UAE Plastics Market revenue size is projected to grow at a CAGR of 4.2% during 2024-2030

Based on product, Polyethylene (PE) attained the highest revenue share in the UAE Plastics Market – 6Wresearch

Polyethylene (PE) accounted for a major revenue share in 2023 as it is used in construction materials like plastic sheets, geomembranes, and insulation for its moisture resistance and durability.

According to 6Wresearch, the UAE Plastics Market revenue size is projected to grow at a CAGR of 4.2% during 2024-2030. The growth of the UAE plastics market is strongly influenced by the rapid expansion of the e-commerce sector. As the leading e-commerce hub in the GCC, the UAE has seen a substantial increase in online sales, which surged by 53% in 2020 alone, reaching $3.9 billion. This growth has been facilitated by a well-connected digital infrastructure, with mobile connections rising from 17.006 million in 2021 to 20.96 million in 2024 and an impressive internet penetration rate of 99%.

Additionally, major investments, such as Amazon's acquisition of Souq.com and Emaar's establishment of Noon.com, have intensified online retail activities, leading to a greater need for efficient and durable packaging solutions. Plastics, known for their versatility, lightweight nature, and resistance to moisture and corrosion, have become the preferred material for packaging.

Furthermore, the projected growth of the e-commerce sector, with revenues expected to reach $9.38 billion by 2028, is anticipated to significantly increase the demand for plastics in the UAE. Additionally, as online shopping continues to rise, with projected online retail market share increasing from 14.4% in 2024 to 16.5% in 2028, the need for efficient and durable plastic packaging solutions would expand correspondingly.

According to Sumit, Senior Research Associate, 6Wresearch, the packaging industry has been experiencing robust growth due to the increasing demand for convenience, e-commerce, and packaged food and beverages. Single-use Plastic, such as PET bottles and flexible packaging, has seen significant growth in the packaging sector.

The UAE Plastics Market (2024-2030) report provides an in-depth analysis with 12 figures and 5 tables, covered in 67 pages. The report comprehensively covers the market by product and end use. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.