Saudi Arabia Plastic Products Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Saudi Arabia Plastic Products market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “Saudi Arabia Plastic Products Market Analysis, 2021”, the Saudi Arabia Plastic Products market is anticipated to grow at a CAGR of around 5% during 2021-26F. The growth the market is accredited to the burgeoning use of injection moulding technology for the plastic product among various end-user such as medical and pharmaceutical, building construction, food & beverages coupled with rising investment for innovation for new packaging solutions and surging use of 3D printing in the manufacturing of plastic.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Region Covered||North, East, West, South, Central|
|Key Companies Profiled||Newell Brands Inc, Compagnie de Saint-Gobain S.A, Sonoco Products Company, Sealed Air Corporation, Berry Plastics Corporation, Tamam Plastic Factory, Taldeen Plastic Solutions Ltd., Rowad National Plastic Company, Falcon Plastic Products Company, National Plastic Factory etc.|
|Unit Denominations||USD Million/Billion|
Medical Segment Acquired the Significant Market Growth
Based on End-User, the Medical segment acquired a significant market share in the Saudi Arabia Plastic Product market. Saudi Arabia is a pharma manufacturing hub in the Middle East region. The rising investment towards the establishment of pharmaceutical processing and packaging units, increasing pharmaceutical company inclination towards producing a number of “innovative” cancer drugs and paradigm shift to produced and packaged medicines and drugs locally are projected to accentuate the growth of Saudi Arabia Plastic Products market in the coming years as revealed by the MarkNtel Advisors’ research report “Saudi Arabia Plastic Products Market Analysis, 2021”.