Middle East and Africa Octabin Market is expected to grow with a CAGR of 4.4 % in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.
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Middle East and Africa octabin market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.
The major players dealing in the Middle East and Africa octabin market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In March 2021, International Paper has purchased two corrugated box plants in Spain for growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country. With this development, the company is looking to expand its business in the European 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.
International Paper
International Paper was founded in 1898. It is headquartered in Memphis, the U.S. as public ownership. The company is the leading producer of fiber-based packaging, pulp, and paper packaging products. The company has wide categories such as Cellulose Fibers – Europe, Middle East, and Africa, Coated Paperboard – Europe, Middle East, and Africa, Papers – Europe, Middle East, and Africa, Corrugated Packaging Products – Europe, Middle East, and Africa, Recycled Containerboard – Europe, Middle East, and Africa and the market focused category is corrugated packaging products – Europe, Middle East, and Africa.
The company has a wide global presence across the globe, such as the Americas, Europe, Middle East, and Africa, Asia-Pacific.
- In March 2021, International Paper has purchased two corrugated box plants in Spain for growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country. With this development, the company is looking to expand its business in the European region.
Mondi
Mondi was founded in 1967. It is headquartered in Surrey, U.K., as public ownership. The company is engaged in the manufacturing of packaging and paper products and solutions with a focus on being sustainable by design. The company has various categories such as flexible packaging, bags and pouches, personal care and components, release liners, technical films, corrugated solutions, industrial bags, barrier coating, specialty kraft paper, sack kraft paper, containerboard, office, and professional printing papers, among which corrugated solutions is the market-focused category.
The company has a wide global presence in Asia-Pacific, Europe, the Americas, and the Middle East, and Africa.
- 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.
PAYPER Bagging India Pvt. Ltd
PAYPER Bagging India Pvt. Ltd was founded in 1973 and is headquartered in Maharashtra, India, as private ownership. The company is engaged in the design, manufacturing, and supply of weighing, bagging, and palletizing systems with a good market share. The company has various product categories such as bagging, feeders, net weigher - PN, gross weigher - PB, auto bag placer, valve bagging, jumbo - octabins - boxes filling, FFS bagging stations from a tubular plastic roll, palletizer, transportable bagging system, in-process weigher - PN-W, accessories and the market focused category is jumbo - octabins - boxes filling. The company has wide global presence in Europe, Asia, Middle East, and South America.
