Rising demand for recycled plastics by the end-user industries is expected to drive Saudi Arabia Plastic Recycling Market in the forecast period, 2024-2028. According to the TechSci Research report, “Saudi Arabia Plastic Recycling Market – By Region, Forecast, and Opportunities, 2018-2028”, Saudi Arabia Plastic Recycling Market is anticipated to grow at a significant rate in the forecast period, 2024-2028.
The Important Elements of Saudi Arabia Plastic Recycling Market
The rising demand for recycled plastic in packaging, automotive, and textile industries, which, in turn, augments the growth of the Saudi Arabia Plastic Recycling Market. There are multiple advancements already in use such as the use of AI-powered machinery for waste segregation, assistive innovative packaging solution, increasing urbanization and increasing population growth rates, and others increasing the market.
The increasing government initiatives for sustainable development, collaborations, and partnerships between key industry players and others, are likely to fuel the market over the forecast period. PET is molded to form plastic bottles and containers for food and beverages, personal care products, and other consumer products. PET packaging is highly valued due to its high strength, non-reactive, economical, and shatterproof properties. According to regulatory authorities, PET bottles either new or re-used contains no harmful substance and are safe to use.
However, the incompetent infrastructure for plastic waste collection and sorting, lack of awareness among the masses, and limited coverage of recycling companies may hamper the growth of the market in the forecast period.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “Saudi Arabia Plastic Recycling Market“ @ https://www.techsciresearch.com/report/saudi-arabia-plastic-recycling-market/14634.html
Saudi Arabia Plastic Recycling Market is segmented into type, source, method, end-user, and company.
Based on type, the market is divided into Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, and Others The segment Polyethylene Terephthalate is expected to witness a rise over the forecast period. This is attributed to the rising demand for PET in the packaging industry for various consumer products including food and beverages.
Based on source, the market is divided into Bottles, Films, Fibers, Foams, and Others. The bottling segment is anticipated to grow at the fastest rate during the forecast period. This is attributed to the safe usability of PET for the manufacturing of bottles.
Based on method, the market is divided into Mechanical, Thermal, Chemical, and Landfill. The Thermal segment is anticipated to grow at the fastest rate during the forecast period. This is attributed to the most economical method. Landfilling is the conventional method that is widely used for plastic recycling.
Major companies operating in Saudi Arabia Plastic Recycling Market are:
- Saudi Top Plastic Factory (STP)
- Recycling Industries.
- Arabian Ladinah for Industrials Co., Ltd
- Waste Collection & Recycling Co. Ltd (WACSO)
- Saudi Investment Recycling Company (SIRC).
Download Free Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=14634
Customers can also request 10% free customization on this report.
“Western region is expected to witness a significant growth in the upcoming years, due to the presence of good infrastructure for plastic recycling in the region. Also, this region receives the greatest number of tourists, and hence demand for PET bottles and another packaging material is the highest, producing a large amount of plastic waste requiring recycling, thus, in turn, strengthening the growth of the market, which is expected to grow through 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Saudi Arabia Plastic Recycling Market, By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, and Others), By Source (Bottles, Films, Fibers, Foams, and Others), By Method (Mechanical, Thermal, Chemical, and Landfill), By End-User (Packaging, Building & Construction, Textile, Electrical & Electronics and Automotive, and Others), By Region, Competition Forecast & Opportunities, 2028F has evaluated the future growth potential of Saudi Arabia Plastic Recycling Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Plastic Recycling Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com
