Market Share of GCC Plastic Packaging Industry
The GCC plastic packaging market is fragmented with the presence of major players like Zamil Plastics Industries Inc., Napco National, Saudi Plastic Factory Company, 3P Gulf Group, and Arabian Plastic Industrial Company Limited (APICO). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
• May 2024 - Napco National announced the expansion of its packaging division with the strategic acquisition of Alsharq Plas LLC, a UAE-based brand that will be rebranded as Napco Sharq Plas LLC. The strategic acquisition will likely help both companies to provide high-quality solutions to the evolving customer requirements in the GCC region. In addition, the acquisition will likely expand the company’s market share in the region.
• May 2024 - Huhtamaki, a player in the Flexible Packaging sector, streamlined its operations in the United Arab Emirates. The company plans to centralize its manufacturing, opting to retain its Jebel Ali factory while significantly expanding its Ras Al Khaimah facility. This strategic move is set to progressively throughout the second half of 2024.
GCC Plastic Packaging Market Leaders
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Zamil Plastics Industries Inc.
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Napco National
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Saudi Plastic Factory Company
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3P Gulf Group
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Arabian Plastic Industrial Company Limited (APICO)
*Disclaimer: Major Players sorted in no particular order
