Market Trends of MEA Metal Cans Industry
This section covers the major market trends shaping the MEA Metal Cans Market according to our research experts:
Aluminium 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.
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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鈥檚 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鈥檚 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.
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