Saudi Arabia Plastic Packaging Market (2024-2030) | Companies, Share, Revenue, Analysis, Size, Outlook, Growth, Trends, Forecast, Industry & Value

Saudi Arabia Plastic Packaging Market Synopsis

The plastic packaging market in Saudi Arabia is projected to grow at a CAGR of 6.3% during the forecast period, 2020-2026. Factors such as growing end use industries, increasing demand for food and beverages in packaged form, rising disposable income and urbanization are expected to drive the growth of the market in the country. The replacement of traditional materials with lightweight & sustainable alternatives has also resulted into an increased demand for plastic packaging solutions across various industries. Moreover, government initiatives are further likely to support the industry over the foreseeable future.

Market Drivers

Increasing Demand from Food & Beverage Industry with a rapidly expanding population and improving standards of living, there is a surge in demand for convenience products especially ready-to-eat meals that require effective packaging solutions which can increase shelf life of perishable goods like dairy products etc., while preserving their freshness and taste; thus driving growth of this market in Saudi Arabia. Increasing environmental awareness among consumers has led companies towards developing ecofriendly packaging options such as bioplastics made up from renewable resources like corn starch instead of fossil fuels based plastics; thereby leading manufacturers to invest more on research activities related to green technologies which would provide them with competitive edge over other players operating within this space.

Challenges of the Market

The production cost associated with biodegradable plastics is much higher than that required for producing conventional petrochemical based plastics; due to lack of appropriate infrastructure present causing difficulties while manufacturing high quality biodegradable polymers which hampers its widespread usage leading onto restraining factors resulting into hampering overall industry performance within country region limit.

Covid 19 Impact on the Market

The COVID-19 pandemic had a positive impact on the global and regional plastic packaging markets throughout 2020 despite supply chain disruptions initially owing to lockdowns imposed by governments around different countries across globe. This was mainly due to high demand from end user industries such as medical supplies and home deliveries since these sectors experienced a surge during this period owing primarily due reduced mobility restrictions imposed by government authorities leading people prefer online shopping or ordering goods through phone calls/mobile applications rather than physical retail stores.

key players of the Market

Some major players operating in Saudi Arabia Plastic Packaging Market include Amcor Limited (Australia), Bemis Company Inc (U.S.), Berry Global Group Inc (U.S.), Mondi Plc.(Austria), Sealed Air Corporation(US) , Sonoco Products Company(US). Others prominent vendors includes Uflex Ltd (India), Coveris Holdings S A (Luxembourg ), Greiner Holding AG( Austria) Inteplast Group Ltd.( Taiwan), Constantia Flexibles Gmbh

Key Highlights of the Report:

• Saudi Arabia Plastic Packaging Market Outlook
• Market Size of Saudi Arabia Plastic Packaging Market, 2023
• Forecast of Saudi Arabia Plastic Packaging Market, 2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Revenues & Volume for the Period 2020-2030
• Saudi Arabia Plastic Packaging Market Trend Evolution
• Saudi Arabia Plastic Packaging Market Drivers and Challenges
• Saudi Arabia Plastic Packaging Price Trends
• Saudi Arabia Plastic Packaging Porter's Five Forces
• Saudi Arabia Plastic Packaging Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Rigid for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Flexible for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Bottles for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Cans for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Wraps & Films for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Bags for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Pouches for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Food & Beverages for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Industrial Packaging for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Pharmaceuticals for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Personal & Household Care for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Plastic Packaging Market Revenues & Volume By Others for the Period 2020-2030
• Saudi Arabia Plastic Packaging Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Applications
• Saudi Arabia Plastic Packaging Top Companies Market Share
• Saudi Arabia Plastic Packaging Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Plastic Packaging Company Profiles
• Saudi Arabia Plastic Packaging Key Strategic Recommendations