According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Saudi Arabia Plastic Packaging Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Saudi Arabia Plastic Packaging Market Analysis and Size

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.

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Some of the major players operating in the Saudi Arabia Plastic Packaging Market are 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.

Saudi Arabia Plastic Packaging Market Growth 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.

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.

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Market Segment and Geographical Analysis

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)

By Region

• West
• East
• South
• Central

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