Saudi Arabia Metal Packaging Market Size (2024 - 2029)

Saudi Arabia Metal Packaging Market Analysis

The Saudi Arabia Metal Packaging market is expected to grow at a CAGR of 3.1% during the forecast period. One of the key factors behind the growth of the metal packaging market is the increasing consumption of canned foods and beverages. The growing use of metal containers in the food sector is mainly due to their various advantages, such as higher mechanical strength and better sealing than other packaging materials.

• The food and beverage sector has become one of the areas of interest as the region invests in other industries, such as metal packaging, besides oil and gas. The major drivers of the canned food market in Saudi Arabia are the growing urban population, rising foreign population, and rapid innovation in product and packaging solutions.
• Metal cans are widely used to store all kinds of products. In Saudi Arabia, it is also mainly used for industrial storage purposes due to its superior safety and durability of industrial products. Metal may not look flashy, but it is an essential packaging option for manufacturers, industries, and consumers.
• The Saudi Arabia packaging industry follows protective norms required by law for metal containers, making them robust and dependable. Apart from primary shieldings such as mildew and moisture resistance, rust or shock resistance, they also have anti-electromagnetic protection shields - an applicable packaging quality for industrial goods. Such features drive market growth in the country.
• Due to the desert climatic conditions resulting in high-temperature experience, the region's beverage demand is also increasing. However, with most of the region facing alcohol bans, demand metal cans is limited to the use in a non-alcoholic application. Thus the demand in the region is mainly impacted by it.
• The economic impact of the COVID-19 pandemic has pushed Saudi Arabia into recession in 2020, lowering real GDP and the actual value of private consumption and increasing unemployment due to the closure of non-essential businesses. COVID-19 caused a significant and growing impact on the country's metals sector due to significant reductions in demand, supply disruptions, and transportation difficulties in key value chains. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem, with the price of raw materials and energy costs rising.

Saudi Arabia Metal Packaging Industry Segmentation

Packaging is described as enclosing or protecting the products for distribution, storage, sale, and use. Use various metals such as tin plate, aluminum, tin-free steel, stainless steel, and metal-based packaging material in rigid and semi-rigid forms such as cans, foil wraps, and retort pouches are defined as metal packaging. The market defines the revenue generated from the sales of metal products made up of materials such as aluminum and steel across various end-user industries such as beverage, food, industrial and more. The analysis is based on the market insights captured through secondary research and primaries. The market also covers the major factors impacting the growth of the Saudi Arabia Metal Packaging market in terms of drivers and restraints.

Saudi Arabia Metal Packaging Market is Segmented By Materials Type (Aluminum, Steel), Product Type (Cans (Food Cans, Beverage Cans, Aerosol Cans), Bulk Containers, Shipping Barrels and Drums, Caps and Closures), End-User Vertical (Beverage, Food, Paints, and Chemicals, Industrial). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.