Saudi Arabia Plastic Packaging Market 2021 Business Scenario – Napco Group (Napco National), ASPCO, Sealed Air Corporation

The Saudi Arabia Plastic Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Saudi Arabian plastic packaging market was valued at USD 8.59 billion in 2020, and it is projected to reach USD 11.93 billion by 2026, registering a CAGR of 5.6% during the period of 2021-2026.

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Top Leading Companies of Saudi Arabia Plastic Packaging Market are Napco Group (Napco National), ASPCO, Sealed Air Corporation (Sealed Air Saudi Arabia), Saudi Basic Industries Corporation (SABIC), Printopack, Zamil Plastic Industries Co., Arabian Plastic Industrial Company Limited, Takween Advanced Industries, Advanced Flexible Packaging Company, Gulf Packaging Industries Limited, 3P Group, Octal Group and others.

Industry News and Updates

February 2020- AgthiaGroup PJSC, one of the region's leading food and beverage companies, announced the launch of Al Ain Plant Bottle, the region's first plant-based water bottle.

June 2020- Aramco announced the completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF). The acquisition of the SABIC stake aids Aramco's long-term downstream strategy to grow its integrated refining and petrochemicals capacity, and create value from integration across the hydrocarbon chain.

Key Market Trends

Polyethylene (PE) Expected To Witness Significant Market Growth

- Polyethylene (PE) is one of the most durable types of plastic that is currently available, as it is resistant to chemicals and available at a low cost. PE is derived from petroleum polymers and can withstand any environmental hazard.

- Polyethylene (PE) and high-density polyethylene (HDPE) are among the most common plastics used for rigid packaging. PE is majorly classified into high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE).

- HDPE plastic is one of the most common plastics used in manufacturing, and is known for its strength and durability. This type of plastic can also be color-matched and is popular in white. It is frequently used in the production of milk cartons and garbage bins.

- Additionally, HDPE is the most widely used resin for plastic bottles. This material is economical, impact-resistant, and acts as a good moisture barrier. While HDPE provides good protection at below-freezing temperatures, it cannot be used with products filled at over 160 F (71 C) or for products requiring a hermetic (vacuum) seal.

Regional Outlook of Saudi Arabia Plastic Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Saudi Arabia Plastic Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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