Saudi Arabia Plastic Packaging Market Size (2024 - 2029)

The plastic packaging sector in Saudi Arabia is experiencing significant growth, driven by its expanding market size and the increasing preference for lightweight and unbreakable materials. The country's diverse industrial activities and substantial consumer base, alongside a recovery in the economy, are contributing to the rising demand for plastic packaging. The introduction of advanced polymers is further enhancing the applications of plastic products, particularly PET bottles. Additionally, there is a notable shift towards sustainable and recyclable packaging solutions, influenced by growing environmental awareness among consumers. The market is also benefiting from the popularity of halal beauty products, which is expanding beyond the Muslim community.

Market Size of Saudi Arabia Plastic Packaging Industry

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Saudi Arabia Plastic Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 8.06 Billion
Market Size (2029) USD 9.26 Billion
CAGR (2024 - 2029) 2.81 %
Market Concentration Low

Major Players

Saudi Arabia Plastic Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Plastic Packaging Market Analysis

The Saudi Arabia Plastic Packaging Market size is estimated at USD 8.06 billion in 2024, and is expected to reach USD 9.26 billion by 2029, growing at a CAGR of 2.81% during the forecast period (2024-2029).

Plastic packaging has become popular among consumers over other products, as plastic is lightweight and unbreakable, and is also easier to handle. Even significant players across regions manufacturers prefer to use plastic packaging, owing to the lower cost of production. Moreover, the introduction of polymers, such as polyethylene terephthalate (PET) and high-density polyethylene (HDPE), is expanding the applications of plastic bottles. The market has been witnessing an increasing demand for PET bottles.

  • Saudi Arabia is quickly emerging as one of the key markets in the Middle Eastern area for the plastic packaging sector. Aside from the oil and gas industry, the nation has a sizable consumer base and a broad range of industrial pursuits, contributing to the rapid annual increase in demand for plastic packaging.
  • Additionally, the strong growth in the revenues from the non-oil sector and a considerable recovery in the Saudi Arabian economy due to the reviving crude oil prices are expected to set a positive outlook for the packaging industry in the country. Over the past few years, it has been observed that consumers in the country are moving toward sustainable packaging. Therefore, recyclable plastic packaging is expected to gain traction in the industry.
  • Moreover, Saudi Arabia is witnessing a growing demand for halal beauty products. As the country majorly consists of Islamic population, these products have gained enormous popularity in the region. The popularity of these products is not limited to the Muslim community only. They have also gained importance among non-Muslim consumers, which is the major factor in the region's growth of halal cosmetics and vegan cosmetic products.
  • The increasing awareness of the environmental effect of single-use plastic and unsustainable business practices have empowered consumers to demand a higher standard of products with less environmental impact.
  • Multiple countries changed their usage of single-use plastics due to the COVID-19 epidemic, which affected the market under study. In order to keep up with an increase in demand for single-use plastic packaging and medical goods, supply networks became overburdened.

Saudi Arabia Plastic Packaging Industry Segmentation

Plastic packaging is a part of the multi-faceted system for providing products, from the point of manufacture to the point of consumption. Its principal purpose is to guard and ensure the safe and secure delivery of the product in flawless and perfect condition to the end user (manufacturer of product or consumer). Its role in a circular economy is to sustain the value of a product for as long as required and to help remove product waste.

The market for plastic packaging in Saudi Arabia is segmented by Packaging Rigid (material (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC)), End User Industry (Food, Beverage, Healthcare and Pharmaceutical, Cosmetics and Personal Care), Flexible (material (Polyethene (PE), Bi-orientated Polypropylene (BOPP), Cast Polypropylene (CPP), Polyvinyl Chloride (PVC)), End User Industry (Food, Beverage, Cosmetics and Personal Care), Product type (Plastic Films, Pouches, and Bags)). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Packaging Type
Rigid
Material
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Polystyrene (PS) and Expanded Polystyrene (EPS)
Polyvinyl Chloride (PVC)
End User Industry
Food
Beverage
Healthcare and Pharmaceutical
Cosmetics and Personal Care
Other End User Industries
Flexible
Material
Polyethene (PE)
Bi-orientated Polypropylene (BOPP)
Cast Polypropylene (CPP)
Polyvinyl Chloride (PVC)
Other Flexible Plastic Packaging Materials
End User Industry
Food
Beverage
Cosmetics and Personal Care
Other End User Industries
Product Type
Plastic Films
Pouches
Stand-up
Flat
Bags
Other Product Types
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Saudi Arabia Plastic Packaging Market Size Summary

