May 24, 2021
According to the research report titled ‘Saudi Arabia Plastic Products Market Analysis, 2021’, available with Market Study Report, Saudi Arabia plastic product market size is touted to grow substantially through 2026.
Extensive use of injection molding production technology, along with soaring investment for remodeling of packaging solutions are spurring the growth of Saudi Arabia plastic product market. Additionally, incorporation of 3D printing technique for manufacturing plastic products, in consort with high product demand from an array of end-users like construction, food & beverage, and pharmaceutical are augmenting the industry share.
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Based on type of products, Saudi Arabia plastic product market is categorized into laminated plastics (plate, sheet, rod, shape), plastics packaging materials (bags, pouches) & unlaminated film & sheet, foam products (polyurethane foam, extruded polystyrene foam, expandable polystyrene foam), plastic bottles, and plastic pipes & shapes.
Speaking of technology concerned, Saudi Arabia plastic product industry is classified into blow molding, extrusion molding, and injection molding.
Meanwhile, the end-users of Saudi Arabia plastic product market include medical, construction, automobile & transportation, electrical & electronics, and others. The report cites that medical segment is slated to generate massive revenues for the market over the forecast period, owing to presence of numerous pharmaceutical processing, manufacturing, and packaging units in the nation. Emphasis of pharma companies to develop cancer drugs, and surging sales of packaged medicines will boost the demand for plastic products from medical sector in Saudi Arabia.
The competitive landscape of Saudi Arabia plastic product market is defined by companies such as Sonoco Products Company, Sealed Air Corporation, Newell Brands, Compagnie de Saint-Gobain S.A, Berry Global Inc., Tamam Plastic Factory, Rowad National Plastic Company, Falcon Plastic Products Company, Taldeen Plastic Solutions Co. Ltd., and National Plastic Factory LLC among others.