and other general health and hygiene consumables has attracted the attention of multinational pharma companies to augment the investment in MENA countries.
- For instance, Emerson has invested USD 25 million and build a new technology and innovation center in Saudi Arabia to support the objectives of Saudi Vision 2030. It is the leading automation partner of pharmaceutical manufacturers globally to support their facilities to achieve top performance by world-class technology solutions.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- MENA Thermoform Plastic Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of MENA Thermoform Plastic Packaging Market (%),2016 - 2026
- MENA Thermoform Plastic Packaging Market Share, By Brand
- MENA Thermoform Plastic Packaging Market Share, By Company
- MENA Thermoform Plastic Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies MENA Thermoform Plastic Packaging Market Value Analysis & Forecast
- Promising MENA Thermoform Plastic Packaging Development by Major Companies
- Detailed MENA Thermoform Plastic Packaging Portfolio of the Major Companies
- Major Deals in the MENA Thermoform Plastic Packaging Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593167/mena-thermoform-plastic-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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