Name: GCC Packaging Market by Material (Paper &amp; Paperboard, Rigid Plastics, Flexible, Metal, Glass, and Others), By Function (Cushioning, Blocking &amp; Bracing, Void-fill, Insulation, Wrapping, and Others), By Application (Food, Beverage, Healthcare, Cosmetics, Industrial, Consumer Goods, and Others) and By Countries (UAE, Saudi Arabia, Oman, Kuwait and Rest of GCC) - Opportunities &amp; Forecast, 2020-2027
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GCC Packaging Market by Material (Paper & Paperboard, Rigid Plastics, Flexible, Metal, Glass, and Others), By Function (Cushioning, Blocking & Bracing, Void-fill, Insulation, Wrapping, and Others), By Application (Food, Beverage, Healthcare, Cosmetics, Industrial, Consumer Goods, and Others) and By Countries (UAE, Saudi Arabia, Oman, Kuwait and Rest of GCC) – Opportunities & Forecast, 2020-2027

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Packaging refers to the systematic procedure of enclosing or protecting products for safe distribution, storage, sale, and usage. The packaging protects the products from physical harm while improving the sustainability of the products for a longer interval of time. It also helps in retaining the freshness of the product and makes the shipment process easier. The innovative packaging enables the self-service of the products, increase the consumer affluence, and create unique brand recognition among the consumers. The packaging of different products in widely preferred by numerous industries such as food, beverage, healthcare, cosmetics, and consumer goods.

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The primary factors contributing to the growth of the GCC Packaging Market include the growing acceptance of digital printing across various brands in the GCC countries. Digital print on the packing of the goods increases the product appeal and provides detailed information about the ingredients, date of manufacturing, and price of the product. In addition to this, continuous technological advancement and product innovation will create new opportunities in the market, which in turn, will encourage the manufacturers to opt for attractive packaging for unique brand recognition. The growing accessibility of third-party logistics service companies in the packaging industry will have a positive impact on the increasing demand of the market in the coming years.

The continuous growth in the end use-sectors of packaging, including food, retail, consumer goods, and pharmaceuticals sector, will drastically drive the demand of the market. The increasing level of urbanization, followed by the changing dietary habits and growing population rate, will further exhibit strong growth of the market. With the high economic growth and rising disposable income, the consumers are now actively looking for ready-to-eat packed food products. The food & beverage manufacturers are focussing on expanding their product offerings with the reusable packaging materials and are investing in R&D activities in biodegradable packaging, which will further boost the demand of the GCC packaging market. On the other hand, the growing stringent government policies on the volatile organic compound (VOC) emissions will hamper the GCC packaging market.

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Based on material, the GCC packaging market is segmented into paper & paperboard, rigid plastics, flexible, metal, glass, and others. The paper & paperboard segment is anticipated to lead the market during the forecast period owing to the significant shift in the consumer’s preference for paper and paperboard packaging such as folding, protective mailers, corrugated board, or cardboard and lose fills, especially in the UAE and Saudi Arabia.

Based on function, the GCC packaging market is segmented into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others. The cushioning segment is projected to grow at a higher CAGR during the forecast period. The cushion packaging of different products has a strong demand due to the increasing preference of this packaging in road transportation to avoid physical damage of products. The usage of the cushioning material reduces the impact of sudden shock during the immobilization of the containers.

Based on an application, the GCC packaging market is segmented into food, beverage, healthcare, cosmetics, industrial, consumer goods, and others. The food and beverage segment is expected to grow at a higher CAGR during the forecast period due to the increasing preference of the consumer for ready-to-eat packed food products across the GCC countries. Moreover, the increasing penetration of smartphones and online food delivery will drastically boost the demand of the Packaging Market.

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Based on the countries, the GCC packaging market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. The Saudi Arabia region is expected to grow at a higher CAGR during the forecast period due to the high demand for packaging of food and beverage products which are exported in different countries. Moreover, the high usage of the packing materials during the cargo shipments will further drive the growth of the GCC packaging market. The UAE is projected to grow at high CAGR during the forecast period owing to the high dependency of the flexible packaging in the different industries in the country.

Various notable players operating in the market, include 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) among others.

Key Developments

- In May 2019, Coca-Cola, PepsiCo, and Unilever entered into an agreement with the UAE Ministry of Climate Change and Environment (MOCCAE) to combat against plastic waste pollution. This coalition is also named as a coalition of innovation in recycling towards a closed-loop economy (coalition circle) to encourage the residential, industrial, and commercial communities to deliver sustainable solutions.
- In April 2018, SABIC entered into a joint venture with The National Methanol Company (Ibn Sina) to open the first-ever polyacetal (POM) plant in the Middle East & African region for a dynamic thermoplastic industry.

The GCC Packaging Market has been segmented based on material, function, application, and countries. Based on material, the market is segmented paper & paperboard, rigid plastics, flexible, metal, glass, and others. On the basis of function, the market is categorized into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others. Based on the application, the market is segmented food, beverage, healthcare, cosmetics, industrial, consumer goods, and others. On the basis of countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

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Key questions answered in this research report:

- At what pace is GCC Packaging Market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the GCC Packaging Market? What will be the impact of drivers and restraints in the future?
- What are the various materials of GCC Packaging Market and how they are poised to grow?
- Which application generated maximum revenues in 2019 and identify the most promising applications during the forecast period?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material, By Function, By Application, and By Countries
Regional Coverage	GCC
Companies Profiled	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) among others.; a total of 10 companies covered.
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Market Segmentation