GCC Flexible Packaging Market Report, Industry Trends, Growth, Share, Size, Demand and Forecast

GCC Flexible Packaging Market Research Report and Forecast Till 2024

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Report Description and Highlights

Report Description

GCC Flexible Packaging Market Report By Product Type (Pouches & Bags, Squeezable Bottles and Others), Application (Food & Beverages, Non-Food, Consumer Products, Pharmaceuticals and Others), Raw Material Type, Printing Technology, Region Over the past few years, the GCC flexible packaging market has witnessed strong growth. This can be accredited to the thriving processed and packaged food industry and the increasing sales of pharmaceutical products across the GCC region.

Market Overview: According to the latest report by IMARC Group, titled “GCC Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the GCC flexible packaging market reached a value of US$ 1.6 Billion in 2018. Flexible packaging consists of easy molding packages that have no rigid structure. These packaging solutions have aroma retention and barrier properties and come in re-sealable packs which make them suitable for packing moisture-sensitive products. This type of packaging may include bags, pouches, plastics, films, foils and liners or a combination of these materials. At present, one of the key factors driving the GCC flexible packaging market is the extensive utilization of these packaging solutions in the fast-moving consumer goods (FMCG) sector which is witnessing rapid expansion in the region.

Report Description and Highlights

Report Description Market Trends:

The processed and packaged food industry in the GCC region is currently experiencing rapid growth owing to the rising population, high income levels and shifting dietary patterns. Cost-effectiveness and longer shelf-life of food products are two of the key benefits offered by flexible packaging that are driving the market growth. Flexible packaging also provides other benefits such as light-weight, ease of opening, carrying, storing and resealing, and various customization options which add to the products’ aesthetic appeal. Besides, it requires less energy for production which results in significantly lesser carbon emissions as compared to rigid packaging, thus making it a sustainable option of packaging goods.

Moreover, rapid urbanization, sedentary lifestyles and regular consumption of fast food in the GCC region have led to a significant increase in the number of cases of chronic diseases, such as obesity, diabetes and cardiovascular diseases. This is boosting the overall sales of pharmaceutical products which, in turn, is strengthening the demand for flexible packaging in this sector. On account of the aforementioned factors, the GCC flexible packaging market size is anticipated to reach US$ 2.5 Billion by 2024, growing at a CAGR of around 8% during 2019-2024.

GCC Flexible Packaging Market Segmentation: Market Segmentation by Product Type Request for a sample report: https://www.imarcgroup.com/gcc-flexible-packaging-market/requestsample

Market Forecast

Sample Figure: GCC: Flexible Packaging Market Forecast: Sales Volume (in Kilo Tons), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description o Pouches and Bags o Squeezable Bottles o Others

Based on the product type, the pouches and bags segment represents the most popular segment, followed by squeezable bottles.

Market Segmentation by Application • • • • •

Food and Beverages Non-Food Consumer Products Pharmaceuticals Others

On the basis of the application, the market has been segregated into food and beverages, non-food products, consumer products, pharmaceuticals and others. Currently, the food and beverages segment exhibits a clear dominance in the market.

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Market Segmentation

Report Description Market Segmentation by Region • • • • • •

Saudi Arabia UAE Oman Kuwait Bahrain Qatar

On the geographical front, Saudi Arabia holds the dominant market share. Other major regions include the UAE, Oman, Kuwait, Bahrain and Qatar.

Market Segmentation by Raw Material Type • • •

Polymer Paper Foil

On the basis of the raw material, the market has been divided into polymer, paper and foil. Amongst these, polymers account for the majority of the total market share.

Market Segmentation

Report Description

Market Segmentation by Printing Technology • • • • •

Rotogravure Flexography Offset Digital Others

Based on the printing technology, the market has been classified into rotogravure, flexography, offset, digital and others. At present, rotogravure holds the dominant market share.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Huhtamaki Rotopak Arabian Packaging Integrated Packaging Emirates Printing Press

Market Segmentation

Report Description • • •

Emirates Technopack Fujairah Plastics Amber Packaging Industries LLC

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Report Description and Highlights

Report Description

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