Al Khobar Saudi Arabia
Fleming Gulf Conferences
+971 4609 1570
The Plastic Industry in the Middle East is growing at a rate of 30% every year with a CAGR of around 8%. The Kingdom of Saudi Arabia has played an important role in pushing the regional plastic industry into exceptional growth, with over 80% of plastic manufacturing companies located in the Kingdom. Major investment projects are currently being developed in the country through global joint ventures and setting up of parks, having the region poised to be the leader in the global plastic industry in the next few years.
The Kingdom Polymers & Plastics Summit will bring together the upstream and downstream sector - raw material suppliers, polymer manufacturers, compounders, technology providers and plastic converters. The objective of the event is to create a platform to bring forth latest production and technological updates in plastic manufacturing and raise awareness on future market applications on a global level.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.
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