Middle East and Africa Recycled Plastic Market Forecast to 2028

Report Code : BMIRE00025550 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 10/Aug/2022
Middle East and Africa Recycled Plastic Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Polyethylene Terephthalate, Polyethylene, Polypropylene, Polystyrene, and Others), Source (Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, and Others), and Application (Packaging, Textile, Automotive, Building and Construction, Electrical and Electronics, and Others)

The Middle East & Africa recycled plastic market is expected to grow from US$ 3,810.47 million in 2021 to US$ 6,276.50 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.

Technological advancements in plastic recycling are supporting the demand for recycled plastics. Recycling plastic is one solution that is considered more sustainable over the long term. There has been a rise in research and development activities to improve plastic recycling in the past few years. Scientists are also focusing on the development of plastic-ingesting bacteria. A crucial step of recycling plastic is breaking it down into smaller particles; the goal is to reduce plastics to their constituents' compounds, thereby making them less harmless and more useful for repeat applications. The polymer compounds of plastics are very stable, which is why plastics are widely used. The bacteria "Ideonella sakaiensis " can break plastics into ethylene glycol and dimethyterephtalate (DMT). The plastic broken using this method is used in many applications such as constructing roads and other structures. Another technological innovation in plastic recycling is the use of the artificial intelligence (AI) sorting method. AI is used to separate plastics from metal caps and is the perfect solution for garbage recycling due to garbage's highly irregular and unpredictable nature. A sensor may be able to identify a material's composition and separate them. AI is becoming a key ally for the development of the plastic recycling sector. Artificial intelligence allows for more efficient management of recycling plants and the implementation of image recognition systems to select and classify waste. With the increase in plastic recycling industries, artificial intelligence will enable more efficient management of recycling and waste sorting plants.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.

Middle East & Africa Recycled Plastic Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Recycled Plastic Market Segmentation

The Middle East & Africa recycled plastic market is segmented into type, source, application, and country. Based on type, the market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the Middle East & Africa recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is segmented into packaging, textile, automotive, building and construction, electrical and electronics, and others. In terms of country, the Middle East & Africa recycled plastic market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa.

Middle East & Africa Recycled Plastic Market – Companies Mentioned

Remondis SE & Co. Kg, Veolia, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the Middle East & Africa recycled plastic market.

The List of Companies - Middle East and Africa Recycled Plastic Market

● Remondis SE & Co. Kg

● Veolia

● Alpek S.A.B. de C.V.

● Plastipak Holdings Inc.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 Middle East and Africa Recycled Plastic Market, by Type

1.2.2 Middle East and Africa Recycled Plastic Market, by Source

1.2.3 Middle East and Africa Recycled Plastic Market, by Application

1.2.4 Middle East and Africa Recycled Plastic Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.1.1 Middle East and Africa Recycled Plastic Market, by Process, Grade, and Application

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Middle East and Africa Recycled Plastic Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants:

4.2.2 Bargaining Power of Suppliers:

4.2.3 Bargaining Power of Buyers:

4.2.4 Competitive Rivalry:

4.2.5 Threat of Substitutes:

4.3 Ecosystem Analysis

4.3.1 Overview:

4.3.2 Raw Material Suppliers:

4.3.3 Manufacturers

4.3.4 Distributors

4.3.5 End-User

4.4 Expert Opinion

5. Middle East and Africa Recycled Plastic Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Adoption of Recycled Plastics in Packaging, Automotive, and Electrical & Electronic Industries

5.1.2 Rising Expansion of Construction Industry

5.2 Market Restraints

5.2.1 Inadequate Supply of Recycled Plastics Leads to Preference for Virgin Plastic

5.3 Market Opportunities

5.3.1 Rising Stringent Government Regulations to Upsurge the Recycling Rate of Plastics

5.4 Future Trends

5.4.1 Rising Innovation in Plastic Recycling

5.5 Impact Analysis of Drivers and Restraints

6. Middle East and Africa Recycled Plastic –Country Market Analysis

6.1 Middle East and Africa Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Mn)

6.2 Middle East and Africa Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

7. Middle East and Africa Recycled Plastics Market Analysis – By Type

7.1 Overview

7.1.1 Middle East and Africa: Middle East and Africa Recycled Plastics Market, by Type

7.2 Polyethylene Terephthalate

7.2.1 Overview

7.2.2 Polyethylene Terephthalate: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.2.3 Polyethylene Terephthalate: Middle East and Africa Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.3 Polyethylene

7.3.1 Overview

7.3.2 Polyethylene: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.3 Polyethylene: Middle East and Africa Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.4 Polypropylene

7.4.1 Overview

7.4.2 Polypropylene: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.4.3 Polypropylene: Middle East and Africa Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.5 Polystyrene

