Saudi Arabia Metal Packaging Market - Growth, Trends, Covid -19 Impact, and Forecasts (2023 - 2028)
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.
Key HighlightsThe Saudi Arabia Metal Packaging Market is moderately fragmented, with a few big players such as Ball Corporation, Crown Holdings Inc., Can-Pack SA, Sonoco Products Company, SAPIN WLL, and more. Companies are expanding their business with new product innovations, acquisitions, collaborations, etc., to increase their market share.
In November 2022, As part of promoting its products and sustainability, SAPIN participated in Gulfood Manufacturing 2022, one of the largest food and beverage processing and packaging shows in the Middle East, Asia, and Africa. The company has grown to become the chosen supplier for national and multinational companies and operates a total of 4 facilities across the K.S.A and U.A.E.
In February 2022, Crown Holdings, Inc. announced that it would work with industry partners to meet new global recycling targets for aluminum beverage cans. The goal is scheduled to be completed by 2030, focusing on metals' recyclability to advance Crown's sustainability efforts and commitment to fostering a more responsible industry. The new targets are related to regions where the company maintains operations, such as EMEA. The company aims to reach 80% recycling rates by working with industry partners.
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