Saudi Arabia Rigid Plastic Packaging Market Latest Trends, Growing Business Opportunities and Industry Outlook 2022 to 2028

Saudi Arabia Rigid Plastic Packaging Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Saudi Arabia Rigid Plastic Packaging Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Saudi Arabia Rigid Plastic Packaging Market all told its geographical and merchandise segments.

The Saudi Arabia Rigid Plastic Packaging market was valued at USD 5.50 billion in 2019, and it is projected to reach USD 7.50 billion by 2027, registering a CAGR of 5.2% during the period of 2022-2027.

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The Global Saudi Arabia Rigid Plastic Packaging Market is highly competitive and consists of a number of Major Key Players are: SABIC - Saudi Basic Industries Corporation, Zamil Plastic Industries Co., Takween Advanced Industries, Packaging Products Company (PPC), Plastico SPS, Saudi Arabian Packaging Industry WLL (SAPIN), Arabian Plastics Industrial Company Limited (APICO), National Plastic Factory LLC, AL-Ghandoura Co. Manuf. Plastic (GhanPlast), Saudi Plastic Factory Company, Al Nawakheth Factory Company, KANR For Plastic Industries, Coloredsun others.

Industry News:

- March 2022, Superfos, a berry global company, designed an unipak tub for Al Welfa-g Trading and Manufacturing company, which produces sweet and savory products in Saudi Arabia. The Unipak tub is purely made of polypropylene material, and it efficiently carries sweets, like lollipops, with enhanced shelf appeal.
- November 2019 - Berry Global Group, announced a partnership with SABIC, a global chemistry industry leader based in Saudi Arabia, to drive innovation and use of polyolefin resins made from chemical recycling.
- May 2019, Sabic (Riyadh, Saudi Arabia), a manufacturer of petrochemicals, introduced its LNP ELCRIN iQ portfolio of polybutylene terephthalate (PBT) compounded resins. According to the company, it is derived from recycled polyethylene terephthalate (rPET) and supports the circular economy, while reducing plastic waste substantially. The demand for rigid packaging from the food and beverage industry is expected to be constant, driving the demand for PET in the country.

Key Market Trends:

Bottles and Jars are Expected to Hold Major Share
- The studied market is witnessing increased consumer demand, driven by the increasing consumption of plastic bottles and jars. The industries where plastic bottles and jars are highly used in the country include - food and beverage, cosmetics and personal care, and healthcare industries. Saudi Arabia is now witnessing the most considerable growth in the food and beverage industry, compared to other industries. According to the Saudi Arabia Ministry of Commerce and Industry, the beverage and soft drink industries are now among the most mature sectors in the country, constituting a vast majority of the food and beverage sectors' exports.

Food is Expected to Hold the Largest Market Share during the Forecast Period
- In Saudi Arabia, food packaging is one of the largest users of plastics. In the food industry, the demand for rigid plastic packaging is increasing, as the industry is increasingly replacing traditional materials, such as paperboard, metals, and glass, owing to their beneficial properties, such as lightweight and reduced cost.
- The increasing consumption of bakery products in the region is further driving the adoption of rigid plastic packaging solutions, mainly to increase the shelf-life, as well as to avoid chalky bread conditions. Furthermore, companies, like Almarai, cater to a whole variety of baked products and sweets, such as croissants, swiss rolls, cake bars, wafer sticks, and apple strudel, along with its brand '7 Days'.

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The key insights of the Saudi Arabia Rigid Plastic Packaging Market report:

The report provides key statistics on the market status of the Saudi Arabia Rigid Plastic Packaging Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Saudi Arabia Rigid Plastic Packaging Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Saudi Arabia Rigid Plastic Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Saudi Arabia Rigid Plastic Packaging Market Industry before evaluating its feasibility.

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