Saudi Arabia folding carton market revenue size is projected to grow at a CAGR of 8.4% during 2023-2029F

By type, the corrugated segment attained the largest revenue share in Saudi Arabia Folding Carton Market – 6Wresearch

In Saudi Arabia folding carton market, on the basis of type, the market was dominated by corrugated boxes in comparison to its counterpart kraft liners as they are sturdier and can be repeatedly closed and opened or utilized over time. The e-commerce business in Saudi Arabia is expected to drive significant growth for the country's retail industry, as 74% of online buyers in the Kingdom are anticipated to switch from international to domestic platforms. This strong projection of a rise in the e-commerce sector would lead to growth in the market for corrugated folding cartons in the forecast period.

According to 6Wresearch, the Saudi Arabia folding carton market revenue size is projected to grow at a CAGR of 8.4% during 2023-2029F. The e-commerce industry in Saudi Arabia is growing significantly with online shopping expected to be worth 50 billion USD by 2025. The rise of e-commerce has led to a surge in online shopping, resulting in a higher demand for carton packaging as cartons are used extensively in the packaging and shipping of products sold online, ensuring safe and secure delivery to customers. The food industry in Saudi Arabia has been witnessing changes over recent years owing to a shift in dietary patterns and a greater reliance on packaged and processed foods with 80% of consumers in the nation being open to purchasing frozen food. Moreover, approximately 60% of Saudis are under the age of 35 and wish to participate in lifestyle changes that have further fueled the rise in packaged food consumption in the country.

According to Shivankar, Research Manager, 6Wresearch, food and beverage sector based on end-use garnered the majority of the market revenue share during the year 2022 and is expected to dominate the market over the coming years on account of the rapid expansion of hospitality sector in the nation, for instance in addition to the 90 hotels that debuted in the Kingdom during the first quarter of 2022, the year 2022 also saw investments in global hotel chains that will add 435,000 new rooms by 2025.

The Saudi Arabia Folding Carton Market (2023-2029) report provides an in-depth analysis with 70 figures and 10 tables, covered in 118 pages. The report comprehensively covers the market by type and end-use. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.