Market Trends of GCC Labels and Release Liners Industry
This section covers the major market trends shaping the GCC Labels & Release Liners Market according to our research experts:
The Growing Cosmetics Industry will Drive The Growth of this Market
- Cosmetics industries in this region are supporting the growth of print labels and release liner products. Moreover, the increased beauty and personal care awareness in Gulf Countries mainly due to the higher disposable income of these people. According to the Deutsche Bank, Dubai is listed among the world’s top 15 cities for the highest disposable income, and it is also cheaper than Rome, Singapore, Cairo, and New York.
- Print labels are used in the Personal care and Cosmetics industry to enhance the brand value of those products. Moreover, the vendors in this market are also equipped with different technologies such as filling, lamination, rainbow, and metallic effects, which can enhance the display of any products. For instance, Kimoha offers aroma level and screen printing levels for home care and personal beauty products.
- Moreover, Shrink sleeve level format is widely used in the cosmetics industry due to its cost-effectiveness, lightweight, and durability. Different technological innovations such as RFID, including RFID, QR codes, NFC, and bar codes, are also fuelling the growth of this market. For instance, Label Tech UAE offers customized print label solutions for Cosmetics and Personal care industries.
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Saudi Arabia will hold the Significant Market Share
- Rapid urbanization and industrialization are influencing the growth of this Print Label and release the Liner market for this country. Moreover, changing the lifestyle of the consumers and government efforts to diversify the economy can create a positive impact on the net demand of this market. According to the World Bank data, Saudi Arabia had 84% urban population in 2019, and this rate is increased by 0.23% from its previous year 2018.
- Moreover, Saudi Arabia's National Companies Promotion program aims to transform more than 100 local companies into a global player. However, the Saudi Government had announced to pay 60% of the salaries of Saudi employees working in different organizations during this COVID 19 pandemic. These types of Govt initiatives are fuelling the growth of this Print Label and Release Liner markets.
- The growing investment of the Saudi government in different healthcare and cosmetic industries is fuelling the growth of this market. For instance, Saudi Arabia's health and social affairs budget for 2019 is increased by 8% from 2018, and this equates to about 15% of total government spending. Hence this can create vast market potential for these products under this country.
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