United Arab Emirates Plastic Packaging Market is growing at a CAGR of 5.0% during the forecast period. Plastic packaging has changed the ways in which the packaging industry functions. Packaging solutions that are lightweight, durable, and comfortable are some of the factors that have augmented the use of plastics as a packaging material across the world.
Plastic consumption in the United Arab Emirates exceeded 100 kg per person. The plastics consumption per capita shows an upward trend over the past decade in the United Arab Emirates, mainly due to the development of new products and material substitution in established markets. In many cases, plastics are still the material of choice, irrespective of metals, paper, etc., in a range of standard products. Also, plastics are the third most exported commodity in the United Arab Emirates.
Moreover, the standardization of the ‘Made in UAE’ initiative, which introduces the local manufacturers to the global market, is helping the country to reduce its reliance on imports and strengthen its export potential. The growth of this kind in the manufacturing sector encouraged considerable investments in the packaging industry. Most of the investments in the packaging sector are made toward adjusting their packaging practices to the country’s current economic situation and evolving standards. With low purchasing power, the country’s retail sector witnessed several changes in consumers’ behavior.
source : https://www.mordorintelligence.com/