Saudi Arabia Plastic Recycling Market 2015-2030Posted by arshiyashaikh on November 11th, 2021 Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030” under Chemical Market Research Report category. The Saudi Arabia Plastic Recycling is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports. Saudi Arabia Plastic Recycling Market stood at 1.49 Million Tonnes in 2020 and is forecast to reach 2.67 Million Tonnes by 2030, growing at a healthy CAGR of 5.79% until 2030. Plastic recycling players in the country are accepting government regulations for municipal waste recycling of food waste, textile, plastics, glass, metals, and other elements to deliver new recycled low-cost products, which is expected to drive Saudi Arabia plastic recycling market. In recent years, the government has taken various initiatives such as launching various plastic recycling centers in UAE, Saudi Arabia, Qatar, etc., which is a welcome development and big step towards sustainability. In 2018, SASO (Saudi Arabian Standards, Metrology, and Quality Organization) introduced new regulatory requirements for plastics in the country, according to which, plastic products must be made of approved oxo-biodegradable material. In 2019, the National Waste Management Centre, Riyadh Municipality, and Saudi Investment Recycling Company (SIRC) signed a memorandum of understanding (MoU), to start integrated waste management and waste recycling activities in Riyadh. The goals include recycling 81 percent of the solid waste at 3.4 million tons per annum, recycling 47 percent of construction waste at around 5million tons per annum, and the removal and recycling of 20 million tons of construction and demolition waste lying in vacant plots and roadsides. Besides, the growing adoption of recycled plastics across various industry players to reduce energy consumption and lower their carbon footprint is expected to propel Saudi Arabia Plastic Recycling market during the forecast period. The COVID-19 outbreak resulted in the growing need for plastic in various industries such as food & beverage, pharmaceuticals, healthcare, etc., but its inappropriate disposal negatively impacted the plastic recycling market in the country. However, the rising adoption of recycled plastic in industries and stringent measures by the government to curb plastic pollution is likely to stimulate Saudi Arabia Plastic Recycling market growth during the forecast period. Under this subscription, you would be able to access Saudi Arabia Plastic Recycling market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Plastic Recycling. Years Considered for Analysis: This report will be delivered on an online digital platform with a one-year subscription and quarterly update. Deliverables To extract data for Saudi Arabia Plastic Recycling market, the ChemAnalyst team conducts primary research surveys with Plastic Recycling manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys. Browse our full report with Table of Contents: https://marketreportsonsaudiarabia.com/report/411221/saudi-arabia-plastic-recycling-market-analysis-plant-capacity-production-operating-efficiency-demand-supply-end-user-industries-distribution-channel-regional-demand About Us Contact us at: Like it? Share it!More by this author |