The Saudi Arabia Plastic Recycling Market is expected to grow at a faster CAGR of 2.6% over the forecast period (2020-2027).

The factors driving growth of the Saudi Arabia Plastic Recycling Market includes growing demand for Polyethylene Terephthalate (PET) to manufacture plastic bottles and food containers, increasing number of smart cities, Government initiatives to boost plastic recycling activities and improvements in the living standards. For instance, the Government of Saudi Arabia is planning to invest around USD 6.4 billion in waste recycling by 2035, in an attempt to move towards sustainable waste management system and have already recycled its total waste such as plastic, metal and paper from the beginning of 2020 until the first half of 2021, which will accelerate the Saudi Arabia Plastic Recycling Market size in the approaching years. Moreover, adoption of advanced technologies by manufacturers, growing pollution levels owing to dumping of used plastics, rise in the construction of hospitals, colleges and schools, increase in the launch of new products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaboration between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Saudi Arabia Plastic Recycling Market is hindered due to inadequate infrastructure for collecting and sorting waste.

Based on Material Type, the Polyethylene Terephthalate (PET) segment is predicted to capture the largest market share during the forecast period

Government initiatives promoting the adoption of innovative recycling technologies and increasing application of polyethylene terephthalate in the food and beverage industry, are some of the factors pushing the segment’s growth. In addition, polyethylene terephthalate offers remarkable benefits such as high stiffness and enhanced strength, easy transportation, magnificent insulating properties and is cost-effective, which is expected to generate tremendous opportunities in the Plastic Recycling Market in Saudi Arabia.

Based on Application, the Packaging segment is projected to hold the highest market share over the forecast period

As per the Saudi Arabia Plastic Recycling Market Analysis, growing demand for recycled plastics in the food and beverage industry, rising focus of companies on developing innovative packaging solutions, rapid urbanization and increasing population growth rates, are some of the important factors augmenting the segment’s growth. For example, Aptar developed certified recycled plastic beauty packaging solution, certified by the International Sustainability and Carbon Certification (ISCC), which will boost the segment’s growth.

Key Development

• In 2019, Napco National, during the 14th Gulf Petrochemicals and Chemicals Association (GPCA) Forum announced the formation of strategic alliance with the petrochemical producers to highlight the importance of reducing the negative impact on the environment of plastic waste in the petrochemical industry.

Market Segmentation

Segmentation by Material Type

• Polyethylene Terephthalate (PET)

• Polypropylene (PP)

• High-Density Polyethylene (HDPE)

• Low-Density Polyethylene (LDPE)

• Polystyrene (PS)

• Polyvinyl Chloride (PVC)

• ABS

• Nylon

• Polycarbonate

• Others

Segmentation by Application

• Packaging

• Building & Construction

• Textile

• Automotive

• Consumer Goods

• Oil & Gas

• Renewable

• Others

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