Market Share of GCC Disposables (Single-Use) Packaging Industry
The GCC Disposables (Single-Use) Packaging Market is fragmented with many players in the industry, such as Huhtamaki Oyj, Falcon Pack, Hotpack Packaging LLC, and more. Additionally, the region has seen the introduction of various multinational fast-food chains, offering a wide variety of food services, leaving consumers with ample options. In addition to the top GCC economies, nations like Qatar, Kuwait, and Bahrain offer a promising area for investment in the food service industry.
In May 2023, the manufacturer of disposable packaging products based in the UAE, Hotpack, signed a contract with Maxbyte, a provider of industrial digital, robotics, and training solutions, to digitally transform all 15 of its plants there and in other nations. Three of Hotpack's plants in Umm Al Quwain, National Industries Park, and Dubai Investments Park 2 will undergo the first phase of the company's Industry 4.0 transformation roadmap. At the end of the three to five-year term, the transformation roadmap's ultimate objective is to have reached the highest degree of Industry 4.0 maturity. Hotpack eventually wants to digitize all 15 manufacturing facilities to become a smart, connected, and sustainable business.
In April 2023, Hotpack Global announced intentions to develop one of the world's largest sustainable packaging plants in Saudi Arabia. With a projected expenditure of SAR1 billion (USD 0.26 million), the facility will be constructed over seven years on a 2.4 million square foot of land.
GCC Disposables (Single-Use) Packaging Market Leaders
Jebel Pack LLC
Detpak - Detmold Group
Falcon Pack
Precision Plastic Products Co. (LLC)
Freshpack LLC
*Disclaimer: Major Players sorted in no particular order
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