Saudi Arabia Synthetic Paper Market Size & Outlook
Saudi Arabia synthetic paper market, 2018-2030 (US$M)
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Saudi Arabia synthetic paper market highlights
- The Saudi Arabia synthetic paper market generated a revenue of USD 17.2 million in 2022 and is expected to reach USD 29.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, bopp was the largest revenue generating product in 2022.
- HDPE is the most lucrative product segment registering the fastest growth during the forecast period.
Synthetic paper market data book summary
| Market revenue in 2022 | USD 17.2 million |
| Market revenue in 2030 | USD 29.2 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Bopp |
| Fastest growing segment | HDPE |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BOPP, HDPE, PET |
| Key market players worldwide | Formosa Plastics Group, Sihl Group, Cosmo Films, Transcendia, Toyobo Co Ltd, Technovative Group Inc, Jindal Poly Films, Illinois Tool Works |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.6% of the global synthetic paper market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia synthetic paper 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 29.2 million by 2030.
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Synthetic Paper Market Scope
Synthetic Paper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia synthetic paper 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 synthetic paper market will help companies and investors design strategic landscapes.
Bopp was the largest segment with a revenue share of 56.4% in 2022. Horizon Databook has segmented the Saudi Arabia synthetic paper market based on bopp, hdpe, pet covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabia synthetic paper market is expected to grow over the forecast period as it is one of the leading manufacturers of petrochemicals across the globe. Petrochemicals like polyethylene and polypropylene are produced in Saudi Arabia and also exported to other parts of the world.
Due to the easy availability of raw materials, the synthetic paper market is expected to witness high demands over the forecasted period. In addition to this, according to U.N. FAO, the forest cover in Saudi Arabia is just 0.5% of the total land area of the country.
As a result, the region can’t rely on the traditional paper as it would lead to a further reduction of the forest areas. In the account of these reasons, the synthetic paper market in Saudi Arabia is expected to grow at a high rate.
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Our clientele includes a mix of synthetic paper 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 synthetic paper market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia synthetic paper market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia synthetic paper market size, by product, 2018-2030 (US$M)
Saudi Arabia Synthetic Paper Market Outlook Share, 2022 & 2030 (US$M)
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