Mashroo3k Economic Consulting Company offers a feasibility study for a plastic pipe factory project in Iraq, with the highest return on investment and the best payback period. This study is based on a series of in-depth studies of the Iraqi market size, an analysis of local and foreign competitors’ strategies, and the ability to provide competitive pricing.
Plastic pipes are easy to install and repair, and are resistant to rust, extending their lifespan. Therefore, Mashroo3k Economic Consulting advises investors interested in investing in Iraq to invest in a plastic pipe factory project based on careful studies of the Iraqi market, ensuring the highest return on investment and the best payback period.
Mashroo3k Company directs Iraqi investors interested in investing in a plastic pipe factory project in Iraq, or developing existing projects, to seek the advice of specialized consultants through Mashroo3k Company, to help them determine the best methods and approaches for developing the factory’s services and enhancing its competitive advantages.
Executive Summary
Study of project services/products
Market Size Study
Risk study
In 2020, the global plastic market was estimated to be worth approximately $579.7 billion. This market is expected to reach a value of $750.1 billion by 2028, with a compound annual growth rate (CAGR) of 3.4%.
As for the Gulf Cooperation Council (GCC) region, the plastics industry has grown significantly in recent decades, driven by government efforts to diversify economies and reduce dependence on oil and gas as the sole sources of revenue.
It is also worth noting that the increasing demand for plastics in certain industries has… such as: …automobiles, packaging materials, construction, and water pipes—has also contributed to the growth of this vital industry.
In fact, a report by the Gulf Petrochemicals and Chemicals Association (GPCA) stated that plastics represent the second-largest industrial sector in the region, with products valued at $108 billion.
For those interested in gaining insights into the key indicators of this industry in Saudi Arabia, “Mashroo3k” will present specific points that can serve as a guide for your investment journey, based on the latest available statistics.
Finally, “Mashroo3k” emphasizes that global demand for plastics is expected to triple by 2050.
Current data also indicates a significant rise in plastic consumption among individuals in Gulf Cooperation Council (GCC) countries, with per capita plastic consumption estimated at 94 kg per year, according to the latest available statistics.
According to the Organization for Economic Cooperation and Development (OECD), global plastic production totaled 234 million metric tons in 2000 and surged to 460 million metric tons, reflecting massive growth in the sector.
Given this expansion, “Mashroo3k” strongly recommends investing in this industry, especially as global plastic waste has also increased from 156 million metric tons in 2000 to 353 million metric tons in 2019.
The global plastics market was valued at $593 billion in 2021. By the end of 2022, the market was expected to reach $609.01 billion.
With a compound annual growth rate (CAGR) of 3.7%, the market is projected to expand to approximately $811.57 billion by 2030.