7.5.1 Overview

7.5.2 Polystyrene: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.5.3 Polystyrene: Middle East and Africa Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.6 Others

7.6.1 Overview

7.6.2 Others: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.6.3 Others: Middle East and Africa Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

8. Middle East and Africa Recycled Plastics Market Analysis – By Source

8.1 Overview

8.1.1 Middle East and Africa: Middle East and Africa Recycled Plastics Market, by Source

8.2 Plastic Bottles

8.2.1 Overview

8.2.2 Plastic Bottles: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.3 Plastic Films

8.3.1 Overview

8.3.2 Plastic Films: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Plastic Foams

8.4.1 Overview

8.4.2 Plastic Foams: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Plastic Fibers

8.5.1 Overview

8.5.2 Plastic Fibers: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9. Middle East and Africa Recycled Plastics Market Analysis – By Application

9.1 Overview

9.1.1 Middle East and Africa: Middle East and Africa Recycled Plastics Market, by Application

9.2 Packaging

9.2.1 Overview

9.2.2 Packaging: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.3 Textile

9.3.1 Overview

9.3.2 Textile: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.4 Automotive

9.4.1 Overview

9.4.2 Automotive: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.5 Building and Construction

9.5.1 Overview

9.5.2 Building and Construction: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.6 Electrical and Electronics

9.6.1 Overview

9.6.2 Electrical and Electronics: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.7 Others

9.7.1 Overview

9.7.2 Others: Middle East and Africa Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

10. Middle East and Africa Recycled Plastic Market – Country Analysis

10.1 Middle East and Africa: Middle East and Africa Recycled Plastics Market

10.1.1 Middle East and Africa: Middle East and Africa Recycled Plastics Market – Analysis and Forecast to 2028 (US$ Million)

10.1.1.1 South Africa: Middle East and Africa Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.1.1 South Africa: Middle East and Africa Recycled Plastics Market, by Type

10.1.1.1.2 South Africa: Middle East and Africa Recycled Plastics Market, by Source

10.1.1.1.3 South Africa: Middle East and Africa Recycled Plastics Market, by Application

10.1.1.2 Saudi Arabia: Middle East and Africa Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.2.1 Saudi Arabia: Middle East and Africa Recycled Plastics Market, by Type

10.1.1.2.2 Saudi Arabia: Middle East and Africa Recycled Plastics Market, by Source

10.1.1.2.3 Saudi Arabia: Middle East and Africa Recycled Plastics Market, by Application

10.1.1.3 UAE: Middle East and Africa Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.3.1 UAE: Middle East and Africa Recycled Plastics Market, by Type

10.1.1.3.2 UAE: Middle East and Africa Recycled Plastics Market, by Source

10.1.1.3.3 UAE: Middle East and Africa Recycled Plastics Market, by Application

10.1.1.4 Rest of the Middle East and Africa: Middle East and Africa Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.4.1 Rest of the Middle East and Africa: Middle East and Africa Recycled Plastics Market, by Type

10.1.1.4.2 Rest of the Middle East and Africa: Middle East and Africa Recycled Plastics Market, by Source

10.1.1.4.3 Rest of the Middle East and Africa: Middle East and Africa Recycled Plastics Market, by Application

11. Industry Landscape

11.1 Overview

11.1.1 Market Initiative

11.2 New Product Development

11.3 Merger and Acquisition

12. Company Profiles

12.1 Remondis SE & Co. Kg

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Veolia

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Alpek S.A.B. de C.V

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Plastipak Holdings Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Financial Overview

12.4.4 SWOT Analysis

12.4.5 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

Table 1.             Middle East and Africa Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2.             Middle East and Africa Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

Table 3.             Middle East and Africa Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Middle East and Africa Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 5.             Middle East and Africa Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 6.             Middle East and Africa Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 7.             South Africa Middle East and Africa Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             South Africa Middle East and Africa Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 9.             South Africa Middle East and Africa Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 10.          South Africa Middle East and Africa Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Saudi Arabia Middle East and Africa Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Saudi Arabia Middle East and Africa Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 13.          Saudi Arabia Middle East and Africa Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 14.          Saudi Arabia Middle East and Africa Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 15.          UAE Middle East and Africa Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          UAE Middle East and Africa Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 17.          UAE Middle East and Africa Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 18.          UAE Middle East and Africa Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of the Middle East and Africa Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of the Middle East and Africa Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 21.          Rest of the Middle East and Africa Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 22.          Rest of the Middle East and Africa Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 23.          Glossary of Terms, Middle East and Africa Recycled Plastic Market

The List of Companies - Middle East and Africa Recycled Plastic Market

● Remondis SE & Co. Kg

● Veolia

● Alpek S.A.B. de C.V.

● Plastipak Holdings Inc.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East and Africa Recycled Plastics Market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in Middle East and Africa Recycled Plastics Market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth Middle East and Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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