RAPID DIVERSIFICATION
In line with Saudi Arabia’s Vision 2030, there have been efforts to diversify the economy. The plastics and rubber industry plays a role in this diversification, with a focus on value-added products and downstream industries.
SAUDI ARABIA
AT THE HEART OF TOMORROW'S PLASTICS AND RUBBER INDUSTRY
The Saudi Arabian plastic packaging market is projected to reach USD 11.93 billion by 2026, registering a CAGR of 5.6 percent during the period of 2021-2026.
RAPID DIVERSIFICATION
DOMESTIC DEMAND
DOMESTIC DEMAND
With a burgeoning population and increasing industrialisation, there’s a growing domestic demand for plastic and rubber products in various sectors, including construction, automotive, packaging, and more.
PETROCHEMICALS HUB
PETROCHEMICALS HUB
Saudi Arabia is a major player in the global petrochemical industry, and this extends to plastics and rubber production. Abundant petroleum resources have driven the growth of petrochemical complexes, providing a foundation for the plastics sector.
INCREASINGLY EXPORT ORIENTED
INCREASINGLY EXPORT ORIENTED
Saudi Arabia has been a net exporter of plastic products. The strategic location, coupled with robust infrastructure, has facilitated the export of plastics and rubber products to various international markets.
COMMITMENT TO SUSTAINABILITY
COMMITMENT TO SUSTAINABILITY
The industry is increasingly conscious of sustainability. Efforts are being made to reduce environmental impact through recycling initiatives, the use of ecofriendly materials, and adopting circular economy principles.
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