Saudi Arabia Plastic Packaging Films Market Size (2024 - 2029)

Saudi Arabia Plastic Packaging Films Market Analysis

The Saudi Arabia Plastic Packaging Films Market size is estimated at 1.03 Million tonnes in 2024, and is expected to reach 1.21 Million tonnes by 2029, growing at a CAGR of 3.27% during the forecast period (2024-2029).

• Saudi Arabia's dominance in polymer production within the GCC (Gulf Cooperation Council) region is a significant factor that will positively impact the country's plastic packaging film market. According to the Gulf Petrochemicals and Chemicals Association, Saudi Arabia is the dominant polymer producer in the region, commanding a substantial 68% share of the region's total output.
• As the leading polymer producer, Saudi Arabia has direct access to raw materials required for manufacturing plastic packaging films. This reduces import dependency, ensuring a stable and cost-effective supply of polymers.
• The government of Saudi Arabia is investing in sustainable solutions for collecting, sorting, and recycling plastic waste to implement eco-friendly solutions across the plastic value chain. For instance, in December 2023, the Alliance to End Plastic Waste signed a memorandum of understanding (MoU) with the Saudi Investment Recycling Company (SIRC). The focus on recycling and sustainable practices can drive innovation in the development of recycled plastic films.
• The changing consumer preferences and the growing number of women purchasing personal care products in GCC countries have boosted the demand for personal care in the Saudi Arabian market.
• According to a report by Chalhoub Group, a UAE-based luxury goods distributor and retailer, women in Saudi Arabia and Kuwait are engaged users of makeup and fragrances. The growing use of makeup in Saudi Arabia to create a simple look, especially for the eyes, has resulted in growing sales of personal care products in the region.
• Personal care products often have specific requirements for preservation and protection from external factors like moisture, air, and light. Plastic packaging films provide excellent barrier properties, ensuring product integrity and shelf life. This functional benefit will contribute to the growing demand for these films.
• The governments in Saudi Arabia are increasingly focusing on mitigating plastic waste, eliminating unnecessary single-use plastic packaging film items through innovations, and redesigning and adopting a reuse delivery model. The confluence of the above facts has resulted in a paradigm shift of plastic packaging film manufacturing brands towards eco-friendly packaging and attention to sourcing materials, including biodegradable plastic and paper packaging.

Saudi Arabia Plastic Packaging Films Industry Segmentation

Plastic film packaging refers to various thin plastic materials that wrap or protect products. These films are commonly used in the food, beverage, pharmaceutical, and other industries. The report tracks the demand for converted packaging films across major resin and application types. This encompasses a range of materials and uses, reflecting the market's varied requirements and the evolving preferences of consumers and businesses.

The Saudi Arabia plastic packaging films market is segmented by type (polypropylene {biaxially oriented polypropylene [BOPP], cast polypropylene [CPP]} and polyethylene {low-density polyethylene [LDPE] and linear low-density polyethylene [LLDPE]}, polyethylene terephthalate {biaxially oriented polyethylene terephthalate [BOPET]}, polystyrene, bio-based, and PVC, EVOH, PETG, and other film types), end-user industry (food {candy and confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products [seasonings and spices, spreadable, sauces, condiments, etc.]}, beverage, healthcare, personal care and home care, industrial packaging, other end-user industries). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.