Saudi Arabia Recycled Plastics Market Size & Outlook
Saudi Arabia recycled plastics market, 2018-2030 (US$M)
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Saudi Arabia recycled plastics market highlights
- The Saudi Arabia recycled plastics market generated a revenue of USD 627.0 million in 2023 and is expected to reach USD 1,027.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.3% 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.
Recycled plastics market data book summary
| Market revenue in 2023 | USD 627.0 million |
| Market revenue in 2030 | USD 1,027.7 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.3% of the global recycled plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,027.7 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 33.57% in 2023. Horizon Databook has segmented the Saudi Arabia 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 flourishing building & construction industry in the country is expected to drive the demand for recycled plastics in the country. The country is engaged in mega construction projects such as Qiddiya city of entertainment with an investment of USD 8 billion, Makkah development investment of USD 4.4 billion, and Al Widyan investment of USD 2.7 billion among others. These construction projects are primarily focused on developing new cities with green infrastructure practices.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia recycled plastics market size, by product, 2018-2030 (US$M)
Saudi Arabia Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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