GCC Packaging Market Outlook

The gcc (gulf cooperation council) packaging market is forecasted to grow significantly over the next decade between 2018 and 2032. this is due to the positive outlook of the industries within the region, driven by the robust economic growth, rising urbanization, increasing demand for packaged goods, and an expanding middle-class population. one of the major drivers of the gcc packaging market outlook is the increasing demand for flexible packaging, due to the increasing health consciousness, convenience needs, as well as growing demand for eco-friendly packaging solutions. the gcc region has some of the highest gdp growth rates in the world. the continued population expansion and increasing demand for packaged goods within the region makes it an attractive market for investors in the packaging sector. since packaging forms a large part of the value chain for the food and beverage industry, the gcc region is considered an ideal market for these industries within the region. the growing demand for convenience-based packaging by the local population, as well as the rising health concerns regarding food and drink safety, are also creating strong demand for innovative and eco-friendly packaging solutions. the rise in disposable incomes and consequent consumer spending has spurred the growth of several industries such as food and beverage, healthcare, and pharmaceutical. hence, this has resulted in an increased demand for packaging materials to store, protect and transport these goods, which is expected to drive the growth of the gcc packaging market. on the other hand, the increasing trend towards sustainable and eco-friendly packaging solutions is also pushing the growth of the gcc packaging market. the current development plans in the gcc region such as vision 2030 and infrastructure development plans are expected to generate more business opportunities and services, thus creating a demand for more packaging solutions in the region. furthermore, the presence of budget air carriers and express delivery services in the region has triggered the growth of e-commerce. this has consequently led to the expansion and diversification of the gcc packaging market. in conclusion, the gcc packaging market is set for a strong growth between 2018 and 2032, owing to the positive outlook of the region’s industries, supported by the robust economic growth, rising urbanization, increasing demand for packaged goods, and an expanding middle-class population. the rising disposable incomes, growing demand for convenience-based and sustainable packaging solutions, and development plans in the region are key factors behind the forecasted growth.