Future of the Saudi Arabia Plastic Packaging Market - Growth, Size, and Top Player, & Analysis Report for 2024-2030

Business Jan 28, 2025 16 Add to Reading List

MarkNtel Advisors analyses the growth rate of the Saudi Arabia Plastic Packaging market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Saudi Arabia Plastic Packaging market, helping them make informed decisions.

Market Outlook – 2024-2030:

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.

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Key Company Profiles

This report explores recent significant developments in the Saudi Arabia Plastic Packaging Market, focusing on the leading companies and their innovative profiles. The major players in the Saudi Arabia Plastic Packaging Market, featured in this report, include:

Napco National
Arabian Plastics Industrial Company
Business Description
ASPCO
Zamil Group
Takween Advanced Industries
Al Othman Holding
Asia Plastic & Packaging
Saudi Plastic Factory
Packaging Products Company (PPC)
3 P Gulf Group
Others

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Saudi Arabia Plastic Packaging Market to forecast revenues and analyse trends across each of the following sub-markets:

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)
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)

The Food & Beverage sector has secured a significant share and is poised to continue dominating the market in the coming years.

By Region
- West
- East
- South
- Central

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What are the primary factors driving the growth of the Saudi Arabia Plastic Packaging Market?

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.

With the expansion of the food and beverage industry, there has been an upsurge in the production volume of various products. Hence, this higher output translated to an elevated demand for packaging materials and plastic packaging, known for its versatility & cost-effectiveness.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.