UAE Packaging Market Analysis includes Size, Demand, Applications, Key Insights 2020 to 2026

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Global UAE Packaging Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Gulfeast Paper & Plastic Industries LLC, Arabian Packaging(Al Ghurair Group), Amber Packaging Industries L.L.C., Rotopak U.A.E, Hotpack Packaging LLC, Interplast Co Ltd., Huhtamaki Oyj, Fujairah Plastics Factory, Emirates Printing Press LLCa

Market Overview-

The UAE packaging market was valued at USD 2675.25 million in 2019 and is expected to reach a value of USD 3510.06 million by 2025, recording a CAGR of 4.6% during the forecast period of 2020-2025. The United Arab Emirates, in collaboration with Saudi Arabia, invested AED 5 billion toward several food security initiatives, which open several market opportunities for the packaging industry in the country.

– The investments into manufacturing are majorly spurred by the recent economic slowdown caused by low crude oil prices and reduced activity in the upstream oil and gas industry. The years 2017 and 2018 had a severe impact on the countrys economy.
– Following the crisis, the Abu Dhabi government, on June 2018, announced an AED 50 billion economic stimuli to strengthen its manufacturing front as well as to draw foreign investments into several industrial sectors in the country. The country also took some measures to attract foreign investors by relaxing rules on foreign ownership and corporate fines by creating an investor-friendly environment for foreign companies.
– Moreover, the trend of economical smaller packages and super-saver bulk packages are highly adopted in the food and beverage industry. For instance, as of 2018, Nutella launched a 750gm format in spreads in the UAE market. These packs are proving to be increasingly popular, as they offer better value to the consumer.
– Further, the standardization of the Made in UAE initiative, which introduces the local manufacturers to the global market, is helping the country to reduce its reliance on imports and to strengthen its export potential. The positive growth of this kind in the manufacturing sector encouraged considerable investments in the packaging industry.
– However, the regions unstable economy and decreasing oil prices may hinder the growth of the market.

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Scope of the Report

UAE Packaging is considered as the vertical application of IoT capabilities, and therfore refers to the integrated application of modern technologies and management strategies in the transportation systems. These technologies are aimed at providing innovative services related to different modes of transport and traffic management. It enables the users to be better informed and make safer and better use of transport networks.

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa

Key Market Trends

Retail Segment to Execute a Significant Growth Rate Over the Forecast Period

– The retail segment is one of the largest contributors to Emirates non-oil economy. According to the UAE Monthly Dashboard of August 2018 published by the Ministry of Foreign Affairs and International Cooperation, retail trade, along with the wholesale and repair services, accounted for 17% of the total non-oil GDP of the country.
– With the increase in the number of discount outlets, the number of private-label lines offered by these retailers also increased rapidly. This has created considerable demand for packaging products in the Emirates at the SME level, in the past few years.
– The e-commerce firms, such as Noon, Souq, Ounass, and Nashimi enacted a range of initiatives, aside from discounted prices, to improve the range of products offered and delivery options. The same same-day and next day delivery services offered by several e-commerce players in the country have attracted several consumers to shop online.
– Moreover, with high mobile and internet penetration and highest expenditure by online shoppers with USD 1,648 (average purchasing power/ year), the country provided an excellent growth platform for the e-commerce industry/internet retail. It is estimated that e-commerce was responsible for 3% of total retail sector sales in the country, in 2018.
– However, the estimates in 2018 of Dubai Chamber suggested a 17% growth in the UAE retailing market by 2021 (from 2018) by creating several opportunities for the packaging market in the country.

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Food and Beverages Sector to Account for a Significant Demand

– According to Dubai Exports, the United Arab Emirates accounts for a large number of food and beverage manufacturing units, 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 franks, and reconstituted juices, are generally exported in rigid containers, which are in high demand from the countrys food processing sector
– In most cases, these products are targeted for exports to the EU market. Hence, to meet stringent packaging regulations imposed by the EU, the local food processors and contract packaging companies have a high preference for rigid packaging solutions for such exports.
– Additionally, some locally produced foods are of very high quality at competitive prices. Over the forecast period, as the number of food processing companies is expected to increase, locally produced products are likely to compete with imports of consumer-ready foods, creating considerable demand for price in competitive packaging from the local food manufacturers.
– Further, the growing internet retailing and omnichannel vendors in the region are further expected to boost the production of food and beverage in the country. According to the recent statistics from the Dubai Chamber of Commerce and Industry, internet retailing in the country is growing rapidly. In 2018, the sector witnessed growth by 19%, reaching AED 360 million, representing a CAGR of 65% from 2013 to 2018.
– Moreover, the e-commerce sector also enables cross-border retailing of products that are expected to improve the demand for secondary packaging from the food and beverage industry over the forecast period.

Recent Updates-

– April 2019 – Huhtamaki launched blue loop to enable circular packaging models and respond to the consumer demand for sustainable packaging. Huhtamaki blue loop is a platform aiming to make flexible packaging circular and introduce a range of recyclable solutions with mono-material structures utilizing PP, PE, and paper.
– February 2018 – INDEVCO Paper Containers acquired the SCA Arcwise license to produce the first curved corrugated packaging in the Middle East and North Africa (MENA). In addition to making the product stand out through its attractive shape and design, the new curved packaging solution enables better stacking strength compared to straight-edged packaging. It also offers a better grip, minimizing the movement of products inside the package during transportation.

Major points covered in this research are:-

─UAE Packaging Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Global Market Size (Value) of UAE Packaging (2020-2025)

─Global UAE Packaging Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Global UAE Packaging Production, Revenue (Value), Price Trend by Type

─Global UAE Packaging Market Analysis by Application

─Global UAE Packaging Manufacturers Profiles/Analysis

─UAE Packaging Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global UAE Packaging Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this UAE Packaging report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent UAE Packaging product development and gives an outline of the potential Global market.

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