The plastic packaging industry in Saudi Arabia is experiencing significant growth, driven by the increasing demand for lightweight, unbreakable, and cost-effective packaging solutions. The market is expanding due to the widespread adoption of polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE), which are enhancing the versatility and application of plastic bottles. The country's robust consumer base and diverse industrial activities, alongside the recovery of the non-oil sector and favorable economic conditions, are contributing to the positive outlook for the industry. The shift towards sustainable packaging solutions, such as recyclable plastics, is gaining momentum as consumers become more environmentally conscious. This trend is further supported by the growing popularity of halal and vegan cosmetic products, which are driving demand for innovative packaging solutions.

Saudi Arabia's plastic packaging market is characterized by a fragmented landscape with numerous regional and international players. The food and personal care industries are key drivers of demand for polyethylene, particularly HDPE, due to its durability and versatility. The rise of food delivery services and the increasing number of restaurants are further propelling the demand for disposable packaged foods. Companies are investing in eco-friendly initiatives, such as the establishment of sustainable PET bottling plants, to meet the growing market needs. Partnerships and innovations in recycling technologies are also shaping the industry's future, with companies like Sealed Air and ExxonMobil leading efforts to create circular packaging solutions. The market's growth is supported by strategic investments and collaborations aimed at enhancing product sustainability and performance.

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Saudi Arabia Plastic Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of COVID-19 on the Plastic Packaging Industry in Saudi Arabia

  2. 2. MARKET SEGMENTATION

    1. 2.1 Packaging Type

      1. 2.1.1 Rigid

        1. 2.1.1.1 Material

          1. 2.1.1.1.1 Polyethylene (PE)

          2. 2.1.1.1.2 Polyethylene Terephthalate (PET)

          3. 2.1.1.1.3 Polypropylene (PP)

          4. 2.1.1.1.4 Polystyrene (PS) and Expanded Polystyrene (EPS)

          5. 2.1.1.1.5 Polyvinyl Chloride (PVC)

        2. 2.1.1.2 End User Industry

          1. 2.1.1.2.1 Food

          2. 2.1.1.2.2 Beverage

          3. 2.1.1.2.3 Healthcare and Pharmaceutical

          4. 2.1.1.2.4 Cosmetics and Personal Care

          5. 2.1.1.2.5 Other End User Industries

      2. 2.1.2 Flexible

        1. 2.1.2.1 Material

          1. 2.1.2.1.1 Polyethene (PE)

          2. 2.1.2.1.2 Bi-orientated Polypropylene (BOPP)

          3. 2.1.2.1.3 Cast Polypropylene (CPP)

          4. 2.1.2.1.4 Polyvinyl Chloride (PVC)

          5. 2.1.2.1.5 Other Flexible Plastic Packaging Materials

        2. 2.1.2.2 End User Industry

          1. 2.1.2.2.1 Food

          2. 2.1.2.2.2 Beverage

          3. 2.1.2.2.3 Cosmetics and Personal Care

          4. 2.1.2.2.4 Other End User Industries

        3. 2.1.2.3 Product Type

          1. 2.1.2.3.1 Plastic Films

          2. 2.1.2.3.2 Pouches

            1. 2.1.2.3.2.1 Stand-up

            2. 2.1.2.3.2.2 Flat

          3. 2.1.2.3.3 Bags

          4. 2.1.2.3.4 Other Product Types

Saudi Arabia Plastic Packaging Market Size FAQs

The Saudi Arabia Plastic Packaging Market size is expected to reach USD 8.06 billion in 2024 and grow at a CAGR of 2.81% to reach USD 9.26 billion by 2029.

In 2024, the Saudi Arabia Plastic Packaging Market size is expected to reach USD 8.06 billion.

Plastic Packaging Industry in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)