Saudi Arabia Plastic Packaging Market 2022 Global Insights and Business Scenario – Napco Group (Napco National), ASPCO, Sealed Air Corporation (Sealed Air Saudi Arabia), Saudi Basic Industries Corporation (SABIC)

Market Insights Reports has added new statistical data to its repository titled as, Saudi Arabia Plastic Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Saudi Arabia Plastic Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

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 Key Players in the 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 Update:

- 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.
- Moreover, HDPE is used in food packaging for juice and milk jugs, squeeze butter and vinegar bottles, and chocolate syrup containers. HDPE is also one of the materials used for packaging personal care products, like body wash, lotion, shampoo, and conditioner. This is primarily due to its improved barrier properties, enhanced shelf life, and consumer preferences. The growth of the food and personal care industries in Saudi Arabia is driving the need for PE, thereby, impacting the market’s growth positively.

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This Saudi Arabia Plastic Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Saudi Arabia Plastic Packaging market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

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About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Saudi Arabia and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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