Saudi Arabia Plastic Packaging Market Research Report: Forecast (2024-2030)

Saudi Arabia Plastic Packaging Market - By Material (Polyethylene Terephthalate [PET], Polyethylene [PE], Polypropylene [PP], Polystyrene, Polyvinyl Chloride [PVC], Others), By Pac......kaging Types (Rigid Plastic Packaging, Flexible Plastic Packaging), By End User (Food & Beverage, Healthcare & Pharmaceutical, Cosmetics & Personal Care, Chemical, Others) and others Read more

  • FMCG
  • Feb 2024
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Market Insights & Analysis: Saudi Arabia Plastic Packaging Market Keyword Market (2024-30):

The Saudi Arabia Plastic Packaging Market is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. The industry growth is attributed to the rising consumption of packaged food, the thriving pharmaceutical sector, and surging demand for halal cosmetics. The country has observed a surge in expatriates, propelled by numerous job opportunities created through the Vision 2030 initiative. According to the World Migration Report 2022, Saudi Arabia has attracted approximately 13.5 million expatriate workers. This influx of expatriates has led to an uptick in the consumption of ready-to-eat foods, including microwaveable meals, pre-packaged salads, snacks, and sandwiches. Consequently, the escalated consumption of packaged foods has contributed to the growing demand within the Plastic Packaging Market in Saudi Arabia.

Furthermore, the thriving pharmaceutical sector is bolstering the market, as the country is witnessing increasing interest from pharmaceutical giants like Novartis, Pfizer, Sanofi, and Merck. For instance:

  • In 2023, CDMO National Resilience announced a joint venture with Lifera to develop biopharma manufacturing capacity in Riyadh.
Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-30) 5.3%
Region Covered West, East, South, Central
Key Companies Profiled 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 and others
Unit Denominations USD Million/Billion

 

This attraction is primarily driven by the country's expansive & growing population, robust healthcare infrastructure, and the government's committed initiatives to advance the sector, aligning with its Vision 2030 plan. Thus, increasing expansion of pharmaceutical manufacturers to the country is estimated to generate the demand for plastic packaging solutions in the projection period to guarantee the safety, reliability, and effectiveness of pharma products.

Saudi Arabia Plastic Packaging Market Driver:

Increasing Investment in the Food & Beverage Industry to Accelerate the Market – Prominent food and beverage companies, including PepsiCo & Nestle, are making substantial investments to augment their production capacities. Hence, this rising investment by major companies in the expansion of production capacity has propelled the demand for packaging, further driving the Saudi Arabia Plastic Packaging Market. The proliferation of production facilities by these key players has a direct impact on the industry, driving a greater requirement for plastic packaging solutions to accommodate the growing output and ensure the secure & efficient delivery of their products to the market. Furthermore, the government has been consistently investing in the food and beverage industry to enhance local production capacities. For instance:

  • In 2023, the Saudi Authority for Industrial Cities invested USD61.8 million to expand the production capacity of chocolate, yogurt, etc., in the Kingdom.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Saudi Arabia Plastic Packaging Supply Chain Analysis
  5. Saudi Arabia Plastic Packaging Market Trends & Developments
  6. Saudi Arabia Plastic Packaging Market Dynamics
    1. Drivers
    2. Challenges
  7. Saudi Arabia Plastic Packaging Market Hotspot & Opportunities
  8. Saudi Arabia Plastic Packaging Market Regulations & Policy
  9. Saudi Arabia Plastic Packaging Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Size & Analysis
      1. By Material
        1. Polyethylene Terephthalate (PET) - Market Size & Forecast 2019-2030 (Thousand Tons)
        2. Polyethylene (PE) - Market Size & Forecast 2019-2030 (Thousand Tons)
        3. Polypropylene (PP) -Market Size & Forecast 2019-2030 (Thousand Tons)
        4. Polystyrene-Market Size & Forecast 2019-2030 (Thousand Tons)
        5. Polyvinyl Chloride (PVC) -Market Size & Forecast 2019-2030 (Thousand Tons)
        6. Others (Polylactic Acid, Polycarbonate, etc.) -Market Size & Forecast 2019-2030 (Thousand Tons)
      2. By Packaging Types
        1. Rigid Plastic Packaging- Market Size & Forecast 2019-2030 (Thousand Tons)
        2. Flexible Plastic Packaging- Market Size & Forecast 2019-2030 (Thousand Tons)
      3. By End User
        1. Food & Beverage- Market Size & Forecast 2019-2030 (Thousand Tons)
        2. Healthcare & Pharmaceutical- Market Size & Forecast 2019-2030 (Thousand Tons)
        3. Cosmetics & Personal Care- Market Size & Forecast 2019-2030 (Thousand Tons)
        4. Chemical- Market Size & Forecast 2019-2030, USD (Million)
        5. Others (Textiles, Agriculture, etc.)- Market Size & Forecast 2019-2030 (Thousand Tons)
      4. By Region
        1. West
        2. East
        3. South
        4. Central
      5. By Competition
        1. Competition Characteristics
        2. Market Shares & Analysis
  10. Saudi Arabia Rigid Plastic Packaging Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2019-2030 (Thousand Tons)
      2. By Packaging Type- Market Size & Forecast 2019-2030 (Thousand Tons)
        1. Bottles & Jars
        2. Trays & Containers
        3. Tubs, Cups, & Pots
        4. Others (Cartons, Caps & Closure, etc.)
      3. By End User- Market Size & Forecast 2019-2030 (Thousand Tons)
  11. Saudi Arabia Flexible Plastic Packaging Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Size & Analysis
      1. By Material- Market Size & Forecast 2019-2030 (Thousand Tons)
      2. By Packaging Type- Market Size & Forecast 2019-2030 (Thousand Tons)
        1. Pouches
        2. Roll stock
        3. Bags
        4. Sachets
        5. Films & Wraps
      3. By End User- Market Size & Forecast 2019-2030 (Thousand Tons)
  12. Saudi Arabia Plastic Packaging Market Key Strategic Imperatives for Growth & Success
  13. Competition Outlook
    1. Company Profiles 
      1. Napco National
        1. Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Arabian Plastics Industrial Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. ASPCO
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Zamil Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Takween Advanced Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Al Othman Holding
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Asia Plastic & Packaging
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Saudi Plastic Factory
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Packaging Products Company (PPC)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. 3 P Gulf Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  14. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

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Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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