GCC Labeling Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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GCC Labeling Market Analysis
The GCC Labeling Market was valued at USD 715.9 million in the previous year and is expected to reach a value of USD 975.1 million over the forecast period registering a CAGR of 5.3% over the forecast period.
- The necessity of labeling has significantly expanded over time due to technological improvements and the digital transition. The need for more rapid and automated labeling equipment is driving due to the shifting lifestyles. With the increasing demand for convenience and quality food products, individuals are opting for packaged food, where the product details and other components, such as nutritional values of the product and manufacture and expiry dates, need to be printed, driving the demand for labels market in the region.
- Further, the trenGCC'sGCC's food sector is the growing demand for healthier, organic options. Consumers in the region are becoming more health conscious and demand natural and organic products. This allows companies to offer healthier options and take advantage of this trend. Also, the growing popularity of plant-based vegetarian options is driving consumers to become more aware of a plant-bdiet'siet's environmental and health benefits, creating new opportunities for companies offering to provide all the information on the labels.
- The development of digital printing technology is rapidly penetrating the labeling market due to its cost-effectiveness and high-quality printing on industrial-sized digital presses. With the development of new digital technologies, such as UV inkjet and water-based inkjet, digital printing technology is becoming increasingly sophisticated.
- Additionally, demand for digital printing technology is witnessing demand across all consumer goods industries, including foods, beverages, consumer goods, and pharmaceuticals. The market is driven by continued increases in order volumes, lower supply-side inventory levels, shorter lead times to fulfill order volumes, and lower costs.
- Labeling machines play an essential role in the packaging industry, and numerous devices are available to buy that can help improve productivity and efficiency in any business. A significant initial investment is required to install labeling equipment. Setting up the labeling machines caused a restraint in the industry.
- The labels market was stable during COVID-19 due to increased food and pharmaceutical packaging demand. The COVID-19 outbreak has disrupted supply chains for various end-use industries, including food and beverage, healthcare, and industrial. The rise of e-commerce has fundamentally changed the way companies use packaging and unique labels. Demand for single-use packaging has surged over the past year, as many of these sales are direct to consumers rather than local stores. Again, security concerns and lack of availability in the supply chain have prompted online retailers to seek safer, more sustainable solutions to expedite orders consistent with standard health practices.
- The war between Russia and Ukraine has resulted in economic and supply chain disruptions, which impacted the packaging industry and, in turn, the labeling market. Moreover, the conflict between Russia and Ukraine caused disruptions in trade dynamics.
- Moreover, the war pushed oil prices to a high, leading to higher inflation and contracting economies worldwide. The Monetary Fund anticipates Gulf oil exporters to generate an additional USD 1.3 trillion in oil revenues over the next four years. Also, countries in the Gulf rely on food and energy imports, making them particularly vulnerable to economic shocks from the Ukraine crisis.
GCC Labeling Market Trends
Increase Demand for Labeling in Food and Beverage Sector
- The labeling market is expected to grow continuously, owing to the increased consumer and corporate interest in food labels poses issues for government officials, who must guarantee that the information on food packages is helpful, credible, and presented clearly so that the consumer is not missed. With the global food trade expansion, there is a greater need to standardize food labeling so that product information is easily understood and helpful to consumers in diverse countries.
- Moreover, as consumers are more conscious about product details, labels play a crucial role in providing information about the product and helping boost sales. Manufacturers are shifting to digital and automated labeling systems to meet the growing food and beverage industry demand.
- Companies operating in the food sector have unique labeling requirements and various packaging types. Finding a labeling solution that can adapt to, for example, semi-automatic and automatic labeling machines offer production consistency and accurate precision for companies to label their products.
- According to British Centers for Business, in January 2023, online food delivery services, such as Uber Eats and Deliveroo, significantly impacted the GCC's food sector. These platforms have made it easier for businesses to reach customers online, creating new opportunities for restaurants and grocers.
- Growing awareness regarding the functional benefits of ready-to-drink (RTD) beverages will boost the market's growth. Major players continuously innovate and target consumers through innovative advertising, strong positioning, and launching products with more functional benefits. This will create opportunities for Saudi Arabia's RTD beverages market in the forecast timeframe.
- The increasing tendency of shoppers to consume functional beverages is primarily due to increased demand for non-alcoholic beverages. Available drinks are popular with shoppers over sodas and fruit juices. To gain a foothold in the market, companies create innovations. Buyers are keen to pay a premium for the various benefits of functional beverages. Such trends toward healthy drinks are anticipated to drive the label market in the region further.
United Arab Emirates to hold a significant share
- Manufacturers of packaging and labels in the region, especially those in the UAE, are anticipated to have access to less expensive feedstock and raw materials, like crude oil and polypropylene, encouraging the production of locally. Packaging is consequently becoming more prominent in the e-commerce industry.
- Furthermore, the rising demand for food packaging is driving the market's growth in the country. Online orders for fresh food from restaurants and cafes have increased due to the COVID-19 epidemic. Manufacturers observed that this tendency had moved the industry's attention to upgrading the current product portfolio and developing more environmentally friendly packaging. This further leverages the labeling market in the country.
