The Saudi Arabia r-PET flakes market size is expected to grow at a CAGR of 11.50% between 2023 and 2028, driven by the easy availability of raw materials and improved supply chains.
r-PET flakes are a form of recycled PET (polyethylene terephthalate) that are obtained from the recycling process of PET plastics. The r-PET flakes are strong, tough, durable, and lightweight components which can be used as raw material to manufacture other products such as straps, textiles, sheets, and packaging for foods. This material is obtained by collecting and recycling empty PET packaging materials, which are then shaped into the form of flakes.
Based on type, the market is segmented into clear, and green, among others. On the basis of application, the market is classified into food packaging, sheets, straps, and textiles, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Saudi Arabia r-PET flakes market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The clear segment, based on type, accounts for a healthy share of the Saudi Arabia r-PET flakes market. Clarity of r-PET flakes is directly proportional to the value as well as cost, which is a notable revenue generating factor. The wide scale production of clear type of r-PET flakes is further adding to the segment’s growth. Meanwhile, the green type of r-PET flakes, on the other hand, are anticipated to witness expanded opportunities in the forecast period, owing to the rising prices of clear r-PET flakes. Green r-PET flakes are cost effective, which are heightening their application in the packaging sector.
Based on application, food packaging accounts for a significant share in the Saudi Arabia r-PET flakes market. r-PET flakes are widely used in the food packaging sector; the demand for which is further getting escalated due to the rising demand for clean-labelled food and beverage products. In addition, r-PET flakes offer critical packaging advantages such as low weight, flexibility, strength, high chemical and thermal resistance, and transparency, among others, which augment the overall quality of food packaging. Moreover, the high breakage resistance offered by r-PET flakes is likely to bolster their demand in the packaging of food products for transportation across long distances.
Saudi Top Plastic Factory (STP) is a specialised company which provides expertise in the field of plastic and rubber recycling by utilising plastic waste. The product portfolio of this company includes high quality polymers such as PE, PP, PET, and POM, among others. The company was founded in 2006 and is headquartered in Riyadh, Saudi Arabia.
Arabian Ladinah for industrials Co. Ltd is a leading recycling company which recycles granules, pellets, and flakes, among others. The company also recycles various other plastic products such as ABS, GPPS, and LLDPE, etc. Arabian Ladinah for industrials is headquartered in Jeddah, Saudi Arabia and was established in 1997. The parent company of Arabian Ladinah for industrials Co. Ltd is Mazin M. Bahareth Org.
Waste Collection & Recycling Co. Ltd (WASCO) is a subsidiary of Middle East Paper Company and is one of the largest paper recyclers in the world. The company has a well-established recycling infrastructure, which includes recycling facilities for plastics and metals. The company is headquartered in Jeddah, Saudi Arabia and was established in 2004.
Other market players include Recycling Industries, and Saudi Investment Recycling Company (SIRC), among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Application||
*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.
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
5.2 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 r-PET Flakes Market Overview
8.1 Key Industry Highlights
8.2 GCC r-PET Flakes Historical Market (2018-2022)
8.3 GCC r-PET Flakes Market Forecast (2023-2028)
9 Saudi Arabia r-PET Flakes Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia r-PET Flakes Historical Market (2018-2022)
9.3 Saudi Arabia r-PET Flakes Market Forecast (2023-2028)
10 Saudi Arabia r-PET Flakes Market by Type
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
11 Saudi Arabia r-PET Flakes Market by Application
11.1 Food Packaging
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
12 Value Chain Analysis
13 Techno-Commercial Evaluation of Project Cost Analysis for PET Flakes Production
13.1 Process Evaluation – (Sorting and Prewashing, Grind and Flake, Float/Sink Separation, Flakes Colour Sorting, Hot Wash)
13.2 Plant Machinery
13.3 Cost Structure (Bottle to Flakes)
13.4 Fixed and Variable Cost
14 Sourcing of Raw Materials (Mixed Waste)
14.1 Within Saudi Arabia
14.3 Rest of World
15 Market Dynamics
15.1 SWOT Analysis
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Saudi Top Plastic Factory (STP)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
17.2.2 Recycling Industries
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
17.2.3 Arabian Ladinah for industrials Co. Ltd
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
17.2.4 Waste Collection & Recycling Co. Ltd (WASCO)
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
17.2.5 Saudi Investment Recycling Company (SIRC)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Saudi Arabia r-PET Flakes Market: Key Industry Highlights, 2018 and 2028
2. Saudi Arabia r-PET Flakes Historical Market: Breakup by Type (USD Million), 2018-2022
3. Saudi Arabia r-PET Flakes Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Saudi Arabia r-PET Flakes Historical Market: Breakup by Application (USD Million), 2018-2022
5. Saudi Arabia r-PET Flakes Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Saudi Arabia r-PET Flakes Market Structure
The market is estimated to grow at a CAGR of 11.50% between 2023 and 2028.
The easy availability of raw materials, strong supply chain, increasing packaging demands from various end use sectors, and different advantages offered by r-PET flakes, are the major drivers of the market.
The key trends in the market include the thriving e-commerce sector, rapid transition towards eco-friendly packaging products, and favourable policies of the government aimed towards curbing carbon footprints.
Clear, and green, among others, are the different types in the market.
Food packaging, sheets, straps, and textiles, among others, are the major applications of the market.
r-PET flake is a successful packaging material which is used for packaging various products including pharmaceuticals, cosmetics, and food and beverage products, among others.
r-PET is a polymer that is made from recycled PET, comprising of monomers of modified ethylene glycol and purified terephthalic acid.
r-PET flake is a food-safe raw material that is produced from empty PET containers and packaging.
No, r-PET flake is non-biodegradable.
Saudi Top Plastic Factory (STP), Recycling Industries, Arabian Ladinah for industrials Co. Ltd, Waste Collection & Recycling Co. Ltd (WASCO), and Saudi Investment Recycling Company (SIRC), among others, are the key Saudi Arabia r-PET flakes market players, according to the report.
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