GCC Flexible Packaging Market to Reach US$ 6.0 Billion by 2032, Fostered by Flourishing Packaged Food Industry

April 22, 2019 | Packaging

According to the latest report by IMARC Group, titled “GCC Flexible Packaging Market Report by Raw Material Type (Polymer, Paper, Foil), Product Type (Pouches and Bags, Squeezable Bottles, and Others), Application (Food and Beverages, Non-Food, Consumer Products, Pharmaceuticals, and Others), Printing Technology (Rotogravure, Flexography, Offset, Digital, and Others), and Country 2024-2032”, the GCC flexible packaging market reached a value of US$ 3.6 Billion in 2023. 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.

GCC Flexible Packaging 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$ 6.0 Billion by 2032, growing at a CAGR of 5.8% during 2024-2032.

Market Summary:

On the basis of the raw material type, 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.
On the basis of the application, the market has been segregated into food and beverages, non-food, 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 Plastics Packaging, Emirates Printing Press, Emirates Technopack, Fujairah Plastics, Amber Packaging Industries LLC, Saudi Printing & Packaging Co., Printo Pack and APSCO.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion, Kilo Tons
Segment Coverage	Raw Material Type, Product Type, Application, Printing Technology, Country
Countries Covered	Saudi Arabia, UAE, Oman, Kuwait, Bahrain, Qatar
Companies Covered	Huhtamaki, Rotopak, Arabian Packaging, Integrated Plastics Packaging, Emirates Printing Press, Emirates Technopack, Fujairah Plastics, Amber Packaging Industries LLC, Saudi Printing & Packaging Co., Printo Pack and APSCO
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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GCC Flexible Packaging Market to Reach US$ 6.0 Billion by 2032, Fostered by Flourishing Packaged Food Industry

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