Saudi Arabia Food Wrap Market Size & Outlook, 2024-2030
Saudi Arabia food wrap market, 2018-2030 (US$M)
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Saudi Arabia food wrap market highlights
- The Saudi Arabia food wrap market generated a revenue of USD 71.8 million in 2023 and is expected to reach USD 119.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
Food wrap market data book summary
| Market revenue in 2023 | USD 71.8 million |
| Market revenue in 2030 | USD 119.3 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global food wrap 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 food wrap 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 119.3 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia food wrap 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 food wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 53.48% in 2024. Horizon Databook has segmented the Saudi Arabia food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
The growing fast-food industry of Saudi Arabia is driving the growth of the demand for food packaging products, including food wraps in the country. The country’s fast-food industry is witnessing the expansion of major foreign fast-food companies in the country.
For instance, in January 2024, Pizza Inn, a subsidiary of Rave Restaurant Group, entered into a franchise agreement with Blessings Basket Company to significantly expand its presence in Saudi Arabia.
This partnership aims to open 50 new Pizza Inn locations across the kingdom, starting with the first two restaurants launched in January 2024. Following this initial opening, Blessings Basket Company plans to introduce five additional locations each year for the next decade.
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia food wrap market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia food wrap market size, by material, 2018-2030 (US$M)
Saudi Arabia Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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