MENA Thermoform Plastic Packaging Market: Current Analysis and Forecast (2023-2030)

Thermoform plastic packaging refers to a type of plastic packaging that is created through a thermoforming process. This involves heating up a sheet of plastic material and then molding it into the desired shape using a mold or a die. The finished product can be customized to meet specific requirements, such as size, shape, color, and texture. Thermoform plastic packaging is commonly used for products like food containers, blister packs, and clamshell packages. It is durable, lightweight, and cost-effective, making it a popular choice among manufacturers and consumers alike.

The MENA thermoformed plastic packaging market was valued at USD 2601.2 Million in 2022 and is expected to grow at a strong CAGR of around 5.88% during the forecast period (2023-2030) owing to the increasing governmental focus on environmental sustainability and stringent regulations promoting eco-friendly packaging. In addition, the surge in the adoption of thermoformed plastic packaging improves supply chain efficiency and reduces overall environmental footprint. The United Arab Emirates (UAE) has a Total Ecological Footprint (TEF) of 11.9 global hectares per person, significantly higher than the world average of 1.8 global hectares per person. Turkey and the Kingdom of Saudi Arabia also have very large footprints - 7.6 and 4.6 global ha/person respectively. Therefore, the demand for thermoformed plastic packaging solutions has surged across various industries in the region due to the developing acceptance of biodegradable and compostable packaging solutions.

Based on raw material, the thermoformed plastic packaging market is segmented into Polyethylene, Polypropylene, polystyrene and others. The Polyethylene segment accounted for a significant market share in 2022 and it is estimated that it will grow rapidly during the projected timeframe. Due to population expansion and changing living preferences, there has been a rising demand for residential properties across various cities throughout the Middle East over recent years. In cities like Riyadh, Jeddah, and Doha, high-end gated communities offering modern amenities are becoming increasingly preferred by locals seeking comfortable homes and expats looking for quality housing options. This surging interest in residential properties has prompted developers to focus more on delivering family-friendly environments with recreational facilities rather than solely targeting commercial ventures.

Based on packaging type, the market is segmented into trays and containers, clamshells, cups and lids and others. Trays and containers held a significant share of the market in 2022. These trays provide a robust and customizable packaging solution for efficiently organizing and transporting an array of products. Their lightweight nature translates to reduced shipping costs, while the ability to design trays with compartments enhances product organization and minimizes the risk of damage during transit. Thermoform plastic trays are finding utility in electronic components packaging, automotive parts distribution, and various retail displays.

By end-use Industry, the market is segmented into food & beverages, pharmaceuticals, personal care and cosmetics, industrial, and others. Food & beverages held a significant share of the market in 2022. The growing awareness of the environmental issues caused by traditional plastic packaging leading to a rise in the adoption of eco-friendly packaging solutions. For instance, on July 12, 2023, Melodea, Ltd., introduced its newest innovation, MelOx Ngen which is designed for recyclable plastic food packaging and offers superior freshness protection while reducing plastic waste. Moreover, companies in the MENA region are investing in research and development to innovate thermoformed plastic packaging options such as compostable packaging, edible packaging, and plant-based plastics.

For a better understanding of the market adoption of the thermoform plastic packaging, the Middle East market is analyzed based on its worldwide presence in countries such as Saudi Arabia, UAE, Egypt, Turkey, and the Rest of MENA. The Thermoform Plastic packaging market in Turkey held the largest share in 2022. Turkey has witnessed a surge in regulatory initiatives aimed at reducing plastic waste and promoting eco-friendly practices. The "Zero Waste" regulation, introduced in 2017, set ambitious targets for waste reduction and emphasized the importance of thermoformed plastic packaging in achieving these goals. As per the CMS Legal, in January 2024, the National Action Plan for Waste Management 2023 provides for the disposal of 35% of waste through recycling and 65% through regular storage by 2023. Moreover, the growing consumer awareness, coupled with an expanding e-commerce sector and government incentives for thermoformed plastic practices, propels the demand for eco-friendly packaging solutions in Turkey. However, the country's strategic geographical location, acting as a bridge between East and West, enhances its potential as a regional hub for thermoformed plastic packaging innovation.

Some of the major players operating in the market include Amcor PLC, Alpla Werke Alwin Lehner Gmbh and Co KG, Hotpack Packaging Industries LLC, Cristal Plastic Industrial LLC, Arabian Plastics Industrial Company Limited, Nuplas Industries, Sonoco Products Company, Berry Global Group Inc, Napco National, Interplast.