UAE Business: Urbanisation to lead packaging market growth: report – Gulf Digital News

UAE Business: Urbanisation to lead packaging market growth: report – Gulf Digital News

Changing consumer demographics and consumption are driving important shifts that will reshape the packaging business in the Middle East, with the UAE expected to lead the growth of the industry in the next five years, says a report.

As the UAE’s packaging industry is set to grow to an estimated AED21 billion market value in the next five years, according to a report published by Mordor Intelligence, packaging industry stakeholders are gearing up to showcase the latest technologies and innovations at the forthcoming Gulf Print and Pack, the Middle East’s leading trade show for commercial and package printing.

The event is scheduled to take place from May 24-26 at the Dubai World Trade Centre.

Among the factors that will drive the forecasted growth in the UAE and the wider region is rapid urbanisation, which normally translates to increased consumer spending and production of consumer goods.

“In highly urbanised markets, especially these days, people are consuming products on-the-go, which require packaging solutions that are convenient and portable; or products that can be consumed immediately, which will then need microwavable packaging. These solutions and other innovations will be on spotlight at the show, with leading local and international brands showcasing their latest machineries that will play