Glass Packaging market in Saudi Arabia has been estimated to be worth USD XX.XX billion in 2015, and is forecasted to grow at a CAGR value of XX.XX% to reach XX.XX billion in 2020. The overall packaging market in Saudi Arabia is expected to grow at a CAGR of 4.92% over the reporting period (2015-2020).
Glass Packaging solutions have traditionally been adopted across many verticals owing to their high usability, 100% recyclability and strong preserving properties. They provide high protection from contamination and physical damage of materials. They can be molded into multiple shapes depending on the end-application requirements and embellished for lending greater visual appeal. The lifting of trade restrictions on foreign players is expected to intensify competition in the Saudi Arabian Glass Packaging market, greater emphasis on technological innovations could result in higher adoption for glass based solutions. Beverage and medical sector are expected to record high growth for glass packaging solutions in this market.
The Glass Packaging market in this region has matured over the last few decades. Some of the key drivers for growth in this market include growing demand for environment-friendly products, emergence of light weight solutions and high growth in retail sector aiding increased adoption for convenient products. Conversely, growing demand for plastic packaging solutions and fluctuations in availability of raw materials are expected to act as restraints for growth during the reporting period.
The Glass packaging market in Saudi Arabia can be characterized by high market penetration, moderate barriers of entry to new players, high dependence on raw material availability and growing threat of substitution from other packaging solutions.
The Saudi Arabia Glass Packaging market has been segmented by industry (Food, Beverage, Healthcare, Personal Care and Others), by products (Bottles, Vials, jars and others). This report profiles key vendors operating in this market such as Napco Group, Saudi Arabian Glass Packaging, Arabian Packaging Company, and Ardagh Group, among others.