Food Automation Market by Manufacturers, Regions, Type and Application, Forecast to 2026

Market Trends for Food Automation in the Global Industry Acquire a Massive Increase in the Next Few Years Contains information on the state of growth, competitive environment, and development model in various parts of the world.The United Arab Emirates (UAE) container glass market was valued at USD 220.22 million in 2019 and is expected to reach a value of USD 252.47 million by 2025, at a CAGR of 2.19%, over the forecast period (2020-2025).This study focuses on niche markets, potential risks, and detailed strategic strategy analysis across a variety of industries. Competitive Advantage in the Global Nano Sensors Industry

Get Free Sample Pages before Purchase:

https://www.marketintelligencedata.com/reports/84640/food-automation-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=ICH_03

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, to leverage the opportunity. The increase in cosmetic products usage is expected to drive the growth of the 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.
– Also demand from end-user industries drives the market. A wide range of food is packed in glass containers. Liquid and solid foods can be stored in glass packages for long periods of time, without any adverse effects on the quality or flavor of the product. The packaging is an essential part of pharmaceutical products and the drug delivery system in the pharmaceutical industry, as it should protect products from physical damage, biological contamination, and all the adverse external influences. Also the cosmetics industry is also witnessing higher demand for glass bottles and containers, owing to a more premium appearance of glass packaging.

Key Market Trends
Beverage has the Largest Share in the Market Presently
– Glass, being a versatile material for packaging, preserves the original taste of the drink, without altering its quality. According to Government of Dubai, the market size for beverages was 11 Billion AED in 2017 and it is estimated to increase to 14 Billion AED in 2021 in UAE. Also, the markets with greatest potential for United Arab Emirates` exports of Beverages are Saudi Arabia, Oman, and Iraq. This factor drives the demand for the market.
– However, the availability of alcoholic beverages is very limited, if not non-existent, owing to the Islamic Sharia Law, followed in the region, which prohibits the use or consumption of alcohol for spiritual reasoning.
– Moreover, the non-alcoholic beverage segment includes packaging solutions for juice, soda, milk, ready-to-drink coffee and tea, carbonated drinks, and sports and energy drinks. Flavored beverages are gaining popularity in the region, as health and wellness consumers are more interested in a variety of different taste options. According to Government of Dubai, Non-alcoholic beverages will continue to grow well over the next five years to 2021, at 5.9% in UAE.

Inquire for an Exclusive Discount on this Research Report:

https://www.marketintelligencedata.com/reports/84640/food-automation-market-growth-trends-and-forecast-2020-2025/discount?Mode=ICH_03

Pharmaceutical has Significant Share in the Market
– The Middle Eastern region significantly depends on pharmaceuticals and medical drugs. The United Arab Emirates shares similar climatic and geographic features and follows a similar trend. In September 2018, the UAE Cabinet approved a Federal Budget of AED 60.3 billion for 2019, of which the healthcare sector is expected to receive AED 4.40 billion.
– Light and UV penetration concerns have led to the high use of amber bottles in the pharmaceutical industry. For instance, amber-colored bottles provide maximum protection from all different wavelengths of light and are mandated in case of many drugs.
– Besides, government initiatives in the field have further propelled the market. With the collaboration of supply chain members and government, a proper chain for recycling is created, which may assist the vendors in the market and is expected to cut the cost.
– Moreover, in UAE patented drugs provide maximum percentage of sales. According to Government of Dubai, Patented drugs make approx 67% of total sales yearly and pharma sector focuses to innovate new drugs. For instance, in June 2017, the MoH signed a memorandum of understanding with Jebel Ali Free Zone Authority (Jafza) for the development of the pharmaceutical and healthcare sector, with focus on reducing the regulatory barriers. As part of the agreement, the United Arab Emirates is aiming to attract 75 innovative drug makers to the Jebel Ali free zone by 2021.

Competitive Landscape
The level of market concentration is low, while the advertising expense is moderate. The power of competitive strategy is also supportive, while firm concentration is moderate. Competition to capture the best geographic position and lowest costs is high in the market studied. Exiting the market is also difficult, as the investment made by the companies active in the market is high and can result in sunk cost if they wish to exit. Overall, the intensity of competitive rivalry is high. Some of the key players in the market include Frigoglass SAIC, Middle East Glass Manufacturing Company SAE, Saverglass SAS among others. Some key recent developments in the market are:
– March 2019 – SAVERGLASS released new glass packaging, the Heritage Collection, to celebrate the essence of the Grands Crus, the Heritage Collection presents top-of-the-range glassware, whose silhouettes hail back to the values of authenticity seen in the historical archives.
– December 2018 – Frigoglass announced to invest EUR 25-30 million to expand its furnace capacity at the Beta Glass Guinea plant, located in Agbara, Ogun state.

Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

About MARKET INTELLIGENCE DATA

Contact:

+1 (704) 266-3234

Mail to : sales@marketintelligencedata.com

 

Related Articles

Back to top button