MEA Recycled Plastic Market Growth, Size, Trends, Revenue, Challenges and Fututre Opportunities
Middle East and Africa Recycled Plastic Market Size- By Type, By Source -Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: CHEM2420 | Pages: 1 - 154 | Formats*: |
| Category : Chemical & Materials | |||
Middle East and Africa Recycled Plastic Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Recycled Plastic Market is estimated to reach USD 7403.73 million by 2033 with a CAGR of 7.8%.
The report includes an in-depth analysis of the Middle East and Africa Recycled Plastic Market, including market size and trends, product mix, distribution channels, and supplier analysis. Plastic that has been processed and repurposed after going through its first lifecycle is referred to as recycled plastic. To make new plastic products, the procedure usually entails gathering waste plastic bottles, containers, and packaging materials, cleaning them, and then melting them down. By lowering the quantity of plastic waste that ends up in landfills and the ocean, recycling plastic helps to reduce environmental pollution. Furthermore, it reduces the requirement for virgin plastic production, which uses a lot of energy and needs the extraction of natural gas or petroleum, thereby conserving precious resources. Numerous products, such as new bottles, bags, furniture, building materials, and more, can be made from recycled plastic.
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Market Opportunities and Challenges
Opportunities: The Middle East and Africa provide a number of opportunities. First off, there's a need for sustainable waste management solutions because the region's urbanization and expanding population are producing a significant amount of plastic waste. Second, governments and corporations are investing in recycling infrastructure and efforts as a result of growing regulatory pressure and awareness of environmental challenges, particularly plastic pollution. Thirdly, the growing consciousness among consumers regarding environmental sustainability is propelling the market for products crafted from recycled materials, hence motivating producers to use recycled plastic into their manufacturing procedures.
Challenges: However, the market's expansion will be hampered by changes in raw material pricing, disruptions to the supply chain brought on by the pandemic's aftermath, and challenges with the recycling process. The market's development pace will also be hampered by fierce competition from virgin plastics and other biodegradable products. Furthermore, businesses and customers alike are not sufficiently informed or aware of the advantages of utilizing recycled plastic items and the significance of recycling. The attempts to establish a sustainable circular economy are hampered by this lack of awareness, which also leads to low recycling rates.
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Market Competitive Landscape
The Recycled Plastic market in the Middle East and Africa is extremely fragmented. The major players covered in the recycled plastic market are CUSTOM POLYMERS, B & B Plastics Inc., B. Schoenberg & Co., Inc., ENVISION PLASTICS, Jayplas, Joe's Plastics, K K Asia (HK) Ltd., Berry Global Inc., MBA Polymers Inc., Plastipak Holdings.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Source |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Berry Global Inc., B & B Plastics Inc., B. Schoenberg & Co., Inc., Birch Plastics Inc., ENVISION PLASTICS, Jayplas, Joe's Plastics, K K Asia (HK) Ltd., KW Plastics, MBA Polymers Inc., Plastipak Holdings, Inc., RJM INTERNATIONAL, INC, SUEZ, Ultra-Poly Corporation, VEOLIA ENVIRONNEMENT SA, Others |
COVID-19 Impact on Middle East and Africa Recycled Plastic Market
The market for recycled plastic in the Middle East and Africa has been impacted by the COVID-19 outbreak in a number of ways. The pandemic first affected production and supply chains, which had an impact on the procurement, handling, and distribution of recycled plastic materials. Lockdowns and travel restrictions put in place to stop the virus's spread hindered recycling efforts and decreased the amount of recycled plastic that was available for purchase. Furthermore, the pandemic's effects on the economy have changed consumer behavior and the demand for recycled plastic items in the industrial sector. Numerous businesses saw a drop in production and sales, especially those in non-essential sectors like consumer goods, construction, and automotive, which decreased the demand for recycled plastic materials.
