MarkNtel Advisors who is leading market research company, has recently published a research report, titled “Saudi Arabia Plastic Products Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2023-28. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.
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Market Study Period
Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 3.2%
Saudi Arabia Plastic Products Market Insights:
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. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.
Saudi Arabia Plastic Products Market Drivers:
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.
Explore the Complete Saudi Arabia Plastic Products Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-plastic-products-market.html
Which segments are covered in the Saudi Arabia Plastic Products Market Research Report?
- By Product
- Bottles & Containers
- Bags & Pouches
- Packaging Materials
- Pipes & Fittings
- PVC (Polyvinyl Chloride) Pipes
- PE (Polyethylene) Pipes
- PP (Polypropylene) Pipes
- Others (Couplings, Elbows, Tees, Valves)
- Films & Sheets
- Foam Products
- Expandable Polystyrene (EPS)
- Extruded Polystyrene (XPS)
- Polyurethane (PU)
- Others (Molded Products, etc.)
- By Technology
- Injection Molding
- Extrusion Molding
- Blow Molding
- Others
- By End-User
- Automotive & Transportation
- Electrical & Electronics
- Medical
- Construction
- Others
- By Region
- North
- East
- West
- South
- Central
Top 10 Key Brands/Players in the Saudi Arabia Plastic Products Market
Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:
- 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
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/saudi-arabia-plastic-products-market.html
Frequently Asked Questions
- Which companies dominate the Saudi Arabia Plastic Products Market in terms of market share?
- What is the projected market size of Saudi Arabia Plastic Products Market in 2028?
- What key factor is anticipated to propel the Saudi Arabia Plastic Products Market by 2028?
- How big is the Saudi Arabia Plastic Products Market?
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