GCC Folding Carton Market Size (2024 - 2029)

GCC Folding Carton Market Analysis

The GCC Folding Carton Market size is estimated at USD 2.12 billion in 2024, and is expected to reach USD 2.68 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).

Folding cartons are one of the most versatile and cost-effective formats to package and deliver goods, with diverse possibilities for offering a visually appealing product.

• Folding carton packaging is one of the most used eco-friendly packaging solutions owing to its ability to be produced in many sizes with a small footprint compared to other bulkier packaging options, thus making it feasible for use in almost all end-user industries. Paper and paperboard solutions are practically 100% recyclable, which has aided paperboard demand growth in the packaging sector. As more organizations adopt novel techniques to create a circular economy, various new paper packaging materials have been introduced in recent years.
• With the focus on shifting towards eco-friendly and sustainability, folding carton demand has increased across various industries like food & beverage, healthcare, personal care, homecare, retail, and others in the GCC region. Consumer consciousness of sustainable packaging preference, availability of raw material, lightweight, biodegradable, and recyclable nature of paper, and deforestation have been driving the demand for this packaging type in the region.
• The need for green packaging materials, particularly paper packaging solutions, is further fueled by the enforcement of strict legislation regarding the ban on single-use plastic. In addition, the increasing use of e-commerce platforms in the region is increasing the demand for the market. Also, the region has a high rate of packaged food and beverage consumption, owing to rapid urbanization and an increasing number of tourists who often prefer safer processed foods.
• Fluctuations in raw material prices affect the production costs of corrugated products. Changes in production costs change manufacturers' profits. Pulp is harvested from trees and is in high demand in certain regions, and it is imported and exported in specified amounts.

GCC Folding Carton Industry Segmentation

With consumers continuing the demand for sustainable attributes in packaging, recycling paper-based folding cartons would be highly beneficial to that format. With technical innovations in eco-friendly coatings, folding cartons can now package various products, extending their usage into new product lines.

The GCC folding carton market is segmented by end-user (food, beverages, pharmaceutical, personal care, and industrial) and by country (United Arab Emirates, Saudi Arabia, Qatar, and the rest of GCC). The report offers market forecasts and size in value (USD) for all the above segments.