Mar 9, 2019   SOURCE: BusinessWire

GCC Flexible Packaging Market Trends, Share, Size, Growth, Opportunity and Forecast (2019-2024): Projected to Grow at Approx 8% - ResearchAndMarkets.com

The "GCC Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The GCC flexible packaging market reached a value of US$ 1.6 Billion in 2018. The GCC flexible packaging market is further projected to reach a value of US$ 2.5 Billion by 2024 expanding at a CAGR of around 8% during 2019-2024.

Flexible packaging currently represents the fastest growing segment of the packaging industry and is used for consumer and institutional products and in industrial applications, to protect, market, and distribute a vast array of products.

The market for flexible packaging is currently exhibiting strong growth in the GCC region largely driven by a continuous growth in its end use sectors such as food, retail, consumer goods, pharmaceuticals, etc. Catalyzed by rising levels of urbanization, changing dietary habits, large expatriate population and increasing penetration of organized retail formats such as hypermarkets and supermarkets, the processed and packaged food market in the GCC region is currently exhibiting strong growth.

Moreover, driven by economic growth and rising personnel disposable incomes, the retail and consumer goods market in the region is also experiencing strong growth. Additionally, the rising prevalence of various chronic and acute diseases coupled with increasing geriatric population is driving the demand of pharmaceuticals in the region.

Flexible packaging offers numerous advantages over rigid packaging. It helps in extending the shelf life of various products, particularly food, and has a positive sustainability profile. Flexible packaging also requires lower energy to produce and to transport, and generates lower quantities of greenhouse gases.

Additionally, it also offers convenience to consumers as it is light-weight, easy to open, carry, store, and reseal. All the major traditional benefits of rigid packaging can be realized from flexible packaging with the added advantages of lower cost and greater flexibility.

Regional Insights

Based on the region, the market has been segmented into Saudi Arabia, UAE, Oman, Kuwait, Bahrain and Qatar. Currently, Saudi Arabia dominates the total GCC flexible packaging market.

Raw Material Type Insights

Based on the raw material, the market has been segmented into polymer, paper and foil. Polymers currently represent the most popular raw material.

Product Type Insights

Based on the product type, pouches and bags represent the biggest segment followed by squeezable bottles.

Application Insights

Based on the application, the food and beverages industry dominates the flexible packaging market. The Food and beverages sector is followed by non-food products, consumer products, pharmaceuticals and others.

Printing Technology Insights

On the basis of printing technology, the market has been segmented into rotogravure, flexography, offset, digital and others. Amongst these, rotogravure currently represents the most popular printing technology.

Competitive Landscape

The report has also analysed the competitive landscape of the GCC flexible packaging market. Some of the key players include:

  • Huhtamaki
  • Rotopak
  • Arabian Packaging
  • Integrated Packaging
  • Emirates Printing Press
  • Emirates Technopack
  • Fujairah Plastics
  • Amber Packaging Industries LLC

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 GCC Packaging Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Type

5.4 Market Forecast

6 GCC Flexible Packaging Market

6.1 Market Overview

6.2 Market Performance

6.3 Market Breakup by Region

6.4 Market Breakup by Raw Material Type

6.5 Market Breakup by Product Type

6.6 Market Breakup by Application

6.7 Market Breakup by Printing Technology

6.8 Market Forecast

6.9 SWOT Analysis

6.10 Value Chain Analysis

6.11 Porters Five Forces Analysis

6.12 Price Analysis

7 Market Breakup by Region

7.1 Saudi Arabia

7.2 UAE

7.3 Oman

7.4 Kuwait

7.5 Bahrain

7.6 Qatar

8 Market Breakup by Raw Material Type

8.1 Polymer

8.2 Paper

8.3 Foil

9 Market Breakup by Product Type

9.1 Pouches and Bags

9.2 Squeezable Bottles

9.3 Others

10 Market Breakup by Application

10.1 Food and Beverages

10.2 Non-Food

10.3 Consumer Products

10.4 Pharmaceuticals

10.5 Others

11 Market Breakup by Printing Technology

11.1 Rotogravure

11.2 Flexography

11.3 Offset

11.4 Digital

11.5 Others

12 Flexible Packaging Manufacturing Process

12.1 Product Overview

12.2 Raw Material Requirements

12.3 Manufacturing Process

12.4 Key Success and Risk Factors

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/research/dtml2c/gcc_flexible?w=4