UAE Corrugated Board Packaging Market Synopsis
The UAE Corrugated Board Packaging Market has witnessed notable growth recently, driven by the expansion of the country's retail sector, particularly the thriving food and beverage market. Furthermore, the packaged food market has experienced an upswing due to rapid urbanization and an influx of tourists, resulting in an increased demand for corrugated board packaging. The COVID-19 pandemic has also had a positive impact on the packaging market, with heightened consumer reliance on online shopping due to mobility restrictions.
According to 6Wresearch, UAE Corrugated Board Packaging Market is projected to grow at a CAGR of 6.2% during 2024-2030. The Corrugated Board Packaging Market in the UAE is poised for growth in the coming years, driven by the increasing adoption of online sales channels, leading to the expansion of the retail sector. For example, there was a significant surge in online spending on groceries (73.1%), clothing (65.4%), and medicine (59.7%) in 2022. Additionally, the UAE E-commerce market is expected to reach approximately $46.8 billion by 2027, compared to the current market size of around $30.7 billion in 2023, with a year-on-year growth rate of approximately 11.2%. This growth is expected to create a substantial demand for corrugated board packaging, as companies are making significant investments in fulfilment centres. As an illustration, in 2022, Amazon inaugurated the largest fulfilment centre in the country, aiming to further boost its expansion. Furthermore, according to the Dubai Chamber of Commerce, the UAE's retail sales are anticipated to grow at a compound annual growth rate (CAGR) of 6.6%, reaching $70.5 billion by 2025. This forecasted growth in retail sales is expected to further boost the UAE Corrugated Board Packaging Market Growth.
Market Segmentation by Product Type
By Product type, slotted containers accounted for the highest market revenue share in 2023 on the back of its versatility, cost effective, stack ability and it being an environment friendly option as it can be recycled. Additionally, expanding e-commerce and retail sector is likely to increase the demand for corrugated board packaging during the forecast period owing to transportation, storage, and product delivery requirements.
Market Segmentation by End-Users
The food and beverage segment is expected to continue its domination on account of increase in consumer spending on food via e- commerce which is expected to increase at the CAGR of 9.5% between 2023 and 2027.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023.
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- UAE Corrugated Board Packaging Market Overview
- UAE Corrugated Board Packaging Market Outlook
- UAE Corrugated Board Packaging Market Forecast
- UAE Corrugated Board Packaging Market Porter’s Five Forces Analysis
- UAE Corrugated Board Packaging Market Industry Life Cycle Analysis
- Historical Data and Forecast of UAE Corrugated Board Packaging Market Revenues and Volume, for the Period 2020-2030F
- Market Drivers and Restraints
- Historical Data and Forecast of UAE Corrugated Board Packaging Market Revenues and Volume, By Product Type, for the Period 2020-2030F
- Historical Data and Forecast of UAE Corrugated Board Packaging Market Revenues and Volume, By End Users, for the Period 2020-2030F
- Export & Import Statistics
- Key Performance Indicators
- Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By Product Type
- Slotted Containers
- Die Cut Containers
- Five Panel Folder Boxes
- Setup Boxes
- Others (Folder Boxes, Telescope Boxes, Partition and Dividers etc.)
By End-Users
- Processed Foods
- Fresh Food and Produce
- Beverages
- Paper Products
- Electrical Products
- Others (Healthcare, Automotive, Printing etc.)
