Gcc (Gulf Cooperation Council) Flexible Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The GCC (Gulf Cooperation Council) flexible packaging market is anticipated to register a CAGR of 6.32% over the forecast period. Economic expansion and increased disposable incomes among the workforce are expected to drive market growth in the region during the forecast period.
Key HighlightsThe GCC Flexible Packaging Market has a broad portfolio of suppliers from the local and international markets. This factor leads to high competition among the vendors. Due to the absence of multiple distribution channels, the vendors directly interact with the end-users to sell their products. This scenario leads to long-term deals with end-users. Hence, the vendors often choose to retain or make new clients through competitive pricing strategies. Additionally, as most of the packaging material is sourced from imports, there is high competition among the suppliers to capture a limited number of players in the market. This factor intensifies the competitive rivalry among local and foreign manufacturers.
Some prominent players in the market include Huhtamaki Flexibles UAE, ENPI Group, Arabian Packaging Co. LLC, Amber Packaging Industries LLC, and Rotopacking Materials Ind. Co. LLC, among others.
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