Saudi Arabia Plastic Product Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Saudi Arabia Plastic Product Market Size- By Product Type, By End User Industry- Regional outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: CHEM2485 | Pages: 1 - 107 | Formats*: |
| Category : Chemical & Materials | |||
Saudi Arabia Plastic Product Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Plastic Product Market is estimated to reach USD 11167.65 million by 2033 with a CAGR of 2.74%.
Plastic items envelop a different scope of things made from manufactured polymers, changing ventures and day-to-day existence. Generally obtained from petrochemicals, plastics are adaptable, tough, and lightweight, making them essential in bundling, development, hardware, and shopper products. Their far and wide use, however, has raised ecological worries due to persevering contamination. Endeavours to alleviate the effect incorporate reusing drives, biodegradable other options, and supportable creation strategies. Offsetting comfort with natural obligation stays a test, inciting progressing development and worldwide talk on decreasing plastic utilization and advancing a more economical future.
- June 2023; Berry Worldwide, a main bundling maker, uncovered its most recent splash through overlap made involving half-reused content to help clients accomplish their manageability objectives with reused content.
Market Opportunities and Challenges
Opportunities- The Saudi plastic items market benefits from hearty interest exuding from different businesses. The bundling business addresses one huger fragment, taking special care of the requirements of the food & and drink, drug, and buyer merchandise areas. Furthermore, plastics play a significant part in the auto and transportation areas, where lightweight parts, inside parts, and wire protection add to vehicle plans and execution. The car area represents the greater part of the worth offered in the Saudi plastic and elastic item market. This shows the huge job of plastics in the auto and transportation areas in Saudi Arabia. This metropolitan development is driving the interest in different plastic items. The development business, specifically, benefits from this pattern, with expanded interest in plastic materials for private and business improvements. As urbanization proceeds unabated, the interest in plastic items is supposed to area of strength for stay, market development before long.
Challenges- Despite developing interest in reusing, Saudi Arabia faces difficulties due to its restricted plastic waste administration and reusing foundation. The absence of a vigorous reusing environment hampers the compelling assortment, arranging, and going back over of plastic waste into new items. Thus, a lot of plastic waste winds up in landfills or cremation offices, compounding natural worries and restricting the potential for circularity in the plastic worth chain. Addressing these framework limits will be critical to further developing plastic waste administration rehearses and advancing a more practical way to deal with plastic use in Saudi Arabia. These elective materials are getting forward movement in specific areas due to their recyclability, biodegradability, or lower natural effect. Accordingly, plastic makers are feeling the squeeze to develop and separate their items to keep up with a portion of the overall industry and intensity.
Market Competitive Landscape
The Saudi Arabia Plastic Product Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Berry Plastics Corporation, Compagnie de Saint-Gobain S.A, Falcon Plastic Products Company, National Plastic Factory, Rowad National Plastic Company, Sealed Air Corporation, Sonoco Products Company, Tamam Plastic Factory, Taldeen Plastic Solutions Ltd., and Newell Brands Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By End-User Industry |
| Regions covered | Riyadh, Eastern, Western, Southern, Northern, and the Rest of Saudi Arabia. |
| Companies Covered | Berry Plastics Corporation, Compagnie de Saint-Gobain S.A, Falcon Plastic Products Company, National Plastic Factory, Rowad National Plastic Company, Sealed Air Corporation, Sonoco Products Company, Tamam Plastic Factory, Taldeen Plastic Solutions Ltd., and Newell Brands Inc. |
COVID-19 Impact on Saudi Arabia Plastic Product Market
The impact of COVID-19 on the Saudi Arabia plastic product market had significant disruptions in the global supply chain, leading to shortages of key raw materials like polyethylene and polypropylene. This impacted production timelines and increased costs. Restrictions on movement and transportation delays affected the delivery of both raw materials and finished products, leading to increased lead times and costs. There was a heightened demand for medical-grade plastics used in PPE, ventilators, syringes, and diagnostic kits. This surge led to increased production in the medical plastics sector. The need for hygiene and sanitation products, such as plastic bottles for hand sanitizers, saw a significant rise.
