GCC Rigid Packaging Market is projected to experience a CAGR of 3.63% throughout the forecast period

The GCC rigid packaging market is estimated to grow at a CAGR of 3.63% during the forecast period.

NOIDA, UTTAR PARDESH, INDIA, November 9, 2023 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the GCC rigid packaging market is projected to grow at a CAGR of 3.63% between 2021 and 2028.

The GCC region's expanding population pushes up product demand, which drives up demand for rigid packaging solutions to assure product safety and lifespan. Furthermore, rising disposable income among GCC consumers drives demand for packaged goods, leading to the growth of the rigid packaging industry. The growth of sectors in the GCC area, including food and beverage, pharmaceuticals, cosmetics, and consumer goods, increases the demand for reliable and visually appealing rigid packaging choices to fulfil the different product requirements positively influencing the market dynamics.

The GCC rigid packaging market refers to the industrial and commercial activities associated with the manufacturing, distribution, and consumption of stiff and durable packaging materials such as plastics, metals, and glass in GCC (Gulf Cooperation Council) nations. This market provides safe and attractive packaging solutions to a variety of industries, including food and beverage, pharmaceuticals, cosmetics, and consumer products. The expanding population, higher disposable income, superior quality requirements, and increasing need for convenience and product safety in the GCC region fuel the expansion of the rigid packaging market, resulting in the availability of varied packaging solutions adapted to industry-specific demands.

The market is witnessing multiple collaborations and technological advancements, for instance, Kerry formally completed a 21,500-square-foot factory in Jeddah, Saudi Arabia, in January 2022 to create sustainable food ingredients. These will be supplied throughout the Middle East, with a focus on the snack, meat, and bread industries. These new advances, as well as the expansion of food processing facilities, will propel the industry's growth of rigid plastic packaging solutions even further.

Access sample report or view details: https://www.knowledge-sourcing.com/report/gcc-rigid-packaging-market

Based on material the global GCC rigid packaging market is divided into plastic, glass, metal, and others. Among these, the plastic segment held the major market share and will likely dominate the market over the forecast period. Plastic packaging materials are frequently employed by manufacturers to make rigid packaging items. The key qualities that drive the expansion of the plastic sector in the market are high strength, stability, and ease of molding into various shapes and sizes. Rigid plastic is chosen over other materials because of its lightweight, low cost, and formability eventually driving market growth.

Based on end-user the global GCC rigid packaging market is divided into food and beverages, pharmaceutical, personal care, and industrial. Among these, the food and beverages sector is likely to grow significantly over the forecast period. This expansion can be ascribed to numerous reasons. For instance, the region's growing population and expanding disposable income are fueling demand for packaged food and beverages. Second, the rising tourist business in the GCC nations has boosted the demand for appealing and long-lasting packaging solutions for the hospitality and travel industries. Furthermore, strict food safety and hygiene rules and standards encourage the development of rigid packaging in the food and beverage industry. Moreover, increased customer desire for convenience, product protection, and prolonged shelf life drives the growth of the GCC rigid packaging market.

Based on material type the global GCC rigid packaging market is divided into polypropylene (PP), polyethylene terephthalate (PET), and polyethylene (PE). Among these, polyethylene terephthalate (PET) is likely to grow significantly over the forecast period. PET is a general-purpose thermoplastic polymer of the polyester category. Polyester resins are well-known for their outstanding combination of mechanical, thermal, chemical, and dimensional stability qualities making them a preferred material for rigid packaging hence fueling market expansion.

Based on country the United Arab Emirates (UAE) will likely lead the GCC rigid packaging industry. This is attributable to several causes. To begin, the UAE has a robust and varied economy, with a large presence in industries such as food and beverage, pharmaceuticals, and consumer products, all of which drive demand for rigid packaging solutions. Furthermore, the UAE's strategic location and well-developed logistical infrastructure position it as a regional trading and distribution hub, attracting packaging makers and suppliers. Moreover, the UAE government's attempts to foster industrial development and international investment contribute to the country's rigid packaging market growth. Furthermore, the UAE's emphasis on innovation and the use of modern technology improves its position in the GCC rigid packaging market.

As a part of the report, the major players operating in the global GCC rigid packaging market, that have been covered are Amcor plc, Schott, Ball Corporation, Rotopack srl, RAK Ghani Glass LLC.

The market analytics report segments the global GCC rigid packaging market using the following criteria:

• By Material

o Plastic
o Glass
o Metal
o Others

• By End-Users

o Food and Beverages
o Pharmaceutical
o Personal Care
o Industrial

• By Material Type

o Polypropylene (PP)
o Polyethylene Terephthalate (PET)
o Polyethylene (PE)

• BY Country

o Bahrain
o Kuwait
o Oman
o Qatar
o Saudi Arabia
o UAE

Companies Profiled:

• Amcor plc
• Schott
• Ball Corporation
• Rotopack srl
• RAK Ghani Glass LLC

Explore More Reports:

• Hot-Fill Food Packaging Market: https://www.knowledge-sourcing.com/report/hot-fill-food-packaging-market
• Dairy Packaging Market: https://www.knowledge-sourcing.com/report/dairy-packaging-market
• Milk Packaging Market: https://www.knowledge-sourcing.com/report/milk-packaging-market

Ankit Mishra
Knowledge Sourcing Intelligence LLP
+1 850-250-1698
email us here
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