UAE Home Care Packaging Market - Market Trends and Forecasts (2015 - 2020)
Home care packaging market in UAE is projected to grow at a CAGR of xx.xx% to USD xx.xx billion by the end of 2020 from the value of USD xx.xx billion in 2014. In the recent years, home care products market has witnessed a lot of growth due to the increasing preference among individuals to lead a healthier lifestyle.
Demand for home care products has been on an upward trend especially as the consumers, with growing health awareness, tend to avoid expensive medical care costs. To keep up with this demand, the home care packaging industry has ramped up their offerings to differentiate between multiple packaging solutions, conveying useful information, without compromising on the safety standards. The packaging market for this segment is set to record high growth during the forecast period.
Despite the economic setbacks, demand for home healthcare products has never declined, and directly proportional to that is the requirement for packaging solutions. Driven by advantages like durability, cost benefits, and versatility, plastic is one of the packaging materials majorly used by companies. Research and development for increased durability and safety found new entrants into the industry, which include polymers like PLA, biodegradable PHA (polyhydroxyalkanoate), bio PTT (polytrimethyl terephthalate), etc., slowly getting acceptance. However, high cost poses a challenge to their sustainability in the long run.
The home care packaging market is segmented based on the material used, products and applications. Some of the major companies mentioned in the report are:
Amcor Mondi Group Bemis Rexam RPC Group Winpak AptarGroup Sonoco Silgan Holdings Tetra Laval DS Smith Plc CAN-PACK S.A. Prolamina Packaging
What the report offers:
Market definition for UAE home care packaging market along with identification of key drivers and restraints for the market. Market analysis for the UAE home care packaging market with region specific assessments and competition analysis on a regional scale. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. Identification and analysis of the macro and micro factors that affect the UAE home care packaging market on a regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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