(Food-Beverage-News.Com, March 21, 2018 ) Middle East and Africa Beverage Packaging Market was worth USD 13.56 billion in 2016 and estimated to be growing at a CAGR of 4.07%, to reach USD 16.56 billion by 2021.The market is showing slow growth in the mentioned forecasting period. Beverage packaging is used to prevent deterioration of packaged goods from unwanted foreign matter which would otherwise hamper the quality and taste of the beverages. Non-alcoholic beverages boosts the Middle East & Africa beverage packaging market.
Packaging not only increases the shelf life of a product but also decides the mode of transportation and ease of storage.Packaging can be done in various different materials namely glass, plastic, metal and paperboard. Packaging is an integral part of food & beverages industry. Packaging helps in protecting the goods from deteriorating due to external weather conditions and also helps in creating a communication channel through which a brand communicates with its consumers.
The market is driven by the rapid growth of non-alcoholic beverage packaging industries in the Middle East & Africa region. In the recent times, South Africa, Israel and Egypt are observing high demand of beverage packaging, mainly due to the growing urbanization and change in lifestyles. This is stimulating the growth of the beverage packaging market in this region. The factors which negatively affect the beverage packaging industry are the growing concerns over the use of plastic. Some environmentalists consider it as a major threat for health and point out the amount of CO2 emissions associated with it. These are some of the factors which hinders the growth of the market.
Middle East and Africa Beverage Packaging Market Segmentation, Based on Type, it is further segmented into Bottle, Can, Pouch, and Carton. Based on Material, the market is further segmented into Glass, Plastic, Metal and Paperboard. Based on Application, the market is further segmented into Alcoholic, Non-Alcoholic and Dairy beverage packaging. Plastic packaging accounted for the highest revenue of the Beverage Packaging industry and is projected to witness high growth rate during the forecast period. On the basis of geography, the Middle East and Africa market is analysed under various regions namely Middle East and Africa.
There are many prominent players in the industry which drives the market some of the major players include Crown Holdings, Inc., Saint-Gobain S.A., Alcoa Inc., Tetra Laval International S.A., Rexam PLC, Owens-Illinois, Inc., Amcor Limited, Mondi PLC, Stora Enso Oyj, Reynolds Group Holdings Limited and Ball Corporation.
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