GCC Green Packaging Market Overview:
The GCC green packaging market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Green packaging is a sustainable method of packing items using eco-friendly products to reduce harmful environmental impact. It comprises outer coverings, storage boxes, and wrappers for various consumer goods, food and beverage products, and apparel items. It is made from recycled plastics and papers, bioplastics, jute, starch-based biomaterials, corrugated bubble wraps, mushroom-based packaging, organic fabrics, and refurbished products. It reduces the carbon footprint and emissions of various toxic chemicals into the environment effectively. It lowers dependence on landfills as green packaging is biodegradable and recyclable. It consumes less water and energy to manufacture and is extremely versatile and flexible. Green packaging is used by businesses to improve their brand image, enhance the overall look of products, and reduce transportation costs. As it is safe and affordable, it is extensively utilized in the food and beverage (F&B), electronics, e-commerce, clothing, footwear, agriculture, pharmaceutical, and cosmetics industries in the GCC region.
The growing demand for green packaging due to its cost-effectiveness and sustainability represents one of the key factors driving the market in the GCC region. Besides this, the rising environmental awareness among the masses is strengthening the growth of the market across the region. In addition, governing agencies of the GCC region are introducing stringent policies for brands and industries to use renewable packaging for their products, which is propelling the growth of the market. Apart from this, the growing utilization of green packaging in the e-commerce industry to wrap products before shipping, coupled with the rising online shopping activities of individuals, is offering a favorable market outlook in the GCC region. Moreover, the key players operating across the region are investing in research and development (R&D) activities to enhance the quality of green packaging, which is bolstering the growth of the market.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC green packaging market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC green packaging market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC green packaging market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC green packaging market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC green packaging market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC green packaging market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC green packaging market industry. Furthermore, the value chain analysis of the GCC green packaging market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Green Packaging Market Segment Insights:
The GCC green packaging market has been analysed as followed:
By Packaging Type:
By End Use Industry:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Green Packaging Market Report:
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