Page 25 - Plastics News March 2017

Middle East Plastic And

Packaging Industry -

Expanding Every Year

• According to a market research by Smithers Pira,
the packaging sector in the Middle East and North
Africa (Mena) region is forecasted to grow to 52.4
billion US-Dollar by 2019 from the current level
of 41 billion US -Dollar
• As per statistics from the GCC Plastics Industry
Indicators 2015 report, the GCC plastic production
capacity has tripled in the last 10 years, reaching
26.2 million tons in 2015, earning US$32 billion
in revenues. Source www.zawya.com

• According to ICIS, a petrochemical market firm
- At least 2 million new polyethylene (PE) and
polypropylene (PP) capacity will be brought
online in the Middle East by 2020

• According to the Gulf Petrochemicals and
Chemicals Association the industry makes up
the second-largest manufacturing sector in
the region, producing up to $108 billion worth
of products a year. The GCC plastics industry
accounts for more than 35 per cent of global
plastics trade, according to Borouge- a leading
provider of innovative value creating plastics
solutions in Middle East

Plastivision Arabia - A technology &
machinery showcase
A platform to showcase the latest machineries
and global manufacturing trends. It gives the
regional plastic processors an opportunity
to source the complete range of plastic
converting requirements – from raw materials,
additives, molds & machinery.

25 March 2017 | Plastics News