Middle East and Africa Package Testing Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Middle East and Africa Package Testing market is expected to register a CAGR of 4.97% over the forecast period. Packaging companies providing their solutions to the e-commerce sector are expected to witness more substantial growth in the region as buying habits evolve into longer-term behaviour changes. With the closure of considerable physical retail stores during the lockdown, online orders are booming as retailers attempt to keep sales going. The need for e-commerce-specific packaging is strong as a result. Furthermore, the Russia-United Kingdomraine war has impacted the overall ecosystem of the Middle East and Africa Package Testing market.
Key HighlightsThe Middle East and Africa Package Testing market is moderately consolidated, with a few major companies like DDL, Inc., Intertek Group Plc, SGS SA, Bureau Veritas SA, Eurofins Scientific SE. The companies continuously invest in strategic partnerships and product developments to gain more market share.
July 2022 - For Bureau Veritas SA, the revenue in the first half of 2022, Business in Asia Pacific (30% of revenue; up 1.9% organically) was impacted by the lockdown measures in China (concentrated in Q2) while double-digit growth was delivered in Southern Asia (led by India) and high single-digit growth in Australia. Finally, Africa and the Middle East (9% of revenue) strongly outperformed the rest of the Group with organic revenue growth of 12.3%, essentially driven by Buildings & Infrastructure, and energy projects in the Middle East.
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