Market Size of Packaging Industry in Saudi Arabia
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabian Packaging Market Analysis
The packaging industry in Saudi Arabia (also referred to as 'the Saudi Arabia packaging market') is expected to register a CAGR of 2.2% over the forecast period, 2021 - 2026. Packaging, especially plastic, has changed the ways in which the packaging industry functioned. Packaging solutions that are lightweight, durable, and comfortable to the users are some of the factors which have increased the use of plastics as a packaging material across the world.
- The moderately growing packaging market is primarily influenced by changing demographics and urbanization. It is also influenced by changing consumer patterns and habits. The changes related to income patterns and the respective disposable income have influenced the demand of the packaging material for the different industries.
- With the urbanization and growth of industries in Saudi Arabia, the packaging industry has gained a significant boost in its demand levels. Presence of raw material has also been a critical demand influencer. With major revenue generated from the oil and gas sector, Saudi Arabia is planning to develop other industries to limit the dependency in oil and gas revenues and diversify its economy.