Key Target Audience
- Manufacturers and Producers
- Retailers and Distributors
- Government and Regulatory Bodies
- Environmental Organizations and Advocacy Groups
- Investors and Financial Institutions
- Consumers and End Users
- Recycling Industry Stakeholders
Our in-depth analysis of the Middle East and Africa Recycled Plastic Market includes the following segments:
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Key Topics Covered in the Report
- Middle East and Africa Recycled Plastic Market Size (FY’2024-FY’2033)
- Overview of Middle East and Africa Recycled Plastic Market
- Segmentation of Middle East and Africa Recycled Plastic Market By Type (Polyethylene terephthalate, Polyethylene, Polypropylrnr, Polyvinyl Chloride, Polystyrene, Others)
- Segmentation of Middle East and Africa Recycled Plastic Market By Source (Bottles, Bags, Films, Fibers, Foams, Others)
- Expansion Analysis of Middle East and Africa Recycled Plastic Market
- Problems and Obstacles in Middle East and Africa Recycled Plastic Market
- Competitive Landscape in the Middle East and Africa Recycled Plastic Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Recycled Plastic Market
- Details on Current Investment in Middle East and Africa Recycled Plastic Market
- Competitive Analysis of Middle East and Africa Recycled Plastic Market
- Prominent Players in the Middle East and Africa Recycled Plastic Market
- SWOT Analysis of Middle East and Africa Recycled Plastic Market
- Middle East and Africa Recycled Plastic Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East and Africa Recycled Plastic Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Recycled Plastic Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Recycled Plastic Market
7. Middle East and Africa Recycled Plastic Market, By Type (USD Million)
7.1. Middle East and Africa Recycled Plastic Market Value Share and Forecast, By Type, 2024-20337.2. Polyethylene terephthalate7.3. Polyethylene7.4. Polypropylrnr7.5. Polyvinyl Chloride7.6. Polystyrene7.7. Others
8. Middle East and Africa Recycled Plastic Market, By Source (USD Million)
8.1. Middle East and Africa Recycled Plastic Market Value Share and Forecast, By Source, 2024-20338.2. Bottles8.3. Bags8.4. Films8.5. Fibers8.6. Foams8.7. Others
9. Middle East and Africa Recycled Plastic Market Forecast, 2020-2033 (USD Million)
9.1. Middle East and Africa Recycled Plastic Market Size and Market Share
10. Middle East and Africa Recycled Plastic Market, By Type, 2020-2033 (USD Million)
10.1. Middle East and Africa Recycled Plastic Market Size and Market Share By Type (2020-2026)10.2. Middle East and Africa Recycled Plastic Market Size and Market Share By Type (2027-2033)
11. Middle East and Africa Recycled Plastic Market, By Source, 2020-2033 (USD Million)
11.1. Middle East and Africa Recycled Plastic Market Size and Market Share By Source (2020-2026)11.2. Middle East and Africa Recycled Plastic Market Size and Market Share By Source (2027-2033)
12. Middle East and Africa Recycled Plastic Market, By Region, 2020-2033 (USD Million)
12.1. Middle East and Africa Recycled Plastic Market Size and Market Share By Region (2020-2026)12.2. Middle East and Africa Recycled Plastic Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Western Region12.5. Northern Region12.6. Southern Region
13. Company Profile
13.1. Berry Global Inc.
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. B & B Plastics Inc.
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. B. Schoenberg & Co., Inc.
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Birch Plastics Inc.
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. ENVISION PLASTICS
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Jayplas
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Joe's Plastics
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary
13.7.4. Recent developments
13.8. K K Asia (HK) Ltd.
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. KW Plastics
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. MBA Polymers Inc.
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Plastipak Holdings, Inc.
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. RJM INTERNATIONAL, INC
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. SUEZ
13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments
13.14. Ultra-Poly Corporation
13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments
13.15. VEOLIA ENVIRONNEMENT SA
13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments
13.16. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East and Africa Recycled Plastic Market is projected to reach USD 7403.73 million by 2033, growing at a CAGR of 7.8% during the forecast period.
Middle East and Africa Recycled Plastic Market grew in Market size from 2022. The Market is expected to reach USD 7403.73 million by 2033, at a CAGR of 7.8% during the forecast period.
Middle East and Africa Recycled Plastic Market CAGR of 7.8% during the forecast period.
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Middle East and Africa Recycled Plastic Market size is USD 7403.73 million from 2023 to 2033.
Middle East and Africa Recycled Plastic Market Segment is covered By Type, By Source.
The MEA is anticipated to have the highest Market share in the Middle East and Africa Recycled Plastic Market.
The key players in the Market include Companies Covered Berry Global Inc., B & B Plastics Inc., B. Schoenberg & Co., Inc., Birch Plastics Inc., ENVISION PLASTICS, Jayplas, Joe's Plastics, K K Asia (HK) Ltd., KW Plastics, MBA Polymers Inc.
Plastic that has been processed and repurposed after going through its first lifecycle is referred to as recycled plastic.
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