Saudi Arabia Rigid Plastic Packaging Market Report and Forecast 2024-2032

Saudi Arabia Rigid Plastic Packaging Market Outlook

The Saudi Arabia rigid plastic packaging market size reached approximately USD 7.32 billion in 2023. The market is projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 11.98 billion by 2032.

Key Trends in the Market

Rigid plastic packaging refers to a category of packaging materials characterised by their stiff and robust structure, providing a protective enclosure for various products. These materials are widely used for packaging a variety of products across different sectors for several advantages, such as durability, strength, and the ability to protect products from external factors like moisture and contaminants.

• With consumers looking for ease and products that can be taken on the go, there has been an increased need for packaging that is light, long-lasting, and easy to carry. Rigid plastic packaging fits these requirements, making it a popular option for both producers and consumers. The transforming lifestyle of people and their preferences have thus played a significant role in boosting the Saudi Arabia rigid plastic packaging market growth.

• The sustained economic growth and industrialisation is one of the primary drivers for the Saudi Arabia plastic packaging market. As the nation continues to diversify its economy beyond oil, there has been a significant focus on manufacturing and industrial development. The packaging sector, including rigid plastic packaging, has witnessed increased demand as a result of the growing manufacturing sector.

• The rapid development of e-commerce has substantially propelled the Saudi Arabia rigid plastic packaging market demand. The increasing popularity of online shopping has led to a surge in demand for secure and durable packaging to ensure the safe delivery of products. Rigid plastic packaging, with its protective qualities, has become a preferred choice for e-commerce packaging.

Market Segmentation

Based on material, the market can be segmented into polyethylene terephthalate (PET), polyethylene (PE), polystyrene (PS), polypropylene (PP), polyvinyl chloride (PVC), and expanded polystyrene (EPS), among others.

The Saudi Arabia rigid plastic packaging market segmentation, based on product type, includes trays and containers, bottles and jars, cups and closures, and blister and clamshell packs, among others. Based on end-use, the market can be categorised into food, beverages, healthcare and pharmaceuticals, and cosmetics and personal care, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia rigid plastic packaging market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Obeikan Investment Group

• OCTAL Holding SAOC

• National Plastic Factory

• Zamil Plastic Corporation

• 3P Gulf Group

• Takween Advanced Industries Co.

• Napco National

• Arabian Plastics Industrial Company Limited

• Others

Market Share by Material

According to the Saudi Arabia rigid plastic packaging market analysis, the demand for polyethylene terephthalate (PET) is likely to increase during the forecast period owing to its advantageous properties, such as transparency, lightweight, and cost-effectiveness.

Furthermore, PET is highly recyclable, aligning with increasing environmental awareness and sustainability goals. The recyclability of PET makes it an environmentally friendly choice, reducing the environmental impact associated with plastic packaging.

Market Share by Product Type

PET bottles and jars are lightweight and transparent, which allows cost-effective transportation of the product and allows consumers to inspect the contents easily. Its utilisation for personal care and pharmaceutical products is propelled by the material's inert nature and resistance to chemical reactions making it a safe and reliable choice for pharmaceutical packaging.

The increasing consumption of bottles and jars is expected to significantly influence the Saudi Arabia rigid plastic packaging market share during the forecast period, owing to their increasing use in different sectors, such as food and beverage, personal care, and pharmaceutical, among others.

Competitive Landscape

Obeikan Investment Group is a prominent Saudi Arabian conglomerate with a diversified portfolio of businesses spanning various industries. Established in 1982, the group has played a significant role in the economic development of the Kingdom of Saudi Arabia. Obeikan Investment Group operates across sectors such as packaging, media, real estate, and education.

OCTAL Holding SAOC is a global leader in the production of PET (Polyethylene Terephthalate) resin and sheet, headquartered in the Sultanate of Oman. The company is known for its state-of-the-art PET resin and sheet manufacturing facilities, leveraging advanced technology to meet the demands of diverse sectors including packaging, beverage, and consumer goods.

National Plastic Factory, based in the United Arab Emirates, is a leading manufacturer of plastic packaging and piping products. National Plastic Factory specialises in the production of a diverse range of plastic products, including packaging materials, pipes, and fittings. The company's products cater to sectors such as construction, agriculture, and packaging.

Other key players in the Saudi Arabia rigid plastic packaging market are Zamil Plastic Corporation, 3P Gulf Group, Takween Advanced Industries Co., Napco National, and Arabian Plastics Industrial Company Limited, among others.

Key Highlights of the Report