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Middle East And Africa Aluminum Foil Packaging Market

Middle East And Africa Aluminum Foil Packaging Market

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Middle East and Africa Aluminum Foil Packaging Market, By Product (Foil Wraps, Pouches, Blisters, Containers); By End Use (Food & Beverages, Tobacco, Pharmaceuticals, Cosmetics); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Competitive Landscape & Forecast, 2019–2029

  • Published Date: October 2023
  • Report ID: BWC23878
  • Available Format: PDF
  • Page: 200

Report Overview

Increased demand for flexible and sustainable packaging solutions, population growth, urbanization, changing consumer preferences, Innovations in foil packaging technology, and rising environmental concerns are expected to further boost the growth of the Middle East and Africa Aluminum Foil Packaging Market during the forecast period between 2023 and 2029.

Middle East and Africa Aluminum Foil Packaging Market – Industry Trends & Forecast Report, 2029

Middle East and Africa aluminum foil packaging market size was estimated at USD 2.12 billion in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa aluminum foil packaging market is projected to grow at a CAGR of 4.9% reaching a value of USD 2.97 billion by 2029. The Middle East and Africa aluminum foil packaging market is witnessing significant growth due to rising demand across various industries. The largest segment in this market is food packaging, driven by the region's expanding population and changing consumer preferences for convenient and sustainable packaging solutions. Aluminum foil's excellent barrier properties and ability to preserve food freshness make it a preferred choice for packaging applications. Also, the pharmaceutical and cosmetics sectors contribute to the market's growth, emphasizing the importance of aluminum foil in maintaining product quality and integrity. This dynamic landscape highlights the market's potential for further expansion and innovations.

 Middle East and Africa Aluminum Foil Packaging Market

Middle East and Africa Aluminum Foil Packaging Market - Overview

Aluminum foil packaging is a versatile and widely used material in the packaging industry. It consists of thin sheets of aluminum that are highly malleable and can be easily molded to encase various products. This packaging offers exceptional barrier properties, effectively blocking light, moisture, and oxygen to preserve the freshness and shelf life of food, pharmaceuticals, and other sensitive items. Its heat resistance also makes it suitable for cooking and reheating. Aluminum foil packaging is eco-friendly, recyclable, and cost-effective, making it a popular choice for a wide range of applications, from wrapping leftovers to packaging convenience foods and pharmaceutical blister packs.

Growth Drivers

Sustainable Packaging Initiatives

One key growth driver for the Middle East and Africa aluminum foil packaging market is the increasing emphasis on sustainable packaging solutions. As environmental awareness grows, consumers and businesses alike are seeking eco-friendly alternatives to traditional packaging materials. Aluminum foil is recyclable, energy-efficient, and preserves the freshness of products, making it an attractive option for brands looking to reduce their carbon footprint. Also, stringent regulations and government initiatives aimed at reducing single-use plastics further boost the demand for aluminum foil packaging. This sustainability focus is driving innovation and investments in the region, fostering the market's expansion.

Restraints

High Raw Material Costs May Hinder Market Expansion

The Middle East and Africa aluminum foil packaging market faces a significant growth restraint in the form of soaring raw material costs. The increasing prices of aluminum, a primary material for foil production, directly impact the overall production costs, leading to higher prices for end users. This, in turn, deters market growth, particularly in price-sensitive segments. Manufacturers must strategize to mitigate these cost challenges through recycling initiatives, alternative materials, or efficient supply chain management to sustain market competitiveness and meet the rising demand for sustainable packaging solutions in the region.

Prolonging Hamas-Israel War Could Affect Middle East and Africa Aluminum Foil Packaging Market

Effects of the intensifying Israel-Hamas war and escalating geopolitical tensions on the Middle East and Africa aluminum foil packaging market are primarily driven by uncertainties and instability in the Middle East region. The raging conflict creates an atmosphere of unpredictability, impacting consumer behaviors and market dynamics. Uncertainty surrounding the situation can lead to cautious spending and investment decisions, affecting the aluminum foil packaging market's performance. Additionally, the instability in the Middle East region can disrupt supply chains, potentially leading to delays in product availability and increased costs. The extent of these effects depends on the conflict's duration and its impact on the overall stability in the region.

Impact of COVID-19 on Middle East and Africa Aluminum Foil Packaging Market

The COVID-19 pandemic significantly impacted the Middle East and Africa aluminum foil packaging market. The demand for aluminum foil packaging surged due to its use in the packaging of essential goods like food and pharmaceuticals. This led to increased production and sales for manufacturers. However, disruptions in the supply chain, labor shortages, and economic uncertainties posed challenges. The market also saw a shift in consumer preferences towards single-use packaging for safety reasons. Overall, while the pandemic created both opportunities and challenges, the Middle East and Africa aluminum foil packaging market demonstrated resilience and adaptability in response to the evolving needs of the region during the crisis.

