The facility is set up to produce plastic products. The factory produces various plastic bags, juice containers, jerry cans from 0.5 liters to 25 liters, plastic food storage containers, and trash containers. This is to meet the growing demand for plastic products and reduce imports.
It is a factory for the production of plastic products. The factory produces various plastic bags, juice containers, jerry cans from 0.5 liters to 25 liters, plastic food storage utensils, and garbage containers. This is to meet the increasing demand for plastic products and reduce the volume of imports by using the best technology and the highest quality levels to obtain a product that is distinguished from other similar products. The factory promotes its products in several ways, such as providing free samples to the targeted sectors. The plastic products project is one of the important production projects that helps many other projects to complete their work in a better way (projects that require packaging). The products are important for many sectors such as wholesale and retail stores, household appliances stores, and beverage factories, as the products have many uses and are indispensable. The plastic products industry is considered one of the important industries and is considered one of the projects that achieve a suitable economic return.
The products have many advantages that make them highly valuable, as evidenced by the following factors:
Lightweight
Moldability to suit their intended use
Resistance to heat and corrosion from acids, alkalis, and solvents
High demand in many sectors, such as restaurants, cafes, universities, hotels, hypermarkets, and the wholesale and retail sectors.
Important and essential products that are indispensable and consumed daily
Quality
Competitive price
Objectives of the Plastic Products Factory:
Rely on local products in this industry and reduce reliance on imports.
Provide high-quality, premium plastic products to increase the project’s market share in the region and enhance its exports, in addition to improving the level of services provided to customers.
Provide job opportunities for a number of residents, improving their social and economic status and reducing the unemployment rate.
Support the trade balance and reduce the marketing gap.
Achieving a good return for the project owner.
Provide plastic products to target sectors according to demand.
Executive summary
Study project services/products
Market Size Analysis
Risk Assessment
Technical study
Financial study
Organizational and administrative study
In 2020, the global plastics market was valued at approximately $579.7 billion. This market is expected to grow to $750.1 billion by 2028, at a compound annual growth rate (CAGR) of 3.4%.
In the GCC region, the plastics industry has experienced significant growth, driven by government efforts to diversify economies and reduce reliance on oil and gas as the primary sources of revenue.
Additionally, rising demand for plastic products in industries such as automotive, packaging, construction, and water piping has contributed to the expansion of this vital sector. A report from the Gulf Petrochemicals and Chemicals Association (GPCA) highlights that plastics represent the second-largest industrial sector in the GCC, with products valued at $108 billion.
For those looking for insights into Saudi Arabia’s plastics industry, Mashro3ak provides the latest key statistics to guide potential investors:
Saudi Arabia accounts for approximately 72% of total plastic production in the GCC, while the GCC region as a whole represents 9% of the global plastics industry.
Saudi Arabia ranks eighth globally in plastic production, holding 2% of the world’s total polymer production.
By the end of Q2 2021, the number of rubber and plastic factories in Saudi Arabia exceeded 222, accounting for 11.9% of all active factories in the country.
According to the Standard International Trade Classification (SITC):
Saudi exports of “plastics in primary forms” were valued at SAR 67,824,000,000, with a total weight of 16,978 tons.
Exports of “plastics in non-primary forms” reached SAR 2,403,000,000, with a total weight of 384 tons.
In Q2 2020, the export value of plastics and rubber products was approximately SAR 13.72 billion. By Q2 2021, this figure had surged to SAR 22.49 billion, reflecting significant growth in exports.
The operational expenses for the production of rubber and plastic products currently exceed SAR 10.1 billion, while total revenue from these activities has reached SAR 20.14 billion.
By 2027, operational expenses for the plastics and rubber manufacturing sector are projected to rise to SAR 20.26 billion, while revenues are expected to increase to SAR 32.47 billion, representing:
An 8% growth rate in operational expenses.
A 5.4% growth rate in total revenues.
Global demand for plastics is expected to triple by 2050, driven by increasing industrial and consumer applications.
In the GCC, per capita plastic consumption has reached approximately 94 kg per year, according to the latest available data.
