GCC Flexible Packaging Market Size Set to Touch USD 5.6 Billion by 2029

Published | 20 September 2023

GCC flexible packaging market is gaining traction because of the increasing demand from the food industry and growing focus on eco-friendly packaging and recycled plastics.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the GCC flexible packaging market size at USD 4.2 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC flexible packaging market size to grow at a CAGR of 4.2% reaching a value of USD 5.6 billion by 2029. The booming food and beverages industry, the availability and launch of a wide range of products, and the growing e-commerce sector are significant growth drivers for the GCC flexible packaging market.

GCC Flexible Packaging Market – Overview

Flexible packaging is a box or container made of flexible materials that can be effortlessly reshaped after filling or closing. It maintains the proper temperature, removes oxygen, and absorbs moisture to keep the product fresh throughout transit or its inactive life. Materials that break down easily, such as polyethylene, polyvinyl chloride, polypropylene, and polyester, are used to create this packaging. Flexible packaging has several uses and is appropriate for various businesses in the food, home, and personal use sectors.

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GCC Flexible Packaging Market

Segmental Information

GCC Flexible Packaging Market – By Packaging Type

Based on packaging type, the GCC flexible packaging market is segmented into pouches, rollstock, bags, films & wraps, and others. The pouches segment holds the largest share in the GCC flexible packaging market owing to its prominent application in the food and beverages industry. Their small size proves to be convenient in transportation and storage as well as economical during shipping of the products. However, bags also cover a substantial market share. They are gaining significant traction in the e-commerce industry for the packaging of clothes and other consumer goods.

Impact of COVID-19 on the GCC Flexible Packaging Market

The GCC flexible packaging market grew dramatically as a result of the COVID-19 pandemic. The region's demand for packaged food and beverage goods surged as a result of the lockdown and the emergence of a remote working culture. Food manufacturers concentrate on using adaptable, affordable packaging materials that may provide their products with a longer shelf life during mass hoarding due to the spike in demand for packaged food and beverage products. As a result, the need for flexible packaging has increased in the GCC, driving the total market expansion.

Competitive Landscape

Major players operating in the GCC flexible packaging market include Bemis Company, Inc., Mondi plc, Huhtamaki Oyj, Sealed Air Corporation, Constantia Flexibles International GmbH, Sonoco Products Company, and Amcor Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the GCC Flexible Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the GCC Flexible Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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