Investing in a food packaging plant in Yemen represents an investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, rebuild and strengthen the foundations of economic stability, and strive to occupy a distinguished position among global economies.
What is a food packaging plant?
Preserving food and protecting it from spoilage due to shocks, vibrations, pressure, temperature, or bacteria has been a human challenge since ancient times. With the rise of the Industrial Revolution, traditional food preservation has transformed into a major industry that occupies a vital position in the economies of all nations. With technological advancements, food packaging plants have come to rely on a variety of materials to preserve sugar, rice, lentils, and various other grains. such as: Plastic, metal, paper, glass, etc.
Food constitutes approximately 28.4% of the total global demand for packaging. The global food packaging market reached approximately USD 323.81 billion in 2020, representing a 6.3% growth in the packaging services market amid the lockdowns imposed by the COVID-19 pandemic.
International statistics indicate that the global food packaging market will witness a growth of 5.1% during the period (2021-2028), so that the total value of the global food packaging market in 2028 will reach 478.18 billion US dollars.
Economic indicators show that investing in a food packaging plant project in Yemen represents an investment opportunity, according to the following data:
▪ The population of Yemen reaches 30 million people.
▪ Yemen’s average sugar imports amount to 355,304,000 US dollars annually.
▪ Yemen’s average grain imports amount to 1,070,677,000 US dollars annually.
▪ Yemen’s total production of cash crops amounts to 73,590 tons.
Mashroo3k Consulting Company reveals, through recent statistics, that Yemen’s total production of legumes amounts to 72,630 tons, while grain production reaches 358,355 tons, while vegetable production reaches 817,854 tons. This indicates that food packaging projects are a growing interest in Yemen during 2022.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
