Middle East and Africa Barrier Films Market
Middle East and Africa Barrier Films Market Size Expanding at Significant CAGR of 9.2% During the Forecast Period
Published | 06 March 2023
Middle East and Africa barrier films market is gaining traction because of the escalating demand for food product packaging, low-cost packaging with extended shelf lives, and a growing pharmaceutical sector in the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa barrier films market size at USD 161.41 million in 2022. During the forecast period between 2023 and 2029, the Middle East and Africa barrier films market size is projected to grow at an impressive CAGR of 9.2% reaching a value of USD 221.12 million by 2029. An increasing demand for convenient packaging across a variety of end-use sectors, including food and beverages (F&B), pharmaceuticals, and fast-moving consumer products, is a significant factor driving the Middle East and Africa barrier films market. The thriving logistics industry, which has grown significantly in recent years mostly as a result of e-commerce, is also fueling the market growth. Moreover, the market is also driven by the growing usage of lightweight, transportable, and customer-friendly packaging as well as ongoing package reduction.
Middle East and Africa Barrier Films Market – Overview
Barrier films are impermeable packaging solutions that are typically constructed from one or more layers of flexible films whose composition varies on the application. To achieve desired outcomes, barrier films are also coated on each side with various lacquers/resins. It is crucial to consider the oxygen transfer rate (OTR), which measures how much oxygen can move through a film. The less oxygen present, the better for most food packaging applications, hence high-barrier films are a common selection.
Middle East and Africa Barrier Films Market – By Application
Based on application, the Middle East and Africa barrier films market is segmented into food and beverages, pharmaceutical, electronics, agriculture, and others. The food and beverages industry holds the highest share in the Middle East and Africa barrier films market. The barrier coating effectively prevents water vapor and oxygen from reaching delicate foods. With the rationalization of laminates, these barrier films not only assist in increasing the shelf life of food goods but also lower the use of packaging materials.
Impact of COVID-19 on Middle East and Africa Barrier Films Market
The unprecedented COVID-19 pandemic outbreak offered great opportunities for the Middle East and Africa barrier films market. Barrier film usage grew along with the development in the food processing and packaging industry's output because packaged food was classified as an essential commodity and demand for these goods rose during the lockdown. Additionally, with the increase in demand for face shields, bags, wraps, masks, and other medical-grade equipment, the usage of single-use plastics has also increased.
Major players operating in the Middle East and Africa barrier films market include Amcor plc, Mondi, Huhtamaki, Sealed Air, Jindal Poly Films Limited, Toppan Inc., Kureha Corporation, and HPM Global, Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East and Africa Barrier Films Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Barrier Films Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Middle East and Africa Barrier Films Market - By Type (Metalized Barrier Films, Transparent Barrier Films, White Barrier Film); By Material (Polyethylene Teraphthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyamides (PA), Ethylene Vinyl Alcohol (EVOH), Linear Low-Density Polyethylene (LLDPE), Others); By Application (Food and Beverage, Pharmaceutical, Electronics, Agriculture, Others); By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, E-Commerce, Others); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: March 2023
A high demand for longer shelf life products and increasing requirement for pharmaceutical packaging are expected to drive Middle East and Africa Barrier Films during the forecast period between 2023 and 2029.
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