Paperboard Packaging Market to Grow 5.88% in MENA Region, 2014-2018
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Research and Markets, Dublin, Ireland, has added the Paperboard Packaging Market in the MENA Region 2014-2018 report to its offering. According to the new report, the paperboard packaging market in the MENA Region will grow at a CAGR of 5.88% in terms of revenue and 4.52% in terms of volume during the period 2014-2018. Leading Vendors are INDEVCO, International Paper, and Tetra Pak.
One of the key emerging trends in this market is an increase in technological innovations. With the use of new technologies and designs, vendors are launching innovative products to address the growing demand for paperboard packaging.
According to the report, the popularity of paperboard packaging in the MENA region is increasing because of the protective and durable nature of the packaging. This is leading to an increase in the demand for paperboard for packaging.
Further, the report states that one of the main challenges hindering the growth of this market is the capital-intensive nature of the business. Vendors need huge capital to enter the market, both for initial investments and to adopt new technologies.
