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2020-03-14
760
GCC
GCC has emerged as one of the most lucrative regions for the growth of the flexible packaging market. Further, Led by rising demand from the packaging industry in developing countries, as well as cumulative demand from consumer electronics and, food and beverage industry, GCC polymers demand is expected to grow by an average of 4.5% through 2017 and 2030. Saudi Arabia maintains 70% share of the total packaging industry in the GCC, with local business posting a 15 percent annual growth, owing to extensive consumption of plastic as a raw packaging material over glass and metal, packaging has emerged as one of the most active industries in the country, with demand continues to rise for both flexible and solid packaging. Additionally, the food and beverage industry accounted for the largest consumption of flexible packaging in GCC which is closely followed by chemical packaging.
Based on Material Type
By Applications
Based on Printing Technology Type
By End-User
By Geography
On the basis of material type, plastic films accounted for about 60% share of total GCC flexible packaging in 2017 whereas, the paper segment held nearly 19% market share in the same year. Rising environmental concerns is likely to boost the growth of the flexible paper packaging market during the forecast period.
Based on geography, Saudi Arabia region harnessed the largest revenue share of more than 68.4% in 2017 of the GCC flexible packaging market, while the UAE enjoyed the highest growth rate, expanding by +15% per annum during the past decade. Owing to this significant growth, the UAE’s share in the GCC flexible packaging industry has increased by 12% over the past decade reaching about 18% in 2016.
The report covers the present ground scenario and the future growth prospects of the Flexible Packaging market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
GCC Flexible Packaging Market Outlook 2017-2030, has been prepared based on in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the GCC Flexible Packaging market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Flexible Packaging Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Our GCC Flexible Packaging market report comprises of the following companies as the key players.
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