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The GCC flexible packaging market size reached US$ 2.86 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.3% during 2021-2026.
Flexible packaging is made up of packages that are easy to mould and have no solid structure. These re-sealable packaging solutions include scent retention and barrier qualities, making them ideal for packing moisture-sensitive items. Bags, pouches, plastics, films, foils, and liners, as well as a mix of these materials, may be used in this type of packaging. The widespread use of flexible packaging solutions in the fast-moving consumer goods (FMCG) industry, which is seeing significant expansion in the area, is now one of the primary reasons driving the GCC flexible packaging market.
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Market Trends:
Due to expanding population, high income levels, and changing eating patterns, the processed and packaged food business in the GCC region is currently undergoing fast growth. Flexible packaging's cost-effectiveness and longer shelf-life of food products are two of the primary features that are propelling the market forward. Other advantages of flexible packaging include its light weight, ease of opening, carrying, storing, and resealing, and a variety of customization possibilities that enhance the items' aesthetic appeal. Furthermore, it requires less energy to manufacture, resulting in much lower carbon emissions than rigid packaging, making it a more sustainable option for 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.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/gcc-flexible-packaging-market
Market Summary:
- 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.
- Based on the product type, the pouches and bags segment represents the most popular segment, followed by squeezable bottles.
- 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.
- 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.
- On the geographical front, Saudi Arabia holds the dominant market share. Other major regions include the UAE, Oman, Kuwait, Bahrain and Qatar.
- The competitive landscape of the market has also been analyzed along with the detailed profiles of the key player operating in the market. Some these players include Huhtamaki, Rotopak, Arabian Packaging, Integrated Packaging, Emirates Printing Press, Emirates Technopack, Fujairah Plastics and Amber Packaging Industries LLC.
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