Report Overview

Saudi Arabia Food and Beverages Packaging Market - Industry Trends & Forecast Report, 2029

Saudi Arabia food and beverages packaging market size is expected to expand at a CAGR of 3.5% during the forecast period between 2023 and 2029. Changing lifestyle and alternative eating habits are expected to increase demand for convenience foods, positively impacting industry demand. Convenience and the use of high-performance materials are expected to contribute to the industry's growth. Improved shelf-life, combined with increased efficiency in the prevention of content contamination, is expected to drive industry growth. Other factors, such as rising disposable income and shrinking households, are also expected to drive the market growth.

Saudi Arabia Food and Beverage Packaging Market - Overview

Paper is widely used in the packaging industry due to its low cost, ability to hold its shape, and ease of decoration. Paper and board are typically weighed or calibrated. Commercial glass is composed of silica, sodium carbonate, and calcium carbonate. Tin-plated or aluminum metals are commonly used in the packaging industry to make food and drink cans, aerosol cans, tubes, drums, and slip or hinged lids. Drumsboxes for gift sets, as well as confectionery or biscuit selections. These packs are all recyclable.

Growth Drivers

Increasing demand for convenience packaging for food and beverages

Saudi Arabia food and beverages packaging market could grow due to innovations in practical packaging options. Packaging solutions are advantageous for consumers who are constantly on the go and have health concerns. To assist consumers in reclosing the packaging and enjoying the remaining product at a later time, manufacturers are producing more bag closures. Manufacturers in the snack food packaging industry are diversifying their offerings to meet consumer demand for grab-and-go packaging options. Production of convenience packaging is increasingly guided by factors, such as food safety, sustainability, and reusability.

Restraints

High volatility in raw material prices

Plastic is a common raw material used in food packaging. Plastic packaging is made from synthetic polymers derived from natural resources such as polypropylene and polyethylene. The fluctuating cost of these raw materials has an impact on the packaging industry. The price of these raw materials is also rising due to resource conservation regulations developed by the government and associations, which are limiting market expansion. The scarcity of readily available raw materials is a stumbling block to technological advancement in packaging solutions. Due to the high cost of raw materials, many new packaging technologies are becoming unaffordable, forcing businesses to rely on outdated packaging that is equally harmful to the environment and the economy.

Impact of COVID-19 on Saudi Arabia Food and Beverages Packaging Market

The COVID-19 pandemic had a massive impact on societies across Saudi Arabia. It had a significant impact on all businesses and manufacturing firms nationwide. Rigid plastics, on the other hand, have seen a mix of increased market demand for essential goods and decreased demand from non-essential product packaging as a result of prolonged lockdowns and disrupted supply chains. During this time, the personal and healthcare sectors increased the demand for rigid plastic packaging. Key market participants are looking for ways to overcome resistance in the rigid plastic packaging market. Market participants in the rigid plastic packaging market are expanding their production capacity to gain a competitive advantage following the COVID-19 breakdown.

Saudi Arabia Food and Beverages Packaging Market

Segmental Coverage

Saudi Arabia Food and Beverages Packaging Market - By Type

Saudi Arabia food and beverages packaging market is divided into Rigid Packaging, Semi-rigid, and Flexible Packaging segments. Food and beverages packaging, pharmaceutical packaging, personal care packaging, and consumer goods all use rigid packaging. With the rise in food delivery systems, ready-to-eat food packets, and frozen food segments, there has been an increase in demand from the food and beverages industry. It is due to millennials' increased disposable income, changing lifestyles, and convenient options. The growing popularity of dairy products and bread, poultry, seafood, and packaged foods among the general public increases the demand for rigid plastic packaging. These are also the most profitable for manufacturers, as these food products are demanded in large quantities, which increases their profitability. Packaging customization and printability are increasing market demand.

Saudi Arabia Food and Beverages Packaging Market - By Material

On basis of material, Saudi Arabia food and beverages packaging market is divided into Paper & Paperboard, Plastics, Metal, Glass, and other segments. The plastic material segment dominates the market. The food and beverages industry makes extensive use of plastic packaging products, such as trays, containers, tubs, wraps, and pouches, to package convenience foods, frozen meals, carbonated and non-carbonated beverages, and snacks.

Demand for paper and paper-based products has been increasing, and the segment is expected to grow at a high CAGR during the forecast period. Companies have adapted environmentally friendly packaging in response to consumer demand for it and shifting regulatory environments that place a higher priority on environmental protection.

Saudi Arabia Food and Beverage Packaging Market – By Application

On basis of application, Saudi Arabia food and beverages packaging market is divided into Bakery & Confectionary, Dairy Products, Fruits & Vegetables, Convenience Foods, Meat & Seafood, Sauces & Dressings, and other segments.  The bakery and confectionary segment holds the highest market share. To increase the shelf life of bakery and confectionery products, high moisture barrier packaging is typically used. Due to its advantages over paper cartons and tins, such as lightweight, printability, and cost-effectiveness, flexible packaging is frequently used for the application. The segment growth is expected to be aided by the confectionery products' attractive packaging.

Saudi Arabia Food and Beverage Packaging Market – By Packaging Type

On basis of the packaging type, Saudi Arabia food and beverages packaging market is divided into Bottles, Cans, Pouches, Boxes, and other segments. The pouches packaging segment holds the highest market share. To keep food from coming into contact with the air and environment, pouches are typically made of thin, plastic material. A wide range of foods can be bagged. Cans are expected to grow rapidly during the forecast period. Cans, also known as rigid paper or paperboard containers, help to keep delicate foods like chips fresh. This packaging also helps to preserve the quality of the consumer's favorite snack. The main advantage of resealable lids is that the freshness of the products can be maintained for a longer period. The retail industry is thriving, and consumer disposable income is increasing. Market expansion is being driven by the expanding population, urbanization, and rising demand for snacks and ready-to-eat foods.

