GCC PET Bottle Market

GCC PET Bottle Market Overview:

The GCC PET bottle market was worth US$ XX Billion in 2023, expanding at a CAGR of X% during 2018-2023. The market is projected to register a CAGR of X% during 2024-2029, reaching US$ XX Billion by 2029. Polyethylene terephthalate (PET) bottles are widely used in the packaging of numerous beverages and fast-moving consumer goods (FMGC) products. They are strong, durable and versatile and can lead to a considerable reduction in weight during transportation as compared to their counterparts like glass bottles. They also stay thermally stable in varying temperatures and can be recycled several times, which assists in reducing the overall manufacturing costs. At present, a significant rise in the consumption of packaged food items on account of hectic work schedules and inflating disposable incomes of individuals is catalyzing the demand for PET bottles in the GCC region.

Increasing preferences for bottled water currently represents one of the key factors strengthening the growth of the market in the GCC region. It can also be attributed to the increasing consumption of water due to the climatic conditions of the region. Apart from this, PET is inert and does not emit contaminants and harmful gases into the environment during the recycling process, which is offering lucrative growth opportunities to manufacturers operating in the region. Besides this, eco-friendly steps taken by environmental groups are presently bolstering the growth of the market. Apart from this, governing authorities in the region are implementing regulations that support the recycling of plastic waste. Moreover, the adoption of various technologies, such as stretch blow, injection, and extrusion blow molding, to produce PET bottles for obtaining customized shapes, colors, and designs that improve their appearance and utility is creating a favorable market outlook in the GCC region. Besides this, the rising influx of tourists post-pandemic is propelling the consumption of packed beverages. This, in confluence with the impervious nature of PET bottles which increases the shelf-life of the product, is projected to contribute to the growth of the market in the upcoming years.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC PET bottles market and can also impact its future growth. Taking 2023as the base year, the report covers historical market scenario from 2018-2023 and provides forecasts till 2029. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC PET bottles market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC PET bottles market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC PET bottles market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC PET bottles market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC PET bottles market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC PET bottles market industry. Furthermore, the value chain analysis of the GCC PET bottles market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.

GCC PET Bottles Market Segment Insights:

The GCC PET bottles market has been analysed as followed:

Segmentation by End-Use:

• Packaged Water 
• Carbonated Soft Drinks/CSD’s 
• Food Bottles & Jars
• Non-Food Bottles & Jars 
• Fruit Juice 
• Beer

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC PET bottle Market Report:

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC PET bottle market report can be customised  as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.