Saudi Arabia Plastic Recycling Market Report and Forecast 2024-2032

Saudi Arabia Plastic Recycling Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the Saudi Arabia plastic recycling market is projected to grow at a CAGR of 5.5% between 2024 and 2032. Aided by the increasing environmental concerns and the nation's proactive stance towards sustainable development, the market is expected to grow significantly by 2032.

Plastic recycling refers to the process of recovering waste or scrap plastic and converting it into usable products. Given its dominance in the global oil industry, it is unsurprising that Saudi Arabia is a substantial producer and consumer of plastics. However, rising environmental concerns associated with plastic waste have steered the nation towards a robust recycling strategy.

An important factor driving the Saudi Arabia plastic recycling market growth is the mounting environmental challenges linked with plastic waste, such as marine pollution, microplastic contamination, and other ecological threats, that have necessitated urgent action. Recognising these challenges, the Saudi Arabian government has intensified its efforts, enacting regulations to curb single-use plastics and promoting recycling.

As per the Saudi Arabia plastic recycling market analysis, the growing awareness among Saudi Arabian consumers regarding the adverse environmental implications of plastic waste is further catalysing the shift towards recycling. Educational campaigns, grassroots movements, and corporate initiatives are converging to shape a more environmentally conscious populace that values sustainability over disposability.

The application spectrum of recycled plastics in Saudi Arabia is expansive. From packaging materials and textiles to construction and automotive components, recycled plastics are making inroads into diverse industries, propelling the Saudi Arabia plastic recycling market demand. For instance, in the construction sector, recycled plastics are being employed for insulation, piping, and flooring, owing to their durability and cost-efficiency.

Another crucial pivot for the market's expansion is the blossoming entrepreneurial ecosystem in Saudi Arabia. Numerous start-ups and small enterprises are entering the recycling space, leveraging innovative technologies and methodologies to enhance plastic waste processing, thereby contributing to the market's dynamism.

With Vision 2030, Saudi Arabia's ambitious national strategy emphasising sustainable development, the roadmap for the plastic recycling sector appears promising. Investments in advanced recycling technologies, public-private partnerships, and the government's pledge to enhance sustainability are expected to galvanise the plastic recycling and increase the value of the Saudi Arabia plastic recycling market size.

Market Segmentation

The market can be divided based on type and application.

Market Breakup by Type
  • Polypropylene (PP)
  • Polyethylene (PE)
HDPE

LDPE
  • Polyethylene Terephthalate (PET)
  • Others
Market Breakup by Application
  • Packaging
  • Textile
  • Automotive
  • Construction
  • Others
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia plastic recycling market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Saudi Top Plastic Factory (STP)
  • Recycling Industries
  • Arabian Ladinah for Industrials Co., Ltd.
  • Waste Collection & Recycling Co. Ltd (WASCO)
  • Saudi Investment Recycling Company (SIRC)
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 GCC Plastic Recycling Market Overview
8.1 Key Industry Highlights
8.2 GCC Plastic Recycling Historical Market (2018-2023)
8.3 GCC Plastic Recycling Market Forecast (2024-2032)
8.4 GCC Plastic Recycling Market by Type
8.5 GCC Plastic Recycling Market by Application
8.6 GCC Plastic Recycling Market by Country
8.6.1 Saudi Arabia
8.6.2 United Arab Emirates
8.6.3 Qatar
8.6.4 Kuwait
8.6.5 Oman
8.6.6 Bahain
9 Saudi Arabia Plastic Recycling Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia Plastic Recycling Historical Market (2018-2023)
9.3 Saudi Arabia Plastic Recycling Market Forecast (2024-2032)
9.4 Saudi Arabia Plastic Recycling Market by Type
9.4.1 Polypropylene (PP)
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Polyethylene (PE)
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.2.3 By Type
9.4.2.3.1 HDPE
9.4.2.3.2 LDPE
9.4.3 Polyethylene Terephthalate (PET)
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Others
9.5 Saudi Arabia Plastic Recycling Market by Application
9.5.1 Packaging
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Textile
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Automotive
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Construction
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Saudi Top Plastic Factory (STP)
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Recycling Industries
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Arabian Ladinah for industrials Co. Ltd
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Waste Collection & Recycling Co. Ltd (WASCO)
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Saudi Investment Recycling Company (SIRC)
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC Plastic Recycling Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Plastic Recycling Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Plastic Recycling Historical Market: Breakup by Type (Million Tonnes), 2018-2023
4. Saudi Arabia Plastic Recycling Market Forecast: Breakup by Type (Million Tonnes), 2024-2032
5. Saudi Arabia Plastic Recycling Historical Market: Breakup by Application (Million Tonnes), 2018-2023
6. Saudi Arabia Plastic Recycling Market Forecast: Breakup by Application (Million Tonnes), 2024-2032
7. Saudi Arabia Plastic Recycling Market Structure

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