This is a factory for producing plastic cups, which manufactures plastic cups for both cold and hot beverages in various sizes. These products are indispensable, especially in universities, cafeterias, restaurants, clubs, hotels, furnished apartments, wholesale and retail stores, hypermarkets, supermarkets, and companies. The factory will operate with the latest technologies and the highest quality standards in this industry.
The project involves a plastic cups manufacturing plant, which will produce a variety of plastic cups designed for both hot and cold beverages in different sizes. These products have become essential and are widely used in universities, cafeterias, restaurants, clubs, hotels, furnished apartments, wholesale and retail stores, hypermarkets, supermarkets, and companies.<br>The factory will operate using the latest technologies and the highest quality standards in the plastic cup manufacturing industry. It will rely on a highly skilled and qualified workforce to produce premium-quality plastic cups capable of competing with both local producers and imported alternatives.<br>The factory aims to achieve self-sufficiency in the local market by meeting the growing demand for plastic cups. Additionally, it seeks to create new investment opportunities with promising returns, provide employment, and improve the economic and social well-being of workers.<br>The project also strives to deliver high-quality products at competitive prices to secure its targeted market share and contribute to meeting the increasing demand for plastic cup products by adopting the most advanced production methods in this field.
Attention to the quality of products and raw materials.
Quality control of products and operating supplies.
Availability of distinguished labor and experienced personnel.
The workforce is characterized by vitality and activity.
Presence of skilled technicians and production supervisors.
Production supervisors’ focus on product quality.
Sorting raw materials and testing random samples to ensure their quality.
Attention to cleanliness in the factory and packaging area.
Relying on price competitiveness as a key factor in product marketing.
Presence of a competent and experienced distribution network.
Executive summary
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Market Size Analysis
Risk Assessment
Technical study
Financial study
Organizational and administrative study
The Plastic Sector in the GCC Countries
In 2020, the global plastic market was estimated at around 579.7 billion USD and is expected to reach 750.1 billion USD by 2028, with a compound annual growth rate (CAGR) of 3.4%. Regarding the GCC region, the plastic industry has grown in recent decades, driven by governments’ desire to diversify their economies and reduce reliance on oil and gas as the sole sources of income. Additionally, the rising demand for plastics in industries such as automotive, packaging materials, construction, and water pipes has been another factor contributing to the growth of this vital industry. A report by the Gulf Petrochemicals and Chemicals Association (GPCA) indicated that plastics are the second-largest industrial sector in the region, with products worth up to 108 billion USD. For those interested in exploring the indicators of this industry in Saudi Arabia, “Mashroo3k” will present specific points that can serve as a guide in your investment journey, based on the latest available statistics:
Saudi Arabia accounts for nearly 72% of the GCC’s plastic production and its industries. The Gulf region, as a whole, represents 9% of the global plastic industry.
Saudi Arabia ranks 8th globally in plastic production, holding 2% of the global polymer production.
By the end of Q2 2021, there were over 222 rubber and plastics factories in Saudi Arabia, representing 11.9% of the total number of operating factories in the Kingdom.
According to the Harmonized System for International Trade classification, Saudi Arabia’s exports of “Plastics in Primary Forms” were valued at 67,824,000,000 SAR, with a weight of approximately 16,978 tons. For “Plastics in Non-Primary Forms,” the value of these exports was estimated at 2,403,000,000 SAR, with a weight of 384 tons.
In Q2 2020, the value of exports of plastics, rubber, and their products was around 13,723,000,000 SAR, which increased to 22,491,000,000 SAR in Q2 2021.
Operating expenses for rubber and plastic product manufacturing activities now exceed 10,103,147,000 SAR, while total revenues for these activities reached 20,148,798,000 SAR.
Operating expenses for rubber and plastic product manufacturing are expected to rise to 20,264,052,000 SAR by 2027, while operating revenues for these activities are anticipated to reach 32,477,785,000 SAR in the same year (2027). This represents an expense growth rate of 8% and a revenue growth rate of 5.4%.
In conclusion, “Mashroo3k” confirms that global demand for plastics will triple by 2050, and the data we have indicates an increase in plastic consumption among individuals in the GCC countries, with per capita consumption of plastic estimated at around 94 kg/year, according to the latest available statistics.
According to the Organization for Economic Co-operation and Development (OECD), the total global plastic production reached 234 million metric tons in 2000 and has since grown to 460 million metric tons, marking a significant expansion in the sector. As a result, “Mashroo3k” advises investing in this sector, especially considering that global plastic waste has increased from 156 million metric tons in 2000 to 353 million metric tons in 2019.
Global Plastic Sector
The global plastic market was valued at 593 billion USD in 2021. By the end of 2022, the market value is expected to reach 609.01 billion USD. The market will expand at a compound annual growth rate (CAGR) of 3.7%, and by the end of 2030, the market value is projected to reach approximately 811.57 billion USD.
