Packaging contains labels, branding components, and critical data such as product descriptions, usage directions, ingredients, nutritional information, and safety warnings, all of which help to convey important information to people and create brand identification. It contains various characteristics, including as resealable zippers, easy-to-open lids, and portion-controlled packaging, making it more user-friendly and convenient for consumers. It works as a barrier, shielding the contents from external influences such physical damage, moisture, dust, and pollutants during handling, storage, and transit. It avoids breakage, spoilage, and manipulation while ensuring that the product arrives safely. It also helps to protect things, improve their visual attractiveness, and provide efficient transportation from the maker or supplier to the final user.
Saudi Arabia Packaging Market Driving Factors and Challenges
Driving Factors- The main drivers driving the market's expansion in Saudi Arabia is the growing emphasis on visually appealing packaging that can grab people's attention. Accordingly, the market forecast for Saudi Arabia is favourable due to the expanding need for packaging to shield delicate electronic components from environmental conditions and physical harm, as well as the growing use of packaging in the cosmetics industry to improve user experience. The market expansion is also being aided by growing consumer preferences for recyclable and environmentally friendly packaging materials, as well as initiatives that lessen the environmental impact of packaging and its carbon footprint. In addition, there's a growing need for branded packaging to be used as gifts. This is supporting the pharmaceutical industry's use of packaging more often to preserve drugs and guarantee their effectiveness, which is fueling the Saudi Arabian market's expansion.
Challenges-
Absence of Infrastructure for Recycling- There are obstacles to the expansion of the plastic packaging market in Saudi Arabia because of a weak recycling system. The market's sustainability efforts are hampered by the absence of reliable procedures, which makes it difficult to recycle plastic waste effectively. To realise the full potential of the nation's plastic packaging industry, it is imperative to solve the infrastructural deficit as recycling becomes an increasingly important component of environmentally friendly activities.
Impact of COVID-19 on Saudi Arabia Packaging Market
The COVID-19 outbreak had a negative impact on the packaging market in Saudi Arabia. The epidemic caused changes in consumer behaviour, caused supply networks to break, and caused governments to step in. Additionally, the Saudi Arabian market experienced difficulties due to volatile raw material prices, which had an effect on both big and small enterprises. Manufacturers saw severe challenges during the recurrent lockdowns due to a combination of supply chain interruptions and declines in demand in the food and e-commerce industries. The packaging business in Saudi Arabia has expanded dramatically despite notable hurdles faced by the supply side. This expansion was attributed to end-user demand for certain applications.
Saudi Arabia Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as ASPCO, Sapin, Napco National, PRINTOPACK, Al-Shams Printing Packaging & Trading Co, Almoayyed International Group, PACFORT, Amcor PLC (Bemis Co Inc), Others
Saudi Arabia Packaging Market Segmentation:
By Packaging Type: Based on the Packaging Type, Saudi Arabia Packaging Market is segmented as; Flexible Packaging, Rigid Packaging.
By Packaging Material: Based on the Packaging Material, Saudi Arabia Packaging Market is segmented as; Plastic, Glass, Metal, Other Packaging Materials.
By End User Industry: Based on the End User Industry, Saudi Arabia Packaging Market is segmented as; Food, Beverages, Healthcare and Pharmaceutical, Retail, Beauty and Personal Care, Other End-User Industries.
By Region: This research also includes data for Riyadh, Dammam, Rest of Saudi Arabia, Jeddah.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.