Market Size of UAE Corrugated Board Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.26 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Corrugated Board Packaging Market Analysis
The UAE Corrugated Board Packaging market is expected to register a CAGR of 4.26% during the forecast period. Corrugated packaging is becoming more popular because of the country's growing e-commerce industry penetration, rising environmental consciousness among consumers, and the demand for sustainable packaging options.
- Government and regulatory bodies in the nation are becoming increasingly concerned about sustainable packaging and its financial advantages. This element is also fueling the studied market's expansion. As the government took significant steps to urge citizens to lessen their environmental impact, Abu Dhabi retailers started phasing out plastic packaging from June 2022.
- The population's growing environmental consciousness and demand for convenient, environmentally friendly packaging options (partially offset by new single-use packaging regulations in some countries) contribute to the market's accelerated growth. Other significant factors include the expanding e-commerce market, rising demand for electronic goods, home and personal care products, economic growth, and rising per capita income.
- The country also has a high rate of packaged food and beverage consumption, owing to urbanization and a rising number of tourists and expiates that often prefer safer processed foods. Also, the country has stringent packaging regulations regarding food and beverages. The increasing demand for packaged food in the country is augmenting the demand for corrugated board packaging.
- Sustainable packaging is often more expensive than conventional packaging. Many companies prefer paper packaging as a suitable alternative to plastic and metal as it is on the lighter side, eco-friendly, and recyclable. However, the corrugated packaging industry is facing challenges as the prices of its primary raw material, kraft paper, have started shooting up.
- The COVID-19 pandemic disrupted the supply of raw materials in manufacturing corrugated boxes across the country, consequently affecting prices. The rise in paper prices due to short supply and restriction in imports pushed the cost of corrugated boxes and packaging materials, worrying the industrialists.
