Middle East leads global plastics industry with 30 per cent annual growth rate
The Middle East has emerged as a key growth catalyst in the global plastics trade, as the region's plastics industry is expected to achieve an annual growth rate of up to 30 per cent over the next five years. Saudi Arabia, in particular, has helped fuel the regional plastics industry's exceptional growth with large-scale investments that have made the country the Middle East's largest producer by volume of polyethylene, a vital component in the production of consumer plastic products.
Riyadh Exhibitions Company, organiser of Saudi Plas 2009 – The 9th International Plastics Technology Show, noted that while international demand continues to increase, Saudi Arabia's domestic requirements are likewise sustaining the remarkable growth of the plastics industry. Recent surveys have revealed that Saudi Arabia possesses the highest per capita consumption of plastics in the Middle East at 40 kilograms per person, which is twice as much as any other country in the GCC.
Saudi Plas 2009, which will be held from Shawwal 29 to Zul Al-Qi’dah 2, 1430 / October 18 to 21, 2009 at the new, state-of-the-art Riyadh International Exhibition Centre, one of the Middle East's most advanced exhibition facilities, will provide a business-to-business networking platform for key decision makers, industrialists, developers and other industry stakeholders. The event will be held concurrently with Saudi Petrochem 2009 – The 4th International Exhibition for Chemicals and Chemical Technology Industry; Saudi Pack 2009 – The 9th International Packing Machinery and
Materials Show; and Saudi Print 2009 – The 9th International Pre-press and Printing Technology Exhibition.
Collectively branded as "Saudi PPPP 2009," the concurrent events seek to leverage Saudi Arabia's status as the Middle East's fastest-growing market for the petrochemical, printing, packaging and plastic industries.
Kamil öAl Jawhari, Project Manager of Saudi PPPP at Riyadh Exhibitions Company, said, "Saudi Arabia has all the elements to be a major player in the global trade of plastics. The abundance of cheap raw materials, its proximity to European and Asian export markets and high availability of low-cost energy are some of the key factors that have sustained the dramatic growth of Saudi Arabia's plastics industry. In addition, massive residential and commercial developments that are currently being built across the country will urgently require the latest in plastic products and technology."
"This is certainly a very exciting time to invest and look for gainful business opportunities in Saudi Arabia and the rest of the Middle East region. Saudi Plas 2009 will thus play a crucial role in providing a centralised platform for international suppliers, buyers, manufacturers and other stakeholders of the global plastics industry to discuss and identify new avenues for growth and to address emerging challenges," added Jawhari.
Saudi Plas 2009 will showcase a wide range of products, machineries and value-added services including plastic moulding machines, plastic injection systems, compounds, chemicals and supplies; plastics for packaging, plastic bags and containers, PVC pipes, plastic furniture, plastics for household items, plastic healthcare products, plastics and petrochemical processing machinery, and consulting services.
Over 390 international companies, including 170 new participating firms, have already confirmed participation in Saudi PPPP 2009. The confirmed exhibitors now represent a substantial 77.4 per cent increase in participation, while exhibition space has been expanded by 100 per cent to reach 15,000 square metres.
- Saudi Arabia's printing industry to grow by 15 per cent annually, fuelled by technology-driven expenditure
- Middle East leads global plastics industry with 30 per cent annual growth rate
- Middle East plastic industry projected to record 30 per cent annual growth over next five years
- Middle East plastics industry projected to achieve 30 per cent growth over next five years
- Global plastic production grew over 500 per cent over the past 30 years