Market Share of Saudi Arabia Glass Packaging Industry
The Saudi Arabia Glass Packaging Market is moderately competitive due to multiple market players. Players in the market, such as Sonoco Products Company, Saudi Arabian Glass Company Ltd., Ardagh Packaging Group PLC, Frigo Glass, and Obeikan Glass Company, are adopting product innovation, partnerships, mergers, and acquisitions to increase their market share and further recyclability driving the market.
- In June 2022, Bandar Alkhorayef, the Saudi Minister of Industry and Mineral Resources and Chairman of the Manufacturing Vaccines and Critical Medicines Committee, announced the opening of many investment opportunities in the USD 3.4 billion vaccines and vital medicines sector. The possibilities will help the Kingdom reach its objectives for pharmaceutical security and health security, and they will establish Saudi Arabia as a significant hub for this promising industry in packaging as well.
- In January 2022, West Pharmaceutical Services Inc., a prominent company for injectable medication delivery, announced the exclusive supply and technology deal with Corning Incorporated. The new collaboration includes a multimillion-dollar investment to expand Corning's Valor Glass technology to advance patient safety and increase access to life-saving treatments. The deal wpuld allow the pharmaceutical industry to develop advanced injectable drug packaging and delivery systems.
Saudi Arabia Glass Packaging Market Leaders
Sonoco Products Company
Saudi Arabian Glass Company Ltd.
Ardagh Packaging Group PLC
Frigo Glass
Obeikan Glass Company
*Disclaimer: Major Players sorted in no particular order
