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The GCC PET packaging market is currently witnessing moderate growth. Polyethylene terephthalate, or PET, is a lightweight plastic. It is manufactured by melting pellets of the PET resin and extruding the molten liquid into the desired shapes. PET exhibits high dimensional stability and resistance to moisture, solvents, and alcohols while providing a moderate amount of resistance to dilute alkalis and halogenated hydrocarbons. In the GCC countries, with the growing awareness and shifting consumer preferences toward eco-friendly solutions, PET packaging is being preferred in the food and beverage, personal care, and pharmaceutical industries.
The GCC PET packaging market is primarily driven by the shifting focus of governments toward recycling plastic waste and the implementation of several laws encouraging such activities. For instance, Saudi Arabia currently recycles about 10% of its PET bottles annually. Additionally, with the improvement in transportation and distribution infrastructures, various multinational companies are investing in packaged food production. This has led to an increase in the demand for PET packaging in the region. Furthermore, the rapid adoption of PET packaging by various manufacturers due to the low production and shipping costs, minimal waste and storage, and the ease of transportation is also bolstering the market growth. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC PET Packaging market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, packaging type, form, pack type, filling technology and end user.
Breakup by Packaging Type:
Breakup by Form:
Breakup by Pack Type:
Breakup by Filling Technology:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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