UAE Rigid Plastic Packaging Market, By Type (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC), Other Rigid Plastic Materials); By Product Type (Bottles & Jars, Trays & Containers, Caps & Closures, Other Product Types); By End-User Industry (Food, Beverages, Healthcare & Pharmaceutical, Cosmetics & Personal Care, Other End-use Industries), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
UAE Rigid Plastic Packaging Market Size Set to Touch USD 3.22 Billion by 2029
UAE rigid plastic packaging market is gaining traction because of a spurring demand for oxo-degradable plastics with new regulations and for rigid plastic packaging solutions across end-user industries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE rigid plastic packaging market size at USD 2.45 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the UAE rigid plastic packaging market size to grow at a CAGR of 4.61% reaching a value of USD 3.22 billion by 2029. The increased demand for food, beverages, and personal care items as well as their rising domestic production are major development factors for the UAE rigid plastic packaging market. During the forecast period, it is projected that the low price and high strength of this rigid plastic packaging would play a significant role in driving the market's growth.
UAE Rigid Plastic Packaging Market – Overview
Rigid plastic packaging refers to the use of plastic materials in the packaging of new bottles and containers. Denser and thicker materials, such as polyethylene terephthalate (PET), polypropylene (PP), and high-density polyethylene (HDPE), are used to make rigid plastic packaging. These materials are lightweight, durable, and versatile. Rigid packaging also gives products support and structure. Therefore, these materials are used to acquire the desired shape and design. Plastic jars, bottles, drums, pottery, boxes, tins, plastic pots, tubes, and other rigid objects are often made of rigid plastic. Rigid plastic packaging is also used to package a variety of healthcare products, medical equipment, and personal care items.
UAE Rigid Plastic Packaging Market
Segmental Information
UAE Rigid Plastic Packaging Market – By Product
Based on product, the UAE rigid plastic packaging market is segmented into bottles & jars, trays & containers, caps & closures, and other product types. The bottles & jars segment holds the largest share in the UAE rigid plastic packaging market by product. Bottle & jars are used in the packaging of various products, including carbonated soft drinks, water, juices, cosmetics, and other personal care products. Plastic bottle & jar packaging offers easy storage and is cost-efficient. Furthermore, they are easily customizable, allowing the packagers to attain attractive packaging.
Impact of COVID-19 on UAE Rigid Plastic Packaging Market
The unprecedented COVID-19 pandemic had a mixed impact on the UAE rigid plastic packaging market. The demand for packaged food and beverage items spiked during the pandemic due to the imposition of lockdown and remote working. Furthermore, food items were considered essential items, and therefore, their production was not impeded during the pandemic but rather expanded. As a result, the demand for rigid plastic packaging surged, resulting in significant market growth. However, restrictions on cross-border trade caused a shortage of raw materials for rigid plastic packaging manufacturers, which posed huge challenges to market growth.
Competitive Landscape
Major players operating in the UAE rigid plastic packaging market include Al Amana Plastic Bottles & Containers Manufacturing LLC, Interplast Co. Ltd. (Harwal Group), Petco Gulf FZE, Amber Packaging Industries LLC, Shubham Plastics FZE, Uni Cap, Gulf East Paper and Plastic Industries LLC, Duplas Al Sharq LLC, Bright Plastic, Nilkamal Plastics, Royce Plastics International FZE, and Eterna Plastic Manufacturing Co. LLC.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the UAE Rigid Plastic Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE Rigid Plastic Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.