Saudi Arabia Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.37 Million tonnes |
| Market Volume (2029) | 0.47 Million tonnes |
| CAGR (2024 - 2029) | 4.71 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Container Glass Market Analysis
The Saudi Arabia Container Glass Market size in terms of shipment volume is expected to grow from 0.37 Million tonnes in 2024 to 0.47 Million tonnes by 2029, at a CAGR of 4.71% during the forecast period (2024-2029).
As glass emerges as a recyclable material, its sustainability has garnered heightened attention. This shift has led manufacturers and consumers to favor glass over plastic, prioritizing environmental considerations in the country.
- Saudi Arabia ranks among the world's wealthiest nations. In 2023, the nation's GDP hit USD 1.11 trillion, making it the 15th largest economy globally and the dominant economic force in the Middle East. USDA data highlights Saudi Arabia's burgeoning market for premium food products. The Saudi populace is keenly interested in novel food offerings, particularly benefiting U.S. products entering the market.
- Saudi Arabia's younger demographic is increasingly gravitating towards ready-to-eat meals, home meal replacements, fast food, and takeaway options. Additionally, the country's roughly 13 million expatriates bolster the demand for ethnic cuisines and a diverse range of non-alcoholic beverages, fueling market expansion.
- Alcohol consumption is deemed haram, or forbidden, in Islam. Yet, in a move signaling social liberalization, the historically conservative kingdom inaugurated its first liquor store in over seven decades in January 2024, catering to non-Muslim diplomats. This shift is projected to boost the demand for container glass in the nation.
- Saudi manufacturers, including the National Company for Glass Industries (ZOUJAJ) and Saudi Arabian Glass Company Limited, emphasize product innovation. They boast machinery adept at producing diverse glass containers tailored for the food, beverage, and pharmaceutical sectors.
- Nonetheless, the higher production costs of glass compared to alternatives such as plastic can be a deterrent for manufacturers in Saudi Arabia. Profitability can be affected by the fluctuating prices of essential raw materials, including silica sand, soda ash, limestone, and natural gas. Furthermore, as Saudi Arabia relies on imports for certain raw materials, it faces potential cost increases and supply disruptions.
Saudi Arabia Container Glass Market Trends
Beverage Segment is Expected to Dominate the Market
- The Saudi government's evolving stance and a globally influenced consumer base signals a promising future for the kingdom's non-alcoholic beverage glass bottle market. Through initiatives like Vision 2030 and the Global Supply Chain Resilience Initiative, Saudi Arabia aims to diversify its economy and move beyond its historical dependence on oil revenues.
- Carbonated drinks have become ingrained in Middle Eastern beverage culture. Saudi Arabia's 18- to 24-year-old population is the predominant consumer of these fizzy drinks. Catering to diverse regional palates, Saudi carbonated beverages offer a range of flavors. Furthermore, with a surge in tourism, there's a notable uptick in the demand for non-alcoholic beer.
- Changing consumer preferences and a rising health-conscious demographic fuel the demand for no-added-sugar and sugar-free juices and drinks, leading to a broader interest in diverse flavors and formulations that enhance the demand for container glass in the country.
- Ranking among the top 10 markets for non-alcoholic beverages, Saudi Arabia showcases a robust demand for products like malt-based soft drinks, which are likely to be packaged in glass bottles. Furthermore, as the nation invests heavily in international sports and entertainment to enhance its global stature, the non-alcoholic beverage sector, especially in glass bottle packaging, stands poised for significant growth.
- With the growth of religious tourism and an expanding population, beverage consumption in Saudi Arabia is rising. According to the General Authority for Statistics (Saudi Arabia), the manufacturing revenue of beverages in Saudi Arabia in 2019 was USD 3.03 billion and it has reached USD 3.12 in 2023. Therefore, rise in beverage manufacture revenues indicate the demand for container glass market in the country.
Pharmaceutical Segment Expected to Hold High Market Share
- Saudi Arabia dominates the Gulf Cooperation Council (GCC) countries, accounting for 60% of their healthcare expenditures. The Saudi government places a high priority on the healthcare sector. The pharmaceutical and medical devices industry in Saudi Arabia has recently experienced significant growth. While local pharmaceutical companies produce around 16% of the nation's medicines, Saudi Arabia still constitutes roughly 59.4% of the Gulf region's pharmaceutical purchases.
- Saudi manufacturers, including the National Company for Glass Industries (ZOUJAJ), operate advanced furnaces and production lines, yielding an impressive annual output of 135,000 tons of glass. Additionally, ZOUJAJ crafts custom pharmaceutical glass containers, catering to local producers and esteemed international brands.
- Pharmaceutical companies from the U.S. and various Asian countries are targeting Saudi Arabia, eager to capitalize on its expanding industry. With Saudi Arabia's significant healthcare expenditures, international pharmaceutical firms recognize a golden opportunity. For instance, in October 2024, Eisai Co., Ltd. announced the commencement of full-scale operations at its newly established pharmaceutical sales subsidiary, Eisai Pharmaceuticals Single Person Limited Liability Company, in Riyadh, Saudi Arabia. Eisai Saudi Arabia operates as a wholly-owned subsidiary under Eisai's European regional headquarters, Eisai Europe Ltd., based in the U.K.
