GCC Rigid Plastic Packaging Market Share

Market Share of GCC Rigid Plastic Packaging Industry

The rigid plastic packaging industry is highly fragmented in the GCC region, with market incumbents such as Takween, Zamil Plastics, and Packaging Products Company accompanied by several regional contract packaging firms. Although the barriers to entry for new players are high, regional packaging companies are witnessing value in foraying, especially in the rigid packaging industry, owing to significant demand from industrial, food, beverage, and other end-user industries.

In April 2023, Alujain Corporation, a Saudi industrial giant, collaborated with a global player for technology transformation for the manufacturing of polypropylene. In addition, the company reported receiving USD 2 billion in funds from the Ministry of Energy to initiate the petrochemical project in November 2022 and completed extensive engineering work for a new plant to manufacture propylene, polypropylene, and other specialty products.

In November 2022, Hotpack Global, a manufacturer of disposable food packaging products, inaugurated its largest production facility in Dubai's National Industrial Park. The company offers various rigid packaging solutions in the food industry.

GCC Rigid Plastic Packaging Market Leaders

1. Zamil Plastic Industries Co.

2. Takween Advanced Industries (Plastico SPS)

3. Packaging Products Company (PPC)

4. Al Rashid Boxes and Plastic Co., Ltd.

5. Saudi Arabian Packaging Industry WLL (SAPIN)

*Disclaimer: Major Players sorted in no particular order