Market Share of Packaging Industry in Saudi Arabia
The packaging industryin Saudi Arabia consists of several regional players, as well as international players, with a significant presence in the region. Due to the huge number of competitors, the market is fragmented with no player existing with a significant market share. Furthermore, packaging solutions demand better control on value chain for competitive pricing and one-point solution, which is offered for strategic advantage.With the amendments passed to ban plastic, the competition is expectedto decrease, due to the adverse effects on the manufacturers producing plastic packaging.
- May 2019 -Amcor Limited and Bemis Company Inc.announced that regulatory clearance has been received from the US Department of Justice in relation to the combination of the two companies. A condition of this approval is the previously announced sale of certain Amcor assets located in the United States to Tekni-Plex Inc.
- Feb 2019 - Amcor Limited launched Genesis, a new in-store recyclable laminate solution, which is targeting a wide range of segments, including fresh fruits and vegetables, frozen food, dried fruits and nuts, confectionery, chilled goods, and pet food. The product is adaptable to a variety of packaging types, and it is appropriate for specific medical, home, and personal care markets.
- Feb 2019 - Gulf Printing and Packaging are paving the path for future growth, as they are looking for scope in the food packaging market. Additionally, they are planning to have further expansion in the future.
Saudi Arabian Packaging Market Leaders
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ASPCO
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Sapin
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Napco National
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PRINTOPACK
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Al-Shams Printing Packaging & Trading Co.
*Disclaimer: Major Players sorted in no particular order
