Product Code: ETC023339 | 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 | |
Saudi Arabia Plastic Containers market currently, in 2023, has witnessed an HHI of 2436, Which has increased slightly as compared to the HHI of 1222 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia plastic containers market is expected to grow at a CAGR of 5.8% during the forecast period from 2025 to 2031. This growth can be attributed to various factors such as increasing demand for convenience food products, rising environmental awareness, and growing disposable incomes among consumers in the country. The increased use of plastics in manufacturing personal care and home cleaning products due to their cost-effectiveness has also driven the growth of this market. Furthermore, the utilization of biodegradable packaging materials helps reduce wastage which further propels its demand in the region.
Growing consumer preference towards convenience food products owing to changing lifestyle and busy schedules are driving manufacturers towards using plastic containers for packaging these products, thereby fueling the overall market growth. The rising environmental concerns regarding waste disposal have prompted government initiatives that encourage recycling or proper disposing off of non-biodegradable plastic materials including bottles and other containers used daily by consumers; thus pushing manufacturers towards producing more eco-friendly alternatives like bioplastic containers that help reduce carbon footprints while meeting industrial standards.
Manufacturers face huge costs associated with production processes such as molds design costs when switching over from traditional methods such as aluminum cans or glass bottles towards usage of bioplastics; therefore causing a bottleneck effect against popularizing it further amongst different end user segments hindering its ultimate commercialization potential within this industry segment somewhat often deterring investors away from investing heavily into R&D departments specifically meant only for developing bio-based plastics based container systems instead encouraging them into investing elsewhere where there might be better returns on investments available than here through either reducing material costs or process times associated with it making.
However, the outbreak of COVID-19 pandemic has led to disruption in supply chain operations resulting into shortages of raw materials used for producing plastic containers which is hampering growth prospects of the market temporarily. Despite short term slowdown, long term outlook towards plastics industry remains positive with rising consumer spending on food packaging applications across retail outlets and convenience stores. Moreover, leading players are focusing on capitalizing emerging opportunities arising out of e-commerce industry coupled with increased preference towards ready meals that require safe packaging solutions thereby driving future consumption levels over coming years.
Some key players operating in Saudi Arabia plastic containers market include Al Dahra Plastics Co., SABIC Innovative Plastics LLC., Arabia Fiberglass Insulation Company Ltd., Advanced Polymers Processing Industries (APPI), National Petrochemical Industrial Co., Graco Manufacturing & Packaging Solutions Inc., Replex Plastics Corp., KKPC Group Of Companies etc.
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 Containers Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Plastic Containers Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Plastic Containers Market - Industry Life Cycle |
3.4 Saudi Arabia Plastic Containers Market - Porter's Five Forces |
3.5 Saudi Arabia Plastic Containers Market Revenues & Volume Share, By Material , 2021 & 2031F |
3.6 Saudi Arabia Plastic Containers Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Saudi Arabia Plastic Containers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Plastic Containers Market Trends |
6 Saudi Arabia Plastic Containers Market, By Types |
6.1 Saudi Arabia Plastic Containers Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Plastic Containers Market Revenues & Volume, By Material , 2021-2031F |
6.1.3 Saudi Arabia Plastic Containers Market Revenues & Volume, By PET, 2021-2031F |
6.1.4 Saudi Arabia Plastic Containers Market Revenues & Volume, By PP, 2021-2031F |
6.1.5 Saudi Arabia Plastic Containers Market Revenues & Volume, By HDPE, 2021-2031F |
6.1.6 Saudi Arabia Plastic Containers Market Revenues & Volume, By LDPE, 2021-2031F |
6.1.7 Saudi Arabia Plastic Containers Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Plastic Containers Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Plastic Containers Market Revenues & Volume, By Beverages, 2021-2031F |
6.2.3 Saudi Arabia Plastic Containers Market Revenues & Volume, By Food, 2021-2031F |
6.2.4 Saudi Arabia Plastic Containers Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 Saudi Arabia Plastic Containers Market Revenues & Volume, By Cosmetic, 2021-2031F |
6.2.6 Saudi Arabia Plastic Containers Market Revenues & Volume, By Household Care, 2021-2031F |
6.2.7 Saudi Arabia Plastic Containers Market Revenues & Volume, By Industrial, 2021-2031F |
7 Saudi Arabia Plastic Containers Market Import-Export Trade Statistics |
7.1 Saudi Arabia Plastic Containers Market Export to Major Countries |
7.2 Saudi Arabia Plastic Containers Market Imports from Major Countries |
8 Saudi Arabia Plastic Containers Market Key Performance Indicators |
9 Saudi Arabia Plastic Containers Market - Opportunity Assessment |
9.1 Saudi Arabia Plastic Containers Market Opportunity Assessment, By Material , 2021 & 2031F |
9.2 Saudi Arabia Plastic Containers Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Saudi Arabia Plastic Containers Market - Competitive Landscape |
10.1 Saudi Arabia Plastic Containers Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Plastic Containers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |