Saudi Arabia Flexible Plastic Packaging Market Size (2024 - 2029)

Saudi Arabia Flexible Plastic Packaging Market Analysis

The Saudi Arabia Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.45 Million tonnes in 2024 to 0.59 Million tonnes by 2029, at a CAGR of 5.57% during the forecast period (2024-2029).

Flexible plastic packaging finds extensive applications across a spectrum of product categories and industries in Saudi Arabia, including pharmaceuticals, cosmetics, personal care products, and food and beverages. Its attributes, such as prolonging product shelf life and ease of handling, have propelled its adoption across diverse sectors.

As the world's leading oil exporter, Saudi Arabia has strategically diversified its economy, emphasizing industries like tourism, logistics, finance, healthcare, and retail. Bolstered by significant investments in technology, the country's packaging industry, especially those offering sustainable solutions, is witnessing a surge in demand.

Government investments in healthcare infrastructure have catalyzed the growth of Saudi Arabia's pharmaceutical industry. As reported by the International Trade Administration, in 2023, the Saudi government allocated a substantial USD 50.4 billion to the healthcare industry.

Driven by a surging consumer need for cosmetic and personal care items, including creams, oils, makeup, and skincare products, the demand for flexible packaging in Saudi Arabia has soared. Companies like Napco National are capitalizing on this trend, offering a range of customizable cosmetic packaging solutions, notably pouches and sachets, crafted from high-barrier films for enhanced product protection.

However, the mounting concerns over plastic packaging waste in Saudi Arabia are casting a shadow on the market's growth trajectory. With a heightened focus on sustainability and a push for alternative solutions to plastic, many companies are reevaluating their packaging strategies across various industries.

Saudi Arabia Flexible Plastic Packaging Industry Segmentation

The study on the Saudi Arabian flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material. It tracks the market size for respective end-user types. The estimates for the market studied include all the costs associated with the manufacturing of flexible plastic packaging, from raw material procurement to end-use industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been considered.

The Saudi Arabia Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture]). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.