The GCC folding Carton market was valued at USD 1933.09 million in the previous year and is expected to grow at a CAGR of 4.79% during the forecast period to become USD 2570.42 million by the next five years. Folding cartons are one of the most versatile and cost-effective formats to package and deliver goods, with diverse possibilities for offering a visually appealing product.
The market is fragmented with the presence of domestic players such as Gulf Carton Factory Co., NASR Packaging & Printing Co., Obeikan Folding Carton, Noor Carton & Packaging Industry, Queenex Corrugated Carton Factory, and more. The companies have a competitive advantage through innovations in the industry owing growing need for folding cartons in the industry.
In March 2023, Obeikan collaborated with many prominent technology leaders at Leap 2023, one of the prestigious and recognized technology trade fairs, sharing positive experiences in accelerating the pace of digital transformation. The company has a strong position in manufacturing and is a leading provider of fully integrated packaging solutions in the MENA region. There is an increasing focus on digital transformation, providing B2B, B2C, and B2G business and industry solutions.
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