Key Target Audience:
- Construction and Building Industry
- Packaging Industry
- Automotive Sector
- Consumer Goods
- Healthcare Sector
- Agriculture and Horticulture
Our in-depth analysis of the Saudi Arabia Plastic Product Market includes the following segments:
| By Product Type: |
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| By End-User Industry: |
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Key Topics Covered in the Report:
- Saudi Arabia Plastic Product Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Plastic Product Market
- Segmentation of Saudi Arabia Plastic Product Market by Product Type (Sheets, Film and Plates, Tubes, Containers, Household Articles, Floor Cover and Wall Cover, Textile Fabrics, Other Products)
- Segmentation of Saudi Arabia Plastic Product Market by End-User Industry (Consumer Goods, Life Sciences, Aerospace, Building and Construction, Food and Beverage, Other Applications)
- Statistical Snap of Saudi Arabia Plastic Product Market
- Expansion Analysis of Saudi Arabia Plastic Product Market
- Problems and Obstacles in Saudi Arabia Plastic Product Market
- Competitive Landscape in the Saudi Arabia Plastic Product Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Plastic Product Market
- Details on Current Investment in Saudi Arabia Plastic Product Market
- Competitive Analysis of Saudi Arabia Plastic Product Market
- Prominent Players in the Saudi Arabia Plastic Product Market
- SWOT Analysis of Saudi Arabia Plastic Product Market
- Saudi Arabia Plastic Product Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Plastic Product Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Plastic Product Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Plastic Product Market
7. Saudi Arabia Plastic Product Market, By Product Type (USD Million) 2020-2033
7.1. Saudi Arabia Plastic Product Market Size, Share and Forecast, By Product Type, 2020-20267.2. Saudi Arabia Plastic Product Market Size, Share and Forecast, By Product Type, 2027-20337.3. Sheets7.4. Film and Plates7.5. Tubes7.6. Containers7.7. Household Articles7.8. Floor Cover and Wall Cover7.9. Textile Fabrics7.10. Other Products
8. Saudi Arabia Plastic Product Market, By End-User Industry (USD Million) 2020-2033
8.1. Saudi Arabia Plastic Product Market Size, Share and Forecast, By End-User Industry, 2020-20268.2. Saudi Arabia Plastic Product Market Size, Share and Forecast, By End-User Industry, 2027-20338.3. Consumer Goods8.4. Life Sciences8.5. Aerospace8.6. Building and Construction8.7. Food and Beverage8.8. Other Applications
9. Saudi Arabia Plastic Product Market Forecast, 2020-2033 (USD Million)
9.1. Saudi Arabia Plastic Product Market Size and Market Share
10. Saudi Arabia Plastic Product Market, By Region, 2020-2033 (USD Million)
10.1. Saudi Arabia Plastic Product Market Size and Market Share By Region (2020-2026)10.2. Saudi Arabia Plastic Product Market Size and Market Share By Region (2027-2033)10.3. Riyadh10.4. Eastern10.5. Western10.6. Southern10.7. Northern10.8. Rest of Saudi Arabia
11. Company Profile
11.1. Berry Plastics Corporation
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Compagnie de Saint-Gobain S.A
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Falcon Plastic Products Company
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. National Plastic Factory
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Rowad National Plastic Company
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Sealed Air Corporation
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Sonoco Products Company
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Tamam Plastic Factory
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Taldeen Plastic Solutions Ltd.
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Newell Brands Inc.
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Plastic Product Market size is USD 11167.65 million from 2024 to 2033.
Saudi Arabia Plastic Product Market is covered By Product Type, By End-User Industry.
The Middle East is anticipated to have the highest Market share in the Saudi Arabia Plastic Product Market.
The key players in the Market include Companies Covered Berry Plastics Corporation, Compagnie de Saint-Gobain S.A, Falcon Plastic Products Company, National Plastic Factory, Rowad National Plastic Company, Sealed Air Corporation, Sonoco Products Company, Tamam Plastic Factory, Taldeen Plastic Solutions Ltd., and Newell Brands Inc.
Plastic items envelop a different scope of things made from manufactured polymers, changing ventures and day-to-day existence. Generally obtained from petrochemicals, plastics are adaptable, tough, and lightweight, making them essential in bundling, development, hardware, and shopper products.
Saudi Arabia Plastic Product Market is projected to reach USD 11167.65 million by 2033, growing at a CAGR of 2.74% during the forecast period.
Saudi Arabia Plastic Product Market grew in Market size from 2024. The Market is expected to reach USD 11167.65 million by 2033, at a CAGR of 2.74% during the forecast period.
Saudi Arabia Plastic Product Market CAGR of 2.74% during the forecast period.
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