Product Code: ETC029879 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia plastic drums market is expected to grow at a CAGR of 5.6% during the forecast period (2025-2031). A plastic drum is basically a large, cylindrical container made from polyethylene (PE) or other types of plastics. The growing demand for chemicals and raw materials has led to an increased use of these containers in various industries such as food and beverage, personal care & cosmetics, chemicals and pharmaceuticals. This has also increased the demand for plastic drums in the country due to their cost effectiveness compared to metal ones.
The rapid industrialization across Saudi Arabia is one of the major factors driving growth in this market. With more focus on diversifying its economy away from oil dependence, the Government??s Vision 2031 plan includes encouraging foreign investments leading to further industrial growth that will consequently drive up consumption levels of packaging products such as plastic drums among others. Another factor driving growth in this market is the increasing emphasis on healthcare services coupled with rising disposable incomes which have resulted into booming pharma industry throughout countries like Saudi Arabia especially with government initiatives like ??Saudi Pharma 2025?? projected towards improving health infrastructure within the country. As pharmaceutical companies require safe storage solutions for storing active ingredients and finished formulations thus there has been rise observed regarding the usage of various kinds of specialized packaging including plastic drums among others.
Fluctuating Oil Prices ?? One challenge faced by this market is fluctuation in crude oil prices which affects economic condition adversely resulting into reduced spending capability amongst consumers thereby hindering overall sales volume within several markets including that of plastics drums throughout Middle East region particularly owing to Saudi Arabia being a major producer as well exporter involving petroleum commodities.
The COVID-19 pandemic has had an adverse impact on the market due to reduced production activities across sectors as well as supply chain disruptions caused by government imposed restrictions.
Key players operating in this market include DWK Life Sciences (DURAN Group), Greif, Inc., Mauser Packaging Solutions, U.S. Plastic Corporation, Berenfield Containers LLC, Polyethylene Terephthalate Products Co., Ltd., and United National Containers India Pvt Ltd among others. These companies are focusing on strengthening their product portfolio through strategic acquisitions and investments in R&D for developing innovative products which can be used for packaging applications including plastic drums in order to gain competitive advantage over other players in this market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Plastic Drums Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Plastic Drums Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Plastic Drums Market - Industry Life Cycle |
3.4 Saudi Arabia Plastic Drums Market - Porter's Five Forces |
3.5 Saudi Arabia Plastic Drums Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Saudi Arabia Plastic Drums Market Revenues & Volume Share, By Head Type, 2021 & 2031F |
3.7 Saudi Arabia Plastic Drums Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Saudi Arabia Plastic Drums Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Saudi Arabia Plastic Drums Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Plastic Drums Market Trends |
6 Saudi Arabia Plastic Drums Market, By Types |
6.1 Saudi Arabia Plastic Drums Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Plastic Drums Market Revenues & Volume, By Material Type, 2021-2031F |
6.1.3 Saudi Arabia Plastic Drums Market Revenues & Volume, By Polyethylene (PE), 2021-2031F |
6.1.4 Saudi Arabia Plastic Drums Market Revenues & Volume, By LDPE, 2021-2031F |
6.1.5 Saudi Arabia Plastic Drums Market Revenues & Volume, By LLDPE, 2021-2031F |
6.1.6 Saudi Arabia Plastic Drums Market Revenues & Volume, By HDPE, 2021-2031F |
6.1.7 Saudi Arabia Plastic Drums Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.8 Saudi Arabia Plastic Drums Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Plastic Drums Market, By Head Type |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Plastic Drums Market Revenues & Volume, By Open head, 2021-2031F |
6.2.3 Saudi Arabia Plastic Drums Market Revenues & Volume, By Tight head, 2021-2031F |
6.3 Saudi Arabia Plastic Drums Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Plastic Drums Market Revenues & Volume, By Less than 10 gallons, 2021-2031F |
6.3.3 Saudi Arabia Plastic Drums Market Revenues & Volume, By 10-30 gallons, 2021-2031F |
6.3.4 Saudi Arabia Plastic Drums Market Revenues & Volume, By 30-55 gallons, 2021-2031F |
6.3.5 Saudi Arabia Plastic Drums Market Revenues & Volume, By 55 gallons and above, 2021-2031F |
6.4 Saudi Arabia Plastic Drums Market, By End-users |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Plastic Drums Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.4.3 Saudi Arabia Plastic Drums Market Revenues & Volume, By Chemical & Petrochemicals, 2021-2031F |
6.4.4 Saudi Arabia Plastic Drums Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.4.5 Saudi Arabia Plastic Drums Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Saudi Arabia Plastic Drums Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.4.7 Saudi Arabia Plastic Drums Market Revenues & Volume, By Oil and lubricants, 2021-2031F |
7 Saudi Arabia Plastic Drums Market Import-Export Trade Statistics |
7.1 Saudi Arabia Plastic Drums Market Export to Major Countries |
7.2 Saudi Arabia Plastic Drums Market Imports from Major Countries |
8 Saudi Arabia Plastic Drums Market Key Performance Indicators |
9 Saudi Arabia Plastic Drums Market - Opportunity Assessment |
9.1 Saudi Arabia Plastic Drums Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Saudi Arabia Plastic Drums Market Opportunity Assessment, By Head Type, 2021 & 2031F |
9.3 Saudi Arabia Plastic Drums Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Saudi Arabia Plastic Drums Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Saudi Arabia Plastic Drums Market - Competitive Landscape |
10.1 Saudi Arabia Plastic Drums Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Plastic Drums Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |