GCC Paper Products Market Overview:
The GCC paper products 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. Paper products are manufactured from recycled paper or paper pulp. They comprise a wide variety of useful items, such as cutlery, tableware, cups, plates, storage boxes, napkins, toilet rolls, kitchen towels, greeting cards, bags, and functional paper. They are biodegradable and reduce the accumulation of waste in landfill and levels of greenhouse emissions. They are free from toxins, bleaches, chemicals, and dyes and retain the quality of the product stored in them. They are durable, easily available, and lightweight and assist in reducing deforestation. They prevent water and land pollution as they are easily decomposable. As paper products are recyclable and reusable, they are widely utilized in the food and beverage (F&B), e-commerce, electronics, agriculture, medical, chemical, and cosmetic industries in the GCC region.
The increasing demand for paper products due to the rising environmental concerns among individuals in the GCC region represents one of the key factors driving the market. In addition, the increasing online shopping activities of consumers, coupled with the burgeoning e-commerce industry, is positively influencing the market across the region. Besides this, the rising utilization of toilet paper and napkins to clean hands and surfaces is contributing to the growth of the market. Additionally, the growing demand for sustainable packaging of skincare and beauty products, as it is eco-friendly, durable, and provides an aesthetic appearance to the branding, is offering a favorable market outlook. Apart from this, the governing agencies in the GCC region are taking initiatives to encourage the usage of paper products and ban the production of plastic items, which is propelling the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to enhance the quality of paper products and expand their product portfolio. They are also focusing on mergers and acquisitions (M&A) to boost product sales in the GCC region.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC paper products 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 paper products market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC paper products market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC paper products 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 paper products market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC paper products 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 paper products market industry. Furthermore, the value chain analysis of the GCC paper products 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 Paper Products Market Segment Insights:
The GCC paper products market has been analysed as followed:
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 Paper Products Market Report:
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