Plastic Recycling is the process of recovering a scrap of plastics and then reprocessing the material of plastic. Plastic Recycling includes a procedure that will reduce the amount of waste disposed at an incinerated and landfill segment. Plastic is a diverse set of the material having different physical and chemical properties. Plastic pollution has become a significant concern as it is negatively impacting wildlife, wildlife habitat, and humans. Plastic Recycling lowers the chances of the greenhouse emissions released from the landfills. Plastic Recycling incorporates the Recycling of metals and cardboards, which covers 10-15% of total waste carried by the units of the unorganized sector.

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Growing numerous recycling programs and reduction in plastic wastes in developed and developing countries is driving the Saudi Arabia plastic recycling market. In addition, rapid industrialization, high population growth rate, and fast urbanization will raise the demand for Saudi Arabia plastic recycling in the market. Moreover, rising disposable income and inclination towards globalization in the association of the import of different commodities will further boost the Saudi Arabia plastic recycling market. Even the recycling companies are accepting government regulations for municipal waste recycling, which will be delivering new recycled products with different ranges that will further boost the Saudi Arabia plastic recycling market. For instance, the Saudi Arabian government allotted SAR 54 billion in the national budget of 2017 for the municipal services sector. Moreover, the Saudi Arabian municipal waste includes food waste, textile, plastics, glass, metals, and many other elements that are increasingly depending upon the inclination of the urbanization as well as population density, which will bolster the demand of the Saudi Arabia plastic recycling market. However, the lack of disposable landfills and incinerated waste will hamper the Saudi Arabia plastic recycling market.

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Based on the Material, Polyethylene terephthalate (PET) is expected to grow at a substantial rate as it is readily available in varied sets of products in all allied industries, easy shredding of the PET element either by the mechanical or chemical decomposition, high mechanical strength with malleable resistance properties and less combustion of the fossil fuels in terms of the energy recovery. Furthermore, High-density polyethylene (HDPE) and Low-density polyethylene (LDPE) plastics are resistant to water and hazardous chemicals but can be grate by the mechanical pressing, which will propel the demand of the Saudi Arabia plastic recycling market.

Based on the Application, Packaging has predicted the highest market share in the Saudi Arabia plastic recycling market due to the easy breakdown of complex polymers into monomers, which lowers the contingency of energy combustion. Also, rising adoption in the varied business industries for multi-sizing packaging which will be projected to bolster the Saudi Arabia plastic recycling market.

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Various notable players operating in the market include Arabian Ladina for Industries Co Ltd., Green Kingdom Industries, The Best Elegant Trading Est., Rowad International Geosynthetics Co. Ltd., Prolab Systems W.L.L., Recycling Industries, Nesma Recycling Co. Ltd., Napco National among others.

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Key Developments
• In December 2016, Napco National and INDEVCO has collaborated for a launch of the brand named as MicroMB. MicroMB comprised of recycled resins and additives to increase productivity, product quality, and reducing recycling time.

The Saudi Arabia Plastic Recycling Market has been segmented based on material and application for the forecast period from 2019 to 2026. Based on material, the market is segmented Polyethylene terephthalate (PET), Polypropylene (PP), High-density polyethylene (HDPE), Low-density polyethylene (LDPE), Polystyrene (PS), Polyvinyl chloride (PVC), ABS, Nylon, Polycarbonate and Others. On the basis of application, the market is categorized into Packaging, Automotive, Construction, Textile, Industrial, Consumer goods and Others.

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 the current market? What will be the impact of drivers and restraints in the future?
• What are the various application areas and how they are poised to grow?

Market Segmentation

By Material

• Polyethylene terephthalate (PET)
• Polypropylene (PP)
• High-density polyethylene (HDPE)
• Low-density polyethylene (LDPE)
• Polystyrene (PS)
• Polyvinyl chloride (PVC)
• ABS
• Nylon
• Polycarbonate
• Others

By Application

• Packaging
• Automotive
• Construction
• Textile
• Industrial
• Consumer goods
• Others

Leading market players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• Arabian Ladina for Industries Co Ltd.
• Green Kingdom Industries
• The Best Elegant Trading Est.
• Rowad International Geosynthetics Co. Ltd.
• Prolab Systems W.L.L.
• Recycling Industries
• Nesma Recycling Co. Ltd.
• Napco National