GCC Packaging Market: Industry Trends and Developments 2020–2027
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each country participating in the study.
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Competitive Rivalry of the GCC Packaging Market:
The leading players in the GCC packaging market include Bemis Company, Inc., Napco National, Ball Corporation, Sapin SA, Schott AG, RAK Ghani Glass LLC, SUN PACKAGING CO S.A.O.C., Packaging Company Ltd. (SAOG), Saudi Plastic Factory Co., and Amcor plc, among others.
Drivers of the GCC Packaging Market:
The significant factors responsible for the growth of the GCC packaging market include the rising acceptance of digital printing across different brands in the GCC countries. Digital print on the packing of the goods raises the product appeal and offers detailed information about the date of manufacturing, ingredients, and price of the product. Moreover, rapid technological advancement and product innovation will bring new opportunities in the market, which will motivate the manufacturers to opt for attractive packaging for unique brand recognition. The increasing accessibility of third-party logistics service companies in the packaging industry will fuel the emerging demand of the market during the forecast period.
The rapid growth in the end use-sectors of packaging, including food, consumer goods, retail, and pharmaceuticals sector, will drastically propel the demand of the market. The rising level of urbanization, along with the changing dietary habits and increasing population rate, will further drive the market growth. With the high economic growth and growing disposable income, the consumers are now actively looking for ready-to-eat packed food products. The food & beverage manufacturers aim to increase their product offerings with reusable packaging materials and are heavily investing in R&D activities in biodegradable packaging, which will further bolster the demand of the GCC packaging market. On the other edge of the spectrum, the increasingly stringent government policies on the volatile organic compound (VOC) emissions will hinder the GCC packaging market.
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Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Material:
- Paper & Paperboard
- Rigid Plastics
- Flexible
- Metal
- Glass
- Others
Breakup by Function:
- Cushioning
- Blocking & Bracing
- Void-fill
- Insulation
- Wrapping
- Others
Breakup by Application:
- Food
- Beverage
- Healthcare
- Cosmetics
- Industrial
- Consumer Goods
- Others
Breakup by Countries:
- UAE
- Saudi Arabia
- Oman
- Kuwait
- Rest of GCC
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