Saudi Arabia Plastic Products Market Size, Share, Trends, Analysis Future and forecast 2023-28
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Let’s Run Through the Saudi Arabia Plastic Products Market Insights to Have a Clear View
The Saudi Arabia Plastic Products Market size was valued at USD 8.3 billion in 2022 and is projected to grow at a CAGR of around 3.2% during the forecast period, i.e., 2023-28.
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Examining the Top Competitors of the Saudi Arabia Plastic Products Market Size:
In this section, we will explore the Saudi Arabia Plastic Products Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.
- Newell Brands Inc.
- Compagnie de Saint-Gobain S.A
- Sonoco Products Company
- Sealed Air Corporation
- Berry Plastics Corporation
- Tamam Plastic Factory
- Taldeen Plastic Solutions Ltd.
- Rowad National Plastic Company
- Falcon Plastic Products Company
- National Plastic Factory
A Comprehensive Overview of Geographical Diversity:
the Saudi Arabia Plastic Products Market expands across:
- North
- East
- West
- South
- Central
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Market Driver: Proliferating Construction & Real-Estate Activities
Saudi Arabia is experiencing a significant transformation in its infrastructure as a part of their Vision 2030. Under this, the kingdom has envisioned diversifying its economy and developing public service sectors, seaports, railway lines, airports, & manufacturing facilities to minimize its economic dependence on oil & gas. For instance:
- Several plans are underway to construct the world’s largest airport, King Salman International Airport, in Riyadh. This ambitious project aims to accommodate a remarkable passenger capacity of 185 million, surpassing the combined capacities of London Heathrow & Dubai International Airports.
As such, Saudi Arabia is heavily investing in its construction sector. In fact, it plans to seek around USD 425 billion by 2030 for infrastructure, energy, mining, & other industrial projects, which would require a substantial amount of plastic to make components like hinges, screws, & bigger construction parts for wall covering, electric wiring, waterproofing, flooring, & decoration, among others.
Besides, Polyurethane spray and rigid polystyrene foam have also gained traction in the country owing to their excellent insulation properties. Hence, the emergence of the world’s largest construction site across the country, driven by Saudi Vision 2030 and burgeoning real estate activities, presents lucrative prospects for the Saudi Arabia Plastic Products Market through 2028.
Saudi Arabia Plastic Products Market Segmentation Outline:
- By Product (Bottles & Containers, Bags & Pouches, Packaging Materials, Pipes & Fittings, Films & Sheets, Foam Products, Others (Molded Products, etc.))
- By Technology (Injection Molding, Extrusion Molding, Blow Molding, Others)
- By End-User (Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others)
Key Questions Addressed in the Saudi Arabia Plastic Products Market Research Report:
- What is the estimated size, share, & CAGR of the Saudi Arabia Plastic Products Market in the forecast period?
- What are the key trends projected to impact the Saudi Arabia Plastic Products Market during 2023-28?
- What are the different segments & sub-segments considered in the Saudi Arabia Plastic Products Market research study?
- Who are the key stakeholders and players participating in the Saudi Arabia Plastic Products Market?
- What would be the demand for different types of products/services in the Saudi Arabia Plastic Products Market through 2028?
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Note: The Saudi Arabia Plastic Products Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.
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