Market Size of GCC Rigid Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.73 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Rigid Packaging Market Analysis
GCC rigid packaging market was valued USD 17.12 billion in 2020 and is expected to register a CAGR of 5.73% during the forecast period (2021-2026). Favorable economic and demographic trends, an increase in personal disposable income, and the expansion of economies are key factors that contribute to the expansion of market studied in various countries.
- Rise in demand for domestically manufactured goods has led to a rise in demand for effective rigid packaging solutions, thus driving the growth of the rigid packaging market in major countries within GCC.
- The high per capita income and younger demographic profile of GCC nations have a positive effect on the demand for high-value luxury goods and electronics goods. The working expatriate population is the reason for the increase in demand for consumer goods. Additionally, the regional governments have been emphasizing to improve their infrastructure to bring in an influx of tourists to their countries.
- Government support for domestic food production is continuing to reduce reliance on imports, which is supporting the growth of the local food and beverage providers.
