The GCC PET packaging market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.56% during 2023-2028.
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.
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 at the regional and country level from 2023-2028. Our report has categorized the market based on packaging type, form, pack type, filling technology and end user.
Breakup by Packaging Type:
Breakup by Form:
Breakup by Pack Type:
Bottles and Jars
Bags and Pouches
Lids/Caps and Closures
Breakup by Filling Technology:
Breakup by End User:
Carbonated Soft Drinks
Milk and Dairy Products
Household Goods Sector
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Packaging Type, Form, Pack Type, Filling Technology, End User, Country
Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
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Key Questions Answered in This Report
The GCC PET packaging market was valued at US$ 1.9 Billion in 2022.
We expect the GCC PET packaging market to exhibit a CAGR of 6.56% during 2023-2028.
The rising demand for eco-friendly solutions across various industries, including Food and Beverage (F&B), personal care, pharmaceuticals, etc., as it exhibits high dimensional stability and resistance to moisture, solvents, and alcohols, is primarily driving the GCC PET packaging market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several GCC nations, resulting in the temporary closure of numerous end-use industries for PET packaging.
Based on the packaging type, the GCC PET packaging market can be segmented into rigid packaging and flexible packaging. Currently, rigid packaging holds the majority of the total market share.
Based on the form, the GCC PET packaging market has been divided into amorphous PET and crystalline PET, where amorphous PET currently exhibits a clear dominance in the market.
Based on the pack type, the GCC PET packaging market can be categorized into bottles and jars, bags and pouches, trays, lids/caps and closures, and others. Currently, bottles and jars account for the majority of the total market share.
Based on the filling technology, the GCC PET packaging market has been segregated into hot fill, cold fill, aseptic fill, and others. Among these, cold fill currently holds the largest market share.
Based on the end user, the GCC PET packaging market can be bifurcated into beverages industry, household goods sector, food industry, pharmaceutical industry, and others. Currently, the beverage industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain, where Saudi Arabia currently dominates the GCC PET packaging market.
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