Base Year
Historical Year
Forecast Year
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.
| Saudi Arabia Plastic Recycling Market Report Summary | Description | Value |
| Base Year | Million Tonnes | 2023 |
| Historical Period | Million Tonnes | 2018-2023 |
| Forecast Period | Million Tonnes | 2024-2032 |
| Market Size 2023 | Million Tonnes | 1.79 |
| Market Size 2032 | Million Tonnes | 3.06 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.2% |
| CAGR 2024-2032 - Market by Type | Polyethylene (PE) | 6.9% |
| CAGR 2024-2032 - Market by Application | Packaging | 7.1% |
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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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.
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:
The polyethylene (PE) segment can be divided based on type into HDPE and LDPE.
| CAGR 2024-2032 - Market by | Type |
| Polyethylene (PE) | 6.9% |
| Polypropylene (PP) | XX% |
| Polyethylene Terephthalate (PET) | XX% |
| Others | XX% |
Based on application, the industry can be categorised into:
| CAGR 2024-2032 - Market by | Application |
| Packaging | 7.1% |
| Textile | 6.6% |
| Automotive | XX% |
| Construction | XX% |
| Others | XX% |
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.
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:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| 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. |
Saudi Arabia Plastic Recycling Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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