Sales of retail glass packaging in GCC are projected to total US$ 778.3 million in 2023 and US$ 1,548.9 million by 2033. Over the forecast period, retail glass packaging demand across GCC is predicted to increase at a CAGR of 7.1%. The GCC retail glass packaging revenue totaled US$ 715.9 million at the end of 2022 and is forecast to exhibit a y-o-y growth of 8.7% in 2023.
| Attributes | Key Insights |
|---|---|
| Base Value (2022A) | US$ 715.9 million |
| Estimated GCC Retail Glass Packaging Business Revenue (2023E) | US$ 778.3 million |
| Projected GCC Retail Glass Packaging Business Value (2033F) | US$ 1,548.9 million |
| Value-based CAGR (2023 to 2033) | 7.1% |
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The GCC retail glass packaging business grew at a CAGR of 5.0% during the historical period, with overall revenue totaling US$ 715.9 million at the end of 2022. From 2023 to 2033, sales of retail glass packaging solutions in the GCC region are projected to rise at a 7.1% CAGR.
| Historical CAGR (2018 to 2022) | 5.0% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.1% |
Several factors are expected to drive the demand for retail glass packaging in GCC. These include the expansion of sectors such as food and beverage, pharmaceuticals, and cosmetics. Rapid population growth, urbanization, and increased need for glass packaging solutions in GCC would also aid demand.
Due to its aesthetic appeal, capacity to be recycled, and ability to maintain the integrity of the contents, glass packaging is a preferred option in GCC. It is widely used to package a variety of products, including food, beverages, pharmaceuticals, and cosmetics.
The growing adoption of glass packaging solutions in the GCC is expected to boost sales during the assessment period. Similarly, the rising need for safe, sustainable, and versatile packaging will likely fuel demand for glass packaging in the Gulf Cooperation Council nations.
The GCC’s two leading pockets for retail glass packaging are Saudi Arabia and the United Arab Emirates, where huge investments are being made in the food and beverage sector. The need for glass packaging in these nations is significantly influenced by the pharmaceutical and personal care & cosmetics businesses.
Top firms such as Saverglass SAS, Majan Glass Company SAOG, RAK Ghani Glass LLC, and Frigoglass SAIC, among others, operate in the region's extremely competitive glass sector. To fulfill the increasing demand for glass packaging in the area, these firms are making investments in product innovation and business growth.
Principal Consultant
| Particular | Value CAGR |
|---|---|
| H1 | 6.9% (2022 to 2032) |
| H2 | 6.7% (2022 to 2032) |
| H1 | 7.4% (2023 to 2033) |
| H2 | 7.2% (2023 to 2033) |
Outline of Important Trends in Retail Glass Packaging Shaping Growth
Customers are preferring more environmentally friendly packaging solutions as they become more environmentally concerned. In comparison to other materials, such as plastic, which is non-biodegradable and can harm the environment, glass packaging is considered to be more environmentally friendly. As a result, GCC is witnessing an increasing demand for glass packaging options.
Governments across GCC countries are enacting policies to encourage sustainability and lessen waste. For instance, the United Arab Emirates's introduction of a charge on plastic bags has prompted shops to convert to more environmentally friendly packaging materials, such as glass.
The use of glass packaging solutions in the area has been facilitated by regulatory body assistance. Compared to other materials, glass has a better-developed recycling infrastructure. Glass packaging can be recycled more effectively and easily. This has prompted businesses in the GCC to include glass-packaging options in their sustainability plans.
Food and beverages are best packaged in glass containers as they maintain the contents' quality and freshness. Hence, the expansion of the food and beverage sector will create a high demand for glass containers.
Glass containers prevent light from infiltrating and influencing the taste and quality of the product, which is crucial for items such as beer and wine that are sensitive to light. As a result, there is now a greater need for glass packaging solutions in GCC due to the growing food and beverage sector.
Glass packaging offers a high-end appearance and feel, which is crucial for the food and beverage sector. Premium goods such as fine spirits, gourmet meals, and specialty drinks are frequently packaged in glass. The GCC region's growing food and beverage sector will continue to elevate the demand for high-end glass packaging options.
