Middle East & Africa Molded Pulp Packaging Market Size & Outlook
Middle East & Africa molded pulp packaging market, 2018-2030 (US$M)
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MEA molded pulp packaging market highlights
- The MEA molded pulp packaging market generated a revenue of USD 242.0 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, wood pulp was the largest revenue generating source in 2023.
- Non-Wood Pulp is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 242.0 million |
| Market revenue in 2030 | USD 399.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Wood pulp |
| Fastest growing segment | Non-Wood Pulp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood Pulp, Non-Wood Pulp |
| Key market players worldwide | Huhtamäki Oyj, Genpak, Pro-Pac Packaging (Aust) Pty Ltd, Brødrene Hartmann, CKF, Sonoco Products Co, Eco Products, Fabri-Kal, Henry Molded Products, Sabert Corp., MVI ECOPACK, Pton Molded Fiber Products Co. |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global molded pulp packaging market in 2023.
- Globally, Asia Pacific 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 3,841.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Molded Pulp Packaging Market Scope
Molded Pulp Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa molded pulp packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to molded pulp packaging market will help companies and investors design strategic landscapes.
Wood pulp was the largest segment with a revenue share of 87.48% in 2023. Horizon Databook has segmented the Middle East & Africa molded pulp packaging market based on wood pulp, non-wood pulp covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa region is expected to witness further growth in demand for these forms of packaging due to growing population and increased disposable income for these consumers. People have been moving to Middle East in search of new opportunities, in terms of jobs and businesses.
Advent of online food ordering application and easy to door delivery systems should further drive the market demand for sustainable food packaging solutions. Africa on the other hand is a land of exquisite natural resources, it is one of the major pulp producers in the world.
When these coupled with cheap labor rates and ease of doing business, molded pulp packaging producers are driven to set up their production plant in the region. This brings in jobs for the youth and development of the nation. Thus, driving demand for molded pulp packaging market in the region.
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Our clientele includes a mix of molded pulp packaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa molded pulp packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa molded pulp packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA molded pulp packaging market size, by country, 2018-2030 (US$M)
Middle East & Africa Molded Pulp Packaging Market Outlook Share, 2023 & 2030 (US$M)
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