GCC PET Packaging Market Size, Demand, Growth, Statics and Forecast 2023-2028

IMARC Group has recently released a new research study titled "GCC PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

What is the market of PET packaging in GCC?

The GCC PET packaging market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.56% during 2023-2028.

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What is PET packaging?

PET packaging is a type of packaging made from polyethylene terephthalate (PET) resin, which is a lightweight and durable material. PET packaging is widely used in the food and beverage industry for packaging products, such as water bottles, soft drinks, juices, and food containers. PET packaging is popular due to its excellent barrier properties that prevent the ingress of oxygen, moisture, and other contaminants, ensuring that the products remain fresh and hygienic for a longer period. PET packaging is also recyclable, thus making it an environmentally friendly option for packaging.

What are the growth prospects and trends in the GCC PET packaging industry?

The expanding tourism industry in the region, particularly in countries like the United Arab Emirates (UAE) and Saudi Arabia, represents a key factor driving the market growth across the region. This, coupled with the increasing demand for PET packaging for use in hotels, restaurants, and cafes is acting as a major growth-inducing factor. In line with this, the increasing population and rising disposable incomes in the region are fueling the demand for packaged food and beverages, which is driving the adoption of PET packaging.

The market is also driven by the increasing focus on sustainability and eco-friendliness, which is facilitating the adoption of PET packaging as it is a recyclable and environmentally friendly option. Other factors, such as the rise in the e-commerce industry, the increasing investment in the manufacturing sector in the region, and the development of advanced PET packaging technologies and materials are, creating a positive outlook for the market.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Packaging Type:

• Rigid Packaging
• Flexible Packaging

Breakup by Form:

• Amorphous PET
• Crystalline PET

Breakup by Pack Type:

• Bottles and Jars
• Bags and Pouches
• Trays
• Lids/Caps and Closures
• Others

Breakup by Filling Technology:

• Hot Fill
• Cold Fill
• Aseptic Fill
• Others

Breakup by End User:

• Beverages Industry
• Bottled Water
• Carbonated Soft Drinks
• Milk and Dairy Products
• Juices
• Beer
• Others
• Household Goods Sector
• Food Industry
• Pharmaceutical Industry
• Others

Breakup by Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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