Paperboard Packaging Market in the MENA Region 2015-2019
About Paperboard Packaging
Paperboard packaging is an emerging trend in the packaging industry. It is gaining importance in MENA as it is an environmentally friendly option and is cost-effective. Paperboard is thicker than paper with a high weight per unit area and is made up of multiple layers. It is mostly used to manufacture containers such as boxes, cartons, and trays for packaging and shipping, and seldom comes into direct contact with food. The various types of paperboard are white board, solid board, chip board, and fiber board.
Technavio's analysts forecast the paperboard packaging market in MENA to grow at a CAGR of 6.02% in terms of revenue and 4.69% in terms of volume over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the paperboard packaging market in MENA for the period 2015-2019. To calculate the market size, the report considers consumption and sales of paperboard packaging in the following countries:
Technavio Announces the Publication of its Research Report – Paperboard Packaging Market in the MENA Region 2015-2019
Technavio recognizes the following companies as the key players in the Paperboard Packaging Market in the MENA Region: INDEVCO, International Paper, Mondi and Tetra Pak
Other Prominent Vendors in the market are: Al Ghurair Group, Arabian Paper Products, Constantia Flexibles, Enpee Group, Falcon Pack, FIPCO, Hassani Group of Companies, JBK Rak, Manama Packaging, Middle East, Packaging Factory, NAPCO, National Packaging Factory, Noor Carton and Packaging Industry, Obeikan Group, Olmuksa International Paper Sabanci Ambalaj Sanaii Ve Ticaret, Omani Packaging Company, Sun Packaging, ULMA Packaging, Unipack Containers & Carton Products and UNITED CARTON INDUSTRIES
Commenting on the report, an analyst from Technavio’s team said: “Vendors are investing in R&D to differentiate themselves in the market. Technologies such as barrier coatings, quick response codes, and holographic images are enabling vendors to develop improved paperboard packaging. Such innovations also increase efficiency and reduce costs. For instance, Amcor, a prominent vendor, has an in-house innovation and design team. Also, its local carton design team works with various design agencies to enhance product innovations.”
According to the report, the popularity of paperboard packaging is driving the paperboard packaging market in MENA. Paperboard packaging includes RFID tags, security printing, tamper free materials and seals, and holography. The easy accessibility of paperboard packaging has made it a popular choice. Paperboard can be folded flat, it is lightweight and strong, and built to laser tolerance, which facilitates high-speed machine filling. As 75% of the consumer's decision is made at the POS, retailers prefer goods that come in attractive packaging.
Further, the report states that the paperboard packaging business is a capital-intensive business, with both initial investment and continuous investments to adopt the latest technologies being high.
INDEVCO, International Paper, Mondi, Tetra Pak, Al Ghurair Group, Arabian Paper Products, Constantia Flexibles, Enpee Group, Falcon Pack, FIPCO, Hassani Group of Companies, JBK Rak, Manama Packaging, Middle East ,Packaging Factory, NAPCO, National Packaging Factory, Noor Carton and Packaging Industry, Obeikan Group, Olmuksa International Paper Sabanci Ambalaj Sanaii Ve Ticaret, Omani Packaging Company, Sun Packaging, ULMA Packaging, Unipack Containers & Carton Products, UNITED CARTON INDUSTRIES
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