UAE MDO PET Films Market to hit $32.6 Million by 2027: Fueled by 58% E-commerce Surge and Booming Pharma Industry: Ken Research
GURUGRAM, India, Feb. 12, 2024 /PRNewswire/ -- The UAE MDO PET Films market is about to explode, growing 330% from USD 7.8 million in 2022 to a whopping USD 32.6 million by 2027, according to a new report by Ken Research. Buckle up for a stat-packed journey as we unpack the key drivers propelling this dynamic market.
Population Power:
- The UAE's population is booming at 1.4% annually, fueling demand for diverse packaging solutions, with MDO PET Films rising as a star player.
- This translates to millions of new potential customers every year, each requiring packaged goods like food, medicine, and consumer products.
Food Frenzy:
- Food and beverage giants are driving the market, accounting for a 45% share, with MDO PET Films offering superior barrier properties to keep food fresh.
- Imagine billions of food packages requiring MDO PET Films annually, from snacks and drinks to ready-to-eat meals.
Interested to Know More about this Report, Request a Free Sample Report
Pharmaceutical Push:
- Rising generic drug use is boosting demand, with MDO PET Films used in blister packs and tamper-evident packaging for tablets.
- This growing segment represents a multi-million dollar opportunity for MDO PET Film manufacturers.
Innovation Reigns Supreme:
- Blown vs Cast Films: While brown, low-cost blown films dominate (70%), cast films with superior clarity and barrier properties are gaining traction (15% share and growing).
- Nano-coating technology is enhancing film performance, opening doors for new applications and creating a $XX million market opportunity.
Sustainability Stride:
- Eco-conscious consumers are driving demand for sustainable packaging solutions. EcoFlex Films lead the way with environmentally friendly MDO PET Films, a multi-billion dollar market segment.
- Government regulations are also pushing for sustainable packaging, creating a lucrative opportunity for eco-friendly MDO PET Films.
Visit this Link :- Request for custom report
Competitive Landscape:
- Regional Rivals: RAK Plastics (40% market share), Flex Films, and Avery Dennison are top contenders, each with unique strengths. RAK focuses on regional expansion, while Flex emphasizes sustainability and technology.
- Global Giants: Taghleef Industries and Gulf Plastics Industries add further depth, offering diverse solutions and vying for market share.
- This intense competition is driving product innovations and strategic partnerships, benefiting the entire market.
Future Forecast:
- E-commerce Explosion: The UAE's e-commerce boom, with 58% of online purchases coming from overseas, will significantly boost demand for packaging materials (including MDO PET Films) by XX%.
- Ready-to-Eat Revolution: The burgeoning ready-to-eat food market, expected to grow at 4.61% CAGR, presents a $XX million opportunity for MDO PET Films in packaging applications.
- New Entrants Welcome: Existing international players are expanding, but the future welcomes new domestic manufacturers, offering an early mover advantage in a lucrative market.
Ready to Dive Deeper?
Ken Research's comprehensive report offers an in-depth exploration of the UAE MDO PET Films market, including:
- Detailed segmentation by film type, distribution channel, application, and end-user
- Competitive landscape analysis with in-depth profiles of key players
- Future outlook with market size projections and growth factors
- Insights into government regulations and their impact on the market
Request free 30 minutes analyst call
Taxonomy
UAE MDO PET Films Market Segmentation
By Film Type
Blown Films
Cast Films
By Distribution Channel
B2B
B2B2C
By Application
Bags & Pouches
Labels
Wraps
Tapes
Others
By End User
Food and Beverage
Pharmaceutical
Homecare
Cosmetics & Personal Care
Others
For More Insights On Market Intelligence, Refer To The Link Below: –
Related Reports by Ken Research: –
Future market size for UAE Movers set for substantial growth from 2022 to 2028. Launch of over 10,000 new townhouses and villas in May 2022, with handover expected by 2025, indicating a surge in property developments and increased demand for moving services.
The Australia cold chain market is anticipated to grow with a CAGR of 10.3% due to the ever-growing demand Majority of the end users' segments are expected to register a robust CAGR in the Australia Cold Chain Market in the upcoming years Demand for perishable food products is expected to increase due to the rising disposable income and retail spending of the people in the country, which will necessitate the development of cold storage facilities and positively affect the market growth.
UAE Cold Chain Market is expected to grow at the rate of 4.6% in the forecast period 2022-2027 UAE Cold Chain Market Revenues are expected to be dominated by Cold Storage with over 50% share in 2027 Revenue in UAE Cold Chain Market is expected to grow with a CAGR of 4.8% till 2027 due to rising grocery spending and demand for small and medium storages.
The market is expected to grow at high pace in the coming 5 years owing to rapid digitalization and surge in investment. The demand and market share of e-commerce and retail is expected to increase in the future due to increasing focus towards reducing the overall sales cycle duration.
Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
[email protected]
+91-9015378249
Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg
SOURCE Ken Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article