According to the GMI Research forecast, the Saudi Arabia Plastic Recycling market amounted to be USD XX Million in 2019 and is expected to touch USD XX Million by the end of 2027, while increasing at a CAGR of 2.6% during the forecast period.

Introduction of the Saudi Arabia Plastic Recycling Market Report

Plastic recycling refers to the process of recovering waste plastic or scrap and reprocessing the material into a new useful Material Type. As compared to the lucrative recycling of metal, the plastic polymers are often more challenging as it has a low density and low value. Every year, more than 420 million tons of plastics are manufactured globally. There are basically two stages of the recycling process, including sorting, which is mostly done automatically with a manual sort to make sure all contaminants are removed, and then plastic material is shredded into flakes.

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Market Dynamic

Key Drivers and Emerging Trends

Saudi Arabia Plastic Recycling market is projected to have strong demand during the forecast period mainly due to the increasing number of government initiatives to support the recycling of plastics in the country. Additionally, the increasing usage of plastics in various industries such as food & beverages, textile, packaging, and other sectors is further driving market growth. The increasing emphasis on infrastructural development, including the construction of smart cities and expansion in the food & beverage sector, are some other factors that are driving a new consumer base towards the market. Several companies are introducing innovative packaging solutions to cater to this market. For example, SABIC, a chemical manufacturing company, launched a new sustainable packaging solution that comprises polyethylene grade & advanced film Material Typeion technology for frozen food packaging applications.

The government of Saudi Arabia is focusing on increasing plastic recycling activities in the country. The Board of Directors of the Saudi Standards, Metrology and Quality Organization (SASO) approved the formation of a working group with the representatives of the Ministry of Environment, Water, Agriculture. This community is emphasizing on increasing the recycling activities in Saudi Arabia in accordance with modern technologies, best international practices, and mechanisms. Furthermore, the rising level of pollution caused due to the dumping of used plastics in water bodies and the shortage in the landfill areas are further fuelling the market growth. The continuous technological advancement in plastic recycling technologies is further opening new doors for the growth of the market. In 2020, SABIC introduced a sustainable packaging solution by using mono web TF-BOPE film for frozen food applications. This 100% recyclable film is made with the help of Ticinoplast and Plastchim-T film suppliers and the packaging machine manufacturer Syntegon Technology. This film provides numerous benefits such as high yield, better printability, cost-saving opportunities, and reduced consumption of plastic materials. 

Restraint in the Saudi Arabia Plastic Recycling Market

On the other hand, the lack of proper infrastructure and awareness related to the recycling of plastics are certain factors that are hampering the growth of the market. The lack of presence of adequate infrastructure for the collection of waste, sorting, and recycling of plastics in the country is further hindering the market growth.

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Material Type – Segment Analysis

Based on the Material Type, the Polyethylene Terephthalate (PET) segment is projected to dominate the market during the forecast period. The increasing utilization of PET in various industries such as construction, packaging, and textile industries due to their lower cost is one of the biggest factors that is contributing to the growth of the segment in the market. The PET provides numerous exceptional benefits such as high stiffness & strength, lightweight, easy & effective transportation, excellent electrical insulating properties, and safe for contact with food & beverages as approved by FDA, which is further attracting customers towards the market. Moreover, various institutions and the government is emphasizing on developing various innovative recycling technologies. For instance, in 2019, a team of researchers from King Abdullah University of Science and Technology (KAUST), Saudi Arabia, converted the recycled polyethylene terephthalate (PET) into porous membranes for purification & filtration applications within the chemical industry to separate the liquids from the molecules.

Application – Segment Analysis

On the basis of the application, the packaging segment is dominating the market during the forecast period. The accelerating adoption of recycled plastics, especially for the packaging of food & beverages, followed by the strong demand in the diversified business industries are the two significant factors that are boosting the growth of the segment. In addition to this, the increasing demand for packaging during to the emergence of the COVID-19 pandemic is driven by the significant shift in the consumer’s preference towards the use of plastic-wrapped food that meets the specific hygiene conditions. Various players in Saudi Arabia are emphasizing on developing innovative packaging solutions to cater to the changing demand of the end-users. For instance, Aptar developed the first certified recycled plastic beauty packaging, which is certified by the International Sustainability and Carbon Certification (ISCC) and is utilized for the relaunch of EVERCALM global protection day cream and REN clean moisturizer. The revolutionary type of recycled plastic resin is supplied by SABIC. By this partnership, the company was held responsible for converting the low-grade, post-consumer plastic waste and is approved and audited by the ISCC.

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Key Developments:

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

Segments covered in the Report:

The Saudi Arabia Plastic Recycling market has been segmented on the basis of Material Type, Application. Based on Material Type, the market is segmented into Polyethylene Terephthalate, Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Polystyrene, Polyvinyl Chloride, ABS, Nylon, Polycarbonate, and Others. Based on Application, the market is segmented into packaging, building & construction, textile, automotive, consumer goods, oil & gas, renewable, and others. 

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Plastic Recycling market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Plastic Recycling market? What will be the impact of drivers and restraints in the future?
  • Which application generated maximum revenues in 2019 and identify the most promising application during the forecast period?
  • What are the various material types of Saudi Arabia Plastic Recycling market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material Type, By Application
Regional Coverage	Saudi Arabia
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Saudi Arabia Plastic Recycling Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Plastic Recycling Market 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

Saudi Arabia Plastic Recycling Market by Application

• • Packaging
  • Building & Construction
  • Textile
  • Automotive
  • Consumer Goods
  • Oil & Gas
  • Renewable
  • Others