Market Share of MENA Thermoform Plastic Packaging Industry
The MENA thermoform plastic packaging market is fragmented and is dominated by a few major players like lnterplast (Harwal Group of Companies), Precision Plastic Products Co. (L.L.C.), Cristal Plastic Industrial LLC, Nuplas Industries and Arabian Plastics Industrial Company Limited (APICO). These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and by tapping new markets.
- April 2020 - Thermoform Engineered Quality LLC, continues to deliver a range of medical packaging solutions for customers working to address critical health needs related to COVID-19. Its packaging range includes procedure sets, trays, tubs, lids, and sterile barrier blisters and seal blisters. The company also manufactures custom thermoformed handling trays, including dry powder inhalers, auto-injectors, injection-molded components, pre-filled syringes, and pharmaceutical bottles that are produced in its cleanrooms based in both the United Kingdom and Poland.
- January 2020 - Sonoco Healthcare Packaging group, global packaging company, has completed the acquisition of Thermoform Engineered Quality LLC and Plastique Holdings Ltd., a global manufacturer of thermoformed packaging serving the medical device and consumer markets. Sonoco acquired TEQ from ESCO Technologies Inc. for USD 187 million.
MENA Thermoform Plastic Packaging Market Leaders
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lnterplast (Harwal Group of Companies)
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Precision Plastic Products Co. (L.L.C.)
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Cristal Plastic Industrial LLC
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Nuplas Industries
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Arabian Plastics Industrial Company Limited (APICO)
*Disclaimer: Major Players sorted in no particular order
