Saudi Arabia Biodegradable Plastic Market Size & Outlook
Saudi Arabia biodegradable plastic market, 2018-2030 (US$M)
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Saudi Arabia biodegradable plastic market highlights
- The Saudi Arabia biodegradable plastic market generated a revenue of USD 36.7 million in 2023 and is expected to reach USD 113.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 17.4% from 2024 to 2030.
- In terms of segment, starch based was the largest revenue generating product in 2023.
- Starch Based is the most lucrative product segment registering the fastest growth during the forecast period.
Biodegradable plastic market data book summary
| Market revenue in 2023 | USD 36.7 million |
| Market revenue in 2030 | USD 113.1 million |
| Growth rate | 17.4% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Based, PLA, PBS, PBAT, PHA, Polycaprolactone |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global biodegradable plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 130.8 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia biodegradable plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable plastic market will help companies and investors design strategic landscapes.
Starch based was the largest segment with a revenue share of 38.96% in 2023. Horizon Databook has segmented the Saudi Arabia biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in the demand for adaptable packaging and horticulture across the country is driving the demand for biodegradable plastics. Starch blends contribute to lower carbon emissions while assisting organizations in reducing their carbon impact.
Furthermore, starch-based plastic is biodegradable and has minimal disadvantages. Moreover, the rise in R&D activities for the production of sustainable plastics is expected to boost the production of biodegradable plastic products.
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Target buyers of Saudi Arabia biodegradable plastic market databook
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Our clientele includes a mix of biodegradable plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biodegradable plastic market size, by product, 2018-2030 (US$M)
Saudi Arabia Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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