Saudi Arabia Plastic Recycling Market Report 2022: Favourable Government Initiatives to Bolster Sector Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Saudi Arabia Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030” report has been added to ResearchAndMarkets.com’s offering.
Saudi Arabia plastic recycling market stood at 1.49 Million Tonnes in 2020 and is forecast to reach 2.67 Million Tonnes by 2030, growing at a healthy CAGR of 5.79% until 2030. Plastic recycling players in the country are accepting government regulations for municipal waste recycling of food waste, textile, plastics, glass, metals, and other elements to deliver new recycled low-cost products, which is expected to drive Saudi Arabia plastic recycling market.
In recent years, the government has taken various initiatives such as launching various plastic recycling centers in UAE, Saudi Arabia, Qatar, etc., which is a welcome development and big step towards sustainability. In 2018, SASO (Saudi Arabian Standards, Metrology, and Quality Organization) introduced new regulatory requirements for plastics in the country, according to which, plastic products must be made of approved oxo-biodegradable material. In 2019, the National Waste Management Centre, Riyadh Municipality, and Saudi Investment Recycling Company (SIRC) signed a memorandum of understanding (MoU), to start integrated waste management and waste recycling activities in Riyadh.
The goals include recycling 81 percent of the solid waste at 3.4 million tons per annum, recycling 47 percent of construction waste at around 5million tons per annum, and the removal and recycling of 20 million tons of construction and demolition waste lying in vacant plots and roadsides. Besides, the growing adoption of recycled plastics across various industry players to reduce energy consumption and lower their carbon footprint is expected to propel Saudi Arabia Plastic Recycling market during the forecast period.
Years Considered for Analysis:
- Historical Years: 2015 – 2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022 – 2030
Key Topics Covered:
1. Saudi Arabia Plastic Recycling Market Outlook, 2015-2030
1.1. Capacity By Company
1.2. Capacity By Location
1.5. Production By Company
1.6. Operating Efficiency By Company
1.7. Country-Wise Import
1.8. Country-Wise Export
1.9. Demand-Supply Gap
2. Saudi Arabia Plastic Recycling Demand Outlook, 2015-2030
2.1. By End Use
2.2. By Application
2.3. By Sales Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales)
2.4. By Region
2.5. By Company Share of Leading Players
3. News & Deals
For more information about this report visit https://www.researchandmarkets.com/r/rcz813
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