The Gulf Cooperation Council (GCC) includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates(UAE). The GCC is a regional, political, economic and intergovernmental union headquartered in Riyadh city of Saudi Arabia.
Overview of Commercial Printing in Gulf Cooperation Council (GCC)
Commercial Printing refers to the transfer of artwork or print onto paper, cardboard in large volumes. It is used to produce brochures, magazines, newsletters, books etc.
Local players largely dominate the Commercial Printing industry in Gulf Cooperation Council (GCC). The developed economies like Saudi Arabia and UAE have multinational Printing giants apart from big local groups. The market is brand-driven, and established brands work on high margins. Product differentiation and technological up-gradation have contributed to healthy competition and improved industrial practices.
Forecast:
The Commercial Printing market in Gulf Cooperation Council (GCC) countries promises a great opportunity and dynamic growth due to economic growth, consumerism and rich resources. The petroleum products needed to produce ink are abundantly available in countries part of the Gulf Cooperation Council. Hence, the Commercial Printing market is slated to see steady growth in 2021-26.
Major trends in Gulf Cooperation Council (GCC) Commercial Printing
- The Gulf Cooperation Council (GCC) Commercial Printing market is going through technological advancement. Inkjet technology, electrophotography and Gravure Printing are the new methods that are driving volumes and expansions.
- Switch to advanced digital high-speed technology from traditional offset printing.
- There has been a shift towards eco-friendly inks as people are now concerned about the environment making industry owners modify packaging guidelines. Use of eco-friendly printing techniques is also energy-efficient and economical.
- Food-safe ink has been a trend as people have become more informed about health and toxic substances.
- The rising Commercial Printing market has carved a place for allied industries paper, raw material, printers, inks, printing equipment suppliers and raw material suppliers.
- The developed economies of Saudi Arabia, Oman and UAE are expected to grow owing to their flourishing economic environment.
Drivers of market growth in Commercial Printing Industry in GCC countries
- Great popularity of newspapers even in the digital age.
- Developing packaging industry in Saudi Arabia, UAE and Oman has led to huge demand in Flexographic ink printing.
- Growth in demand for magazines Gulf since 2013
- Consumer products are seeing a rise, and hence related products like flexible packaging and labels, corrugated cardboards, commercial Printing, foldable cardboard has seen a steep rise.
- Growing consumerism and spending capacity has contributed to the overall growth of the market.
- The geopolitical reasons-
The Gulf Cooperation Council consists of oil-rich economies surrounded by countries with scarce resources and huge populations. Crude Oil has been a major driver in the economy but fluctuating crude oil prices have made the administrators introduce diversification and alternative drivers for economic growth.
Commercial Printing has thus become a major interest for investors, industrialists and sellers.
- Analysis of the Commercial Printing market in different economies of GCC suggests that Saudi Arabia sees great growth because of its thriving packaging market. It has about a 72% share in the overall packaging market of the GCC countries.
Saudi Arabia produces most of the polymers used in Printing because of its developed petrochemical industry.
Key players of the GCC Commercial Printing market
United Ink Production, Du Pont, Ashland, DSM, T&K Toka
