Growth Opportunities in the GCC Flexible Packaging Market look promising over the next six years. This is mainly due to the rising strict regulations to encourage bio-based products in packaging, the growing population in countries like Kuwait and Saudi Arabia, and the growing demand for organized retail format including supermarkets and hypermarkets.
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GCC Flexible Packaging Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The growing population in nations, which include Kuwait and Saudi Arabia, which is raising the demand for food, is a key driver contributing to the growth of the GCC flexible packaging market. Furthermore, the rising strict regulations to encourage the usage of bio-based products in packaging, specifically related to food contact application, is further propelling the growth of the GCC flexible packaging market. In Saudi Arabia, local businesses prefer plastic packaging for their product instead of glass and metal owing to the cost-effectiveness and durable nature of flexible packaging solutions. The increasing rate of organized retail format including supermarkets and hypermarkets, owing to the rising urbanization in the GCC countries, has accelerated the growth of the GCC flexible packaging market. All these factors are fuelling the development of the flexible packaging market.
The usage of flexible packaging has several advantages in comparison to rigid packaging like lower energy need, protects spoilage of products, and environment friendly. In addition to this, it is convenient for end-users owing to the ease of handling, lightweight, and resealable. Flexible packaging offers all the benefits of rigid packaging with some additional benefits that include low cost and enhances amenability. All these factors are expected to drive the growth of the market. Various global enterprises are heavily investing in the GCC region and are further projected to prefer flexible packaging for their products, raising the growth of the flexible packaging market.
Raw material Segment Drivers
Based on the raw material, the market is segmented into paper, plastic, aluminum foil, and bioplastic. The bioplastic is projected to increase at a faster CAGR in the coming years due to the strict regulations in economies like Oman, Saudi Arabia, and Kuwait, to utilize biodegradable material for packaging owing to the increasing concerns associated with landfill wastes. The rising demand for bio-based products in applications including snacks, bakery, confectionery, and food packaging is further supplementing the market growth. Bioplastic is flexible, durable, and cost-efficient, which have raised the growth of the market.
GCC Flexible Packaging Market Segmentation:
Segmentation by Raw Material:
- Paper
- Aluminum Foil
- Plastic
- Bioplastic
Segmentation by Product:
- Pillow Pouches
- Stand-Up Pouches
- Four Side Seal Pouches
- Others
Segmentation by Application:
- Food & Beverage
- Pharmaceutical
- Cosmetics
- Others
Segmentation by Countries:
- UAE
- Saudi Arabia
- Oman
- Kuwait
- Rest of GCC
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