United Arab Emirates (UAE) Container Glass Market 2020 to 2024 Analysis with Industry Size & Share and Growth Forecast by Competitors, Types and Applications

The “United Arab Emirates (UAE) Container Glass Market” trend analysis report presents an in-depth analysis regarding the development, current trends, industry policies, and regulations implemented in each of the geographical regions. United Arab Emirates (UAE) Container Glass Market Report (2020-2024) Provides key statistics on market overview, major key-players of industry, the scope of the report, key trends in the market as well as regional analysis. The report also provides leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue. It also provides Report provides an analytical calculation of the prime challenges faced by this Market currently and in the coming years.

United Arab Emirates (UAE) Container Glass Market Report Includes Major Key-Players:

Frigoglass SAIC

Saverglass SAS

Middle East Glass Manufacturing Company SAE

RAK Ghani Glass LLC

Majan Glass Company SAOG

Gerresheimar AG

Piramal Glass Private Limited

Unitrade FZE

Market Overview:

The United Arab Emirates(UAE) container glass market was valued at USD 215.50 million in 2018 and is expected to reach a value of USD 247.06 million by 2024, at a CAGR of 2.19%, over the forecast period 2019-2024. With high and increasing disposable incomes, the spending of the UAE population on different goods is also growing. According to the World Bank, the share of the urban population in the United Arab Emirates increased from 84.42%, in 2011, to 86.25%, in 2017. The number of expats in the United Arab Emirates is also growing, which is expected to positively impact market growth.

– The United Arab Emirates has the highest consumption rates of bottled water in the world. Consumers in the country are using glass to hold food and beverages for hygienic reasons, as well as to protect the environment against plastic bottles. Moreover, customers in the country prefer to drink juices, flavored drinks, and other beverages from glass bottles. Glass containers can be reused for many purposes, as compared to other materials.

– Additionally, the consumers in the United Arab Emirates spent more than USD 200 per capita on beauty products, in 2017. Many international beauty hubs, such as Brazil, Spain, and Italy, are launching their stores in the United Arab Emirates, in order to leverage the opportunity. The increase in cosmetic products usage is expected to drive the growth of container glass market in the region.

– For instance, in September 2018, a Brazilian cosmetic brand, O Boticario, partnered with Dubai-based investment management company, Millennial Capital, to expand in the Gulf region.

– As glass is one of the most suitable materials for packaging, it is facing tough competition from other packaging materials. On considering issues, like health and environment, no other packaging material can offer better benefits than glass. However, for commercial reasons, the usage of other packaging materials is on the rise. Some of the reasons that compel the pharmaceutical industry to switch to other packaging mediums are load ability, breakages, and the cost of glass packaging.