Market Share of Saudi Arabia Paper And Paperboard Packaging Industry
The paper and paperboard packaging market in Saudi Arabia is dominated by major companies like Obeikan Investment Group, Gulf Carton Factory Company, Eastern Pak Limited, NAPCO National, and Middle East Paper Company. These players hold a substantial market share due to consistent investments in technological advancements and product launches. With entry barriers ranging from low to moderate, existing companies are effectively meeting the rising demand. The market's growth potential has led new and established firms to invest in product innovations, intensifying competition and resulting in a semi-consolidated landscape.
- In August 2023 - The Saudi Public Investment Fund (PIF) informed the signing of a binding agreement to acquire a 23.08% stake in the Middle East Paper Company (MEPCO) for approximately SAR 630 million (USD 168 million). According to the agreement, MEPCO will increase its capital by up to SAR 866.7 million (USD 231.054 million) by suspending the priority right.
- In July 2023 - Napco National strategically expanded its packaging portfolio and market reach by successfully acquiring Rotopak, a leading supplier of printed flexible and paperboard packaging solutions. This acquisition aligns with Napco's vision to develop high-value products and tailored services for industries in GCC, emphasizing its commitment to addressing societal needs and environmental considerations through its offerings.
Saudi Arabia Paper And Paperboard Packaging Market Leaders
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Gulf Carton Factory Company
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Gulf East Paper & Plastic Industries LLC
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Obeikan Investment Group
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Eastern Pak Limited
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United Carton Industries Company (UCIC
*Disclaimer: Major Players sorted in no particular order
