GCC Flexible Packaging Market

GCC Flexible Packaging Market Overview

Flexible packaging is a kind of package or any part of a package, which has the property to get its shape changed readily. It is a resourceful and useful solution with a nominal requirement of cost, production, and materials. The most popular examples of flexible packaging are pouches, tubes, bags, carded packaging, shrink films, and sleeves. Many businesses are inclining towards flexible packaging for several reasons, such as its low-cost material, product security, and outstanding durability. It allows the packaging of products having various shapes with its variety of materials, design windows, design organization, and glosses.

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Major GCC Flexible Packaging Market Drivers

The key factor driving the growth of the GCC flexible packaging market is the increasing population in countries like Saudi Arabia and Kuwait, which is growing the demand for food. Moreover, there have been an increase in the number of stringent regulations to promote the use of bio-based products in packaging, mainly regarding food contact application, which is further surging the growth of the flexible packaging market. In Saudi Arabia, local businesses prefer plastic packaging for their product rather than glass and metal due to the cost-effectiveness and durable nature of flexible packaging solutions. The increased rate of organized retail format such as hypermarkets and supermarkets due to growing urbanization in GCC region has increased the growth of packaged food market. These factors surge the development of the flexible packaging market.

The use of flexible packaging has several advantages as compared to rigid packaging, such as prevents spoilage of products, lower energy requirement, and environment friendly. On the other hand, it is also convenient for end-users as it is lightweighted, easy to carry, and resealable. Flexible packaging provides all the advantages of rigid packaging with additional benefits such as greater flexibility and lower cost. These factors play a significant role in driving the growth of this market. Many global organizations are investing in the GCC region and are further expected to prefer flexible packaging for their products, increasing the growth of flexible packaging market in GCC region.

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Based on the raw material, the market is segmented into paper, aluminum foil, plastic, and bioplastic. The bioplastic segment is expected to grow at a higher CAGR over the forecast period owing to the stringent regulations in countries like Kuwait, Saudi Arabia, Oman, among others, to use biodegradable material for packaging due to the growing concerns regarding landfill wastes. The growing demand for bio-based products in applications such as bakery, snack, confectionary, and food packaging is further energizing the segment growth. Bioplastic has various features like cost-efficiency, flexibility, and durability, which has increased the growth of the GCC flexible packaging market.

Based on the product, the market is segmented into pillow pouches, stand-up pouches, four side seal pouches, and others. The stand-up pouches segment is anticipated to witness a faster CAGR over the forecast period attributed to the growing adoption by the manufacturers due to its highly appealing nature and lower cost. Other features such as easy to use, structural & functional stability, and prevention from odour moisture, pest, and vapor are surging the growth of the stand-up pouches segment in the flexible packaging market.

Based on application, the market is segmented into food & beverage, pharmaceutical, cosmetics, and others. The food & beverage segment is projected to grow at a higher CAGR during the forecast period due to the strong demand for packaged food due to the increasing population rate. Manufacturers of packaged foods such as frozen meals, cake mixes, ready-to-eat meals, and snacks prefer flexible packaging due to the high cost-effectiveness of flexible packaging. This factor aids to the rapid growth of the GCC flexible packaging market.

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Regional – Segment Analysis

Based on the countries, the GCC flexible packaging market is segmented into Saudi Arabia, Oman, Kuwait, and the rest of GCC. Saudi Arabia is anticipated to dominate the flexible packaging market owing to the growing rate of population in this country. With the increase in population, demand for packaged food has surged, which is further growing the demand of the flexible packaging market. Stringent regulations regarding the use of biodegradable products has grown the demand for flexible packaging by several manufacturers. Increasing expense on health have propelled the demand for flexible packaging in the pharmaceutical industry, which will further boost the growth of the flexible packaging market.

Key Developments: 

• • In 2020, Mondi plc partnered with Pope packaging for development of new water-resistant paper bags known as ‘Rain Barrier’. These bags prevent the water from going inside the bag as it stays on the surface and then evaporates.
  • In 2020, Constantia Flexibles collaborated with Nuvae Healthcare Pvt Ltd to launch a fully recyclable packaging solution. The Nuvae Healthcare Pvt Ltd., will offer the new recyclable flexible packaging solution, “EcoLamPLus” to the target consumers.
  • In 2019, Amcor announced the acquisition of Bemis Company, Inc to strengthen Amcor’s capabilities of packaging for pharmaceutical, food & beverage, and personal care industries with additional scale and footprint of Bemis Company, Inc.

Segments covered in the Report:

The GCC flexible packaging market has been segmented on the basis of raw material, product, application, and countries. Based on raw material, the market is segmented into paper, aluminum foil, plastic, and bioplastic. Based on product, the market is segmented into pillow pouches, stand-up pouches, four side seal pouches, and others (retort pouches, blisters, lidding, portion packs). Based on application, the market is segmented into food & beverage, pharmaceutical, cosmetics, and others. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. 

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Market Segmentation:

GCC Flexible Packaging Market by Raw Material

• • Paper
  • Aluminum Foil
  • Plastic
  • Bioplastic

GCC Flexible Packaging Market by Product

• • Pillow Pouches
  • Stand-Up Pouches
  • Four Side Seal Pouches
  • Others

GCC Flexible Packaging Market by Application

• • Food & Beverage
  • Pharmaceutical
  • Cosmetics
  • Others

GCC Flexible Packaging Market by Countries

• • Saudi Arabia Flexible Packaging Market All-Up (Option 1: Free 25% Customization)
  • Oman Flexible Packaging Market All-Up (Option 2: Free 25% Customization)
  • Kuwait Flexible Packaging Market All-Up (Option 3: Free 25% Customization)
  • UAE Flexible Packaging Market All-Up (Option41: Free 25% Customization)
  • Rest of GCC Flexible Packaging Market All-Up (Option 5: Free 25% Customization)