Growth Opportunities in the GCC Packaging Market look promising over the next six years. This is mainly due to the increasing acceptance of digital printing across several brands in the GCC countries, rapid technological advancement and product innovation, and increasing accessibility of third-party logistics service organizations in the packaging sector.
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GCC Packaging Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing acceptance of digital printing across several brands in the GCC countries is a key driver propelling the growth of the GCC packaging market size. Digital print on the packing of the goods surges the product’s appeal and offers detailed information related to the date of manufacturing, ingredients, and cost of the product. Moreover, rapid technological advancement and product innovation will open doors for the growth of the market, which will further promote the manufactures to adopt attractive packaging for remarkable brand recognition. The increasing accessibility of third-party logistics service organizations in the packaging sector will further pay the way for the growth of the market during the forecast period.
The rapid growth in the end use-sectors of packaging, such as retail, food, pharmaceuticals, and consumer goods industry, will boost the growth of the market. The growing level of urbanization and the fundamentally changing dietary habits and rising population rate will further drive the market growth. With the increasing disposable income and economic growth, the consumers are proactively searching for ready-to-eat packed food products. The food & beverage manufactures are emphasizing increasing their product offerings with reusable packaging materials and are heavily investing in research and development activities in biodegradable packaging, which will further support the growth of the market. However, the factor hindering the growth of the GCC packaging market include the rising strict government policies on volatile organic compound (VOC) emissions.
Material Segment Drivers
Based on material, the GCC packaging market is segmented into rigid plastics, paper & paperboard, flexible, glass, metal, and others. The paper & paperboard is expected to dominate the market in the coming years due to the drastic shift in the consumers’ preference for paper and paperboard packaging, including protective mailers, folding, corrugated board, or cardboard and lose fills, particularly in Saudi Arabia and the UAE.
Application Segment Drivers
Based on an application, the GCC packaging market is segmented into beverage, food, healthcare, cosmetics, consumer goods, industrial, and others. Food and beverage is projected to rise at a faster CAGR in the coming years due to the rising preference of the consumer for ready-to-eat products across the GCC countries. In addition to this, the growing penetration of smartphones and online food delivery will fuel the demand of the market.
GCC Packaging Market’s leading Manufacturers:
- Amcor plc
- Bemis Company, Inc.
- Napco National
- Ball Corporation
- Schott AG
- Sapin SA
- RAK Ghani Glass LLC
- Saudi Plastic Factory Co.
- SUN PACKAGING CO S.A.O.C.
- Packaging Company Ltd. (SAOG)
GCC Packaging Market Segmentation:
Segmentation by Material:
- Paper & Paperboard
- Rigid Plastics
- Flexible
- Metal
- Glass
- Others
Segmentation by Function:
- Cushioning
- Blocking & Bracing
- Void-fill
- Insulation
- Wrapping
- Others
Segmentation by Application:
- Food
- Beverage
- Healthcare
- Cosmetics
- Industrial
- Consumer Goods
- Others
Segmentation by Countries:
- UAE
- Saudi Arabia
- Oman
- Kuwait
- Rest of GCC
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