Middle East & Africa Recycled Pet Flakes Market Size & Outlook
Middle East & Africa recycled pet flakes market, 2018-2030 (US$M)
Related Markets
MEA recycled pet flakes market highlights
- The MEA recycled pet flakes market generated a revenue of USD 526.4 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, clear was the largest revenue generating product in 2023.
- Clear is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Gulf Cooperation Council is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 526.4 million |
| Market revenue in 2030 | USD 1,104.3 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Clear |
| Fastest growing segment | Clear |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clear, Colored |
| Key market players worldwide | Indorama Ventures PCL ADR, Biffa, Tomra Systems ASA, Verdeco Recycling, Polyquest, Veolia, Pashupati Cotspin, AlEn USA |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.2% of the global recycled pet flakes market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,911.9 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Recycled PET Flakes Market Scope
Recycled PET Flakes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa recycled pet flakes 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 recycled pet flakes market will help companies and investors design strategic landscapes.
Clear was the largest segment with a revenue share of 65.33% in 2023. Horizon Databook has segmented the Middle East & Africa recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is the world leader in crude oil production. Leading countries of the region, including Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran are major oil exporters in the world.
As such, the production costs of virgin plastics are lesser in the Middle East & Africa than the costs involved in manufacturing recycled plastics owing to the easy and abundant availability of crude oil in the region.
In addition, the Middle East & Africa exports plastic waste to other countries for recycling. However, as countries of Asia Pacific and Southeast Asia are banning plastic waste imports from other parts of the world, the Middle East & Africa is developing recycling facilities for PET flakes.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa recycled pet flakes market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA recycled pet flakes market size, by country, 2018-2030 (US$M)
Middle East & Africa Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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