GCC Disposables (Single-Use) Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The GCC disposables (single-use) packaging market is expected to register a CAGR of 4.5% during the period (2022 - 2027). Growth in the urban population and the consequent increase in demand for food services significantly impact the market's growth.
Key HighlightsThere is increasing competition among local vendors in the market. Owing to a wide range of suppliers of food service disposable, buyers have the option to choose from multiple vendors. The market has also witnessed international players' expansion. The local packaging companies often operate with tighter margins than the foreign vendors, owing to fluctuations in raw material prices, high labor costs, and intense competition from foreign suppliers. Foreign suppliers benefit from several technological advancements in packaging. The market concentration is fragmented with the presence of various players.
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