According to a new report by Univdatos, the MENA Sustainable Packaging Market was valued at USD 11889.34 Million in 2022 and is expected to grow at a strong CAGR of around 5.92% during the forecast period (2023-2030).

Key Highlights of the Report:

1. Environmental Impact: Sustainable packaging in the MENA region reduces the environmental footprint by using eco-friendly materials, lowering carbon emissions, and minimizing waste, contributing to a healthier planet.

2. Resource Conservation: The adoption of sustainable packaging promotes responsible resource management by utilizing renewable and recyclable materials, helping to preserve natural resources in the MENA region.

3. Consumer Preference: With growing environmental awareness, sustainable packaging aligns with the preferences of eco-conscious consumers, enhancing brand reputation and fostering customer loyalty in the MENA market.

4. Regulatory Compliance: Sustainable packaging adheres to evolving environmental regulations, positioning businesses in the MENA region to comply with emerging sustainability standards and avoid potential legal and reputational risks.

5. Cost Efficiency: Over time, sustainable packaging can result in cost savings for companies in the MENA region through reduced waste disposal expenses, improved operational efficiency, and potential access to incentives or subsidies for environmentally friendly practices.

Owing to the increasing governmental focus on environmental sustainability and stringent regulations promoting eco-friendly packaging. In addition, the surge in the adoption of sustainable packaging improves supply chain efficiency and reduces overall environmental footprint. The United Arab Emirates (UAE) has a Total Ecological Footprint (TEF) of 11.9 global hectares per person, significantly higher than the world average of 1.8 global hectares per person. Kuwait and the Kingdom of Saudi Arabia also have very large footprints — 7.6 and 4.6 global ha/person respectively. Therefore, the demand for sustainable packaging solutions has surged across various industries in the region due to the developing acceptance of biodegradable and compostable packaging solutions.

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The report suggests that sustainable packaging resources in the MENA region had a significant impact on the sustainable packaging industry in the MENA region. Some of how this impact has been felt include:

On January 29, 2024: SEE launched the first biobased, industrial compostable tray for protein packaging that has been successfully tested to meet the demands of existing food processing equipment at IPPE 2024.

On July 10, 2023: Napco National, a leading manufacturer and supplier of plastic, paper, and corrugated raw materials and packaging successfully acquired Rotopak, a prominent provider of printed flexible and paperboard packaging solutions.

On June 06, 2023: Hotpack Global has announced the launch of post-consumer recycled (PCR) shopping bags for Spinneys, marking a significant milestone in the retail industry's sustainable initiatives.

On October 12, 2022: Hotpack Global, the region’s largest food packaging manufacturer, has acquired Al Huraiz Packaging Industry (AHP), a leading corrugated carton manufacturer in the UAE.

Conclusion

In conclusion, the MENA region is embracing sustainable packaging as a key element in its journey towards environmental responsibility and resilience. The demand for eco-friendly solutions is driven by a combination of consumer awareness, regulatory support, and a commitment to long-term sustainability. As businesses navigate the challenges of initial costs and adapt their manufacturing processes, the region is poised to become a beacon for sustainable packaging practices.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2023−2030

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Packaging type, By Application, and By Material

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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UnivDatos

Email - contact@univdatos.com

Website - www.univdatos.com