Middle East and Africa Aluminum Foil Packaging Market

Segmental Coverage

Middle East and Africa Aluminum Foil Packaging Market – By Product

Based on product, Middle East and Africa aluminum foil packaging market is divided into Foil Wraps, Pouches, Blisters, and Containers segments. The containers segment is the largest in the Middle East and Africa aluminum foil packaging market. The segment includes various types of aluminum foil containers used for packaging purposes, such as food containers, takeaway containers, and disposable trays. The demand for aluminum foil containers has been on the rise due to their versatility, durability, and suitability for both cooking and storage. The growth is driven by factors like the increasing food delivery and takeaway services, as well as the convenience and hygiene benefits offered by aluminum foil containers in the region's food packaging industry.

Middle East and Africa Aluminum Foil Packaging Market – By End Use

By end use, Middle East and Africa aluminum foil packaging market is divided into Food & Beverages (F&B), Tobacco, Pharmaceuticals, and Cosmetics segments. The F&B holds the largest market share in the market by end use. The segment encompasses a wide range of applications, including packaging for various food items and beverages. It dominates the market due to the extensive use of aluminum foil in packaging perishable and non-perishable food products, as well as beverages. The demand for aluminum foil in this sector is driven by its ability to provide protection, preservation, and convenience in packaging, making it a vital component of the regional packaging industry.

Middle East and Africa Aluminum Foil Packaging Market Size

Middle East and Africa Aluminum Foil Packaging Market – By Country

Geographically, Middle East and Africa aluminum foil packaging market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia is the largest country in the Middle East and Africa aluminum foil packaging market. The kingdom is a key player in the aluminum foil packaging industry, primarily driven by its robust industrial and consumer sectors. Saudi Arabia's strong economic growth, coupled with increasing demand for packaged goods, has led to a substantial market share in aluminum foil packaging. Also, its strategic location and trade relationships contribute to its prominence in the industry. While other countries, including the UAE and South Africa, also play significant roles, Saudi Arabia stands out as the largest and most influential market in this region.

Competitive Landscape

Major players in the Middle East and Africa aluminum foil packaging market include Amcor plc, Constantia Flexibles, Novelis Aluminum, Raviraj Foils Limited, Ampco, Saudi Factory for Aluminum Foils and Containers, Caterpack, Alcon, Technical Aluminium Foil Co. LLC, Cosmoplast, Symetal, Aluminium Foil Converters, UNIPACK, Express Flexi Pack, and ERAMCO. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

 

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA

Product/ Service Segmentation

Product, End Use, Country

Key Players

Amcor plc, Constantia Flexibles, Novelis Aluminum, Raviraj Foils Limited, Ampco, Saudi Factory for Aluminum Foils and Containers, Caterpack, Alcon, Technical Aluminium Foil Co. LLC, Cosmoplast, Symetal, Aluminium Foil Converters, UNIPACK, Express Flexi Pack, ERAMCO

 

 

By Product

  • Foil Wraps

  • Pouches

  • Blisters

  • Containers

By End Use

  • Food & Beverages

  • Tobacco

  • Pharmaceuticals

  • Cosmetics

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Aluminum Foil Packaging Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing demand for food packaging in the region
        2. Increasing use of aluminum foil in the pharmaceutical and cosmetics industries
        3. Increasing demand for sustainable packaging
      2. Restraints
        1. Stringent government regulations
        2. Availability of substitutes
      3. Opportunities
        1. Growing demand for customized packaging solutions
        2. Expansion of the food and beverage industry in the region
      4. Challenges
        1. Fluctuations in the price of aluminum
        2. Trade restrictions
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Middle East and Africa Aluminum Foil Packaging Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Product
        1. Foil Wraps
        2. Pouches
        3. Blisters
        4. Containers
        5. Others
      2. By End Use
        1. Food & Beverages
        2. Tobacco
        3. Pharmaceuticals
        4. Cosmetics
        5. Others
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  5. Saudi Arabia Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  6. UAE Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  7. Qatar Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  8. Kuwait Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  9. South Africa Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  10. Nigeria Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  11. Algeria Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  12. Rest of MEA Aluminum Foil Packaging Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By End Use
  13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Aluminum Foil Packaging Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  14. Impact of COVID-19 on Middle East and Africa Aluminum Foil Packaging Market
  15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Amcor plc
    2. Constantia Flexibles
    3. Novelis Aluminum
    4. Raviraj Foils Limited
    5. Ampco
    6. Saudi Factory for Aluminum Foils and Containers
    7. Caterpack
    8. Alcon
    9. Technical Aluminium Foil Co. LLC
    10. Cosmoplast
    11. Symetal
    12. Aluminium Foil Converters
    13. UNIPACK
    14. Express Flexi Pack
    15. ERAMCO
    16. Other Prominent Players
  16. Key Strategic Recommendations
  17. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Middle East and Africa Aluminum Foil Packaging Market Segmentation

