Saudi Arabia Plastic Recycling Market Overview
According to SPER Market Research, the Saudi Arabia Plastic Recycling Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
Plastic recycling includes collecting, sorting, cleaning, and processing plastic trash to make new items. It reduces the quantity of plastic that ends up in landfills, oceans, and other natural environments, which helps to lessen the environmental effect of plastic waste. Collection, sorting, shredding, washing, melting, and pelletizing are all steps in the process. Plastic garbage is collected, sorted by kind and colour, cleaned to remove impurities, and shredded into little bits. The shredded plastic is then melted and moulded into pellets, which can be utilized to create a wide range of new items.
Exploring the Growth Drivers of the Saudi Arabia Plastic Recycling Industry
There are several factors are causing the Saudi plastic recycling sector growing quickly. To begin, the Saudi government has implemented a number of measures and laws to promote sustainable waste management and minimize the country's dependency on landfills. As a result, there has been a greater emphasis on plastic recycling and investment in the area, which is projected to boost market expansion. Second, as the country's population and industrialisation rise, so does the amount of plastic garbage produced. As a result, there is a high demand for plastic recycling as a more sustainable way to handle plastic trash.
What challenges does the Saudi Arabia Plastic Recycling Market face?
Despite the growth drivers, the Saudi plastic recycling market deals with many challenges that must be addressed in order to assure long-term growth. One of the major issues is a lack of infrastructure for managing plastic garbage. While the government has established efforts and legislation to promote sustainable waste management practices, the infrastructure for collecting, sorting, and recycling plastic trash is still in its early stages. This complicates the collection, sorting, and recycling of plastic garbage. Another issue is a shortage of skilled labour and technical knowledge. Skilled labour is required in the plastic recycling business to run recycling machinery and oversee the recycling process.
In what ways has the COVID-19 pandemic affected Saudi Arabia Plastic Recycling Market?
The COVID-19 pandemic has had both beneficial and negative effects on Saudi Arabia's plastic recycling business. Because of the pandemic's lowered economic activity and industrial production, the amount of plastic garbage generated decreased, significantly impacting the plastic recycling business. However, the epidemic raised awareness of sustainability and environmental protection, resulting in a rise in demand for recycled plastic products. To lessen the environmental impact of plastic trash, the epidemic has also highlighted the need for more efficient waste management practises, including plastic recycling. Furthermore, the rising need for plastic-made personal protection equipment, such as face masks and shields, has provided new prospects for plastic recycling, particularly for medical waste.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application
|
| Regions covered | Northern, Central, Western, Eastern
|
| Companies Covered | Arabian Ladinah for Industrial Co, Recycling Industries, Saudi Investment Recycling Company, Saudi Top Plastic Factory, Waste Collection & Recycling Co ltd.
|
Key Target Audience- Plastic recycling companies
- Manufacturers
- Suppliers
- Government Agencies
- Environmental Organization
Saudi Arabia Plastic Recycling Market Segmentation:
1. By Type:
- Saudi Arabia Plastic Recycling Market Value Share and Forecast, By Type, 2023-2033
- Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Others
2. By Application:
- Saudi Arabia Plastic Recycling Market Value Share and Forecast, By Application, 2023-2033
- Automotive
- Construction
- Packaging
- Textile
- Others
3. By Region:
- Northern
- Central
- Western
- Eastern
Key Topics Covered in the Report
- Saudi Arabia Plastic Recycling Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia Plastic Recycling Market
- Segmentation of Saudi Arabia Plastic Recycling Market By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Others)
- Segmentation of Saudi Arabia Plastic Recycling Market By Application (Automotive, Construction, Packaging, Textile, Others)
- Statistical Snap of Saudi Arabia Plastic Recycling Market
- Growth Analysis of Saudi Arabia Plastic Recycling Market
- Problems and Challenges in Saudi Arabia Plastic Recycling Market
- Competitive Landscape in the Saudi Arabia Plastic Recycling Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Plastic Recycling Market
- Details on Recent Investment in Saudi Arabia Plastic Recycling Market
- Competitive Analysis of Saudi Arabia Plastic Recycling Market
- Key Players in the Saudi Arabia Plastic Recycling Market
- SWOT Analysis of Saudi Arabia Plastic Recycling Market
- Saudi Arabia Plastic Recycling Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Plastic Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Plastic Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Plastic Recycling Market
7. Saudi Arabia Plastic Recycling Market, By Type (USD Million)
7.1. Saudi Arabia Plastic Recycling Market Value Share and Forecast, By Type, 2023-2033
7.2. Polyethylene
7.3. Polyethylene Terephthalate
7.4. Polypropylene
7.5. Others
8. Saudi Arabia Plastic Recycling Market, By Application (USD Million)
8.1. Saudi Arabia Plastic Recycling Market Value Share and Forecast, By Application, 2023-2033
8.2. Automotive
8.3. Construction
8.4. Packaging
8.5. Textile
8.6. Others
9. Saudi Arabia Plastic Recycling Market Forecast, 2019-2033 (USD Million)
9.1. Saudi Arabia Plastic Recycling Market Size and Market Share
10. Saudi Arabia Plastic Recycling Market, By Type, 2019-2033 (USD Million)
10.1. Saudi Arabia Plastic Recycling Market Size and Market Share by Type (2019-2026)
10.2. Saudi Arabia Plastic Recycling Market Size and Market Share by Type (2027-2033)
11. Saudi Arabia Plastic Recycling Market, By Application, 2019-2033 (USD Million)
11.1. Saudi Arabia Plastic Recycling Market Size and Market Share by Application (2019-2026)
11.2. Saudi Arabia Plastic Recycling Market Size and Market Share by Application (2027-2033)
12. Saudi Arabia Plastic Recycling Market, By Region, 2019-2033 (USD Million)
12.1. Saudi Arabia Plastic Recycling Market Size and Market Share by Region (2019-2026)
12.2. Saudi Arabia Plastic Recycling Market Size and Market Share by Region (2027-2033)
12.3. Northern
12.4. Central
12.5. Western
12.6. Eastern
13. Company Profile
13.1. Arabian Ladinah for Industrial Co.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Recycling Industries
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Saudi Investment Recycling Company
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Saudi Top Plastic Factory
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Waste Collection & Recycling Co Ltd.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
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.
