UAE Packaging Market
UAE Packaging Market Size Set to Touch USD 19.34 Billion by 2029
Published | 17 August 2023
UAE packaging market is gaining traction because of the increasing demand for carton paper from the e-commerce sector and stringent regulations on plastic packaging.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE packaging market size at USD 13.75 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the UAE packaging market size to grow at a CAGR of 5.85% reaching a value of USD 19.34 billion by 2029. The increasing demand for consumer goods including food, drinks, and personal care products as well as the Gulf nation's thriving e-commerce sector are key growth drivers for the UAE packaging market. Additionally, it is projected that over the forecast period, advancements in package designs and materials introduced by packaging makers would propel market expansion.
UAE Packaging Market – Overview
Packaging refers to the wrapping or bottling of goods to protect them from deterioration during storage and transit. Packaging serves a variety of purposes, including handling convenience, information transfer, tamper-resistance, physical protection, and aesthetics. Packaging is what presents the product in the best possible way, communicates the product's benefits to consumers, displays the product's price and value, and makes the product physically visible at different distribution points.
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UAE Packaging Market
Segmental Information
UAE Packaging Market – By End-Use Industry
Based on end-user industry, the UAE packaging market is segmented into food & beverages, industrial, and other end-use industries. The food & beverages industry dominates the UAE packaging market. Specific types of packaging materials are used for different foods and beverages to prevent contamination and increase the shelf life of the products. Attractive packaging acts as a crucial marketing tool for products to catch consumers’ attention and create a unique brand identity, which contributes to its demand in the food and beverage industry.
Impact of COVID-19 on the UAE Packaging Market
The COVID-19 pandemic presented new growth opportunities to the UAE packaging market. The market witnessed a tremendous shift towards online stores for the purchase of regular groceries and other goods such as clothes. As a result, packaging recorded prolific demand from the e-commerce industry. Furthermore, food and beverages were flagged as essential items. Panic purchasing and extensive hoarding of necessary products and deliverables occurred as a result of people buying stuff in preparation for a lockdown. Bulk orders for everything from staple meals to fresh goods were placed through online platforms.
Competitive Landscape
Major players operating in the UAE packaging market include Arabian Packaging Co. LLC, RAK Packaging Company Limited, Queenex Corrugated Carton Factory, Falcon Pack, World Pack Industries LLC, Universal Carton Industries LLC, Express Pack Print, Green Packaging Boxes IND LLC, Tarboosh Packaging Co. LLC, and Unipack Containers & Carton Products LLC.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the UAE Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE 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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Related Report
Publish Date: August 2023
Increasing demand for carton paper from the e-commerce sector and stringent regulations on plastic packaging are expected to boost the growth of UAE Packaging Market during the forecast period between 2023 and 2029.
Relevant Press Releases
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- Asia Pacific Corrugated Packaging Market Size Set to Grow at Steady CAGR of 8.5% during 2023–2029
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- UAE Packaging Market Size Set to Touch USD 19.34 Billion by 2029