Press release
UAE Packaging Market 2020 Business Scenario - Amber Packaging Industries L.L.C., Rotopak U.A.E, Interplast Co Ltd., Huhtamaki Oyj
UAE Packaging Market - Growth, Trends, And Forecast (2020 - 2024)The report presents an in-depth assessment of the UAE Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for UAE Packaging investments from 2020 till 2024.
The UAE packaging market was valued at USD 2557.6 million in 2018 and is expected to reach a value of USD 3355.7 million by 2024, recording a CAGR of 4.6% during the forecast period 2019- 2024.
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The UAE Packaging market is highly competitive and consists of a number of major players. Companies, like 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 LLC among others.
Scope of the Report
Packaging refers to the process of designing, evaluating, and producing packages. Packaging can be described as a coordinated system of preparing goods for transport, warehousing, logistics, sale, and end use. In many countries, it is fully integrated into government, business, institutional, industrial, and personal use.
Latest news and developments:
June 07, 2019: Huhtamaki launches blueloop to enable circular packaging models and respond to consumer demand for sustainable packaging. Huhtamaki blueloop is a platform aiming to make flexible packaging circular, and introduces a range of recyclable solutions with mono-material structures utilizing PP, PE and paper. By promoting mono-materials, avoiding critical polymers like PVC and adopting a holistic approach to package design products can be made recyclable, sustainable and smart. The new Huhtamaki blueloop solutions are mono-material structures made from PP, PE and paper, building on the standard materials that are widely recycled and will have an economically viable use after collection.
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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 Emirate's non-oil economy. According to the UAE Monthly Dashboard of August 2018 published by the Ministry of Foreign Affairs and International Cooperation, the 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 discounter 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 an 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 only discounting prices, in order 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 1648 (average purchasing power/ year), the country provided an excellent growth platform for the e-commerce industry/internet retail in the Emirates. It is estimated that e-commerce was responsible for 3% of total retail sector sales in the country in 2018.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/08071392774/uae-packaging-market-growth-trends-and-forecast-2019-2024?Source=Openpr&Mode=R15
The key insights of the Packaging Market report:
The report provides key statistics on the market status of the Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2024 market development trends of Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Packaging Industry before evaluating its feasibility.
Finally, Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Browse Related Reports:
Contract Packaging Market:
https://www.marketinsightsreports.com/reports/08071390526/contract-packaging-market-growth-trends-and-forecast-2019-2024/inquiry?Source=Openpr&Mode=R15
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides UAE and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Media Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
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