- Moreover, Indian companies stand poised to establish local production for intricate generics. Entering the Saudi market not only serves Indian pharmaceutical interests but also unlocks prospects in the 57 nations of the Organisation of Islamic Cooperation. Under Vision 2030, Saudi Arabia is set to revamp its healthcare system, emphasizing restructuring, privatization, and technological advancements.
- India's pharmaceutical expertise and Saudi Arabia's investment capabilities and strategic market access pave the way for a symbiotic partnership. Moreover, as Saudi Arabia's pharmaceutical exports grow, so does the demand for container glass within the nation. Data from United Nations Comtrade reveals that Saudi Arabia's pharmaceutical exports surged from USD 403 million in 2021 to USD 557 million in 2023.
Saudi Arabia Container Glass Industry Overview
Saudi Arabia's Container Glass market is consolidated with the presence of key players such as the National Company for Glass Industries (ZOUJAJ), Saudi Arabian Glass Company Limited, Mahmood Saeed Glass Industry Company, and Saudi American Glass Company. These companies are actively pursuing a larger share of the Saudi market through strategies such as research and development, mergers and acquisitions, product innovation, and market expansion for a higher market share.
Saudi Arabia Container Glass Market Leaders
-
National Company for Glass Industries (ZOUJAJ)
-
Saudi Arabian Glass Company Limited
-
Mahmood Saeed Glass Industry Company
-
Saudi American Glass Company
-
Saham Group
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Container Glass Market News
- November 2023: Zoujaj Glass announced that it will set up a sixth line for glass container production at its facility in Riyadh, Saudi Arabia by investing SAR 46.6 Million (USD 12.4 Million) which is expected to be completed by December 2024. This will increase the company's plant’s annual capacity by approximately 25,000 MT. Currently, the plant can produce approximately 123,000 MT of glass containers per annum.
- July 2024: Lallemand Pharma has partnered significantly with Avalon Pharma, a prominent player in Saudi Arabia's pharmaceutical landscape. Their joint mission is to enhance respiratory health throughout the Kingdom.
Saudi Arabia Container Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Import Export Data of Container Glass
4.3 PESTLE Analysis
4.4 Industry Standards and Regulations for Container Glass Use for Packaging
4.5 Sustainability Trends for Packaging
4.6 Container Glass Furnace Capacity and Location in Saudi Arabia
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Food & Beverage Industry in the Country
5.1.2 Rising Product Innovation by Manufacturers
5.2 Market Challenge
5.2.1 Higher Production Cost of Glass Likely to Hamper Product Demand
5.3 Trade Scenerio - Analysis of the Historical and Current Export Import Paradigm for Container Glass Industry in Saudi Arabia
6. MARKET SEGMENTATION
6.1 By End-User Industry
6.1.1 Beverage
6.1.1.1 Non-Alcoholic Beverages
6.1.1.1.1 Carbonated Soft Drinks
6.1.1.1.2 Water and Other Non-Alcoholic Beverages
6.1.2 Food
6.1.3 Cosmetics
6.1.4 Pharmaceutical (Excluding Vials and Ampoules)
6.1.5 Other End-User Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 National Company for Glass Industries (ZOUJAJ)
7.1.2 Saudi Arabian Glass Company Limited
7.1.3 Mahmood Saeed Glass Industry Company
7.1.4 Saudi American Glass Company
7.1.5 Saham Group
- *List Not Exhaustive
8. ANALYSIS OF MAJOR FURNACE SUPPLIERS TO MAJOR CONTAINER GLASS PLANTS IN THE REGION**
9. FUTURE OUTLOOK OF THE MARKET
Saudi Arabia Container Glass Industry Segmentation
Container glass is designed for crafting glass containers, including bottles, jars, drinkware, and bowls. Its key attributes include chemical inertness, sterility, and non-permeability, rendering it especially sought after in the beverage, food, pharmaceutical, and cosmetic sectors. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
Saudi Arabia's Container Glass Market is Segmented by End-User Industry ((Beverages (Non-Alcoholic Beverages (Carbonated Soft Drinks, Water, and Other Non-Alcoholic Beverages)), Food, Cosmetics, Pharmaceutical, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Volume (Tonnes) for all the Above Segments.
| By End-User Industry | ||||||
| ||||||
| Food | ||||||
| Cosmetics | ||||||
| Pharmaceutical (Excluding Vials and Ampoules) | ||||||
| Other End-User Industries |
Saudi Arabia Container Glass Market Research FAQs
How big is the Saudi Arabia Container Glass Market?
The Saudi Arabia Container Glass Market size is expected to reach 0.37 million tonnes in 2024 and grow at a CAGR of 4.71% to reach 0.47 million tonnes by 2029.
What is the current Saudi Arabia Container Glass Market size?
In 2024, the Saudi Arabia Container Glass Market size is expected to reach 0.37 million tonnes.
Who are the key players in Saudi Arabia Container Glass Market?
National Company for Glass Industries (ZOUJAJ), Saudi Arabian Glass Company Limited, Mahmood Saeed Glass Industry Company, Saudi American Glass Company and Saham Group are the major companies operating in the Saudi Arabia Container Glass Market.
What years does this Saudi Arabia Container Glass Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Container Glass Market size was estimated at 0.35 million tonnes. The report covers the Saudi Arabia Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Container Glass Industry Report
Statistics for the 2024 Saudi Arabia Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Container Glass analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
