Market Size of Saudi Arabia Paper And Paperboard Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.22 Billion |
| Market Size (2029) | USD 2.84 Billion |
| CAGR (2024 - 2029) | 4.24 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Paper And Paperboard Packaging Market Analysis
The Saudi Arabia Paper And Paperboard Packaging Market size is estimated at USD 2.22 billion in 2024, and is expected to reach USD 2.84 billion by 2029, growing at a CAGR of 4.24% during the forecast period (2024-2029).
- The rising market for customer-friendly packages and heightened product protection is anticipated to expand corrugated packaging as a viable and cost-effective solution in Saudi Arabia. Paper and paper board packaging options, such as corrugated boxes and folding cartons, are some of the versatile and cost-effective formats to package and deliver goods, with diverse possibilities in a visually appealing product.
- The country has a huge consumer base and a range of industrial activities (apart from the oil and gas sector), adding to the rapid need for paper and paperboard packaging. According to the report of the General Authority of Statistics, the overall merchandise value of Saudi Arabia's exports increased by 6.4% in Q4 2022 compared to the same time the previous year. The value of exports amounted to SAR 342.4 (USD 91.23 billion) in Q4. This increase in export trade would consequently push the demand for paperboard packaging, especially from the secondary and tertiary packaging sectors.
- There is a rising need for food delivery apps in Saudi Arabia, and the industry has seen tremendous growth in recent years. Also, the demand for single-serve packs is driven by the increasing number of single-person households and changing consumer lifestyles, which is anticipated to augment the growth of the packaged food market.
- Saudi Vision 2030 aims to privatize its healthcare sector, which is expected to revamp the growth in the industry and is likely to support the healthcare packaging market. Some regional companies have made several agreements to increase the recyclability of their folding cartons. In recent years, Tetra Pak signed its first-ever contract in Saudi Arabia with the OPI paper mill, which can produce 180 thousand tons of duplex board annually and has been recycling approximately 6,000 tons of used cartons annually.
- Although Saudi Arabia is one of the leading markets in the packaging industry in the Middle East, the growing reliance of manufacturers on other countries for raw materials and their fluctuating prices are likely to hamper the growth of the market studied.
