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Saudi Arabia Plastic Recycling Market Size, Share, Growth: By Type: Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), Others; By Application: Packaging, Textile, Automotive, Construction, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Saudi Arabia Plastic Recycling Market Outlook
The Saudi Arabia plastic recycling market stood at a volume of around 1.79 million tonnes in 2023. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032 to attain a value of around 3.06 million tonnes by 2032.
Increasing Demand for Polyethylene Terephthalate (PET) to Aid the Saudi Arabia Plastic Recycling Industry
The polyethylene terephthalate (PET) segment is expected to hold a significant market share in the Saudi Arabia plastic recycling industry during the forecast period. This development can be attributed to the increased usage of PET to manufacture products such as plastic bottles and food containers. PET is popularly used because of its cost-effectiveness, lightweight, high overall strength, excellent electrical insulating properties, and easy transportability. In addition, it also has FDA approval guaranteeing its safety upon contact with food and beverages.
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Packaging Sector to Augment the Growth of the Saudi Arabia Plastic Recycling Industry
Based on application, the packaging segment is expected to hold a significant share in the Saudi Arabia plastic recycling industry. This growth can be associated with the rapid adoption of recycled plastic products in the packaging of goods. The growing e-commerce industry and the rapid urbanisation are supporting the growth of the segment.
Plastic Recycling: Market Segmentation
Nowadays, products made from plastic are ubiquitous in our environment owing to their cheap and multifunctional properties. However, this increase has led to a significant environmental crisis globally, as plastic waste is non-biodegradable and has hazardous consequences on the planet if not dealt properly. In this regard, plastic recycling is a process through which various plastic materials can be recovered and reused in the form of new products. Therefore, it is an essential mechanism that helps in reducing wastage and decreasing pollution and supports environmental conservation. The steps for the recycling process include collection, categorising, washing, shredding and, lastly, compounding.
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By type, the market is divided into:
- Polypropylene (PP)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Others
The polyethylene (PE) segment can be divided based on type into HDPE and LDPE.
Based on application, the industry can be categorised into:
- Packaging
- Textile
- Automotive
- Construction
- Others
Rising Environmental Concerns and Increased Government Investments to Drive the Saudi Arabia Plastic Recycling Industry
The rapid increase in pollution levels caused by plastic has led to severe consequences on the entire ecosystem globally. Consequently, plastic recycling is increasingly being utilised as a positive approach ensuring safe and efficient disposal and subsequent reprocessing of plastic products. The government in Saudi Arabia has introduced multiple initiatives to support and implement plastic recycling nationwide. Meanwhile, due to increased industrialisation, many large and small enterprises are developing innovative ways of employing plastic materials in an eco-friendly manner. These are some of the factors contributing to the growth of the plastic recycling industry in Saudi Arabia.
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According to estimates, Saudi Arabia is expected to notice a double increase in solid waste generation, out of which 5-17% is attributed to plastic waste. While the recycling process in Saudi Arabia is in its early stages, an integrated approach of waste recycling and recovering new products in major cities is estimated to reduce the requirement of costly raw materials and fossil fuels in the country.
Key Industry Players in the Saudi Arabia Plastic Recycling Market
The report gives a detailed analysis of the following key players in the Saudi Arabia plastic recycling market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
Key Questions Answered in the Report
In 2023, the Saudi Arabia plastic recycling market attained a volume of nearly 1.79 million tonnes.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 3.06 million tonnes by 2032.
The major drivers of the industry, such as the increased demand for PET plastic in the manufacturing of plastic bottles and food containers, heightened use of recycled plastic in the packaging sector, increased government investments, and rising investments by key players in the research and development of recycling strategies, are expected to aid the market growth.
The key market trends guiding the industry's growth include the growing ecological awareness due to increased pollution levels.
The significant types include polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others.
The significant applications of the product include packaging, textile, automotive, construction, and others.
The major players in the industry are Saudi Top Plastic Factory (STP), Recycling Industries, Arabian Ladinah for Industrials Co., Ltd, Waste Collection & Recycling Co. Ltd (WACSO), Saudi Investment Recycling Company (SIRC), and others.
Analyst Review
The Saudi Arabia plastic recycling market attained a volume of around 1.79 million tonnes in 2023, driven by the heightened eco-consciousness. Aided by the growing government investments to support recycling activities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.2%. The market is projected to reach around 3.06 million tonnes by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. On the basis of application, the industry can be segmented into packaging, textile, automotive, construction, and others. The key players in the above market include Saudi Top Plastic Factory (STP), Recycling Industries, Arabian Ladinah for Industrials Co., Ltd, Waste Collection & Recycling Co. Ltd (WACSO), Saudi Investment Recycling Company (SIRC), and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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