GCC PET Packaging Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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).

Key Market Segmentation:

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:

Rigid Packaging
Flexible Packaging

Breakup by Form:

Amorphous PET
Crystalline PET

Breakup by Pack Type:

Bottles and Jars
Bags and Pouches
Trays
Lids/Caps and Closures
Others

Breakup by Filling Technology:

Hot Fill
Cold Fill
Aseptic Fill
Others

Breakup by End User:

Beverages Industry
- Bottled Water
- Carbonated Soft Drinks
- Milk and Dairy Products
- Juices
- Beer
- Others
Household Goods Sector
Food Industry
Pharmaceutical Industry
Others

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the GCC PET packaging market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC PET packaging market?
What are the key regional markets?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the pack type?
What is the breakup of the market based on the filling technology?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the GCC PET packaging market and who are the key players?
What is the degree of competition in the industry?