Saudi Arabia Plastic Recycling Market, By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others), By Source (Bottles, Films, Fibers, Foams and Others), By Method (Mechanical, Thermal, Chemical, and Landfill), By End-User (Packaging, Building & Construction, Textile, Electrical & Electronics and Automotive and Others), By Region, Competition Forec

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Saudi Arabia Plastic Recycling Market, By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others), By Source (Bottles, Films, Fibers, Foams and Others), By Method (Mechanical, Thermal, Chemical, and Landfill), By End-User (Packaging, Building & Construction, Textile, Electrical & Electronics and Automotive and Others), By Region, Competition Forec

Saudi Arabia Plastic Recycling Market is anticipated to observe impressive growth during the forecast period, 2024-2028. The major factors driving the market growth include widespread application of recycled plastics in packaging, automotive, construction, textile is augmenting the growth of the market.

. As per various studies, plastic waste from drinking water bottles in Saudi Arabia was estimated at 8,27,114 tonnes each year, which produced 26,79,851 tonnes of CO2 per year.

KSA government has an ambition to redirect 99% of the waste away from landfill, with about 80 per cent to be recycled.

Recent Developments

  • Construction of giant petrochemicals plant by Aramco and TotalEnergies is expected to start from the first quarter of 2023 with an equity of 62.5% and 37.5% respectively. In July 2022, SATORP was certified with ISCC+ for its initiatives like plastic recycling.
  • BEEAH is expanding its product portfolio in Saudi Arabia in support of Saudi vision 2030. In a new launching of BEEAH, it is incorporating artificial intelligence-based machinery for plastic waste segregation.

Market Segmentation

Market Players

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends

Segments covered

Type

Source

Method

End-user

Regional scope

Northern and Central Saudi Arabia, Western Saudi Arabia, Southern Saudi Arabia, Eastern Saudi Arabia.

Key companies profiled

Saudi Top Plastic Factory (STP), Recycling Industries, Arabian Ladinah for Industrials Co., Ltd, Waste Collection & Recycling Co. Ltd (WACSO), Saudi Investment Recycling Company (SIRC).

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