Middle East and Africa Octabin Market is forecasted to grow at a CAGR of 4.4% with factors such as increased use of octabins in the transportation of beverage containers.
Octabin market has shown exceptional penetration in the Middle East and Africa. An increase in demand for octabins in the chemical packaging industry is expected to drive the octabin market. Moreover, innovation in new design and manufacturing processes for octabins is creating opportunity for the Middle East and Africa octabin market.
Octabin Market Scenario
According to Data Bridge Market Research, the market leader for octabin in Middle East and Africa are International Paper followed by Mondi, and PAYPER Bagging India Pvt. Ltd. Other market players are DS Smith, Smurfit Kappa among others.
International Paper accounts an estimated market share of approximately 8.58% in the Middle East and Africa octabin market. The company has gained outstanding sales through their wide range of octabin products due to surging growth from chemical industry.
- In July 2019, PAYPER Bagging India Pvt. Ltd. opened its new subsidiary in the Middle East region at Rakez in the UAE. With this development, the company is looking to expand its business in the Middle East region.
- In May 2021, Mondi completes the acquisition of Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş., a leading corrugated packaging player in Turkey. With this development, the company is looking to expand its footprint in Turkey to enhance its revenue.
Trends Impacting the Market
Now the question is which other regions International Paper, Mondi, PAYPER Bagging India Pvt. Ltd, DS Smith, and Smurfit Kappa are targeting? Data Bridge Market Research has forecasted a large growth in Middle East and Africa octabin market and the market leaders targeting North America and Europe to be their next revenue pockets for 2021.
The octabin market is becoming more competitive every year with companies such as International Paper, Mondi, PAYPER Bagging India Pvt. Ltd, DS Smith and Smurfit Kappa as they are the market leaders for octabin. The data bridge market research new reports highlight the major growth factors and opportunities in the octabin market.
For more analysis on the octabin market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=middle-east-and-africa-octabin-market
Octabin Market Development
- In April 2021, DS Smith invests 16.7 million euros in plant expansion in Germany to serve FMCG and e-commerce customers with innovative, material-optimized packaging made of 100% recyclable corrugated board. With this development, company is looking to expand its operation in Germany to increase revenue.
Scope of the Octabin Market
Middle East and Africa Octabin Market is segmented on the basis of countries into the South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and Rest of Middle East and Africa.
All country based analysis of octabin market is further analysed based on further segmentation. On the basis of product type, the market is segmented into free flow base octabin, base discharge octabin, self-assembly octabin, standard octabin and telescopic octabin. On the basis of capacity, the market is segmented into customized and standard. On the basis of end user, the market is segmented into consumer goods, food industry, chemical industry and others.
To know more about the study https://www.databridgemarketresearch.com/reports/middle-east-and-africa-octabin-market
Key Pointers Covered in Octabin Market Industry Trends and Forecast to 2028
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Key vendors and disruptors study
- Supply chain competiveness
- Value chain analysis
Key Market Competitors Covered in the Report
- International Paper
- Mondi
- DVA Group
- Dunapack Kft.
- Napco National
Above are the key players covered in the report, to know about more and exhaustive list of octabin companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-octabin-market
Research Methodology: the Middle East and Africa Octabin Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Consumer Goods, Food Industries, Chemical Industries
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
Related Reports
- Global Specialty Paper Market
- Global Paper and Paperboard Packaging Market
- Global Rigid Paper Containers Market
Browse in Materials and Packaging Category Related Reports@ https://www.databridgemarketresearch.com/report-category/materials-and-packaging
