The Middle East and Africa (MEA) Canned Food Packaging Market size was assessed to be USD xx billion in 2021, and it is predicted that it will reach a value of USD xx billion by 2026 at a notable CAGR over the estimated time.
Canned or processed foods are an excellent source of nutrients that can secure foods from various external conditions and offer hygienic foods. Metal packaging is the most typical form of canning found in the world. It is extensively employed owing to its convenience, easy transportation and safety. Canned food is available in a variety of sizes, shapes, and styles. Canned food packaging plays a crucial role in storing food from contamination and maintaining its hygienic value. The increase in the intake of prepackaged foods is supposed to drive growth in the MEA canned food packaging market during the outlook period.
Growth in the Middle East and Africa Canned Food Packaging market is influenced by increased consumption of beverages in canned aerosols and increased intake of canned foods.
As driving convenience increases, it is estimated that the consumption rate of canned beverages at various sports tournaments will lead to Middle East and Africa Canned Food Packaging market growth. The growing demand for prosperous soft drinks and juices is expected to have a positive impact on demand in the Middle East and Africa Canned Food Packaging market. The exponential growth of the food and beverage industry is creating demand for convenient packaging solutions, which are expected to fuel the growth of the Middle East and Africa Canned Food Packaging market. Also, as the consumption of beverages such as wines, soft drinks and healthy drinks increases, the growth of the target market is promoted. Changes in lifestyle and increased disposable income are some factors that are expected to support growth in target markets. The main consumer of ready-to-eat and ready-to-cook food is the growing number of working women, who are expected to have a positive impact on the growth of the MEA canned food packaging market. The recyclable and reusable properties, the nutritional value and the sanitary food processes are promoting the regional market boom. The growth of the Middle East and Africa canned food packaging market will be driven by the availability of a variety of convenient food options, such as busy hours and increasingly busy lifestyles, increased demand for packaged or processed foods ready to go, ready to cook, ready to serve, and ready to heat.
During the forecast period, urbanization is expected to increase, along with a surge in household incomes and demand for milk-based products, such as cheese and ice cream. In addition, macroeconomic factors that are beneficial to the canned food packaging market in MEA are provided at low prices for use due to lifestyle changes, higher disposable incomes, and reduced prices for canned or packaged foods, and due to the easy availability of canned food according to various tastes and the choice is expected to gain strength in the forecast period. Also, the shortage of microwave capacity and the availability of substitutions impact the development of the Middle East and Africa Canned Food Packaging market. The dynamic problem faced by processed food manufacturers is dynamic, as changes in customer preferences are unpredictable and constant innovation must be made to attract them. Factors driving market growth include increased demand for packaged and processed foods, increased availability of a variety of convenient food options, increased demand for milk-based products, urbanization, recycling, and reusable cans and other capabilities. Important limitations in the canned food packaging market include stringent government regulations on safe packaging, as well as improved availability of alternative packaging solutions. However, stringent government regulations on the use of plastic materials for food packaging are expected to mitigate the threat of alternatives in the Middle East and Africa canned food packaging market.
The principal limiting elements impacting the MEA canned food packaging market are the presence of alternative packaging solutions, the introduction of expensive metals, polyethylene terephthalate, and high-density polyethylene materials. High-density polyethylene and PET materials are supposed to hamper the growth of the Middle East Africa canned food packaging market as they are less expensive than metal cans. Metal cans cannot be used to reheat food in the microwave and are expected to somewhat limit the demand for canned food. The availability of expensive metals, packaging alternatives such as polyethylene terephthalate (PET), and high-density polyethylene materials are likely to limit growth in the target market.
High demand for food packaging due to increased demand for products in the processed and packaged food sector is supposed to support the business in the MEA during this Covid-19 pandemic. Additionally, consumers are moving to packaged foods due to its long shelf life and easy storage. This is a key factor in promoting use in the case of coronavirus spread.
Based on geography, the Middle East nations are presumed to have the most substantial share owing to the increased use of canned beverages and processed foods and the increased demand for convenient products in the region. The UAE is the largest consumer due to its large population and economic growth. The UAE market is expected to grow at a significant rate due to the growing middle-class population and increased purchasing power. It is one of the regions where raw materials are available in China and are advantageous for establishing manufacturing facilities. Plus, the shelf life is long and the price is low, making it a driving force in the canned food packaging market. In the MEA region, there is a continuing trend towards cheaper alternatives to the demand for beverages, chilled and frozen meat, mainly due to lifestyle changes and greater purchasing power.
Key Players in the Market:
Major key players in the MEA Canned Food Packaging Market are
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