GCC PET Bottle Market Report and Forecast 2024-2032

GCC PET Bottle Market Outlook

The GCC PET bottle market is aided by the growth of the overall global market, which reached a volume of 13.26 million tons in 2023. The global market is further expected to register a CAGR of 1.9% in the forecast period of 2024-2032 to reach a volume of 15.71 million tons by 2032.

Globally, the Asia Pacific region is expected tobserve a significant growth due tthe rise in the consumption of packed food and beverages. In the coming years, the GCC region is alsprojected twitness a significant growth due tthe rising consumption of carbonated and other packaged beverages. The market in the region is alsbeing aided by the increasing preference for bottled water over tap water as bottled water is seen as a more hygienic alternative. Thus, the rising water consumption due the region’s high temperatures is expected tinfluence the GCC PET bottle market positively.

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Market Segmentation

Polyethylene terephthalate (PET) belongs tthe polyseter family and is a common thermoplastic polymer resin, which is widely used for manufacturing plastic bottles. They are more durable, transparent, lightweight, non-reactive, recyclable, cost-effective, and thermally stable as compared tPP, HDPE, and PVC counterparts.

The market for PET bottles in GCC can be classified intthe following segments:

Based on the Capacity: 

• High
• Medium
• Low

Based on Colour: 

• Transparent
• Coloured

Based on Distribution Channel: 

• Business to Business
• Retail
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others

Based on Technology Type: 

• Stretch Blow Moulding
• Injection Moulding
• Extrusion Blow Moulding
• Thermoforming
• Others

Based on End-Use: 

• Packaged Water
• Carbonated Soft Drinks (CSD’s)
• Food Bottles and Jars
• Non-Food Bottles and Jars
• Fruit Juice
• Beer
• Others

The report looks intthe regional markets for PET bottle in the GCC like Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman, and others.

Market Analysis 

The GCC PET bottle market is being driven by the favourable properties of the product. PET bottles can be moulded intnumerous shapes timprove their appearance and utility. For uniqueness, manufacturers are focusing on one-off packaging and multi-sized packs, which are spurring the demand for PET bottles with customised shapes, colours, and designs. 

Lifestyle changes and westernisation has increased the applicability of these products in the GCC region. The regional market is alsbeing driven by the rising influx of immigrants and tourists intthe region whextensively consume packaged food and beverages. Advancements in technology, which are making PET bottles more impervious in nature and thereby, increasing their shelf life, are alspropelling the growth of the market.

Competitive Landscape

The report provides a detailed analysis of the following key players in the GCC PET bottle market, looking inttheir capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Plastico
• Duplas Al Sharq L.L.C.
• Rawasy Al Khaleej Plastic Ind
• INTERGULF - EMPOL
• Others

The comprehensive report investigates the macrand micraspects of the industry. The EMR report provides an in-depth insight intthe market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report