The global halal packaging market is projected to exceed $705 billion by 2025, according to a new report. This represents a compound annual growth rate (CAGR) of 8.91% from a valuation of USD 647.70 billion in 2024. Several factors are driving this impressive growth, including the increasing global demand for halal-certified products, advancements in packaging technology, and a rising emphasis on eco-friendly and sustainable packaging materials.
Market Growth and Dominance
The food and beverage sector currently dominates the halal packaging market, followed by pharmaceuticals and cosmetics. The rise in demand of halal certified goods is especially prominent in the United States, due to its growing Muslim population and increased exports.
Innovation in Halal Packaging
Innovation also plays a crucial role in the expansion of the halal packaging market. Smart packaging solutions, which enhance product safety and traceability, are gaining traction. Furthermore, the adoption of biodegradable and recyclable materials aligns with the ethical considerations increasingly important to halal consumers.
Sharia Compliance and Halal Business Expo 2025
In related news, Nairobi, Kenya, is preparing to host the Sharia Compliance and Halal Business Expo 2025 from April 28th to 29th at the Sarit Centre. This event aims to connect stakeholders within the multi-trillion-dollar global halal market, offering discussions, networking opportunities, and an awards ceremony. The global halal market is estimated to be worth over $2 trillion and is projected to exceed $3 trillion by 2030, driven by a global Muslim population exceeding two billion.
Vietnam’s Halal Market Strategy
Meanwhile, Vietnam is strategizing to deepen its penetration into the halal market. Deputy Minister of Industry and Trade, Nguyen Sinh Nhat Tan, has emphasized that penetrating the Halal market is a strategic move for Vietnamese businesses. A key obstacle that Vietnam faces is halal certification.
Kenya’s Halal Economy Position
Kenya is also reinforcing its position in the halal economy. The upcoming Sharia Compliance and Halal Business Expo 2025 is set to reinforce Kenya’s position as a major player in the growing Halal economy. The halal economy is valued at over $2 trillion and is projected to exceed $3 trillion by 2030.