The Saudi Arabia Paper And Paperboard Packaging Market size is estimated at USD 2.22 billion in 2024, and is expected to reach USD 2.84 billion by 2029, growing at a CAGR of 4.24% during the forecast period (2024-2029).
The growing demand for customer-friendly packages and heightened product protection is expected to boost corrugated packaging as a viable and cost-effective solution in Saudi Arabia. Paper and Paper board packaging options such as corrugated boxes and folding cartons are some of the most versatile and cost-effective formats to package and deliver goods, with diverse possibilities in a visually appealing product.
The Saudi Arabian paper and paperboard packaging market comprises major companies such as Obeikan Investment Group, Gulf Carton Factory Company, and Eastern Pak Limited, occupying a major market share owing to regular investment in technological advancements and product launches. Furthermore, as the entry to the barrier is low to moderate, the existing companies are catering to the increasing demand. Also, with the growing opportunity in the market, new and current companies are being compelled to invest in product innovations. As a result, it increases the market's competition, rendering it semi-consolidated.
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