Saudi Arabia Plastic Packaging Market Overview and Insights:
According to Markntel Advisors Report, 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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Industry Growth Driver:
Surging Adoption of Halal Cosmetics to Bridge Future Growth – The primary factor driving the adoption of halal cosmetics is the adherence to Islamic principles. Consumers in Saudi Arabia seek products that comply with Islamic Law, and halal cosmetics ensure that they are free from prohibited ingredients. Moreover, increased awareness among consumers about the ingredients in cosmetics has led to a greater demand for transparency, resulting in higher demand for halal cosmetics across the country and fueling the need for plastic packaging solutions from cosmetic distributors & manufacturers.
What is Included in Saudi Arabia Plastic Packaging Market Segmentation?
The report has segmented the market into the following categories:
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. The Saudi government’s initiatives, including Vision 2030 and the National Industrial Strategy, play a pivotal role in promoting & supporting the growth of the food & beverage sector. These initiatives aim to diversify the economy and enhance self-sufficiency in food production. This resulted in the demand for plastic packaging solutions from the booming food & beverage sector. Furthermore, the country is witnessing the growing expansion of food factories due to heightened consumer demand for convenience, diversification of the economy, and foreign direct investment. For instance:
By Region
– West
– East
– South
– Central
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Who are the Key Players Operating in the Saudi Arabia Plastic Packaging Industry?
The top companies of the Saudi Arabia Plastic Packaging market ruling the industry are:
- 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
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FAQs (Frequently Ask Questions)
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