Plastic Bags Factory

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The project of the plastic bags factory revolves around heating the plastic raw materials to produce a plastic film, which is cut into the required bag shape. These bags are used in shopping, packaging, storing, protecting products, foodstuff, etc. Mashroo3k for Economic Consulting emphasizes the project’s economic feasibility due to the increased demand for these products, the construction and operating low cost, and the potentiality to expand in the future by adding new production lines or increasing the production capacity of the existing lines.

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فترة الاسترداد Second Year

Description of the Plastic Bags Factory

The project of the plastic bags factory revolves around heating the plastic raw materials to produce a plastic film, which is cut into the required bag shape. These bags are used in shopping, packaging, storing, protecting products, foodstuff, etc. Mashroo3k for Economic Consulting emphasizes the project’s economic feasibility due to the increased demand for these products, the construction and operating low cost, and the potentiality to expand in the future by adding new production lines or increasing the production capacity of the existing lines.

Our company Mashroo3k for Economic Consulting is pleased to provide a feasibility study for the plastic bags factory, striving to make this project economically sustainable, according to the latest international standards followed in this domain. Our services are characterized by methodology, comprehensiveness, connectivity, and the ability to anticipate the future due to our massive database that covers all the markets in the Middle East, as we have a team of consultants with extensive experience, competence, and professionalism. Moreover, we provide our clients with the best production lines at affordable prices.

Project products

Producing plastic bags in various sizes, shapes, and types
Printing plastic bags

why Mashroo3k

Financing approval: Mashroo3k is approved by all funders in the Kingdom of Saudi Arabia, Egypt, Oman, and Qatar.
International research expertise: Mashroo3k has a strong network of connections with many institutions and companies specialized in marketing consulting and market research. Mashroo3k is a member of the European Society for Opinion and Market Research ESOMAR, and builds its database in compliance with the top websites: ESOMAR ANA – OEC – Statista – Unicef Data – WITS_ ITC.
Services geographic coverage: Mashroo3k has a team of experts covers 22 countries : Saudi Arabia – Kuwait – Qatar – United Arab Emirates – Bahrain – Oman – Yemen – Jordan – Iraq – Armenia – Indonesia – Syria – Turkey – Georgia – Romania – Egypt – Sudan – Libya – Somalia – Algeria – Djibouti – Mali.
Mashroo3k’s international memberships: Mashroo3k has obtained more than 30 international memberships, in addition to ISO, Amnesty International,and Digital Marketing Institute.
Mashroo3k is a business partner and service provider for the world’s top companies and international entities: Such as United Nation Global, PWC, Marketplace, and Accenture PWCوAccenture

Producing high-quality plastic bags.
Competitive price.
Good customer service
Producing outstanding designs and colors of plastic bags.
Producing biodegradable and recyclable plastic bags.
Providing print service according to the customers’ needs.

Executive Summary

Project Overview
Financial indicators
Project justification
Government investment incentives for the project
Target markets
Final indicators and outcomes of the project

Project Service/Product Study

Description of the project and all its services/products
Project advantages and production requirements

Market Size Study

Familiarity with distribution channels
Consumers’ behavior, desires, and habits
Competitors’ products or services and their strengths and weaknesses
The nature and attributes of the market
The size of the demand for a product or service
The available share of the target market
The optimal method of marketing

Study of Risks

Identifying the risks
Risks’ impact on the project
Methods of risk prevention

Technical Study

A detailed description of the project’s products, the expected production capacity, and identifying investment costs
Identifying the size of electrical and water power
Identifying the project’s employment
Identifying the project’s requirements
Estimating construction costs
Estimating the total capital
Estimating annual operating costs
Estimating the amount of operating capital

Financial Study

The total required investment costs of the project
Structuring the income statement, cash flow statement, and balance sheet of the first ten years of operation
Estimating the expected annual revenues of the project in light of the identified operating capacities
The optimal funding structure of the project in light of the investors’ capabilities and funding terms
The project financial indicators and sensitivity analysis

Regulatory and Administrative Study

The project workforce
Regulatory structure
Job duties

Plastics sector in the Gulf Cooperation Council Countries

In 2020, the global plastics market registered an estimated volume of approximately USD 579.7 billion. Moreover, the market value is expected to reach USD 750.1 billion by the year 2028, with a compound annual growth rate of 3.4%. In the Gulf Cooperation Council (GCC) region, the plastics industry has witnessed notable expansion in recent decades. This growth is attributed to governmental initiatives aimed at achieving economic diversification, emphasizing a strategic shift away from sole reliance on oil and gas as primary sources of income. t is imperative to underscore the heightened demand for plastics in specific industries. including cars, , packaging materials, construction report by the Gulf Petrochemicals and Chemicals Association (GPCA) that stated that plastics are the second largest industrial sector in the region with products worth up to USD 108 billion. In case you want to catch a glimpse of this industry’s indicators in the Kingdom of Saudi Arabia, our company Mashroo3k shows you specific points that can serve as a guide in your investment journey, based on the latest available statistics In case you want to catch a glimpse of this industry’s indicators in the Kingdom of Saudi Arabia, our company Mashroo3k shows you specific points that can serve as a guide in your investment journey, based on the latest available statistics:

Saudi Arabia accounts for 72% of the Gulf volume of plastic industry activities, considering that the entire Gulf region accounts for 9% of the global plastic industry.
Saudi ranked eighth in plastic production and accounts for 2% of the global production of polymer.
The number of rubber and plastics factories in Saudi Arabia until the end of 2021 Q2 has exceeded 222, with 11.9% of the total number of Saudi operating factories.
According to Standard International Trade Classification, the Kingdom’s export value of raw material plastic reached SAR 67,824,000,000 These plastics’ weight was estimated at 16,978 tons. The export value of synthetic plastics was estimated at SAR 2,403,000,000, representing 384 tons.
In 2020 Q2, the merchandise export value of plastic and rubber was estimated at SAR 13,723,000,000, then increased to SAR 22,491,000,000 in 2021 Q2.
The operating costs of plastic and rubber manufacturing activities have exceeded SAR 10,103,147,000. The total revenues of these activities reached SAR 20,148,798,000.
The operating costs of plastic and rubber manufacturing activities are expected to reach SAR 20,264,052,000, with 8% in 2027. The operating revenues of these activities will reach SAR 32,477,785,000 in the same year (2027), with 5.4%.

Ultimately, Mashroo3k emphasizes that global demand for plastic will triple by 2050. The available data indicate that the level of plastic consumption by individuals in the GCC countries has increased, with the per capita consumption of plastic estimated at 94 kg/year according to the latest available statistics.

According to the Organization for Economic Co-operation and Development (OECD), the global total production of plastic reached 234 million metric tons, then increased to 460 million metric tons which is considered as a significant growth in this sector. Consequently, Mashroo3k recommends investing in this sector due to the increasing global waste of plastic from 156 million metric tons in 2000 to 353 million metric tons in 2019.

Global Plastics Sector

The global plastics market value reached USD 593 billion in 2021. While at the end of 2022, the market value is expected to reach USD 609.01 billion. Moreover, the market is expected to expand at a CAGR of 3.7%, with USD 811.57 billion by the end of 2030.