The section below highlights the retail glass packaging business across prominent GCC countries. Out of all the countries profiled, Qatar, the Kingdom of Saudi Arabia, and the United Arab Emirates are expected to witness lucrative CAGRs of 8.8%, 7.5%, and 6.8%, respectively, through 2033.
| Countries | Value CAGR |
|---|---|
| Kingdom of Saudi Arabia | 7.5% |
| United Arab Emirates | 6.8% |
| Kuwait | 5.3% |
| Bahrain | 6.4% |
| Oman | 4.7% |
| Qatar | 8.8% |
As per the latest analysis, Saudi Arabia is expected to offer lucrative opportunities for retail glass packaging companies during the forecast period. It is set to exhibit a CAGR of 7.5% throughout the forecast period. This is attributable to favorable government support, expansion of the food & beverage sector, and growing usage of glass containers for retail applications.
The Saudi Arabia government has launched several programs to support domestic businesses, notably the food and beverage sector. For instance, the Saudi Vision 2030 seeks to boost the GDP contribution of non-oil businesses and improve employment possibilities in the private sector. As a result, the food and beverage sector is expanding, which in turn raises the demand for retail glass packaging.
With a strong infrastructure and helpful regulations, Saudi Arabia is renowned for having a welcoming business environment. The retail glass packaging business benefits from this since it makes it simpler for firms to run and expand.
Key retail glass manufacturers also benefit from the increasing number of Hajj pilgrims. Several companies are introducing novel glass bottles for Zamzam (holy water). For instance, Al-Zamazameh Company launched new glass Zamzam water bottles in 2023.
Sales of retail glass packaging in the United Arab Emirates are projected to soar at a CAGR of 6.8% during the forecast period. It is set to hold a prominent share of GCC by 2033. This is due to increasing government initiatives and rising demand for sustainable packaging.
The United Arab Emirates government has established challenging goals for sustainability and waste minimization, which are anticipated to support the nation's retail glass packaging sector. A long-term plan called UAE Vision 2021 has as one of its goals encouraging sustainable growth in the nation.
The ‘Green Economy for Sustainable Development’ pillar, which emphasizes waste reduction and sustainability promotion, is one of the plan's central tenets. As a result, there is now a higher need for environmentally friendly and long-lasting packaging options such as glass packaging.
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The section below shows the bottles segment witnessing a healthy CAGR of 8.4% during the assessment period. Based on end-use, the beverages segment is expected to hold a prominent value share, thriving at a CAGR of 6.2% between 2023 and 2033.
| Product Type | Value CAGR |
|---|---|
| Bottles | 8.4% |
| Jars | 6.3% |
As per the latest GCC retail glass packaging, demand is expected to remain high for bottles across GCC countries during the forecast period. The target segment is anticipated to thrive at 8.4% CAGR through 2033. This is attributable to the rising usage of bottles in diverse businesses.
In GCC, bottles are frequently used for packaging beverages, cosmetics, and pharmaceuticals. Sales of glass bottles are expected to rise rapidly across GCC due to the growing demand for bottled goods.
Glass bottles are becoming an ideal packaging option to package a wide variety of liquids, including water, wine, juice, and beer. Hence, increasing consumption of these products is anticipated to elevate the demand for glass bottles across GCC.
Glass bottles can be recycled endlessly without losing quality and are entirely recyclable. The capacity to recycle glass bottles has also grown in importance for consumers who are becoming more environmentally conscious, which could result in increased profitability for businesses that use glass bottles.
| End-use | Value CAGR |
|---|---|
| Beverages | 6.2% |
| Food | 7.9% |
Based on end-use, the adoption of retail glass packaging remains high in the beverages sector across GCC. This is due to the rising consumption of non-alcoholic beverages and the safe, versatile, and sustainable nature of glass packaging. As per the latest report, the beverages segment will likely expand at a CAGR of 6.2% during the forecast period.
In GCC, juices, energy drinks, and carbonated soft drinks are becoming highly popular because of the growing interest in health and wellness. These products are best packaged in glass, which maintains the contents' freshness and quality without altering taste or flavor.
The non-alcoholic beverage manufacturing sector is experiencing a surging demand for glass packaging solutions. This is because non-alcoholic beverage manufacturing companies are increasingly employing glass packaging to give their goods a high-end and opulent appearance.
Glass bottles are frequently connected to high-end and luxury goods, which can contribute to a powerful brand image and raise the product’s perceived worth. Growing preference toward packing beverages in glass packaging solutions due to their attractive features will boost the target segment.
