UAE fresh food packaging market is expected to surge at a CAGR of 8.55% throughout the forecast period. Increasing demand for poultry products in the country is one of the major drivers of fresh food packaging in the UAE. This is because rising consumption of eggs is encouraging to boost domestic production, thus spurring the demand for fresh food packaging in the country. Chicken meat is the most preferred source of protein across all consumer income levels in the UAE. High disposable incomes is also supporting the growing demand for domestic poultry products as they feel more assured that the meat fulfills the Halal requirements. THE booming UAE tourism industry is another major driver of the county’s fresh food packaging market. As the number of tourists in this Middle East country is increasing, the demand for fresh food items preferred by international tourists is also rising which, in turn, is positively impacting the market growth of fresh food packaging. Favorable government policies and initiatives to boost the domestic agricultural sector will also fuel the market growth of fresh food packaging in the country during the next five years.
The UAE Fresh Food Packaging market has been segmented on the basis of the material and application. By material, the market has been segmented as plastic, paper and board, glass, and metal. By application, the UAE fresh food packaging market has been classified into poultry and meat products, dairy products, produce (vegetables and fruits), seafood, and others. By material, the plastic material segment holds a noteworthy market share in the UAE Fresh Food Packaging market during the forecast period owing to the rising seafood consumption in the country. By application, the seafood packaging market grows at a significant CAGR during the forecast period owing to the growing country’s seafood industry. According to the UN, by 2030, the fish consumption in UAE is estimated to cross 900,000 tons, while the demand for fresh fish products from local, regional, and global fish suppliers will grow by 8 percent annually until 2030. The UAE government is also taking necessary measures to ramp up the domestic seafood production which will further propel the country’s local seafood industry, thereby driving the market growth of fresh food packaging across this industry. For example, in May 2019, Abu Dhabi announced a Sustainable Aquaculture Policy in order to promote the growth of the competitive local aquaculture industry.
Prominent key market players in the UAE fresh food packaging market include Mondi, Sealed Air, Amber Packaging Industries LLC, and Swiss Pac UAE among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the UAE fresh food packaging market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.