Saudi Arabia Flexible Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.45 Million tonnes |
| Market Volume (2029) | 0.59 Million tonnes |
| CAGR (2024 - 2029) | 5.57 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Flexible Plastic Packaging Market Analysis
The Saudi Arabia Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.45 Million tonnes in 2024 to 0.59 Million tonnes by 2029, at a CAGR of 5.57% during the forecast period (2024-2029).
Flexible plastic packaging finds extensive applications across a spectrum of product categories and industries in Saudi Arabia, including pharmaceuticals, cosmetics, personal care products, and food and beverages. Its attributes, such as prolonging product shelf life and ease of handling, have propelled its adoption across diverse sectors.
As the world's leading oil exporter, Saudi Arabia has strategically diversified its economy, emphasizing industries like tourism, logistics, finance, healthcare, and retail. Bolstered by significant investments in technology, the country's packaging industry, especially those offering sustainable solutions, is witnessing a surge in demand.
Government investments in healthcare infrastructure have catalyzed the growth of Saudi Arabia's pharmaceutical industry. As reported by the International Trade Administration, in 2023, the Saudi government allocated a substantial USD 50.4 billion to the healthcare industry.
Driven by a surging consumer need for cosmetic and personal care items, including creams, oils, makeup, and skincare products, the demand for flexible packaging in Saudi Arabia has soared. Companies like Napco National are capitalizing on this trend, offering a range of customizable cosmetic packaging solutions, notably pouches and sachets, crafted from high-barrier films for enhanced product protection.
However, the mounting concerns over plastic packaging waste in Saudi Arabia are casting a shadow on the market's growth trajectory. With a heightened focus on sustainability and a push for alternative solutions to plastic, many companies are reevaluating their packaging strategies across various industries.
Saudi Arabia Flexible Plastic Packaging Market Trends
The Polyethylene (PE) Segment is Expected to Dominate the Market
- Polyethylene (PE), a widely used thermoplastic resin polymer in the packaging industry, is gaining traction in Saudi Arabia. This surge is primarily driven by the rising popularity of its variants, notably low-density polyethylene (LDPE) and high-density polyethylene (HDPE), lauded for their robust barrier properties and durability.
- Moreover, polyethylene (PE) packaging, known for its leak-proof nature and ability to shield products from moisture, is increasingly favored in the market studied. The upsurge in demand for stand-up pouches and laminate films crafted from polyethylene (PE) for food packaging is a testament to their strength and protective attributes, ensuring the integrity of delicate products.
- Recognizing the market's potential, numerous manufacturers in Saudi Arabia are ramping up their capabilities. They are investing in cutting-edge machinery, such as the recent move by Al-Shamrani in April 2024, where it acquired a new BOBST Vision CI flexo press for bolstering the company's polyethylene (PE)-based flexible packaging production. Such strategic investments not only enhance production but also aim to carve a niche in the fiercely competitive packaging landscape.
- While Saudi Arabia's demand for plastics surges, the nation heavily relies on imports, primarily from the United States, China, and India. Data from the Plastics Exports Promotion Council highlights a significant uptick in plastic imports from India to Saudi Arabia, with a 40.66% growth in 2023 compared to the previous year, underlining the market's expansion.
The Food Industry is Expected to Dominate the Market
- The Saudi Arabian food and HoReCa industry is witnessing robust growth, propelled by a surging population, a rising cadre of working professionals, a notable expatriate presence, and a pronounced appetite for diverse culinary offerings. Moreover, heightened consumer awareness in the region, emphasizing nutritional value and healthy eating, is fueling a surge in demand for fresh and organic food items. The preference for flexible plastic packaging is bolstered by the lightweight and durable nature of pouches, especially in the realm of food packaging.
- As highlighted in a report by the United Trade Administration, Saudi Arabia's foodservice sector presents a lucrative landscape for the packaging industry. The influx of international restaurant franchises and a burgeoning appetite for fast-food giants like McDonald's, KFC, and Subway are driving the need for premium packaging solutions, including pouches, bags, films, and wraps.
- Regional players are actively investing in R&D for food packaging, leveraging platforms like trade shows and expos to amplify their market reach. For instance, in February 2024, Taghleef Industries, a subsidiary of Saudi Arabia's Takween Advanced Industries, unveiled its cutting-edge innovations at the Saudi Food Manufacturing Show 2024. The company's showcase featured a diverse array of high-barrier flexible packaging films tailored for the food industry, boasting properties that shield food from moisture, oxygen, and other contaminants.
- With an escalating urbanization rate and a growing appetite for packaged and ready-to-eat foods, Saudi Arabia's food consumption is poised for significant expansion. Projections from Alpen Capital, a UAE-based financial institute, suggest that by 2027, food consumption in Saudi Arabia may hit 31.2 million metric tons.
Saudi Arabia Flexible Plastic Packaging Industry Overview
The Saudi Arabian flexible plastic packaging market features a fragmented landscape, with notable players, including Napco National, Zamil Plastic Industries, and Sonoco Products Company. These industry leaders are strengthening their market foothold through strategies like new product launches, mergers, acquisitions, and active participation in key industry events and trade shows.
