Saudi Arabia Paper And Paperboard Packaging Market Share

Market Share of Saudi Arabia Paper And Paperboard Packaging Industry

Major players in the Saudi paper and cardboard packaging market include Obeikan Investment Group, Gulf Carton Factory Company, and Eastern Pak Limited, which hold significant market shares with their consistent investments in technological advancements and product launches.

With entry barriers ranging from low to moderate, established companies are meeting the surging demand. As market opportunities expand, new and existing firms feel pressured to invest in product innovations. This dynamic intensifies competition, heightening the competitive rivalry within the market.

To bolster their market presence and engage in fierce competition, companies employ a range of strategies, including mergers and acquisitions, partnerships, and capacity expansions, by installing new machinery.

For example, in January 2023, Crown Paper Mill announced its acquisition of 90,000 square meters of land in Jubail 2, Saudi Arabia, aiming to meet the region's surging demand for paper packaging. The company's newly installed paper machine, boasting a capacity of 65,000 MT annually, is slated to commence operations in the last quarter of 2024.

This shows the competition in the market, thereby having a moderately highly competitive rivalry, which is expected to increase in the forecasted period.

Saudi Arabia Paper And Paperboard Packaging Market Leaders

1. Gulf Carton Factory Company

2. Eastern Pak Limited

3. United Carton Industries Company (UCIC)

4. Gulfeast Paper & Plastic Industries LLC

5. Obeikan Investment Group 

*Disclaimer: Major Players sorted in no particular order