Press Release

The GCC Packaging Market to Surge at a CAGR of Around 4.3% during the forecast period

The GCC Packaging Market is anticipated to grow at a CAGR of about 4.3% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market expansion is attributed to rising demand for packaged goods in a variety of sectors, including food and beverages, pharmaceuticals, and personal care products. Rapid urbanization and changing lifestyles are resulting in increased consumption and a trend toward convenience-oriented products, fueling the demand for efficient and creative packaging solutions throughout the region.

Furthermore, the GCC countries have experienced a rapid surge in tourist arrivals as a result of favorable government policies and reforms in countries such as the UAE and Saudi Arabia. Furthermore, large events in GCC countries, such as the FIFA World Cup 2022 and the Dubai Expo 2022, have boosted tourism in the GCC region. Tourists frequently want convenient, ready-to-eat, or grab-and-go food items to fit their travel schedules and explore local sights without sacrificing nutrition or taste. This, in turn, is driving up demand for a wide variety of packaged foods, such as snacks, beverages, pre-prepared meals, and specialty items. As a result, packaging companies are seeing increased demand for new packaging solutions that assure food safety, freshness, and portability, driving market growth & expansion.

Moreover, the region's need for pharmaceutical products is being driven by a growing population, rising healthcare expenditures, and an increase in chronic illness prevalence. Strong economic development and government measures to diversify the economy have boosted investments in healthcare infrastructure and pharmaceutical manufacturing facilities. As the region's position as a pharmaceutical manufacturing hub grows, so does the demand for high-quality packaging solutions to assure medical product safety, integrity, and regulatory compliance. Packaging businesses are responding by providing customized solutions tailored to the specific needs of pharmaceutical items, such as tamper-evident packaging, child-resistant containers, and temperature-sensitive packaging for biologics and vaccines, thereby driving market growth, further states the research report, “GCC Packaging Market Analysis, 2024.”

The GCC Packaging Market is anticipated to grow at a CAGR of about 4.3% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market expansion is attributed to rising demand for packaged goods in a variety of sectors, including food and beverages, pharmaceuticals, and personal care products. Rapid urbanization and changing lifestyles are resulting in increased consumption and a trend toward convenience-oriented products, fueling the demand for efficient and creative packaging solutions throughout the region.

Furthermore, the GCC countries have experienced a rapid surge in tourist arrivals as a result of favorable government policies and reforms in countries such as the UAE and Saudi Arabia. Furthermore, large events in GCC countries, such as the FIFA World Cup 2022 and the Dubai Expo 2022, have boosted tourism in the GCC region. Tourists frequently want convenient, ready-to-eat, or grab-and-go food items to fit their travel schedules and explore local sights without sacrificing nutrition or taste. This, in turn, is driving up demand for a wide variety of packaged foods, such as snacks, beverages, pre-prepared meals, and specialty items. As a result, packaging companies are seeing increased demand for new packaging solutions that assure food safety, freshness, and portability, driving market growth & expansion.

Moreover, the region's need for pharmaceutical products is being driven by a growing population, rising healthcare expenditures, and an increase in chronic illness prevalence. Strong economic development and government measures to diversify the economy have boosted investments in healthcare infrastructure and pharmaceutical manufacturing facilities. As the region's position as a pharmaceutical manufacturing hub grows, so does the demand for high-quality packaging solutions to assure medical product safety, integrity, and regulatory compliance. Packaging businesses are responding by providing customized solutions tailored to the specific needs of pharmaceutical items, such as tamper-evident packaging, child-resistant containers, and temperature-sensitive packaging for biologics and vaccines, thereby driving market growth, further states the research report, “GCC Packaging Market Analysis, 2024.”