Saudi Arabia Caps & Closures Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The Saudi Arabia Caps & Closures Market is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024-30. The Saudi Arabia Caps & Closures Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Saudi Arabia Caps & Closures Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Saudi Arabia Caps & Closures Market drivers, barriers, Saudi Arabia Caps & Closures Market Trends, and Key Players in Saudi Arabia Caps & Closures Market.

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Saudi Arabia Caps & Closures Market Dynamics: 2024-2030

Saudi Arabia Caps & Closures Market Driver:

Pharmaceutical Industrial Expansion Driving Market Growth – Over the years, the prevalence of diseases in Saudi Arabia has drastically increased owing to factors like genetic predisposition & lifestyle changes. Based on the clinical research conducted by the National Institute of Health (NIH), the incidence of hypertension among men is approximately 17.7%, and that among women is about 12.5%. These rising health-related issues are highlighting the importance of medical drugs. As a result, private firms & official authorities are actively disbursing funds to develop the pharmaceutical industry. For instance, in 2023, the Public Investment Fund (PIF) in Saudi Arabia launched Lifera to enable the growth of the local biopharmaceutical sector in Saudi Arabia. These industries depend on caps & different closures to maintain the pressure & quality of the therapeutic drugs stored in bottles & tubes. Hence, the expansion of the pharmaceutical sector in Saudi Arabia to boost local drug manufacturing & enhance healthcare security is driving Saudi Arabia Caps & Closures Market growth.

Moreover, the government of Saudi Arabia would continue to allocate substantial funds to encourage the development of pharmaceutical units in the nation. This would consequently result in boosting the Saudi Arabia Caps & Closure Market during the forecast years.   

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Saudi Arabia Caps & Closures Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Material

Plastic- Market Size & Forecast 2019-2030F, USD Million

Metal- Market Size & Forecast 2019-2030F, USD Million

Others- Market Size & Forecast 2019-2030F, USD Million

By Product Type

Tethered Caps- Market Size & Forecast 2019-2030F, USD Million

Push/Pull Caps- Market Size & Forecast 2019-2030F, USD Million

Screw Caps- Market Size & Forecast 2019-2030F, USD Million

Others- Market Size & Forecast 2019-2030F, USD Million

By End User

Food & Beverages- Market Size & Forecast 2019-2030F, USD Million

Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million

Consumer Goods- Market Size & Forecast 2019-2030F, USD Million

Personal Care & Cosmetics- Market Size & Forecast 2019-2030F, USD Million

Others- Market Size & Forecast 2019-2030F, USD Million

By Region

Central

East

West

South.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Saudi Arabia Caps & Closures Market:

Takween Advanced Industries, Saudi Plastic Factory Co., Al-Amoudi Closures Manufacturing Company, Saudi Basic Industries Corporation (SABIC), Arabian Plastics Industrial Company Limited, ENPI Group, Al Watania Plastics, Al-Jabr Plastics Product Company, Al Suhaimi Holding Company, National Plastic Factory, and others.

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