Between 2013 and 2023, the market size value per capita for glues based on starches or modified starches in Saudi Arabia demonstrated fluctuations, peaking in 2013 at $0.53 and gradually decreasing to $0.43 in 2023. Year-on-year variations included a notable dip between 2014 and 2015 by approximately 9.62%, a decline from 2020 to 2021 inversely of 18.42%, and a smaller decrease of 2.27% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) stands at an average decline of 2.18%.
Future trends to watch for include:
- Potential innovations in eco-friendly adhesive solutions in response to global sustainability trends.
- Economic impacts due to fluctuations in raw material availability and supply chain dynamics.
- Growth opportunities arising from the expansion of manufacturing sectors within the region.