Key manufacturers of retail glass packaging in GCC are adopting different strategies to strengthen their presence and boost their revenues. These strategies include new product launches, mergers, facility expansions, acquisitions, collaborations, and partnerships.
Recent Development in the GCC Retail Glass Packaging Business:
| Attribute | Details |
|---|---|
| Estimated Value (2023) | US$ 778.3 million |
| Projected Value (2033) | US$ 1,548.9 million |
| Expected Growth Rate (2023 to 2033) | 7.1% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million, Volume in 000 tons |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | By Packaging Formats, By Grade, By Capacity, By End-use, By Country |
| Key Companies Profiled | Saudi Arabian Glass Company; Saverglass SAS; National Company for Glass Industries (Zoujaj); Majan Glass Company SAOG; Frigoglass SAIC; RAK Ghani Glass LLC; Al Wara; Unitrade FZE; Jebel Ali Container Glass Factory; Gulf Glass Manufacturing Co. K.S.C (GGMC); Pragati Glass Gulf LLC |
Total revenue in GCC is anticipated to reach US$ 778.3 million in 2023.
Sales in GCC are expected to total US$ 1,548.9 million in 2033.
Demand for retail glass packaging in GCC is set to rise at a 7.1% CAGR through 2033.
The beverages segment will hold a dominant revenue share by 2033.
The shift toward sustainable packaging solutions is a key trend.
Leading companies in the GCC are Saudi Arabian Glass Company and Saverglass SAS.
1. Executive Summary
1.1. Outlook
1.2. Analysis
1.3. Analysis and Recommendations
2. Overview
2.1. Coverage / Taxonomy
2.2. Definition / Scope / Limitations
3. Key Trends
3.1. Key Trends Impacting the Business
3.2. Sustainable Trends
3.3. Technological Trends
3.4. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
4.4. Go-to-business Strategies
5. Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Business Volume (‘000 tons) Analysis, 2018 to 2022
5.2. Current and Future Business Volume (‘000 tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Pricing Analysis
6.1. Regional Pricing Analysis
6.2. USA Average Pricing Analysis Benchmark
7. Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Business Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Background
8.1. Packaging Overview
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.3.1. Exhaustive List of Suppliers
8.3.2. Exhaustive List of Manufacturers
8.3.3. Exhaustive List of End-user
8.4. Case-based Scenario - Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Supply Demand Analysis
8.6.1. Import /Export Analysis
9. Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade
9.1. Introduction / Key Findings
9.2. Historical Business Size Value (US$ million) & Volume (‘000 tons) Analysis By Grade, 2018 to 2022
9.3. Current and Future Business Size Value (US$ million) & Volume (‘000 tons) Analysis and Forecast By Grade, 2023 to 2033
9.3.1. Type I
9.3.2. Type II
9.3.3. Type III
9.3.4. Type IV
9.4. Y-o-Y Growth Trend Analysis By Grade, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Grade, 2023 to 2033
10. Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
10.1. Introduction / Key Findings
10.2. Historical Business Size Value (US$ million) & Volume (‘000 tons) Analysis By Capacity, 2018 to 2022
10.3. Current and Future Business Size Value (US$ million) & Volume (‘000 tons) Analysis and Forecast By Capacity, 2023 to 2033
10.3.1. Up to 50 ml
10.3.2. 51 to 250 ml
10.3.3. 251 to 750 ml
10.3.4. Above 750 ml
10.4. Y-o-Y Growth Trend Analysis By Capacity,, 2018 to 2022
10.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033
11. Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Formats
11.1. Introduction / Key Findings
11.2. Historical Business Size Value (US$ million) & Volume (‘000 tons) Analysis By Packaging Formats, 2018 to 2022
