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

Saudi Arabia Electronics Packaging Market Synopsis

The Saudi Arabia electronics packaging market is expected to reach USD 9.86 billion by 2026, registering a CAGR of 6.2% during the forecast period 2020-2026. The growth of the market can be attributed to increasing demand for consumer electronics and rising disposable income in the region along with growing e-commerce industry which is driving online retail sales of electronic items.

Market Drivers

Increasing Demand for Consumer Electronics ?? As per 6wresearch, Saudi Arabia has recorded one of the highest GDP per capita among Middle Eastern countries, primarily due to its large oil reserves and massive investments from foreign companies resulting into an overall increase in disposable incomes in the country over years. This trend has led to an upsurge in expenditure on consumer goods across all segments including luxury products such as smartphones, tablets and laptops amongst others providing ample opportunity for vendors offering protective packaging solutions such as foam inserts and blister packs amongst others thus leading to sustained growth of this segment over time. Along with conventional retail channels, significant traction witnessed by e-commerce platforms have resulted into increased purchase volumes of electronic products through online stores thereby augmenting demand for customized safety packaging solutions suitable for shipment especially given that most packages are shipped through air cargo or express mail services where chances of mishandling are more compared to traditional sea freight shipments being used extensively earlier before emergence these new age logistics operators. Such factors have created a huge potential ground for companies operating within this space thus catapulting their profits manifold times over past few years.

Challenges of the Market

Although several global players operating across multiple geographies exist within this space but competition from low cost Chinese vendors providing similar rangeof offerings at much lower prices have posed challenges since last few years limiting potential revenue growth opportunities considerably particularly impacting small scale domestic players who lack economies of scale enjoyed by larger multinationals owing them immense purchasing power when it comes negotiating better terms/lower prices with suppliers especially plastic resin producers which are key raw material input essentialfor manufacturing finished product. With increasing environmental concerns associatedwith single use plastics , government authorities across various countries includingSaudi Arabiahave imposed stringent regulations on usage/distribution offlexibleplastics especially polyvinyl chloride (PVC)which forms major raw material inputsfor productionof many types electricalitems packaging materialsalthough alternatives such as biodegradable plastics do.

Covid 19 Impact on the Market

The COVID-19 pandemic has impacted several industries across all globally; however, some sectors have been affected more than others due to lockdown restrictions that were imposed by various governments worldwide to contain its spread. Electronics manufacturing companies faced supply chain disruptions owing to shutdowns caused by nationwide lockdowns implemented by many countries around the world during this period which led ledto delays in product delivery & shipment resulting in lesser orders for electronics appliances and packages material required for shipping them from manufacturers & distributors which further resulted into decline in overall revenues generated from their sales activities within Q1 & Q2 FY 2021 .However with gradual easing of these lockdown regulations from mid FY2021 and increasein adopition levels of work from home culture amongst employers coupled with launch of 5G enabled smartphone models alongwith upgradtion trends towards high end8K televisions sets among consumers ,the industry witnessed an improvement both profitabilty margins as well as its revenues figures since then thereby enabling it regain backits lost momentum.

key players of the Market

Major players operating fluently across Saudi Arabia market space include Sealed Air Corporation., Amcor PLC., MeadWestvaco Corporation , Bemis Company Inc., Smurfit Kappa Group Plc., Sonoco Products Company , International Paper Company Global Packaging LLC., Consol Glass (Pty) Ltd etc.. Their wide range offerings includes glass bottles & jars , paperboard boxes , cardboard cartons& corrugated fibre boards etc required primarilyfor packing different typesofelectronics appliances suchas mobile phones,. desktops gadgets even apparels clothing items among others like foodstuffs too attractively accompainedby customized printing solutionsthat induces greater appeal value amongst customers while shopping online or through retail stores thus contributing significantly towards their respective turnovers every financial year.

Key Highlights of the Report:

• Saudi Arabia Electronics Packaging Market Outlook
• Market Size of Saudi Arabia Electronics Packaging Market, 2023
• Forecast of Saudi Arabia Electronics Packaging Market, 2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Revenues & Volume for the Period 2020-2030
• Saudi Arabia Electronics Packaging Market Trend Evolution
• Saudi Arabia Electronics Packaging Market Drivers and Challenges
• Saudi Arabia Electronics Packaging Price Trends
• Saudi Arabia Electronics Packaging Porter's Five Forces
• Saudi Arabia Electronics Packaging Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Material Types for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Plastic for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Metal for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Glass for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By End-users for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Consumer Electronics for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Aerospace and Defense for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Automotive for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Healthcare for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Electronics Packaging Market Revenues & Volume By Others for the Period 2020-2030
• Saudi Arabia Electronics Packaging Import Export Trade Statistics
• Market Opportunity Assessment By Material Types
• Market Opportunity Assessment By End-users
• Saudi Arabia Electronics Packaging Top Companies Market Share
• Saudi Arabia Electronics Packaging Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Electronics Packaging Company Profiles
• Saudi Arabia Electronics Packaging Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):