UAE Alcoholic Beverage Packaging Market Outlook (2018 to 2032)
Synopsis
The above chart is UAE Alcoholic Beverage Packaging Market Outlook (2018 to 2032)
Market Dynamics
the united arab emirates (uae) is on the brink of a revolution in alcoholic beverage packaging. this is due to a number of factors such as the increasing popularity of craft beer, novel trends in packaging and consumer preferences, and a series of government regulations and initiatives that are paving the way for this transformation.
the country’s food and beverage sector currently accounts for more than $14 billion in annual revenues, a figure which is expected to grow at a compounded annual growth rate (cagr) of 5.6% over the next four years. this is creating an opportunity for the uae’s alcoholic beverage industry to capitalize on, and take advantage of the country’s culture of fine dining and luxury imbibing.
packaging for alcoholic beverages has long been a traditional affair, with the bottles, cans, and boxes that are typically seen in the uae and the wider middle east fitting into a certain aesthetic that has been established over many years. yet, the craft beer movement is creating an opportunity to switch up the traditional packaging trends, offering unique, innovative, and attractive designs that have the potential to capture the attention of younger generation of drinkers. the presence of established international craft beer brands such as brewdog, beavertown, and the keystone indicate that the uae is ready for more than just traditional lager and ales, and that craft beer packaging presents a unique and creative challenge that the beverage manufacturers must take on.
the uae is also looking to capitalize on the rise of premium and luxury packaging, which allows for alcoholic beverages to stand out from the crowd with unique shapes, labels, and glassware designs. the use of premium and luxury packaging was traditionally more common in the wine industry, but these trends are slowly permeating through the uae’s other alcohol markets, such as spirits, beer, and rtd drinks. the success of premium and luxury packaging in the region indicates that there is potential for alcoholic beverage manufacturers to expand into more creative and innovative packaging endeavors, which can help to differentiate their product from the competition.
as a result, the uae’s alcoholic beverage industry is showing signs of transformation, with more manufacturers capitalizing on the multitude of opportunities that innovative and creative packaging presents. this transformation is only set to accelerate, driven by a combination of cultural trends, consumer preferences, and government regulations. it is an exciting time for the uae’s alcoholic beverage industry and one that is full of potential, which will only be realized with the right packaging strategies in place.