GCC Rigid Packaging Market Size (2024 - 2029)

The GCC rigid packaging market is experiencing growth driven by favorable economic and demographic trends, increased personal disposable income, and economic expansion across the region. The demand for domestically manufactured goods has spurred the need for effective rigid packaging solutions, contributing to the market's expansion. High per capita income and a younger demographic in GCC nations positively influence the demand for luxury and electronic goods, while the working expatriate population boosts consumer goods demand. Additionally, government initiatives to enhance infrastructure and support domestic food production are reducing import reliance and fostering the growth of local food and beverage providers, further impacting the market size.

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Market Size of GCC Rigid Packaging Industry

GCC (Gulf Cooperation Council) Rigid Packaging Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.73 %
Market Concentration Medium

Major Players

GCC Rigid Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

GCC Rigid Packaging Market Analysis

GCC rigid packaging market was valued USD 17.12 billion in 2020 and is expected to register a CAGR of 5.73% during the forecast period (2021-2026). Favorable economic and demographic trends, an increase in personal disposable income, and the expansion of economies are key factors that contribute to the expansion of market studied in various countries.

  • Rise in demand for domestically manufactured goods has led to a rise in demand for effective rigid packaging solutions, thus driving the growth of the rigid packaging market in major countries within GCC.
  • The high per capita income and younger demographic profile of GCC nations have a positive effect on the demand for high-value luxury goods and electronics goods. The working expatriate population is the reason for the increase in demand for consumer goods. Additionally, the regional governments have been emphasizing to improve their infrastructure to bring in an influx of tourists to their countries.
  • Government support for domestic food production is continuing to reduce reliance on imports, which is supporting the growth of the local food and beverage providers.

GCC Rigid Packaging Industry Segmentation

The rigid packaging market is segmented by material and end-user vertical. The materials are further segmented by plastic, glass, metal, and paper whereas the end-user vertical is segmented into food and beverage, pharmaceutical, personal care and industrial.

By Material Type
Plastic
Glass
Metal
Other Material Types
By End-user Vertical
Food and Beverage
Pharmaceutical
Personal Care
Industrial
By Country
Saudi Arabia
UAE
Qatar
Rest of GCC
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GCC Rigid Packaging Market Size Summary

The GCC rigid packaging market is experiencing significant growth, driven by favorable economic conditions, increasing personal disposable income, and a burgeoning economy across the region. The demand for domestically manufactured goods has spurred the need for effective rigid packaging solutions, particularly in countries like Saudi Arabia and the UAE. The high per capita income and youthful demographic in GCC nations are boosting the demand for luxury and electronic goods, further propelling the market. Additionally, the influx of expatriates has increased the demand for consumer goods, while government initiatives to enhance infrastructure and attract tourism are also contributing to market expansion. The focus on reducing import reliance through support for domestic food production is bolstering local food and beverage providers, thereby supporting the rigid packaging market.

Within the GCC region, the Polyethylene Terephthalate (PET) segment is poised for substantial growth, driven by its high demand in beverage packaging. The food and beverage industry's consistent demand for rigid packaging is a key factor in this expansion. Saudi Arabia's efforts to increase PET recycling are expected to further boost demand, aligning with government sustainability initiatives. The market is competitive, with major players like Amcor Limited and Schott AG dominating and expanding their international presence through strategic collaborations. Regulatory developments, such as the GCC's technical regulations for food packaging, are anticipated to enhance PET demand, reinforcing the market's growth trajectory.

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GCC Rigid Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Industry Regulatory Policies

    5. 1.5 Trade Analysis - Import/Export Analysis

    6. 1.6 Introduction to Market Drivers and Restraints

    7. 1.7 Market Drivers

      1. 1.7.1 Increasing Demand For Convenience Products, Due To Improving Consumer Lifestyle

      2. 1.7.2 Increasing Usage Of Plastics (Recyclable Plastics)

    8. 1.8 Market Restraints

      1. 1.8.1 Increasing Popularity Of Flexible Packaging In The GCC Countries

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Plastic

      2. 2.1.2 Glass

      3. 2.1.3 Metal

      4. 2.1.4 Other Material Types

    2. 2.2 By End-user Vertical

      1. 2.2.1 Food and Beverage

      2. 2.2.2 Pharmaceutical

      3. 2.2.3 Personal Care

      4. 2.2.4 Industrial

    3. 2.3 By Country

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 UAE

      3. 2.3.3 Qatar

      4. 2.3.4 Rest of GCC

GCC Rigid Packaging Market Size FAQs

The GCC Rigid Packaging Market is projected to register a CAGR of 5.73% during the forecast period (2024-2029)

Amcor Limited, Al Watania Plastics, Schott AG, Ball Corporation and RAK Ghani Glass LLC are the major companies operating in the GCC Rigid Packaging Market.

GCC Rigid Packaging Report Snapshots

GCC (Gulf Cooperation Council) Rigid Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)