Mass food production fuels growth in Middle East & African flexible packaging market
A new report from PCI Films Consulting (pcifilms.com) forecasts that flexible packaging demand in the Middle East and Africa will grow by around 5% p.a. over the next five years as confidence in the region’s growing economy encourages inward investment and greater emphasis on mass food processing.
In 2013 the market for flexible packaging in the Middle East and Africa is valued by PCI at approaching US$4 billion. With consumption per capita currently only around US$3 compared to Europe’s US$30, there is clearly huge potential for future growth in the region’s flexible packaging market.