Middle East and Africa Metal Cans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Middle East and Africa Metal Cans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Middle-east & Africa Metal Cans Market was valued at USD 3.33 billion is expected to reach USD 3.69 billion by 2026 at a CAGR of approximately 1.3% during the forecast period (2021 - 2026). With the region investing in other industries, apart from oil and gas, the food and beverage sector has emerged as one of the leading areas of interest. The food and beverage sector in the region is among the strategic sectors being focused upon, which is acting as a major driving force.

Key Highlights

• The primary drivers of the canned food market in the future are the increasing urban population in Saudi Arabia, the growing ex-pat population, rising female labor force participation, and the surging innovations in product and packaging solutions.
• Due to the affluence of the society and higher purchase power, premium meats, such as quail and camel, have been witnessing an increase in demand and may continue to do so, thus, providing significant opportunities for the market studied.
• The region also witnesses an increasing demand for beverages, due to harsh climatic conditions. However, with most of the region facing a ban on alcohol, the demand for metal cans in the region may be affected.

Key Market TrendsAluminium Cans Expected to Hold a Significant Share

• Aluminum Cans are expected to hold a significant share, due to the introduction of new products and packaging solutions, which is giving rise to more variants of products that are accessible to the consumers, thus, leading to growth in sales of canned food products.
• A major trend seen in the market is a significant shift in consumer behavior, particularly among the millennials and younger generations. As a result, the consumers are more willing to try new products, especially the ones with natural and organic ingredients, which is expected to provide significant opportunities for aerosol cans.
• However, increasing health awareness among the population is leading to higher purchase rates of fresh over frozen or canned products, as the former is perceived to be healthier. This is expected to constrain the demand for canned food products.

United Arab Emirates Expected to Dominate

• The United Arab Emirates is expected to dominate the Metal Cans Market in the MEA region, owing to the increasing demand for organic foods in the country, with more than 38% of consumers purchasing more organic produce in 2019, according to Arla Foods Survey.
• Additionally, in recognition of its future potential in contributing to Dubai’s economic growth and sustainability, it was selected as one of the six focus sectors of the Dubai Industrial Strategy 2030.
• Furthermore, the growing ex-pat population, which comprises of around 48% of the total population in the United Arab Emirates, is further expected to help drive the market for canned food products, due to the ease of convenience.
• The country also has a considerable demand for packaging solutions from the personal care and cosmetics industries. According to the Dubai Chamber of Commerce and Industry, in 2019, the Dubai retail sales alone generated an estimated AED 142 billion, witnessing a 6.8% Y-o-Y.
• With the country’s population estimated to increase to 10 million by 2025 and tourism numbers poised to reach 20 million by 2020, the market outlook for goods packed in metal cans is expected to remain positive.

Competitive Landscape

The competitive landscape of the Middle East & Africa Metal Cans Market is moderately fragmented owing to the presence of several market players in the region, and the growing adoption of metal cans for packaging across the industries in the region. The market players are providing innovative solutions in the region to gain maximum market traction.

• July 2019 - Africa’s largest packaging company, Nampak, is planning on replacing its plastic beverage bottles with aluminum cans and paperboard cartons. As consumer resistance to plastic packaging increases, Nampak is trying to find more environmentally-friendly alternatives to its packaging products.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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