- For a country like the United Arab Emirates (UAE), urban development is a crucial concern for policymakers, planners, civil servants, and conservationists. The UAE has made steady progress in growth and development over the past three decades, fueled by unprecedented economic growth, high per capita income, and a thriving society. Among all the countries in the Persian Gulf, the UAE has emerged as a center of commerce, stability, security, and peace. According to the IMF, the country's projected 2023 GDP is anticipated to be 3.5%.
- The country has a growing labeling industry that is constantly attracting the interest of global suppliers. The number of Indian companies settling in the UAE has also increased. Aiming to go global, Indian label printers have begun to seek to use the UAE as a gateway to the international business world.
- Also, in January 2022, Bord Bia, the Irish food board, investigated consumer behavior in 13 nations to learn more about how various markets adjust to these developments. Interestingly, the UAE has taken the lead in prioritizing sustainability as a food and drink requirement, inadvertently accelerating a shift in consumer preferences about ethics and sustainability in the global marketplace.
GCC Labeling Industry Overview
The GCC Labeling market is highly fragmented, owing to the presence of various global and local industry players. Vendors in this market participate based on product portfolio, differentiation, and pricing. The major vendors like Mondi Group, CCL Industries, 3M, and Huhtamaki OYJ are the most prominent competitors operating in the market.
- March 2023- UAE-based Paramount Label Printing Press installed a new TR3 offset printing press from Iwasaki. The press was supplied by Vinsak, a regional packaging supplier and distributor of Iwasaki. Such innovations drive the labeling market in the country over the forecast period.
- May 2022 -Regarding sustainable packaging, Mondi has replaced all its glassine-based release liners with certified base paper. The modification results from the outcome of Mondi's continued, proactive effort to sustainability, which includes creating environmentally friendly alternatives.
GCC Labeling Market Leaders
CCL Industries Inc.
Mondi Group
3M Company
Huhtamaki OYJ
Brady Corporation
*Disclaimer: Major Players sorted in no particular order
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GCC Labeling Market News
- October 2022 - Sigma Middle East Labels Industries, based in the UAE, installed a Lombardi Synchroline530 flexopress. Vinsak, a local Lombardi presses dealer, provided the equipment. Vinsakincludes printing and packaging technologies throughout the Middle East and more countries.
- June 2022- Pure Beverage Industry Company announced the launch of Ival, a quality bottled drinking water locally produced from underground water wells in Saudi Arabia. With its sleek packaging using modern colors, water is produced in conformity with the highest global standards and specifications, using the latest equipment, locally and internationally, and innovative technologies. Such launches drive the market growth for labeling in the beverage industry.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
4.5 Import And Export Analysis
4.6 GCC Labeling - Government Regulations/Requirements
4.7 Labeling Equipment Suppliers
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Demand for Digitally Printed Labels
5.1.2 Increased Demand for Labeling in Food and Beverage Industries
5.2 Market Restraints
5.2.1 Increased Cost of Labeling Machines
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Pressure Sensitive Labels
6.1.2 Shrink Label
6.1.3 In-mold Labels
6.1.4 Other Types
6.2 By Print Technology
6.2.1 Offset Printing
6.2.2 Gravure Printing
6.2.3 Flexographic Printing
6.2.4 Other Printing Technologies
6.3 By End-user Industry
6.3.1 Food
6.3.2 Beverage
6.3.3 Healthcare
6.3.4 Cosmetics and Personal Care
6.3.5 Industrial
6.4 By Country
6.4.1 United Arab Emirates
6.4.2 Saudi Arabia
6.4.3 Qatar
6.4.4 Rest of GCC
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 CCL Industries Inc.
7.1.2 Mondi Group
7.1.3 3M Company
7.1.4 Huhtamaki OYJ
7.1.5 Brady Corporation
7.1.6 Taghleef Industries Inc.
7.1.7 Sigma Middle East Label Industries LLC
7.1.8 Print Pack Labels LLC
7.1.9 Honeywell International Inc.
- *List Not Exhaustive
GCC Labeling Industry Segmentation
The GCC labeling Market is segmented by type (Pressure Sensitive Labels, Shrink Labels, In-mold Labels, and Other Types). by application (Offset Printing, Gravure Printing, Flexographic Printing, and Other Print Technologies), by end users (Food. Beverage, Healthcare, Cosmetics, and Personal Care, Industrial) and Country (Saudi Arabia, United Arab Emirates, Qatar, Rest of GCC). The market sizes and forecasts are provided in terms of value (USD million) for all the segments.
| By Type | |
| Pressure Sensitive Labels | |
| Shrink Label | |
| In-mold Labels | |
| Other Types |
| By Print Technology | |
| Offset Printing | |
| Gravure Printing | |
| Flexographic Printing | |
| Other Printing Technologies |
| By End-user Industry | |
| Food | |
| Beverage | |
| Healthcare | |
| Cosmetics and Personal Care | |
| Industrial |
| By Country | |
| United Arab Emirates | |
| Saudi Arabia | |
| Qatar | |
| Rest of GCC |
Frequently Asked Questions
What is the current GCC Labeling Market size?
The GCC Labeling Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in GCC Labeling Market?
CCL Industries Inc. , Mondi Group , 3M Company , Huhtamaki OYJ and Brady Corporation are the major companies operating in the GCC Labeling Market.
What years does this GCC Labeling Market cover?
The report covers the GCC Labeling Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Labeling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Labeling Industry Report
Statistics for the 2024 GCC Labeling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Labeling analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
