Saudi Arabia Garbage Bags Market Size Set to Expand at Significant CAGR of 5.63% to Touch USD 2.48 Billion & by 43,476 Tons 2030
Saudi Arabia Garbage Bags Market is flourishing because of the growing population and urbanization and an increasing focus on hygiene and sanitation.
Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Garbage Bags Market size at USD 1.65 billion in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Saudi Arabia Garbage Bags Market size to expand at a CAGR of 5.63% reaching a value of USD 2.48 billion by 2030. High public awareness about cleanliness and hygiene, as well as supportive government initiatives and programs to decrease pollution are major growth factors for the Saudi Arabia Garbage Bag Market.
By volume, Report Ocean estimated the Saudi Arabia Garbage Bags Market size at 36,500 tons in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Saudi Arabia Garbage Bags Market size to expand at a CAGR of 6.11% reaching the volume of 43,476 tons by 2030. Proactive government measures to eliminate pollution and a high level of citizen awareness regarding hygiene and cleanliness maintenance are major driving factors for the Saudi Arabia Garbage Bags Market.
Opportunity: Rising construction of residential complexes
The Saudi Arabia Garbage Bags Market is segmented into residential, commercial, and industrial, based on end user. The residential segment dominates the Saudi Arabia Garbage Bags Market owing to the high awareness of cleanliness among Saudi residents. Garbage bags are prominently used to store waste food to control its odor and spilling and maintain hygiene, as open food waste attracts pests, which can lead to diseases. Eco-friendly garbage bags are gaining significant popularity among residents, which is anticipated to influence the growth of the residential segment.
Saudi Arabia Garbage Bags Market
Segmental Coverage
Saudi Arabia Garbage Bags Market - By Type
Based on type, the Saudi Arabia Garbage Bags Market is segmented into star-sealed, drawstring, wavetop, C fold, flat seal, and gusset seal. The star-sealed segment holds the largest share in the Saudi Arabia Garbage Bags Market. The star closure prevents leaks, disperses waste uniformly throughout the bag, and enables the liner to take on the shape of a garbage can. This garbage bag offers advantageous features over its counterparts, such as high durability, flexibility, and tear resistance, which makes it suitable for both dry and wet waste.
Competitive Landscape
Major players operating in the Saudi Arabia Garbage Bags Market include Napco National, Al Watania Plastics, Al Tayyar Plastic & Rubber Manufacturing Co. Ltd, United Plastic Products Company Ltd, Saudi Plastic Factory Co., Arabian Plastics Industrial Company Limited, Polypak Industries, Al Rashed Polystyrene Products Factory, Al-Obeikan Plastic Company, Sahara Plastic Company, and Al Faris International Company.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Garbage Bags Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Garbage Bags Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
