GCC Food Packaging Market

Synopsis
The above chart is GCC Food Packaging Market Outlook (2018 to 2032)

Market Dynamics

the gcc region has one of the most rapidly growing food packaging markets due to the increasing population growth, urbanization, and consumer demand for convenience. the gcc food industry has grown rapidly in recent years, due to changing lifestyles, coupled with the growth in tourism. as such, the steady increase in the demand for packaged food in gcc countries has been the biggest driver of the gcc food packaging market. the trend for healthier lifestyles, the growing popularity of vegan and organic diets, and the preference for healthier and better-for-you food products has also been fuelling the food packaging sector in the gcc region. packaging innovations such as colder insulation, microwavable containers, modified atmosphere packaging, retort packing, among other new technologies have been pushing forward the demand for food packaging in the region. moreover, the easing of regulations, tax systems and removal of import duties on food packaging are also expected to boost the gcc food packaging market. the initiatives undertaken by the governments of gcc countries to expand their food processing and manufacturing industries have also been a major factor in driving the food packaging market’s growth in the region. furthermore, growing demand for convenience food, innovative packaging materials such as flexible packaging, and eco-friendly packaging are some of the key factors contributing to the growth of the market. the advent of smart packaging is expected to further strengthen the market by improving shelf lives, preserving quality, and providing transparency as far as materials are concerned. the replacement of conventional packaging with advanced packaging systems such as barcode scanning in the gcc is also expected to propel the food packaging market in the region. the upcoming technological trends such as the use of virtual reality, augmented reality, internet of things (iot), and automation in packaging are expected to further bolster its growth in the gcc region. it is hence expected that the gcc food packaging market would continue to grow at a steady rate during the forecast period of 2018-2032 as rising urbanization rates, new product innovations coupled with favourable governmental policies drive the growth of the market in the gcc.