Competitive Landscape

Competition in Saudi Arabia food and beverages packaging market is intense. Major players in the market include Saudi Modern Packaging Co. Ltd., Packaging Products Company, Napco National, SAPIN, LAMINA, Al Sharq Flexible Packaging Factory, National Packaging Products, Amcor, Ball Corporation, and Graham Packaging Company. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In May 2021 - The Eastern Pak Limited joined with local company Kudu, a pioneer of food transformation in Saudi Arabia, to develop a new and sustainable product, “Kudu Breakfast Box.”

• In May 2021 - Goldenline Factory, a provider of the converter of folding carton packaging in Saudi Arabia, continued to expand its capabilities with its range of Bobst equipment, including a new Bobst Expertfold 110 A2 Folder Gluer fitted with Accubraille for efficient and precise in-line Braille application. The folder gluer enables Goldenline Factory to produce cartons in a wide range of designs and materials at high speed of up to 450m per min.

Scope of the Report

By Type

• • • Rigid Packaging

    • Semi-rigid

    • Flexible Packaging

By Material

• • • Paper & Paperboard

    • Plastics

    • Metal

    • Glass

    • Others

By Application

• • • Bakery & Confectionary

    • Dairy Products

    • Fruits & Vegetables

    • Convenience Foods

    • Meat & Seafood

    • Sauces & Dressings

    • Others

By Packaging Type

• • • Bottles

    • Cans

    • Pouches

    • Boxes

    • Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Food and Beverages Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. A Shift in Thinking in Favour of Speciality and Processed Foods
         2. Advanced Packaging Materials
         3. Increasing Consumption of Ready-to-Eat Foods and Convenience Foods
      2. Restraints
         1. Increase in Cost of Raw Materials
      3. Opportunities
         1. Technology Advancements
         2. Rising Use of Biodegradable and Renewable Raw Materials
      4. Challenges
         1. Stringent Regulations
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Food and Beverages Packaging Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Rigid Packaging
         2. Semi-rigid
         3. Flexible Packaging
      2. By Material
         1. Paper & Paperboard
         2. Plastics
         3. Metal
         4. Glass
         5. Others
      3. By Application
         1. Bakery & Confectionary
         2. Dairy Products
         3. Fruits & Vegetables
         4. Convenience Foods
         5. Meat & Seafood
         6. Sauces & Dressings
         7. Others
      4. By Packaging Type
         1. Bottles
         2. Cans
         3. Pouches
         4. Boxes
         5. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia Food and Beverages Packaging Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Saudi Arabia Food and Beverages Packaging Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Saudi Modern Packaging Co. Ltd.
   2. Packaging Products Company
   3. Napco National
   4. SAPIN
   5. LAMINA
   6. Al Sharq Flexible Packaging Factory
   7. National Packaging Products
   8. Amcor
   9. Ball Corporation
   10. Graham Packaging Company
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Saudi Arabia Food and Beverages Packaging Segmentation

Figure 2       Saudi Arabia Food and Beverages Packaging Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Saudi Arabia Food and Beverages Packaging Market Size, By Value (USD Million), 2019–2029

Figure 5       Saudi Arabia Food and Beverages Packaging Market Share, By Type, By Value, 2019–2029

Figure 6       Saudi Arabia Food and Beverages Packaging Market Share, By Materials, By Value, 2019–2029

Figure 7       Saudi Arabia Food and Beverages Packaging Market Share, By Application, By Value, 2019–2029

Figure 8       Saudi Arabia Food and Beverages Packaging Market Share, By Packaging Type, By Value, 2019–2029

List of Tables

Table 1        Saudi Arabia Food and Beverages Packaging Market Size, By Value (USD Million), 2019–2029

Table 2        Saudi Arabia Food and Beverages Packaging Market Share, By Type, By Value, 2019–2029

Table 3        Saudi Arabia Food and Beverages Packaging Market Share, By Materials, By Value, 2019–2029

Table 4        Saudi Arabia Food and Beverages Packaging Market Share, By Application, By Value, 2019–2029

Table 5        Saudi Arabia Food and Beverages Packaging Market Share, By Packaging Type, By Value, 2019–2029

Table 6        Saudi Modern Packaging Co. Ltd. Company Overview

Table 7        Saudi Modern Packaging Co. Ltd. Financial Overview

Table 8        Packaging Products Company Company Overview

Table 9        Packaging Products Company Financial Overview

Table 10      Napco National Company Overview

Table 11      Napco National Financial Overview

Table 12      SAPIN Company Overview

Table 13      SAPIN Financial Overview

Table 14      LAMINA Company Overview

Table 15      LAMINA Financial Overview

Table 16      Al Sharq Flexible Packaging Factory Company Overview

Table 17      Al Sharq Flexible Packaging Factory Financial Overview

Table 18      National Packaging Products Company Overview

Table 19      National Packaging Products Financial Overview

Table 20      Amcor Company Overview

Table 21      Amcor Financial Overview

Table 22      Ball Corporation Company Overview

Table 23      Ball Corporation Financial Overview

Table 24      Graham Packaging Company Company Overview

Table 25      Graham Packaging Company Financial Overview