DUBLIN – (BUSINESS WIRE) – The report “Packaging Market in the United Arab Emirates (UAE) – Growth, Trends, Impact of COVID-19 and Forecasts (2021-2026)” has been added ResearchAndMarkets.com to offer.
The UAE packaging market was estimated at $ 2813.5 million in 2020 and is projected to reach $ 6193.16 million at a CAGR of 4.6% over the forecast period 2021-2026.
Arabian Packaging Co. LLC
RAK Packaging Company Limited
Queenex corrugated cardboard factory
World Pack Industries LLC
Universal Cardboard Industries LLC
Express pack printing
Green packaging boxes IND.LLC.
Tarboosh Packaging Co LLC
Unipack Container & Carton Products LLC
Rotopack LLC (Indevco Group)
Al Rumanah packaging
Al Salam Carton Manufacturing LLC
Important market trends
Corrugated cardboard will achieve a significant growth rate in the forecast period
The reason for the accelerated growth of the corrugated packaging market in the United Arab Emirates lies in the increased environmental awareness of the population, the demand for sustainable packaging solutions, the demand for practical packaging (compensated by new one-way restrictions in some countries), growing e-commerce market and increasing demand for electronic goods and household and personal care products along with economic development and increasing per capita income. At the Paper Arabia trade fair in December 2018, 25% of the visitors were interested in the corrugated packaging segment, which was the highest of all segments.
In addition, the increasing penetration of the e-commerce sector in the country is paving the way for corrugated packaging. According to Visa, e-commerce transactions in the United Arab Emirates accounted for $ 16 billion in 2019. In addition, the United Arab Emirates has the largest annual spend per online shopper in the MENA region at $ 1,648.
The use of miniwell corrugated boxes in some end-user segments has allowed corrugated boxes to expand their presence, such as: B. cereal boxes and food packaging to take away. Another factor enabling corrugated cardboard to gain a share of cardboard boxes is the introduction of e-commerce-enabled packaging, which is replacing lightweight and easy-to-open cardboard boxes instead of cardboard boxes that can withstand the rigors of shipping.
The food and luxury food sector will generate considerable demand
According to Dubai Exports, the United Arab Emirates has a large number of food and beverage manufacturing facilities totaling around 575 units with a total investment of AED 39.5 billion. Products such as vegetable oil, canned beans, carbonated and non-carbonated beverages, chicken francs, and reconstituted juices are generally exported in rigid containers that are in high demand by the country’s food industry
In most cases these products are intended for export to the EU market. In order to meet the strict EU packaging regulations, local food processors and contract packaging companies therefore have a high preference for rigid packaging solutions for such exports.
In addition, some locally produced foods are of very high quality at competitive prices. As the number of food processing companies is expected to increase over the forecast period, locally produced products are likely to compete with imports of ready-to-use food, resulting in significant price demand in competitive packaging from local food manufacturers.
In addition, the growing internet retail and omnichannel providers in the region are expected to further boost the production of food and beverages in the country. Internet retail is growing rapidly in the country, according to the latest statistics from the Dubai Chamber of Commerce and Industry. In 2018, the sector grew 19% to AED 360 million, an annual growth rate of 65% from 2013 to 2018.
Key topics covered:
2 RESEARCH METHOD
4 MARKET INSIGHTS
5 Analysis of the industry’s value chain
6 Industry Attractiveness – Porter’s Five Forces Analysis
7 Regulatory Environment
8 MARKET DYNAMICS
8.1 Market overview
8.2 Introduction to Market Drivers and Restrictions
8.3 Market drivers
8.3.1 Growing acceptance of lightweight materials and leeway for printing innovations that drive growth in end-user segments such as electronics and personal care
8.3.2 Strong demand from the e-commerce sector
8.4 Market Restrictions
8.4.1 Concerns about material availability and shelf life of corrugated cardboard-based products
9 Effects of COVID-19 on the Market
9.1 (Supply chain scenario – increase in demand for e-commerce due to restrictions in offline trading – impact of end-user performance on short and medium-term growth forecasts – company developments)
10 UAE packaging landscape
10.1 Current market scenario
10.2 Needs analysis, by type of material
10.3 (cardboard, plastic, glass and metal)
10.4 Needs analysis, by end user industry
10.5 (food, beverage, industrial and other end-user sectors)
11 MARKET SEGMENTATION
12 Import – export analysis
12.1 Most important exporting countries (2014 – 2019)
12.2 Most important exporting countries (2014 – 2019)
13 COMPETITIVE LANDSCAPE
14 THE FUTURE OF THE MARKET
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