Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by Infinium Global Research on the sustainable packaging market provides an in-depth analysis of segments and sub-segments in the GCC as well as regional sustainable packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional sustainable packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the GCC sustainable packaging market. The GCC sustainable packaging market was valued at about USD 7 billion in 2022 and is expected to reach nearly USD 9 billion in 2028, with a CAGR of over 4% during the forecast period.
Sustainable packaging is any type of eco-friendly material that is used to wrap, store, ship, or shelve products. Compostable packaging is a popular form of sustainable packaging. This packaging protects food products like sustainable packaging and also displays the properties and resilience of traditional materials, sustainable packaging is an eco-friendly material that is used to wrap, store, shelve, and ship the product. Sustainable packaging has the capacity to preserve the freshness of food products and increase the product shelf life, plastic pouches, and bags are anticipated to continue being a common form of packaging. Sustainable packaging is the development and use of packaging solutions that have minimal impact on carbon footprint also on the environment. The materials such as papers, paperboard, metals, and recyclable plastics are used to package pharmaceutical, cosmetic, and agricultural products.
The growing concern of people for environmental safety is the major driver for the market. Due to the non-biodegradable plastics, environmental health will be harmed which causes a number of negative effects such as soil pollution, landfills, and loss of soil fertility. Another growth factor is rising consumer preferences towards eco-friendly packaging which drives the growth of the market. The supply of Bio-plastics and other materials is inadequate. The market for sustainable packaging is being negatively impacted by the high cost of the raw ingredients needed, including liquid biofuels, bio-polymers used in films, bio-based monomers, cellulosic and recyclable fiber, and additives. Initiatives taken by governments in several emerging economies to support environmental-friendly packaging create growth opportunities for the market. Additionally, R&D of sustainable planted seed packaging creates growth opportunities.
The GCC packaging market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of the GCC. The Saudi Arabia region is expected to grow at a higher market share during the forecast period due to the high demand for the packaging of food and beverage products. Which are exported to different countries. Moreover, the high usage of packing materials during cargo shipments will further drive the growth of the GCC packaging market. The UAE is also projected to grow a high market share during the forecast period owing to the high dependency on flexible packaging in the different industries in the country. Additionally, the rising awareness of the environment also boosts the growth of sustainable packaging in the UAE. Apart from this, the rising utilization of sustainable packaging in the e-commerce industry to wrap products before shipping, coupled with the rising online shopping activities of individuals, is offering a favorable market in UAE.
| Report Coverage | Details |
|---|---|
| Market Size in 2021 | About USD 7 Billion |
| Market Size by 2028 | Nearly USD 9 Billion |
| Growth Rate from 2022 to 2028 | CAGR of Over 4% |
| Largest Market | Saudi Arabia |
| No. of Pages | 80 |
| Market Drivers |
|
| Market Segmentation | By Material, By Packaging Type, and By Application |
| Regional Scope | Saudi Arabia, UAE, Kuwait, and Rest of GCC |
The report on GCC sustainable packaging market covers segments such as material, packaging type, and application. On the basis of material, the sub-markets include pouches & sachets, paper & paperboard, plastic, and others. On the basis of packaging type, the sub-markets include trays, bags, boxes, bottles & jars, films, and others. On the basis of application, the sub-markets include food and beverages, automobile & electronics, chemical, pharmaceutical, and cosmetics and personal care.
The report provides profiles of the companies in the market such as Logos Pack, ASPCO, Printpack, Arabian Plastic Industrial Company Limited (APICO), OCTAL, Gulf Packaging Industries Limited, Napco National, Takween Advanced Industries, Advanced Flexible Packaging Co., and Sealed Air.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sustainable packaging market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
