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After a surge of over $1.6 billion in new investment and expansion in the GCC paper industry over the past two years, Paper Arabia, the industry’s oldest and highest quality exhibition, is back with a comeback.
Speaking at a media briefing organized by Dubai events and expos pioneer Al Fajer Information and Services, a spokesman for Paper Arabia said a major part of these investments are greenfield projects in the UAE and Saudi Arabia and expansion of existing production facilities to cater to consumers Growing demand for paper products, especially in packaging and hygiene.
“The paper industry in the Middle East has developed over the years and is now one of the fastest growing markets in the world. The disruptions and production bottlenecks brought about by the Covid pandemic have created unprecedented challenges for paper mills around the world, but it has also helped New opportunities have been created in paper packaging and disposable paper products, further fueled by the boom in e-commerce,” said General Nadhal Mohamed. Al Fajer Information and Services Manager.
Growth vein
He said the relaunch of Paper Arabia came against the backdrop of growth in the paper industry. “This is the 12th edition of Paper Arabia, and the response was overwhelming, with nearly 100 companies from 30 countries participating,” he said.
The B2B exhibition will be held at the Dubai International Convention and Exhibition Center from May 16th to 18th, 2023. Saudi Paper Group, the largest tissue manufacturer in the Middle East, is the main sponsor of the show. Since 2007, the organization has steadfastly supported Paper Arabia.
The growth in investment in the paper industry in the Middle East also occurs against the backdrop of the Russia-Ukraine war, a cause of concern in Europe, with implications for the energy-intensive paper industry.
Demand for paper and pulp products in the Middle East and Africa market is driven by increased demand for green packaging solutions, and according to research entity Mordor Intelligence, the market is expected to reach $28.72 billion over the next five years, at a CAGR of 3.28%.
consumer attitude
“Consumer attitudes and preferences have changed, and lately, health and hygiene-conscious consumers have driven the market for disposable items such as paper packaging and paper towels, and per capita consumption of these products is rising,” said Naveen Seth, Assistant Minister, PHD, Indian Chamber of Commerce .
Growing environmental awareness is also driving growth in paper products as governments in the region, especially the UAE, impose restrictions on the use of non-renewable products such as single-use plastics, he said, adding that 30 companies participated in the exhibition in India museum.
Growth in the packaging sector has also grown alongside the boom in e-commerce, which data from UAE Statista estimates now accounts for around 7% of retail spending. — trade arab news agency
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