MENA paper industry on growth boom at 5% CAGR

MENA paper industry on growth boom at 5% CAGR

- UAE’s packaging industry expected to grow to over AED 20 billion in five years.

- Sustainability and the ban on single use plastics propelling growth.

Dubai: The Middle East and Africa (MEA) paper industry is riding a growth wave buoyed by e-commerce proliferation and exponential demand in the packaging sector across the region, estimated to be a market worth around AED 270 billion.

In a statement, Verifair, organizers of the niche expo, Propaper Dubai 2022, which will run during September 20-22 at Festival Arena, Dubai Festival City, said the UAE packaging market is also poised for significant growth in the next five years to an estimated AED 21 billion quoting Mordor Intelligence.

“Propaper 2022 is taking place in a growth context for the paper industry in MEA as well as across Asia-Pacific countries with niche segments like corrugated paper board packaging, tissues etc.… registering exponential growth, particularly in the post-COVID scenario. The demand for corrugated packaging across end-user verticals such as food, medical products, pharmaceutical, and hygiene products, among others, have been on the rise with consumers taking to e-commerce channels with an unprecedented enthusiasm,” said Mr. Jeen Joshua, Director, Verifair, the Organisers of ProPaper Dubai trade fair.

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