Market Size of Saudi Arabia Metal Packaging Industry
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Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.10 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Metal Packaging Market Analysis
The Saudi Arabia Metal Packaging market is expected to grow at a CAGR of 3.1% during the forecast period. One of the key factors behind the growth of the metal packaging market is the increasing consumption of canned foods and beverages. The growing use of metal containers in the food sector is mainly due to their various advantages, such as higher mechanical strength and better sealing than other packaging materials.
- The food and beverage sector has become one of the areas of interest as the region invests in other industries, such as metal packaging, besides oil and gas. The major drivers of the canned food market in Saudi Arabia are the growing urban population, rising foreign population, and rapid innovation in product and packaging solutions.
- Metal cans are widely used to store all kinds of products. In Saudi Arabia, it is also mainly used for industrial storage purposes due to its superior safety and durability of industrial products. Metal may not look flashy, but it is an essential packaging option for manufacturers, industries, and consumers.
- The Saudi Arabia packaging industry follows protective norms required by law for metal containers, making them robust and dependable. Apart from primary shieldings such as mildew and moisture resistance, rust or shock resistance, they also have anti-electromagnetic protection shields - an applicable packaging quality for industrial goods. Such features drive market growth in the country.
- Due to the desert climatic conditions resulting in high-temperature experience, the region's beverage demand is also increasing. However, with most of the region facing alcohol bans, demand metal cans is limited to the use in a non-alcoholic application. Thus the demand in the region is mainly impacted by it.
- The economic impact of the COVID-19 pandemic has pushed Saudi Arabia into recession in 2020, lowering real GDP and the actual value of private consumption and increasing unemployment due to the closure of non-essential businesses. COVID-19 caused a significant and growing impact on the country's metals sector due to significant reductions in demand, supply disruptions, and transportation difficulties in key value chains. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem, with the price of raw materials and energy costs rising.
Saudi Arabia Metal Packaging Industry Segmentation
Packaging is described as enclosing or protecting the products for distribution, storage, sale, and use. Use various metals such as tin plate, aluminum, tin-free steel, stainless steel, and metal-based packaging material in rigid and semi-rigid forms such as cans, foil wraps, and retort pouches are defined as metal packaging. The market defines the revenue generated from the sales of metal products made up of materials such as aluminum and steel across various end-user industries such as beverage, food, industrial and more. The analysis is based on the market insights captured through secondary research and primaries. The market also covers the major factors impacting the growth of the Saudi Arabia Metal Packaging market in terms of drivers and restraints.
Saudi Arabia Metal Packaging Market is Segmented By Materials Type (Aluminum, Steel), Product Type (Cans (Food Cans, Beverage Cans, Aerosol Cans), Bulk Containers, Shipping Barrels and Drums, Caps and Closures), End-User Vertical (Beverage, Food, Paints, and Chemicals, Industrial). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Material Type | |
Aluminum | |
Steel |
By Product Type | |||||
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Bulk Containers | |||||
Shipping Barrels and Drums | |||||
Caps and Closures | |||||
Other Product Types |
By End-User Vertical | |
Beverage | |
Food | |
Paints and Chemicals | |
Industrial | |
Other End-User |
Saudi Arabia Metal Packaging Market Size Summary
The Saudi Arabia metal packaging market is poised for growth, driven by the increasing consumption of canned foods and beverages. The sector is gaining traction as the region diversifies its economy beyond oil and gas, with the food and beverage industry emerging as a significant area of interest. Metal packaging offers advantages such as superior mechanical strength and sealing capabilities, making it a preferred choice for food storage. The urbanization and rising foreign population in Saudi Arabia, coupled with rapid innovations in product and packaging solutions, are key factors propelling the demand for metal containers. Despite challenges like the desert climate and alcohol bans limiting beverage applications, the market benefits from the robust and dependable nature of metal packaging, which adheres to protective norms and offers features like mildew, moisture, and rust resistance.
The metal packaging industry in Saudi Arabia is moderately fragmented, with major players like Ball Corporation, Crown Holdings Inc., and SAPIN WLL driving competition through product innovations and strategic partnerships. Government initiatives in the iron and steel sector are expected to bolster the packaging market, while the shift from plastic to metal due to environmental regulations is anticipated to further fuel growth. The market's expansion is supported by increased tourism and the growing presence of international food outlets, which prefer metal cans for their hygiene, safety, and heat-conductivity benefits. Companies are also focusing on sustainability, with efforts to enhance recyclability and reduce carbon footprints, aligning with global environmental goals.
Saudi Arabia Metal Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter Five Forces
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Intensity of Competitive Rivalry
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1.3.5 Threat of Substitutes
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1.4 Impact of COVID-19 on the Paper Packaging Industry in France
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2. MARKET SEGMENTATION
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2.1 By Material Type
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2.1.1 Aluminum
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2.1.2 Steel
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2.2 By Product Type
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2.2.1 Cans
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2.2.1.1 Food Cans
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2.2.1.2 Beverage Cans
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2.2.1.3 Aerosol Cans
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2.2.2 Bulk Containers
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2.2.3 Shipping Barrels and Drums
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2.2.4 Caps and Closures
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2.2.5 Other Product Types
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2.3 By End-User Vertical
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2.3.1 Beverage
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2.3.2 Food
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2.3.3 Paints and Chemicals
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2.3.4 Industrial
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2.3.5 Other End-User
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Saudi Arabia Metal Packaging Market Size FAQs
What is the current Saudi Arabia Metal Packaging Market size?
The Saudi Arabia Metal Packaging Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Metal Packaging Market?
Ball Corporation, Crown Holdings Inc., Can-Pack SA, SAPIN WLL and Sonoco Products Company are the major companies operating in the Saudi Arabia Metal Packaging Market.