Saudi Arabia Rigid Plastic Packaging Market Size

Saudi Arabia Rigid Plastic Packaging Market Analysis

The Saudi Arabia Rigid Plastic Packaging Market size is estimated at USD 7.16 billion in 2024, and is expected to reach USD 9.07 billion by 2029, growing at a CAGR of 4.84% during the forecast period (2024-2029).

The study on the Saudi rigid plastic packaging market tracks demand for significant packaging format types such as bottles and jars, trays and containers, caps and closures, and cups and lids, among other products, along with corresponding end-user industry verticals, demand, and revenue accrued from the sales of these rigid plastic packaging products.

• Increased usage of oxo-degradable plastics; growing demand for rigid plastic packaging from various end-user industries; advances in technology leading to improved barrier solutions; introduction of active and intelligent packaging owing to increasing consumer demand, etc., are some of the major drivers for the market. Saudi Arabia has emerged as one of the largest markets for the rigid plastic packaging industry in the Middle East. The country has a vast consumer base and a wide range of industrial activities (excluding the oil and gas sector), contributing to the rapidly growing demand for plastic packaging.
• The new plastic regulation is expected to affect many products, such as plastic cases, plastic containers, and other plastic packaging products. According to the new rules and regulations implemented by the Saudi organization SASO, plastic products must be made of approved oxo-biodegradable materials. This is expected to boost the investment for innovation and result in the introduction of new rigid packaging solutions in the market over the next two years to adhere to the unique regulatory needs and the needs of the end-user clients.
• With the growing demand for rigid packaging solutions, vendors in the market are strengthening their position by establishing a new division. SABIC launched a caps and closures division in Riyadh, Saudi Arabia, addressing issues in a circular economy by using the latest environmentally friendly materials and solutions in the closures market. It has built a strong position in producing caps and closures and extending its application coverage across food, beverage, and non-food areas.
• A combination of population growth, industrialization, and economic expansion has increased personal consumption across Saudi Arabia and generated massive amounts of plastic waste. As per the Arab news in January 2022, five Gulf Cooperation Council countries, Bahrain, Saudi Arabia, the UAE, Qatar, and Kuwait, rank in the top 10 worldwide in terms of solid waste per capita generation.
• During the early spread of COVID-19, the demand for essential packed food and beverage products surged, and companies struggled to fulfill the rapidly changing demand landscape and faced supply chain disruptions. Furthermore, the rapid rise in e-commerce promoted the growth of rigid plastic packaging in food, beverage, and online pharmacy and drug store sales, contributing to the growth outlook.