Saudi Arabia Glass Packaging Market Size

Saudi Arabia Glass Packaging Market Analysis

Saudi Arabia's Glass Packaging Market is expected to grow at a CAGR of 6.5% during the forecast period. The glass industry provides a range of glass packaging products for food and beverage, as well as for perfumery, cosmetics, and pharmacy. This form of packaging is considered one of the most trusted for health, taste, and environmental safety, as it maintains the freshness and security of the product inside for an extended period.

• The glass packaging industry is one of the prominent industries contributing to Saudi Arabia's GDP. Various other economies are also engaging in trade activities with Saudi Arabia regarding the import of its glass packaging products, such as jars, bottles, etc. Over the forecast period, it is expected to fuel the country's glass bottles and containers market growth.
• Saudi Arabia is the largest economy in the Middle East region by GDP and population. It includes the largest pharmaceuticals market in the Gulf Cooperation Council (GCC) region. The pharmaceutical industry is expected to contribute majorly to glass packaging solutions in Saudi Arabia.
• According to the Saudi organization (SASO), plastic products must be made of an approved oxo-biodegradable material, which might restrict the import of plastics into the country. Hence, several factors are expected to change the adoption trends of cosmetic packaging in the country.
• Further, the ban on non-biodegradable plastics in the country shifted the end-user's focus towards alternative materials such as glass and metal. According to the responsible Saudi organization (SASO), plastic products must be made of approved oxo-biodegradable material.
• Products and packaging made with polyethylene or polypropylene must comply with the new rules and contain an oxo-biodegradable masterbatch from a supplier approved by the Saudi Arabian government.
• Moreover, one of the significant trends in the market is a growing demand for natural and personalized products in the country. There is a rapidly growing interest and demand for halal beauty products. As the region mainly constitutes a Muslim population, these products have gained popularity in the country and are not limited to the Muslim community only. They have also gained interest among Non-Muslim consumers, which is the primary factor in the country's growth of halal and vegan cosmetics products, ultimately driving the glass packaging demand.
• One of the main challenges for the market is the increased competition from alternative packaging forms, such as aluminum cans and plastic containers. As these items are lighter in weight than bulky glass, they are gaining popularity among manufacturers and customers because of the lower cost involved in their carriage and transportation.
• Glass packaging was considered an essential industry by many countries, including Saudi Arabia, during the COVID-19 pandemic. The industry is witnessing increased demand from the food & beverage and pharmaceutical sectors. There is an increased demand for glass packaging from the F&B and pharmaceutical sectors, as the COVID-19 pandemic led to a greater need for medicine bottles, food jars, and beverage bottles. There is also an impact of the Russia-Ukraine war on the overall packaging ecosystem.