Market Size of United Arab Emirates Metal Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.62 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UAE Metal Packaging Market Analysis
The UAE metal packaging market is anticipated to register a CAGR of 4.62% during the forecast period. The market is anticipated to increase significantly during the forecast period, owing to increasing urbanization and rising disposable income. A rapid trend toward healthier lifestyles and growing standards of hygiene and wellness is further anticipated to drive the market in the United Arab Emirates.
- Metal packaging options, like aluminum and steel cans, provide superior strength, are durable, and are rigid compared to other materials like glass or steel. The key characteristics of these metal containers are rather significant in packing and distributing various edible and non-edible commodities. Producers of several products always strive to provide clients with the ideal experience possible when handling completed items. Metal packaging solutions help clients accomplish their objectives since they can endure even the roughest handling, jerks, and jolts without endangering their safety.
- Further, recycling metals generally result in minimal unnecessary waste. This benefits the environment. Metal packaging solutions have shown to be an ideally acceptable material on this front, as several organizations around the nation are emphasizing the use of recyclable materials in the packaging business. For instance, Sharjah-based Pan Gulf International Metals Industry LLC is one of Asia's prominent ferrous and non-ferrous metal scrap processors, with operations in many other nations. PGI Group recycles any volume and recyclable metal waste. According to the business, more than 200,000 MT of volume is recycled annually.
- Metal packaging is significantly more resistant to wear and tear, time, damage, bumps, or friction the product may experience during usage or shipping. Additionally, it has long been considered an ideal method for preserving food in emergencies. In addition to oil, UAE exports mainly dates and food products to other countries, where premium and food-preservable packaging is preferable, for which metal containers would be the ideal choice.
- The market for metal packaging is quickly shifting due to growing environmental concerns. Government initiatives like the plastic ban also assist the market's expansion. The market's growth has increased the need for metal packaging due to the expanding food and beverage industry. Further, the rising need for packaging in aerosol packaging in the paint and chemical industries drives metal packaging demand. However, the market's expansion is anticipated to be constrained by factors, including rising material costs and environmental problems associated with mining metals such as steel and aluminum.
- Metal packaging sales declined due to the COVID-19 pandemic's negative market impact. The pandemic hampered supply chains and forced market participants to shut down their production facilities while under lockdown. However, the demand for effective eco-friendly packaging options for food and drink is driving market expansion. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.