United Arab Emirates Plastic Caps And Closures Market Size (2024 - 2029)

United Arab Emirates Plastic Caps and Closures Market Analysis

The United Arab Emirates Plastic Caps And Closures Market size is estimated at USD 0.86 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 16.16 billion units in 2024 to 19.49 billion units by 2029, at a CAGR of 3.82% during the forecast period (2024-2029).

Various packaging vendors in the United Arab Emirates sell a diverse array of caps and closure products of plastic. These materials cater to needs in food, beverages, personal care and cosmetics, household chemicals, and others.

• The United Arab Emirates stands out in the Middle East's food and beverage industry owing to its robust economic growth and diversification. This has propelled the UAE's food and beverage sector to the forefront in the GCC. Consequently, there is a rising appetite for convenient and portable packaging solutions.
• The UAE food processing industry has witnessed constant growth in the past few years. According to the US Department of Agriculture, there are more than 568 food and beverage manufacturers and processes in the country. This trend is set to continue as international investment, and the government's efforts to boost domestic food output and self-reliance lead to the emergence and diversification of production facilities.
• Plastic caps and closures retain shape, providing sturdy support for stored products. Its robust structure enhances product safety by minimizing movement, reducing the impact of collisions, and ensuring secure transportation. Plastic jars paired with caps and closures find extensive use in supermarkets and shops, facilitating the transportation of diverse items, ranging from foods to pharmaceuticals.
• The UAE packaging industry is expanding, driven by the region's exploding need for packaging products and the expansion of e-commerce. As per the Meltwater report, as of October 2023, the United Arab Emirates had one of the highest internet penetration rates of 99%. This strength in the country's internet penetration rate would create a facilitative business and tech atmosphere that drives the sale of food, beverages, and groceries. Therefore, the demand for caps and closures would also increase.
• Energy, transport, and logistics fluctuations have significantly impacted raw material prices. Packaging, closely tied to raw material imports and exports, is susceptible to various factors, including geopolitical tensions, trade regulations, tariffs, and shifting environmental priorities. Global conflicts and geopolitical tensions further exacerbate supply chain uncertainties, influencing demand-supply dynamics and potentially leading to economic downturns. While the United Arab Emirates traditionally relies heavily on oil, these broader economic uncertainties could spill over, affecting the region's non-oil sectors and raw material pricing.

United Arab Emirates Plastic Caps and Closures Industry Segmentation

The scope of the study characterizes the plastic caps and closures market based on the product's raw materials, including PP, PE, PET, and other raw materials used across various end-user industries, such as food, pharmaceuticals, beverages, cosmetics, toiletries, and more across the country. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

The UAE plastic caps and closures market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other plastic materials), product type (threaded, dispensing, unthreaded, and child-resistant), end-user industry (food, beverage (bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks, and other beverages), personal care and cosmetics, household chemicals, and other end-user industries). The report offers the market size in value terms in USD for all the abovementioned segments.