Saudi Arabia Plastic Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Saudi Arabian plastic packaging market will register a CAGR of 5.6% during the forecast period. Plastic packaging has become popular among consumers over other products, as plastic is lightweight and unbreakable, and is also easier to handle. Even significant players across regions manufacturers prefer to use plastic packaging, owing to the lower cost of production. Moreover, the introduction of polymers, such as polyethylene terephthalate (PET) and high-density polyethylene (HDPE), is expanding the applications of plastic bottles. The market has been witnessing an increasing demand for PET bottles.
Key HighlightsThe plastic packaging industry is highly fragmented in the country, comprising market incumbents and accompanied by several regional Saudi Arabian contract packaging firms. Sustainable competitive advantage can be gained through design, technology, and application innovation.
In April 2022, Sealed Air announced a partnership on an advanced recycling program that will concentrate on recycling flexible plastics from the food supply chain and recreating them into new certified circular food-grade packaging.
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