Oman Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.45 Million tons |
| Market Volume (2029) | 0.52 Million tons |
| CAGR (2024 - 2029) | 2.93 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Oman Container Glass Market Analysis
The Oman Container Glass Market size in terms of shipment volume is expected to grow from 0.45 Million tons in 2024 to 0.52 Million tons by 2029, at a CAGR of 2.93% during the forecast period (2024-2029).
In Oman, as in many regions worldwide, the container glass market has been influenced by economic growth, shifts in consumer behavior, and environmental considerations.
- Oman's economic diversification and population growth have spurred a rising demand for packaged food and beverages. This surge directly boosts the demand for container glass, with industries like beverages, cosmetics, and food products being the primary consumers.
- Like many other countries, Oman is witnessing a shift towards sustainable packaging solutions. Glass packaging, known for its recyclability and non-toxic properties, is often considered more environmentally friendly. As brands increasingly seek to align with consumer preferences for eco-friendly choices, this trend will likely boost the demand for container glass.
- With a growing emphasis on sustainability, many retailers are turning to recyclable and reusable packaging solutions, such as container glass. As consumers increasingly favor brands that champion eco-friendly practices, the appeal of glass containers—renowned for their recyclability and reduced environmental footprint—has surged. Glass containers, boasting a premium aesthetic over plastic and other materials, elevate the allure of packaged products.
- In recent years, the Sultanate's retail expansion has drawn global investors, including those from Gulf Cooperation Council countries. This inflow has led to establishing retail centers across the Sultanate's cities. These centers, featuring innovative designs and high specifications, include notable names like the Mall of Oman, Muscat Grand Mall, Al Araimi Boulevard, Mall of Muscat, Lulu Hypermarket, and Carrefour. Rise in retail industry would encourage the container glass market demand in the country.
Oman Container Glass Market Trends
Food and Beverage Industries are Aided to Witness Growth
- Consumers prioritize health and wellness, so the demand for healthier beverage options has surged. This trend encompasses a range of choices, from non-alcoholic and low-sugar drinks to organic selections.
- Oman's burgeoning population and economic growth drive an increasing demand for packaged products. Urbanization and elevating living standards are spurring the appetite for packaged foods, beverages, cosmetics, and home care items. Consequently, the Omani market is increasingly seeking innovative and sustainable packaging solutions.
- Given the significant Muslim population, there's a pronounced preference for non-alcoholic options. These preferences span a variety of choices, including soft drinks, juices, flavored waters, and health-benefiting functional beverages. Glass packaging preserves taste and flavor. Moreover, container glass products emerge as the optimal packaging to shield beverages from heat and light.
- According to Ardent Advisory and Accounting LLC, a financial consulting company, market sales for food and beverages in Oman were USD 3.7 billion in 2020 and reached USD 4.4 billion in 2023. Also, a growing trend is the support for local brands. This shift has prompted beverage companies to source ingredients locally to reduce their carbon footprints. Such moves may bolster the demand for sustainable packaging solutions, like container glass.
- Large beverage manufacturers, including Oman Refreshment Company and National Mineral Water Company, dominate the non-alcoholic drinks segment, encompassing soft drinks and water. Introducing an 'in tax' on sugary carbonated drinks and tobacco could influence consumer spending in this segment. This is particularly relevant as Omani consumers tend to be more price-sensitive than their counterparts in other GCC countries. Notably, Oman is rapidly emerging as one of the region's fastest-growing markets, poised to bolster national exports.
Pharmaceutical Industry Anticipated to Expand During the Forecast Period
- Various factors influence the container glass market in th pharmaceutical industry. Oman's pharmaceutical industry has been on a steady growth trajectory. As part of its broader economic diversification efforts, especially under initiatives like Vision 2040, the Omani government is actively working to enhance the healthcare system and expand the pharmaceutical sector.
- Oman is championing local pharmaceutical manufacturing to bolster self-sufficiency in healthcare products and shorten import reliance. This push has led to the emergence of several local pharmaceutical companies, and the government is fostering partnerships with international firms to broaden the market's product range and capabilities.
- Though not the largest in the region, Oman's pharmaceutical sector is expanding, buoyed by rising healthcare demands and investments in infrastructure and technology. In summary, while Oman's pharmaceutical industry is on the rise and brimming with growth potential, it still lags behind other sectors in the Gulf region.
- As the pharmaceutical industry expands, so does the demand for packaging solutions, particularly for treating communicable and non-communicable diseases. Consequently, the pharmaceutical manufacturing sector is witnessing a heightened demand for glass packaging.
- According to a survey by World Bank, per capita spending on healthcare in Oman in 2020 was USd 345.35 and it is expected to reach USD 514.82 by 2024. Furthermore, as technological advancements propel the demand for pharmaceutical drugs and medicines, there's a corresponding surge in the need for bottles and other glass packaging solutions.
