How big is the Saudi Arabia Plastic Packaging market?
According to MarkNtel Advisors study, The Saudi Arabia Plastic Packaging Market size is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30.
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Saudi Arabia Plastic Packaging Market Trend:
Launch of Sustainable Packaging Solutions – The rise of sustainable packaging solutions among plastic packaging companies in Saudi Arabia mirrors a broader shift towards environmental responsibility. This trend aligns with increasing global and local awareness of plastic pollution and other environmental issues. Additionally, changing consumer preferences in the country favor eco-friendly products, leading end-user industries to seek sustainable packaging solutions. This has prompted manufacturers such as Sabic and Napco to introduce more environmentally friendly plastic packaging options. For instance:
- In 2023, SABIC introduced a new TF-BOPE film for frozen food packaging applications. The new solution enables brand owners & retailers to minimize packaging material consumption & environmental impact.
Moreover, governments and regulatory bodies are imposing stricter regulations on plastic usage and waste management, further resulting in the introduction of sustainable packaging solutions to comply with evolving environmental regulations.
Leading Companies in the Saudi Arabia Plastic Packaging market:
- Napco National
- Arabian Plastics Industrial Company
- ASPCO
- Zamil Group
- Takween Advanced Industries
- Al Othman Holding
- Asia Plastic & Packaging
- Saudi Plastic Factory
- PPC
- 3 P Gulf Group
- others
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Saudi Arabia Plastic Packaging Market Segmentation:
By Material
- Polyethylene Terephthalate (PET) – Market Size & Forecast 2019-2030 (Thousand Tons)
- Polyethylene (PE) – Market Size & Forecast 2019-2030 (Thousand Tons)
- Polypropylene (PP) -Market Size & Forecast 2019-2030 (Thousand Tons)
- Polystyrene-Market Size & Forecast 2019-2030 (Thousand Tons)
- Polyvinyl Chloride (PVC) -Market Size & Forecast 2019-2030 (Thousand Tons)
- Others (Polylactic Acid, Polycarbonate, etc.) -Market Size & Forecast 2019-2030 (Thousand Tons)
By Packaging Types
- Rigid Plastic Packaging- Market Size & Forecast 2019-2030 (Thousand Tons)
- Flexible Plastic Packaging- Market Size & Forecast 2019-2030 (Thousand Tons)
Rigid Plastic Packaging Solutions are gaining demand due to factors like surging requirements for bottled water, development of the e-commerce sector, and many more.
By End User
- Food & Beverage- Market Size & Forecast 2019-2030 (Thousand Tons)
- Healthcare & Pharmaceutical- Market Size & Forecast 2019-2030 (Thousand Tons)
- Cosmetics & Personal Care- Market Size & Forecast 2019-2030 (Thousand Tons)
- Chemical- Market Size & Forecast 2019-2030, USD (Million)
- Others (Textiles, Agriculture, etc.)- Market Size & Forecast 2019-2030 (Thousand Tons)
Regional/ Countries Insight:
- West
- East
- South
- Central
Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.
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