Market Size of Saudi Arabia Plastic Bottles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 194.75 Million |
| Market Size (2029) | USD 238.5 Million |
| CAGR (2024 - 2029) | 4.14 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Plastic Bottles Market Analysis
The Saudi Arabia Plastic Bottles Market size is estimated at USD 194.75 million in 2024, and is expected to reach USD 238.5 million by 2029, growing at a CAGR of 4.14% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 208.69 thousand tonnes in 2024 to 253.63 thousand tonnes by 2029, at a CAGR of 3.98% during the forecast period (2024-2029).
Plastic bottles are crucial in the beverage segment and the food, beverage, cosmetics, and pharmaceutical industries in Saudi Arabia. The growing trends in beverage packaging and the use of recycled materials to make plastic bottles significantly augment the product demand in the country.
- According to the USDA, Saudi Arabia ranks among the world's wealthiest nations. In 2023, the nation's GDP hit USD 1.11 trillion, making it the 15th largest economy globally and the dominant economic force in the Middle East. The growing population, along with increasing online shopping for food and beverages, has resulted in rapid expansion of the retail industry, thereby augmenting the market’s growth.
- The country's growing beverage industry is attributable to burgeoning tourism, buoyed by a rising influx of international tourists. This surge is directly translating into a heightened demand for plastic bottles, especially for non-alcoholic beverages like juices, soft drinks, and energy drinks. According to data by UN Tourism, Saudi Arabia registered an increase of over 390% in demand for tourism activities and welcomed over 100 million tourists in 2023.
- The growing personal care and beauty sector in Saudi Arabia is attributable to the increasing demand for personal grooming and the flourishing e-commerce industry. According to a report from the Chalhoub Group, Saudi consumers are the top spenders on beauty products in the Middle East. The use of plastic bottles for personal care products such as creams, moisturizers, and shampoos augments the product demand in the country.
- Plastic is one of the most used polymers in the country as it has the ability to change and adapt its shape, offering opportunities for making bottles. The availability of substitutes for plastics for packaging, such as metal and glass, as alternatives to single-use plastics in Saudi Arabia can hamper the market’s growth.
