The UAE’s annual imports of paper and cardboard average USD 1.43 billion from 2015 to 2021. Investing in a cardboard factory in the UAE is regarded as a promising investment opportunity in 2022, aligning with the country’s strategy to reduce import dependency and strengthen the domestic economy. This aligns with the UAE’s initiative to promote non-oil industries and fulfill the aspirations of Vision 2030.
What is a carton factory?
The factory produces corrugated and gusseted cartons according to the specifications requested by customers. The carton industry stands as one of the most significant modern industries due to the growing demand for carton in packaging and wrapping various products as its durability and tear resistance.
Global carton industry indicators
In 2021, the global market value of folding carton products reached approximately USD 140.42 billion. It is expected to reach USD 196.05 billion by 2030, indicating a CAGR of 3.8%.
The number of paper products’ establishments in the UAE is estimated at 310. According to recent statistical analyses, this number is increasing at an average annual rate of 3%. This indicates that establishing a carton factory in the UAE would facilitate keeping pace with the growth of a promising and rapidly expanding market.
The average annual growth rate of paper establishments is 3%
Don’t hesitate to contact the Mashroo3k Investor Services team for obtaining further details on the latest economic sector indicators and investment opportunities in the UAE, as well as prominent financing entities supporting prosperous investment projects in the UAE.
