Taking into account the requirements of regional plastic processors, Plastivision Arabia 2018 will focus on flexible and rigid packaging, plastic raw materials and chemicals.
Flexible packaging demand in the Middle East and Africa (MEA) will expand at 5% per year over the next five years. In 2013, the MEA market flexible packaging market totals almost $4bn. Per capita consumption in the Middle East and Africa runs at only $3, compared with Europe’s US$30.
The following growth factors for flexible packaging in the MEA:
• A rapidly growing young population and increased urbanisation.
• Increased investment in food production and processing across both regions.
• Significant investments in new flexible packaging converting capacity.
• Increased availability of locally produced and competitively priced base substrates.
• Growth in modern retailing and increased penetration of pre-packed foods.
Rigid plastics form the largest packaging product group accounting for a projected market value share of 28.2% for 2014. Board packaging is the second most important category with 25.6% of consumption, followed by flexible plastics with a 12.9% share. Rigid plastics and flexible plastic packaging have increased their market share during the review period.Food represents the largest end use sector for packaging products accounting for a projected 33.8% market value share in 2014. Industrial/bulk is the second largest sector with 26.4%, followed by beverage markets with 25.2%.
The Middle Eastern plastics processing industry will be a big winner from its drive to diversify its economy. While the region has a thriving plastic resin production market. The Middle Eastern plastics processing industry will be a big winner from its drive to diversify its economy. While the region has a thriving plastic resin production market. The industry prefer finest quality raw materials that are processed using high-grade materials, which include all types of virgin, prime, o-grade and recycled materials that oer optimum strength, better shape and size and easy processing.