Saudi Arabia Flexible Packaging Market Size & Outlook
Saudi Arabia flexible packaging market, 2018-2030 (US$M)
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Saudi Arabia flexible packaging market highlights
- The Saudi Arabia flexible packaging market generated a revenue of USD 3,717.2 million in 2023 and is expected to reach USD 5,382.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 3,717.2 million |
| Market revenue in 2030 | USD 5,382.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,382.4 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 73.18% in 2023. Horizon Databook has segmented the Saudi Arabia flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has a significant number of flexible packaging manufacturers in the country. The presence of a strong oil and gas sector in the country facilitates the procurement of plastic resins and films used for manufacturing flexible packaging products. The country is witnessing a growing demand for meat, juices, milk, and dairy products.
The juice, milk, and dairy products are packed in plastic bottles and containers. The waste generates due to rigid plastic packaging is driving the demand for flexible packaging products. To reduce waste, the government can drive the initiatives to promote sustainable packaging which can support the growth of flexible packaging in Saudi Arabia.
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Target buyers of Saudi Arabia flexible packaging market databook
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia flexible packaging market size, by raw material, 2018-2030 (US$M)
Saudi Arabia Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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