IMARC Group, a leading market research company, has recently releases report titled “Middle East Corrugated Boxes Market by Material, Application, and Region 2023-2028” The study provides a detailed analysis of the industry, including the Middle East corrugated boxes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Middle East corrugated boxes market?
The Middle East corrugated boxes market size reached US$ 8.69 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.67 Billion by 2028, exhibiting a growth rate (CAGR) of 5.20% during 2023-2028.
What are Corrugated Boxes?
Corrugated boxes represent packaging materials used to transport, ship, and store numerous products. They are commercially manufactured by assembling several layers of corrugated cardboard sheets together. These boxes are widely utilized for clothing, accessories, food products, cosmetics, toys, sporting equipment, stationery, home appliances, and machinery tools.
They are lightweight, cost-effective, and durable items that ensure safe and efficient shipping, prevent damage, provide a cushioning effect, and protect from humidity and tampering. These boxes are also recyclable and stackable, which helps save space, reduce operational costs, and improve profitability. Consequently, they find extensive applications across the consumer electronics, e-commerce, cosmetic, pharmaceutical, and manufacturing industries.
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Who are the key Players Operating in the Industry? :
Al Kifah Paper Products
Al Rumanah Packaging
Al Watania Paper Products (WAPER)
Arab Paper Manufacturing Co. Ltd- Waraq
Arabian Packaging
Dunapack Packaging
Gulf Carton Factory Company
International Paper Company
Middle East Packages LLC
Middle East Paper Company-MEPCO
National Paper Company Limited-Napco National
Unipack Containers & Carton Products
United Carton Industries Company
World Pack Industries LLC
What are the Growth Prospects and Trends in the Middle East corrugated boxes Industry?
The widespread adoption of sustainable packaging materials, on account of the increasing environmental concerns among consumers, is among the key factors driving the Middle East corrugated boxes market. Moreover, the launch of favorable policies by regional government bodies to promote economic growth and support recycled packaging substances to reduce waste generation and enhance public health is also stimulating the market growth. Besides this, the escalating demand for packaged food products, owing to the changing lifestyles and hectic schedules of the masses, is acting as another significant growth-inducing factor. Furthermore, the recent development of a high-performance coating that improves the durability of corrugated boxes and boosts resistance against moisture, oils, and chemicals is further propelling the regional market.
Apart from this, the rising utilization of advanced printing techniques, such as digital printing, to create high-quality graphics on the product, which allows businesses to promote their brands and attract new customers, is positively influencing the market growth. Additionally, the growing popularity of customized items that meet the specific requirements of people is anticipated to fuel the Middle East corrugated boxes market over the forecasted period.
What is Included in Market Segmentation?
Material Insights:
Virgin Corrugated Boxes
Recycled Corrugated Boxes
Application Insights:
Food and Beverages
Electrical and Electronics Goods
Personal Care and Household Goods
Glassware and Ceramics
Textile Goods
Chemicals
Paper Products
Others
Breakup by Region:
Turkey
Saudi Arabia
Egypt
UAE
Iran
Oman
Others
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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