Saudi Arabia Pharmaceutical Packaging Market 2022 Competitive Insights and Precise Outlook - CCL Industries, Napco Group, Becton, Dickinson and Company, Rexam PLC (Ball Corporation)

The Saudi Arabia Pharmaceutical 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 Arabia Pharmaceutical Packaging market was valued at USD 3.704 billion in 2020 and is expected to reach USD 4.84 billion by 2026 and work at a CAGR of 4.45% over the forecast period (2021-2026).

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Top Leading Companies of Saudi Arabia Pharmaceutical Packaging Market are CCL Industries, Napco Group, Becton, Dickinson and Company, Rexam PLC (Ball Corporation), Sealed Air Saudi Arabia, Sealed Air Saudi Arabia, Salman Group (Noor Carton & Packaging Industry), Jabil Inc., Aptar Group, Amber Packaging Industries LLC and others.

Industry News and Updates

June 2019 - Jabil Packaging Solutions introduced a new suite of Sustainable Packaging Services, that enable packaged goods brands to design and deliver innovative new sustainable packaging formats into the marketplace at speed. As a custom packaging solutions provider with a rich history of transformational brand equity packaging, the company has uniquely positioned itself to work intimately with brands to solve their challenges at a rapid pace, thereby reducing complexity and mitigating risks.

- March 2019 - Saudi Basic Industries Corporation introduced its COHERE S-series, produced using NEXLENE technology. It was developed in response to market demand for solutions with more effective sealing properties to protect its contents better, and properties to allow higher production efficiency in the flexible packaging industry. This will potentially support the reduction of waste and cost savings.

Key Market Trends

Increase in Diabetic Patients is Expected to Boost the Market in the Country

- Non-communicable diseases such as diabetes, cardiovascular disease, and cancer have become the leading cause of death among Saudi Arabia population. This is due to a sedentary lifestyle, obesity, high tobacco use, and poor dietary choices. The World Health Organization (WHO) figures indicate that 33.7% of Saudi Arabia adults are obese, and 68.2% are overweight.

- Moreover, the number of diabetics in the country has also increased recently. Owing to this, government initiatives are driving the usage of healthcare products and services.

- In support to this, as the government policies in the country are biased in favor of domestic producers, providing them with exemptions, including interest-free funding, subsidized utility charges, and no import duties on raw materials and intermediate products, the increased demand for the cures for diseases such as diabetes are expected to create a significant demand for packaging in the country.

Regional Outlook of Saudi Arabia Pharmaceutical 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 Pharmaceutical 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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