Market Share of Saudi Arabia Rigid Plastic Packaging Industry
The rigid plastic packaging industry is highly fragmented in Saudi Arabia, with market incumbents such as SABIC, Takween, Zamil Plastics, and Saudi Plastic Factory Company, accompanied by several regional Saudi Arabian contract packaging firms. Although the barriers to entry for new players are high, regional packaging companies are witnessing value in foraying, especially in the rigid packaging industry, owing to significant demand from industrial, food, beverage, and other end-user industries.
- May 2022 - SABIC introduced the LNP ELCRIN WF0061BiQ resin, made from ocean-bound plastic waste (PET) bottles, for chemical upcycling into polybutylene terephthalate (PBT) resin.
- January 2022 - SABIC announced a new collaboration with Ella's Kitchen, the United Kingdom's leading baby food brand, to create a new cap from recycled plastic. Over 3.5 million of Ella's Kitchen's Organic Strawberries and apple pouches were to have this new cap and be on the shelves in UK stores.
Saudi Arabia Rigid Plastic Packaging Market Leaders
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SABIC (Aramco Chemicals Company)
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Zamil Plastic Industries Co.
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Arabian Plastic Industrial Company Limited
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Takween Advanced Industries
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3P Gulf Group
*Disclaimer: Major Players sorted in no particular order