11.3. Current and Future Business Size Value (US$ million) & Volume (‘000 tons) Analysis and Forecast By Packaging Formats, 2023 to 2033
11.3.1. Bottles
11.3.2. Jars
11.3.3. Vials
11.3.4. Ampoules
11.3.5. Syringes
11.3.6. Cartridges
11.3.7. Others (Descanters, Containers)
11.4. Y–o–Y Growth Trend Analysis By Packaging Formats, 2018 to 2022
11.5. Absolute $ Opportunity Analysis By Packaging Formats, 2023 to 2033
12. Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use
12.1. Introduction / Key Findings
12.2. Historical Business Size Value (US$ million) & Volume (‘000 tons) Analysis By End-use, 2018 to 2022
12.3. Current and Future Business Size Value (US$ million) & Volume (‘000 tons) Analysis and Forecast By End-use, 2023 to 2033
12.3.1. Food
12.3.1.1. Sauces & Jams
12.3.1.2. Spices & Condiments
12.3.1.3. Tea & Coffee
12.3.1.4. Bakery & Confectionery
12.3.1.5. Snacks
12.3.1.6. Olive Oil
12.3.1.7. Dairy
12.3.2. Beverages
12.3.2.1. Alcoholic Beverages
12.3.2.1.1. Wine
12.3.2.1.2. Beer
12.3.2.1.3. Spirit
12.3.2.2. Non Alcoholic Beverages
12.3.2.2.1. Soda
12.3.2.2.2. Juices
12.3.2.2.3. Mineral Water
12.3.2.2.4. RTD
12.3.3. Personal Care & Cosmetics
12.3.3.1. Perfumes
12.3.3.2. Color Cosmetics
12.3.4. Pharmaceuticals
12.3.4.1. Syrups
12.3.4.2. Probiotics
12.3.4.3. Vitamin Supplements
12.3.5. Other Industrial
12.4. Y–o–Y Growth Trend Analysis By End-use, 2018 to 2022
12.5. Absolute $ Opportunity Analysis By End-use, 2023 to 2033
13. Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Introduction / Key Findings
13.2. Historical Business Size Value (US$ million) & Volume (‘000 tons) Analysis By Country, 2018 to 2022
13.3. Current and Future Business Size Value (US$ million) & Volume (‘000 tons) Analysis and Forecast By Country, 2023 to 2033
13.3.1. Kingdom of Saudi Arabia
13.3.2. United Arab Emirates
13.3.3. Kuwait
13.3.4. Bahrain
13.3.5. Oman
13.3.6. Qatar
13.4. Y-o-Y Growth Trend Analysis By Country, 2018 to 2022
13.5. Absolute $ Opportunity Analysis By Country, 2023 to 2033
14. Country wise Analysis 2023 to 2033
14.1. Kingdom of Saudi Arabia Analysis
14.1.1. By Material
14.1.2. By Capacity
14.1.3. By Packaging Formats
14.1.4. By End-use
14.2. United Arab Emirates Analysis
14.2.1. By Material
14.2.2. By Capacity
14.2.3. By Packaging Formats
14.2.4. By End-use
14.3. Kuwait Analysis
14.3.1. By Material
14.3.2. By Capacity
14.3.3. By Packaging Formats
14.3.4. By End-use
14.4. Bahrain Analysis
14.4.1. By Material
14.4.2. By Capacity
14.4.3. By Packaging Formats
14.4.4. By End-use
14.5. Oman Analysis
14.5.1. By Material
14.5.2. By Capacity
14.5.3. By Packaging Formats
14.5.4. By End-use
14.6. Qatar Analysis
14.6.1. By Material
14.6.2. By Capacity
14.6.3. By Packaging Formats
14.6.4. By End-use
15. Structure Analysis
15.1. Industry Analysis by Tier of Companies
15.2. Share Analysis of Top Players
15.3. Presence Analysis
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Saudi Arabian Glass Company
16.1.1.1. Overview
16.1.1.2. Diameter Portfolio
16.1.1.3. Profitability by Segments (Diameter/End-use/Region)
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Business Strategy
16.1.1.5.2. Diameter Strategy
16.1.1.5.3. End-use Strategy
16.1.2. Saverglass SAS
16.1.3. National Company for Glass Industries (Zoujaj)
16.1.4. Majan Glass Company SAOG
16.1.5. Frigoglass SAIC
16.1.6. RAK Ghani Glass LLC
16.1.7. Al Wara
16.1.8. Unitrade FZE
16.1.9. Jebel Ali Container Glass Factory
16.1.10. Gulf Glass Manufacturing Co. K.S.C (GGMC)
*The above list is indicative in nature and is subject to change during the course of research
17. Assumptions and Acronyms Used
18. Research Methodology
Packaging
October 2023
REP-GB-18059
180 pages
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Retail Glass Packaging Industry Analysis in GCC
