The global flexible packaging market has experienced significant growth in recent years, and emerging economies have become key players in this industry. Vishva, a leading global packaging solutions provider, has made its grand entry into North Africa, specifically targeting the flexible packaging markets in Morocco, Tunisia and Egypt. This article explores the statistics and growth rates of these markets and highlights Vishva’s successful installations that have paved the way for their expansion.
According to a report by Mordor Intelligence, the flexible packaging market in Morocco has witnessed remarkable growth in recent years. The market size was valued at USD 540 million in 2020 and is expected to reach USD 840 million by 2026, growing at a CAGR of 7.5% during the forecast period. This growth can be attributed to the increasing demand for convenience and sustainability in packaging solutions across various industries.
Tunisia, another promising market in North Africa, has shown substantial growth potential in the flexible packaging sector. As per a study by 6Wresearch, the packaging bags market in Tunisia was valued at USD 220 million in 2020 and is projected to reach USD 320 million by 2026, registering a CAGR of 6.9% during the forecast period. The rise in e-commerce activities, urbanization, and the expanding food and beverage industry are driving the demand for flexible packaging solutions in Tunisia.
Egypt, with its large population and thriving economy, presents an attractive market for flexible packaging. The Mordor Intelligence report states that the flexible packaging market in Egypt was valued at USD 1.9 billion in 2020 and is anticipated to reach USD 2.6 billion by 2026, growing at a CAGR of 5.1% during the forecast period. The increased focus on sustainable packaging solutions and the rising consumer awareness regarding the benefits of flexible packaging are key factors fueling the market’s growth in Egypt.
Vishva recognized the immense potential of the flexible packaging markets in Morocco, Tunisia, Algeria and Egypt and strategized its entry to leverage these opportunities in the North African region. The successful installation of the VELOS 1400FBHS High Speed Flying Knife Bottom Seal Machine in Morocco has played a crucial role in Vishva’s market entry and expansion strategy. This state-of-the-art machine offers several advanced features and benefits that cater to the specific needs of the flexible packaging industry. Here are a few points highlighting the key features of the machine:
The installation of the VELOS 1400FBHS High Speed Flying Knife Bottom Seal Machine in Morocco demonstrates Vishva’s commitment to providing cutting-edge technology and innovative solutions to its customers in North African region. The company’s extensive experience, technological expertise and commitment to customer satisfaction have been instrumental in their successful installations.
Vishva is collaborating with local partners to develop tailored packaging solutions that meet the unique requirements of the market. By understanding the local preferences, consumer behaviour, and regulatory landscape, Vishva has been able to offer sustainable and cost-effective packaging solutions to the businesses.
Vishva’s grand entry into the flexible packaging markets of North Africa signifies their commitment to expanding their global footprint and meeting the evolving demands of these regions. With impressive growth rates projected for each of these markets. Vishva’s strategic installations and localized approach have positioned them as a reliable partner for businesses seeking innovative, sustainable and high-quality flexible packaging solutions. As the company continues to grow and adapt to the dynamic market conditions, Vishva is all set to contribute significantly to the development of the packaging industry in North Africa.