Saudi Arabia Plastic Recycling Market to be dominated by Rising demand for PET plastic through 2028
Rising demand
for recycled plastics by the end user industries is expected to drive
Saudi
Arabia Plastic Recycling Market in the forecast period, 2024-2028.
According to TechSci Research report, “Saudi
Arabia Plastic Recycling Market - By Region, Forecast and Opportunities, 2018-2028”, Saudi Arabia Plastic Recycling Market is anticipated
to grow at a significant rate in the forecast period, 2024-2028. The rising demand of
recycled plastic in packaging, automotive and textile industries, which, in
turn, augments the growth of the Saudi Arabia Plastic Recycling Market. There
are multiple advancements already being in use such as use of AI powered
machinery for waste segregation, assistive innovative packaging solution,
increasing urbanization and increasing population growth rates and others
increasing the market. The increasing government initiatives for the
sustainable development, collaborations and partnerships between key industry
players and others, is likely to fuel the market over the forecast period. PET
is molded to form plastic bottles and containers for food and beverages,
personal care products and other consumer products. PET packaging is highly
valued due to its high strength, non- reactive, economical, and shatterproof
properties. According to regulatory authorities, PET bottles either new or
re-used contains no harmful substance and are safe to use.
However, the incompetent infrastructure for
plastic waste collection and sorting, lack of awareness among masses, and limited
coverage of recycling companies may hamper the growth of the market in the forecast
period.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on “Saudi Arabia Plastic Recycling Market“
Saudi Arabia Plastic
Recycling Market is segmented into type, source, method, end-user, and company.
Based on type, the market is
divided into Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl
Chloride, Polystyrene and Others The segment Polyethylene
Terephthalate is expected to witness a rise over the forecast period.
This is attributed to the rising demand for PET in packaging industry for
various consumer products including food and beverages.
Based on source, the market
is divided into Bottles,
Films, Fibers, Foams and Others. The bottle segment is anticipated to grow at the fastest rate during the forecast
period. This is attributed to the safe usability of PET for manufacturing of
bottles.
Based on method, the market
is divided into Mechanical, Thermal, Chemical, and Landfill. The Thermal
segment is anticipated to grow at the fastest rate during the forecast period.
This is attributed to the most economical method. Landfilling is the
conventional method that is being widely used for plastic recycling.
Major companies operating
in Saudi Arabia Plastic Recycling Market 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).
Download Free Sample Report
Customers can also
request for 10% free customization on this report.
“Western region is expected
to witness a significant growth in the upcoming years, due to the presence of good
infrastructure for plastic recycling in the region. Also, this region receives
greatest number of tourist and hence demand for PET bottles and other packaging
material is highest, producing large amount of plastic waste requiring
recycling, thus, in turn, strengthening the growth of the market, which is expected
to grow through 2028” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
Saudi
Arabia Plastic Recycling Market, By Type (Polyethylene,
Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and
Others), By Source (Bottles, Films, Fibers, Foams and
Others), By Method (Mechanical, Thermal, Chemical,
and Landfill), By End-User (Packaging, Building & Construction,
Textile, Electrical & Electronics and Automotive and Others), By Region, Competition
Forecast & Opportunities, 2028F has evaluated the future growth
potential of Saudi Arabia Plastic Recycling Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Saudi Arabia Plastic Recycling Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com