Saudi Arabia Plastic Products Market Share, Size & Competitive Analysis 2028
Future Saudi Arabia Plastic Products Market: Key Dynamics, Size & Share Analysis
The Saudi Arabia Plastic Products Market size was valued at USD 8.3 billion in 2022 and is projected to grow at a CAGR of around 3.2% during the forecast period, i.e., 2023-28. The market is driven primarily by the kingdom's thriving economy, high standard of living, and increased consumer spending. The country’s most ambitious initiative, Saudi Vision 2023, which includes mega infrastructure development projects, are creating the need for plastic materials, ranging from pipes & fittings to insulation & packaging solutions, for various purposes.
Top Opportunity Impacting the Saudi Arabia Plastic Products Market Growth
Steady Rise in the Demand for Biodegradable Plastics - The implementation of new regulations in Saudi Arabia requiring plastic products to be made of approved oxo-biodegradable material cites a promising growth prospect for the plastic products market in the country. The demand for environmentally friendly biodegradable plastics is likely to grow as businesses & consumers seek compliant alternatives. This shift impacts a wide range of plastic products and encourages innovations and the adoption of advanced solutions. By capitalizing on this opportunity, the key players operating in the Saudi Arabia plastic products industry can align with sustainability goals, propel economic growth, and contribute to a greener future.
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Understanding the Core Segments in the Saudi Arabia Plastic Products Market
Saudi Arabia Plastic Products Market Size, Share & Industry Trends Analysis- By Product (Bottles & Containers, Bags & Pouches, Packaging Materials, Pipes & Fittings, Films & Sheets, Foam Products, Others (Molded Products, etc.)), By Technology (Injection Molding, Extrusion Molding, Blow Molding, Others), By End-User (Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others), By Region (North, East, West, South, Central), By Competitors, (Newell Brands Inc, Compagnie de Saint-Gobain S.A, Sonoco Products Company, Sealed Air Corporation, Berry Plastics Corporation, Tamam Plastic Factory, Taldeen Plastic Solutions Ltd., Rowad National Plastic Company, Falcon Plastic Products Company, National Plastic Factory and Others
Geographical Analysis of the Saudi Arabia Plastic Products Market
- North
- East
- West
- South
- Central
Who Dominates the Saudi Arabia Plastic Products Market Insights on Key Industry Players?
Companies are strengthening their presence in the Saudi Arabia Plastic Products market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Newell Brands Inc.
- Compagnie de Saint-Gobain S.A
- Sonoco Products Company
- Sealed Air Corporation
- Berry Plastics Corporation
- Tamam Plastic Factory
- Taldeen Plastic Solutions Ltd.
- Rowad National Plastic Company
- Falcon Plastic Products Company
- National Plastic Factory
- Others
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