Middle East & Africa Recycled Plastics Market Size & Outlook
Middle East & Africa recycled plastics market, 2018-2030 (US$M)
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MEA recycled plastics market highlights
- The MEA recycled plastics market generated a revenue of USD 1,601.5 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, polyethylene was the largest revenue generating product in 2023.
- Polypropylene is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,601.5 million |
| Market revenue in 2030 | USD 2,584.1 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene |
| Key market players worldwide | Rethmann AG & Co. KG, Biffa, Stericycle Inc, Republic Services Inc, Waste Management Inc, Veolia Environnement SA, Shell PLC, Waste Connections Inc, Clean Harbors Inc, Covestro AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global recycled plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 48,006.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa recycled plastics 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 plastics market will help companies and investors design strategic landscapes.
Polyethylene was the largest segment with a revenue share of 33.79% in 2023. Horizon Databook has segmented the Middle East & Africa recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is the world leader in crude oil production. Many major countries of the MEA region are dependent on the oil business, such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran. All the OPEC countries, excluding Venezuela and Ecuador, are located in the MEA region.
The cost associated with producing virgin plastic is less as compared to producing recycled plastic in the region owing to the abundance of crude oil availability. The region was dependent on exporting its plastic waste to other countries for recycling, but as the Asia Pacific and Southeast Asia countries are banning the plastic waste imports, the region is developing recycling facilities.
According to an article published by Recycle Today, plastic waste constitutes 12% to 16% of the total solid waste in the Middle East & Africa region. Moreover, in March 2019, the Coca-Cola Company, Unilver, Nestlé, and Diageo launched the African Plastics Recycling Alliance in order to create awareness and facilitate the recycling in the Africa region through public-private partnership and industry collaborations.
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Target buyers of Middle East & Africa recycled plastics market databook
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Our clientele includes a mix of recycled plastics 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 continent-level data and insights on the Middle East & Africa recycled plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA recycled plastics market size, by country, 2018-2030 (US$M)
Middle East & Africa Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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