- In July 2023, Napco National, a Saudi Arabian packaging giant, announced the acquisition of Rotopak, a prominent packaging company in the United Arab Emirates. This strategic acquisition is poised to bolster Napco National's product portfolio and solidify its market presence across the Middle East.
Saudi Arabia Flexible Plastic Packaging Market Leaders
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Napco National
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Sonoco Products Company
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Zamil Plastics Industries
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ENPI Group
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Sealed Air Corporation
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Flexible Plastic Packaging Market News
- June 2024: Arabian Plastic Industrial Co. Ltd (APICO), headquartered in Saudi Arabia, unveiled its latest manufacturing facility in Al Kharj City, spanning 34,000 square meters. This strategic move is likely to bolster APICO's foothold in the Saudi Arabian market.
- April 2024: SABIC, a prominent chemical firm in Saudi Arabia, collaborated with Napco National and FONTE to introduce a new flexible packaging line for bakery items. These packages are exclusively crafted from post-consumer recycled plastics, underlining a strong commitment to sustainability.
Saudi Arabia Flexible Plastic Packaging 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 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Pharmaceutical Sector to Propel Demand for Flexible Plastic Packaging
5.1.2 Rising Demand for Cosmetic and Personal Care Products
5.2 Market Challenge
5.2.1 Growing Concerns Regarding the Environment to Hamper Market Growth
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Polyethene (PE)
6.1.2 Bi-oriented Polypropylene (BOPP)
6.1.3 Cast Polypropylene (CPP)
6.1.4 Polyvinyl Chloride (PVC)
6.1.5 Ethylene Vinyl Alcohol (EVOH)
6.1.6 Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS)
6.2 By Product Type
6.2.1 Pouches
6.2.2 Bags
6.2.3 Films and Wraps
6.2.4 Other Product Types (Blister Packs, Liners, etc)
6.3 By End-User Industry
6.3.1 Food
6.3.1.1 Candy & Confectionery
6.3.1.2 Frozen Foods
6.3.1.3 Fresh Produce
6.3.1.4 Dairy Products
6.3.1.5 Dry Foods
6.3.1.6 Meat, Poultry, And Seafood
6.3.1.7 Pet Food
6.3.1.8 Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
6.3.2 Beverage
6.3.3 Medical and Pharmaceutical
6.3.4 Personal Care and Household Care
6.3.5 Other End user Industries ( Automotive, Chemical, Agriculture)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Napco National
7.1.2 Sonoco Products Company
7.1.3 Packaging Products Company (PPC)
7.1.4 Saudi Plastic Factory Company
7.1.5 Zamil Plastic Industries
7.1.6 Arabian Plastic Industrial Company Limited (APICO)
7.1.7 Takween Plastics Industries
7.1.8 NPF Advanced Plastic Solutions
7.1.9 ENPI Group
- *List Not Exhaustive
7.2 Heat Map Analysis
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK
Saudi Arabia Flexible Plastic Packaging Industry Segmentation
The study on the Saudi Arabian flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material. It tracks the market size for respective end-user types. The estimates for the market studied include all the costs associated with the manufacturing of flexible plastic packaging, from raw material procurement to end-use industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been considered.
The Saudi Arabia Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture]). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.
| By Material Type | |
| Polyethene (PE) | |
| Bi-oriented Polypropylene (BOPP) | |
| Cast Polypropylene (CPP) | |
| Polyvinyl Chloride (PVC) | |
| Ethylene Vinyl Alcohol (EVOH) | |
| Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS) |
| By Product Type | |
| Pouches | |
| Bags | |
| Films and Wraps | |
| Other Product Types (Blister Packs, Liners, etc) |
| By End-User Industry | ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Medical and Pharmaceutical | ||||||||||
| Personal Care and Household Care | ||||||||||
| Other End user Industries ( Automotive, Chemical, Agriculture) |
Saudi Arabia Flexible Plastic Packaging Market Research FAQs
How big is the Saudi Arabia Flexible Plastic Packaging Market?
The Saudi Arabia Flexible Plastic Packaging Market size is expected to reach 0.45 million tonnes in 2024 and grow at a CAGR of 5.57% to reach 0.59 million tonnes by 2029.
What is the current Saudi Arabia Flexible Plastic Packaging Market size?
In 2024, the Saudi Arabia Flexible Plastic Packaging Market size is expected to reach 0.45 million tonnes.
Who are the key players in Saudi Arabia Flexible Plastic Packaging Market?
Napco National, Sonoco Products Company, Zamil Plastics Industries, ENPI Group and Sealed Air Corporation are the major companies operating in the Saudi Arabia Flexible Plastic Packaging Market.
What years does this Saudi Arabia Flexible Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Flexible Plastic Packaging Market size was estimated at 0.42 million tonnes. The report covers the Saudi Arabia Flexible Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Flexible Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Flexible Plastic Packaging Industry Report
Statistics for the 2024 Saudi Arabia Flexible Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Flexible Plastic Packaging 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.
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