Oman Container Glass Industry Overview
Steady growth in the glass container market is consolidated and is fueled by rising consumer demand for eco-friendly packaging materials. Furthermore, a growing appetite for beverages, organic products, and premium packaging intensifies the market's reliance on glass containers.
In Oman, a handful of players dominate the container glass market, including Majan Glass Company SAOG, Pragati Glass Pvt. Ltd., MBBT Chemical Company, and others. These dominant companies are focusing on new product development and expanding geographically to enhance product functionality and increase their presence in the country.
Oman Container Glass Market Leaders
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Majan Glass Company SAOG
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Pragati Glass Pvt. Ltd.
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MBBT Chemical Company
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Fujairah Chemical
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Yueyang Yuhua Glass Products Co., Ltd
*Disclaimer: Major Players sorted in no particular order
Oman Container Glass Market News
- September 2024: Dhofar Pharmaceutical Industries Company inaugurated a new pharmaceutical plant in Raysut Industrial City, in the Wilayat of Salalah.
- October 2023: Afnan Perfumes, a renowned name in the perfumery industry, unveiled its latest store in Khabourah, Oman. This strategic move highlights the company's dedication to its loyal clientele and recognizes Oman's significant contribution to Afnan Perfumes' regional growth. This expansion directly responds to the enthusiastic demand from valued customers, who eagerly anticipate an Afnan Perfumes store in this dynamic city. Such cosmetic brand expansions would further drive the demand for container glass in the country.
Oman Container Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 PESTEL ANALYSIS - Container Glass Industry in Iran
4.3 Industry Standards and Regulations for Container Glass for Packaging
4.4 Raw Material Analysis & Material Considerations for Packaging
4.5 Sustainability Trends for Packaging
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Surging Demand for Eco-Friendly Packaging Set to Propel the Market
5.1.2 Rising Demand for Premium Packaging and Aesthetic Appeal Across Multiple Industries
5.2 Market Restraint
5.2.1 Market Growth May Be Hindered by High Production Costs and Restricted Domestic Manufacturing
5.3 Analysis of the Current Positioning of Iran in the Africa Container Glass Market
5.4 Trade Scenario - Analysis of the Historical and Current Export-Import Paradigm for the Container Glass Industry in Iran
6. MARKET SEGMENTATION
6.1 End-user Industry
6.1.1 Beverage
6.1.1.1 Non-Alcoholic Beverages (Qualitative Analysis For Segment Analysis)
6.1.1.1.1 Carbonated Drinks
6.1.1.1.2 Water
6.1.1.1.3 Dairy-Based
6.1.1.1.4 Other Non-Alcoholic Beverages
6.1.2 Food
6.1.3 Cosmetics
6.1.4 Pharmaceuticals
6.1.5 Other End user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Majan Glass Company SAOG
7.1.2 Pragati Glass Pvt. Ltd.
7.1.3 MBBT Chemical Company
7.1.4 Fujairah Chemical
7.1.5 Yueyang Yuhua Glass Products Co., Ltd
8. FUTURE OUTLOOK OF THE MARKET
Oman Container Glass Industry Segmentation
Glass Containers refer to clean bottles and jars made from glass. The scope excludes windows and other non-container glass products. Container glass is used in the alcoholic and non-alcoholic beverage industries due to its ability to maintain chemical inertness, sterility, and non-permeability. Glass packaging is valued for its unique properties, including its transparency, inertness, and ability to preserve the quality and integrity of its contents.
Oman Container Glass Market is segmented by end-user industry (beverages (non-alcoholic beverages (carbonated drinks, water, dairy-based, and other non-alcoholic beverages)), food, cosmetics, pharmaceuticals, and other end-user industries). The market sizes and forecasts are provided in terms of volume (tons) for all the above segments.
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Oman Container Glass Market Research FAQs
How big is the Oman Container Glass Market?
The Oman Container Glass Market size is expected to reach 0.45 million tons in 2024 and grow at a CAGR of 2.93% to reach 0.52 million tons by 2029.
What is the current Oman Container Glass Market size?
In 2024, the Oman Container Glass Market size is expected to reach 0.45 million tons.
Who are the key players in Oman Container Glass Market?
Majan Glass Company SAOG, Pragati Glass Pvt. Ltd., MBBT Chemical Company, Fujairah Chemical and Yueyang Yuhua Glass Products Co., Ltd are the major companies operating in the Oman Container Glass Market.
What years does this Oman Container Glass Market cover, and what was the market size in 2023?
In 2023, the Oman Container Glass Market size was estimated at 0.44 million tons. The report covers the Oman Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oman Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Oman Container Glass Industry Report
Statistics for the 2024 Oman Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oman Container Glass analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
