Middle East & Africa Bag In Box Container Market Size & Outlook
Middle East & Africa bag in box container market, 2017-2030 (US$M)
Related Markets
MEA bag in box container market highlights
- The MEA bag in box container market generated a revenue of USD 118.7 million in 2021.
- The market is expected to grow at a CAGR of 7.2% from 2022 to 2030.
- In terms of segment, food & beverage was the largest revenue generating application in 2021.
- Food & Beverage is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 118.7 million |
| Market revenue in 2030 | USD 221.2 million |
| Growth rate | 7.2% (CAGR from 2021 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Food & Beverage |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverage, Industrial Liquids, Household Products |
| Key market players worldwide | Amcor PLC, Smurfit Kappa Group PLC, DS Smith PLC, SIG Group AG Ordinary Shares, Liqui-Box, CDF Corporation, Accurate Box Company, TPS Rental Systems, Aran Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.2% of the global bag in box container market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,239.1 million by 2030.
Food & beverage was the largest segment with a revenue share of 39.26% in 2021. Horizon Databook has segmented the Middle East & Africa bag in box container market based on food & beverage, industrial liquids, household products covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa is one of the largest importers of food & beverage products. Growth in population coupled with rising consumer disposable income in the region has resulted in high demand for quality and organic food.
However, the manufacturing sector in the region is growing at a slower pace as compared to other regions owing to unfavorable geography and lack of raw material availability. As a result, the demand for bag-in-box containers in the region is expected to grow at a slower rate as compared to other regions over the projected period.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa bag in box container market
Middle East & Africa Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
Middle East & Africa bag in box container market
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