Figure 2       Middle East and Africa Aluminum Foil Packaging Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Middle East and Africa Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 5       Middle East and Africa Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 6       Middle East and Africa Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 7       Middle East and Africa Aluminum Foil Packaging Market Share, By Country, By Value, 2019–2029

Figure 8       Saudi Arabia Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 9       Saudi Arabia Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 10     Saudi Arabia Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 11     UAE Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 12     UAE Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 13     UAE Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 14     Qatar Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 15     Qatar Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 16     Qatar Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 17     Kuwait Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 18     Kuwait Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 19     Kuwait Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 20     South Africa Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 21     South Africa Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 22     South Africa Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 23     Nigeria Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 24     Nigeria Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 25     Nigeria Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 26     Algeria Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 27     Algeria Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 28     Algeria Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Figure 29     Rest of MEA Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Figure 30     Rest of MEA Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Figure 31     Rest of MEA Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

 

List of Tables

 

Table 1 Middle East and Africa Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 2 Middle East and Africa Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 3 Middle East and Africa Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 4 Middle East and Africa Aluminum Foil Packaging Market Share, By Country, By Value, 2019–2029

Table 5 Saudi Arabia Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 6 Saudi Arabia Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 7 Saudi Arabia Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 8 UAE Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 9 UAE Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 10      UAE Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 11      Qatar Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 12      Qatar Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 13      Qatar Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 14      Kuwait Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 15      Kuwait Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 16      Kuwait Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 17      South Africa Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 18      South Africa Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 19      South Africa Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 20      Nigeria Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 21      Nigeria Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 22      Nigeria Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 23      Algeria Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 24      Algeria Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 25      Algeria Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 26      Rest of MEA Aluminum Foil Packaging Market Size, By Value (USD Billion), 2019–2029

Table 27      Rest of MEA Aluminum Foil Packaging Market Share, By Product, By Value, 2019–2029

Table 28      Rest of MEA Aluminum Foil Packaging Market Share, By End Use, By Value, 2019–2029

Table 29      Amcor plc Company Overview

Table 30      Amcor plc Financial Overview

Table 31      Constantia Flexibles Company Overview

Table 32      Constantia Flexibles Financial Overview

Table 33      Novelis Aluminum Company Overview

Table 34      Novelis Aluminum Financial Overview

Table 35      Raviraj Foils Limited Company Overview

Table 36      Raviraj Foils Limited Financial Overview

Table 37      Ampco Company Overview

Table 38      Ampco Financial Overview

Table 39      Saudi Factory for Aluminum Foils and Containers Company Overview

Table 40      Saudi Factory for Aluminum Foils and Containers Financial Overview

Table 41      Caterpack Company Overview

Table 42      Caterpack Financial Overview

Table 43      Alcon Company Overview

Table 44      Alcon Financial Overview

Table 45      Technical Aluminium Foil Co. LLC Company Overview

Table 46      Technical Aluminium Foil Co. LLC Financial Overview

Table 47      Cosmoplast Company Overview

Table 48      Cosmoplast Financial Overview

Table 49      Symetal Company Overview

Table 50      Symetal Financial Overview

Table 51      ERAMCO Company Overview

Table 52      ERAMCO Financial Overview

Table 53      Other Prominent Players Company Overview

Table 54      Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Aluminum Foil Packaging Market size was estimated at USD 2.12 billion in 2022.
Ans: Major factors driving the growth of Middle East and Africa Aluminum Foil Packaging Market include increased demand for flexible and sustainable packaging solutions, population growth, urbanization, and changing consumer preferences are fueling the market's expansion. Innovations in foil packaging technology and rising environmental concerns are expected to further boost market growth.
Ans: Key players in Middle East and Africa Aluminum Foil Packaging Market include Amcor plc, Constantia Flexibles, Novelis Aluminum, Raviraj Foils Limited, Ampco, Saudi Factory for Aluminum Foils and Containers, Caterpack, Alcon, Technical Aluminium Foil Co. LLC, Cosmoplast, Symetal, Aluminium Foil Converters, UNIPACK, Express Flexi Pack, and ERAMCO.
Ans: The containers segment accounts for the highest market share in Middle East and Africa Aluminum Foil Packaging Market by product.
Ans: The food and beverages segment holds the highest market share in the Middle East and Africa Aluminum Foil Packaging Market by end use.