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MENA Thermoform Plastic Packaging Market Size (2024 - 2029)

The MENA thermoform plastic packaging market is anticipated to experience growth driven by the expanding food and beverage, electronic devices, and pharmaceutical sectors. This growth is supported by the cost-effective production and high customization capabilities of thermoform packaging. In Saudi Arabia, the market's expansion is fueled by the burgeoning food and beverage industry, driven by population growth and increased food imports. Additionally, the rising demand for consumer electronics in the Middle East, spurred by higher purchasing power, is contributing to the market's growth. Changes in lifestyle and a shift towards packaged and fresh foods are further expected to enhance the market size during the forecast period.

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Market Size of MENA Thermoform Plastic Packaging Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

MENA Thermoform Plastic Packaging Market Analysis

The MENA thermoform plastic packaging market is expected to grow at a CAGR of 5.2 % over the forecast period 2021 to 2026. The growth of the industry can be attributed to increased demand in the food and beverage, electronic devices, and pharmaceutical industries owing to the relatively low-cost production, high customization, and quick development of prototypes.

  • Saudi Arabia is one of the largest and most attractive foods and beverage markets in the Middle East. The growth in this region is being driven by several factors, such as expanding population and the increase in Hajj and Umrah visitors. Moreover, there is a 10% increase in food imports that is expected to reach USD 35 billion by 2020 due to the prospect of significant import-substitution opportunities to serve the untapped demand for a local dairy, meat and fruit products. This is expected to drive the thermoform plastic packaging market in the food and beverage industry of Saudi Arabia.
  • Key electronic players are planning to expand their business in the Middle East to tap the growing demand for consumer electronics due to an increase in consumers' purchasing power. For instance, Samsung, South Korean tech giant aims to expand production lines in Egypt for home appliances and mobile phones. Moreover, LG Electronics has also shown interest in investing USD 15 million in Egypt in 2020 to scale its current production facilities and has exported USD 200 million worth product in 2018, which accounts for 75% of the company's production. Together, LG Electronics and Samsung invested USD 560 million that promise to drive the market in the consumer electronic segment.
  • Further, changes in lifestyle and improvement in living standards, and an increase in consumer preference toward packaged and fresh food, is expected to boost the demand for thermoform packaging during the forecast period.

MENA Thermoform Plastic Packaging Industry Segmentation

Thermoforming plastic packaging is a unique packing process that produces plastic molds of desirable shapes and sizes according to the application. The plastic sheets are heated, pressurized at a particular temperature, and converted to a specific shape in a mold and trimmed to create a usable product. These are preferred for food packaging and consumer goods as it is lightweight, flexible, bacteria-resistant, odor-free, and provide a high moisture barrier.

Raw Material
PET
PP
PS
PET
PVC
Other Raw Material
Product Type
Blister
Clamshells
Trays & Containers
Cups
Tubs
Other Product Types
End-User Industries
Food & Beverage
Healthcare
Cosmetics & Personal Care
Household Care
Electronics
Other End-User Industries
Geography
United Arab Emirates
Saudi Arabia
North Africa
Rest of Middle East
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MENA Thermoform Plastic Packaging Market Size Summary

The MENA thermoform plastic packaging market is poised for significant growth, driven by increasing demand across various sectors such as food and beverage, electronics, and pharmaceuticals. The region's expanding population, coupled with a rise in tourism and consumer purchasing power, particularly in countries like Saudi Arabia and the United Arab Emirates, is fueling the demand for packaged goods. The food and beverage industry, in particular, is experiencing a surge due to the influx of tourists and a growing preference for packaged and fresh food. This trend is further supported by the expansion of local manufacturing capabilities and the import-substitution opportunities in the region. Additionally, the electronics sector is witnessing investments from major players like Samsung and LG, aiming to capitalize on the growing consumer electronics market. These developments are expected to bolster the thermoform plastic packaging market, offering cost-effective, customizable, and quickly developed packaging solutions.

In the pharmaceutical sector, the MENA region is seeing substantial growth, attracting investments from multinational companies due to an aging population and increased demand for healthcare products. The rise of non-communicable diseases and the need for affordable healthcare solutions are driving foreign investment and the development of local manufacturing capabilities. Countries like Egypt, Israel, and Turkey are emerging as vibrant markets for domestic pharmaceutical production, further boosting the demand for thermoform plastic packaging in healthcare. Despite the challenges posed by COVID-19, the pandemic has accelerated the need for thermoform packaging in the healthcare sector, as it is essential for developing vaccines and testing kits. The market is characterized by fragmentation, with major players like Interplast and Precision Plastic Products Co. dominating, while mid-size and smaller companies are expanding their presence through strategic collaborations and technological innovations.

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MENA Thermoform Plastic Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 End-User Segments like Food Generating Substantial Demand for Thermoform Plastic Packaging

      2. 1.2.2 Incaresing Demand for Cosmetics & Personal Care

    3. 1.3 Market Restraints

      1. 1.3.1 Environmental Concerns over Recycling and Safe Disposal and Price Volatility of the Raw Materials

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 PESTLE Analysis

    7. 1.7 Assessment of COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Raw Material

      1. 2.1.1 PET

      2. 2.1.2 PP

      3. 2.1.3 PS

      4. 2.1.4 PET

      5. 2.1.5 PVC

      6. 2.1.6 Other Raw Material

    2. 2.2 Product Type

      1. 2.2.1 Blister

      2. 2.2.2 Clamshells

      3. 2.2.3 Trays & Containers

      4. 2.2.4 Cups

      5. 2.2.5 Tubs

      6. 2.2.6 Other Product Types

    3. 2.3 End-User Industries

      1. 2.3.1 Food & Beverage

      2. 2.3.2 Healthcare

      3. 2.3.3 Cosmetics & Personal Care

      4. 2.3.4 Household Care

      5. 2.3.5 Electronics

      6. 2.3.6 Other End-User Industries

    4. 2.4 Geography

      1. 2.4.1 United Arab Emirates

      2. 2.4.2 Saudi Arabia

      3. 2.4.3 North Africa

      4. 2.4.4 Rest of Middle East

MENA Thermoform Plastic Packaging Market Size FAQs

The MENA Thermoform Plastic Packaging Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

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)​ are the major companies operating in the MENA Thermoform Plastic Packaging Market.

MENA Thermoform Plastic Packaging Report Snapshots

MENA Thermoform Plastic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)