“GCC PET Packaging Market Report: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC PET packaging market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
PET, or polyethylene terephthalate, refers to a lightweight plastic that is manufactured by melting pellets of the PET resin and extruding the molten liquid into the desired shapes. It usually exhibits high dimensional stability and resistance to moisture, solvents, alcohols, etc., while providing a moderate amount of resistance to dilute alkalis and halogenated hydrocarbons. PET packaging is non-breakable, durable, thermally stable, etc. It aids in preventing the deterioration of packaged material and ensuring quality maintenance. Consequently, PET packaging finds extensive applications in several industries, including food and beverage (F&B), personal care, pharmaceuticals, etc., across GCC countries.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
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GCC PET Packaging Industry Trends and Drivers:
The growing consumer inclination towards recycling plastic waste and the implementation of stringent regulations by government bodies that mandate the use of such activities are primarily driving the GCC PET packaging market. Additionally, continuous improvements in transportation and distribution infrastructures and the rising investments in packaged food production are further catalyzing the market growth. Besides this, the widespread adoption of PET packaging, owing to its low production and shipping costs, minimal waste and storage, ease of transportation, etc., and the inflating popularity of reusable and recyclable packing solutions are acting as significant growth-inducing factors. Moreover, the escalating demand for carbonated beverages and various ready-to-eat food items, particularly among the millennial population, and the development of customized and different-sized packs for brand differentiation are also positively influencing the regional market. Apart from this, numerous technological advancements, such as the introduction of plasma-based coating that makes bottles more impervious, are anticipated to fuel the GCC PET packaging market over the forecasted period.
Read Also: GCC School Stationery Supplies Market Report
GCC PET Packaging Market Segmentation:
The market is segmented in on the basis of type, end use and region.
Type
End use
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the GCC PET packaging industry with the leading players profiled in the report.
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