Packaging Industry in Saudi ArabiaCompanies (2024 - 2029)

Packaging Industry in Saudi Arabia Companies Summary

The packaging industry in Saudi Arabia, also known as the Saudi Arabia packaging market, is undergoing significant changes, largely influenced by changing demographics, urbanization, and consumer patterns. The industry has seen an increase in the use of plastic as a packaging material due to its lightweight, durable, and user-friendly properties. The growth of industries in Saudi Arabia, along with the availability of raw materials, has also contributed to the increased demand for packaging solutions. In an effort to diversify its economy and reduce dependency on oil and gas revenues, Saudi Arabia is planning to develop other industries. The use of rigid packaging materials, such as paper and paperboard, is expected to increase due to government initiatives to limit plastic usage and their recyclable properties. The packaging industry consists of several regional and international players, leading to a fragmented market with no significant market share for any single entity. The ban on plastic is expected to affect competition among manufacturers producing plastic packaging. The packaging industry also plays a significant role in the retail sector, with government initiatives aimed at developing other industries to reduce dependency on oil and gas revenues.