Saudi Arabia Paper and Paperboard Packaging Market Size Grows at Steady CAGR of 3.04% to Reach USD 3.11 Billion by 2030

Published | 05 January 2024

Saudi Arabia Paper and Paperboard Packaging Market is flourishing due to a growing demand for sustainable packaging and deepening penetration of e-commerce sector.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Paper and Paperboard Packaging Market size at USD 2.6 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Paper and Paperboard Packaging Market size to expand at a CAGR of 3.04% reaching a value of USD 3.11 billion by 2030. Saudi Arabia Paper and Paperboard Packaging Market is propelled by a surging demand for customer-friendly and cost-effective packaging, particularly through corrugated boxes and folding cartons, propels the growth of Paper and Paperboard Packaging Market in Saudi Arabia. Recognized for their versatility, these packaging formats not only enhance product protection but also present visually appealing product displays. With a substantial consumer base and diverse industrial activities, Saudi Arabia witnesses rapid growth in this sector. Notably, a 6.4% increase in merchandise value for exports in Q4 2022, totaling SAR 342.4 billion (USD 91.23 billion), signals robust market potential. The flourishing food delivery app industry and the trend towards single-serve packs further contribute to the expanding packaged food market, while the privatization of healthcare aligns with Saudi Vision 2030, projecting growth for the healthcare packaging market. Regional commitments to recyclability, exemplified by Tetra Pak's partnership with OPI paper mill for carton recycling, underscore industry efforts towards sustainability.

Opportunity: Increasing investments in recycling infrastructure

The Saudi Arabia Paper and Paperboard Packaging Market's shift toward sustainability and the increasing ban on single-use plastic packaging positions paper and paperboard packaging as a viable and cost-effective solution in Saudi Arabia. This transition underscores the rising demand for environmentally friendly packages, promoting heightened product protection. As one of the largest markets in the Middle East, Saudi Arabia's robust consumer base and diversified industrial activities contribute to the growing need for paper and paperboard packaging. Despite facing challenges during the COVID-19 pandemic, the market is witnessing recovery and transformation, aligning with the evolving dynamics of retail, particularly the Retail Ready Packaging (RRP) sector. The sector, driven by the pursuit of efficiency and on-shelf availability, is witnessing a shift toward folding carton packaging, presenting significant opportunities for market growth. Furthermore, an increasing demand for dairy products in the region adds momentum to the market, particularly in the context of liquid beverage cartons. The investments in recycling infrastructure become imperative, given the sustainability focus, signaling a pivotal step toward addressing environmental concerns and fostering long-term market sustainability.

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Impact of COVID-19 on Saudi Arabia Paper and Paperboard Packaging Market

COVID-19 pandemic adversely affected the Saudi Arabia Paper and Paperboard Packaging Market. The pandemic triggered shifts in consumer behavior, disrupted supply chains, and prompted governmental interventions. Also, the Saudi Arabia Paper And Paperboard Market faced challenges with fluctuating raw material prices, impacting small and large-scale projects. Demand slumps in the food and e-commerce sectors, coupled with disruptions in the supply chain, led to significant obstacles for manufacturers during repeated lockdowns. While the supply side of the packaging sector experienced notable challenges, there was noteworthy growth in end-user demand for specific applications, thereby significantly enlarging the domain of the Paper and Paperboard Packaging Industry in Saudi Arabia.

Saudi Arabia Paper and Paperboard Packaging Market

Segmental Information

Saudi Arabia Paper and Paperboard Packaging Market – By End User

On the basis of end user, the Saudi Arabia Paper and Paperboard Packaging Market is divided into Personal Care & Cosmetics, Food & Beverages, Healthcare, Consumer Goods, and Education & Stationery segments. The food & beverages segment is expected to hold the highest share in the Saudi Arabia Paper and Paperboard Packaging Market by end user during the forecast period. The expansion of food & beverages segment is due to increasing demand for various paper-based packaging solutions, including folding cartons, corrugated boxes, and liquid cartons. The surge is driven by shifts in national lifestyles and the increasing preference for ready-to-eat, frozen, and packaged products. The growth of online food platforms, tourism, and a focus on sustainable packaging further contributes to the market's development. The Saudi Authority for Industrial Cities and Technology Zones (MODON) plays a key role by signing contracts and agreements to support the growth of food and beverages sector. The evolving tourism landscape in Saudi Arabia, diversifying beyond traditional forms, is expected to positively impact the market. The substantial increase in tourism revenue indicates significant opportunities for the food & beverages industry, emphasizing the importance of diverse paper-based packaging solutions.

Competitive Landscape

Major players operating in Saudi Arabia Paper and Paperboard Packaging Market include Gulf Carton Factory, Eastern Pak Limited, United Carton Industries Company (UCIC), Napco National, Middle East Paper Group (MEPCO), Salman Group, Al Watania For Containers, and SPMC Saudi Paper Manufacturing Co. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and the Saudi Arabia Paper and Paperboard Packaging Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Paper and Paperboard Packaging Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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