Market Size of Qatar Printing and Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.29 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Printing and Packaging Market Analysis
The Qatar printing and packaging market is expected to reach a CAGR of 4.29% during the forecast period (2020 - 2025). The Packaging market is growing in the country due to continuous growth in its end-use sectors such as food, retail, consumer goods, pharmaceuticals, etc. Moreover, technological proliferation and rising applications across multiple end-use segments are anticipated to encourage the demand for printing prints on materials such as business forms, financial printing, books & magazines, and labels & packaging.
- Processed food such as chilled processed meat, frozen processed meat, etc. further drives the country's market due to people's busy lifestyles over the years. Moreover, the growing popularity of processed meat-based food products among the younger generation, and the rising demand for organic food products, among others, are the major factors driving the food packaging market in the country. Furthermore, the need for industrial packaging in the country is likely to remain robust, owing to the improving situation of international trade.
- Moreover, with the increasing demand for packaging in the country, several players seek the opportunity to invest in the country to capture the market share. For instance, the Sarten group, a Turkish packaging company, is set to expand its operations in Qatar, including setting up a factory to provide packaging solutions to Qatar's rapidly growing manufacturing sector, especially the fast-moving consumer goods producers.
- The growth of the print label market in the country is augmented by the rapid rise of digital print technology, which has made the label printing market more sophisticated and has increased the adoption of digital print labels. Their flexibility and versatility, along with the high graphics standards, are the major growth features.
- However, the emergence of the COVID-19 outbreak across the globe is significantly impacting the printing industry. The first impact can be considered on the commercial printing companies supplying to trade fairs/exhibitions or meetings and events and a large amount of which got canceled at the last moment in the country. Moreover, packaging manufacturers are facing supply chain disruption along with decreasing manufacturing at the sites due to lockdown.
