[Online Quarterly Update] MEA Plastic Recycling market stood at 9.95 Million Tonnes in 2020 and is forecast to reach 15.36 Million Tonnes by 2030, growing at a healthy CAGR of 3.97% until 2030. The rising demand for plastics in various end-user industries due to its packaging application is anticipated to increase the demand of the plastic recycling market. Since recycled plastic can save a lot of cost to the company by saving energy needs, many industries are investing in adopting used plastic for packaging, which is significantly contributing to the growth of MEA Packaging industry during the forecast period. Besides, the rising adoption of recycled plastic for construction activities due to its property of enhancing the strength of the concrete material is expected to increase the demand of the plastic recycling market. Also, the increasing need for cost reduction and energy savings in the automotive and electrical & electronics sector due to environmental concerns is anticipated to increase the demand of plastic recycling market.
The COVID-19 pandemic led to an exponential demand for plastics due to their extensive use in the packaging and manufacturing of essential items such as masks, PPE kits, ready-to-eat food items, etc. To reduce environmental concerns related to plastics, governments are taking initiatives to recycle plastic, which is likely to contribute to the positive growth of the Middle East and Africa (MEA) Plastic Recycling market.
Major players for Plastic Recycling globally include Agilyx Corporation, BASF SE, Braskem, British Petroleum, B&B Plastics, Licella Holdings, OMV Reoil, Polycycle Private Limited, Recycling Technologies, Sapporo Plastic Recycle kk, Jayplas, Veolia etc.
Years Considered for Analysis:
Historical Years: 2015–2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Plastic Recycling capacity, production, demand, the demand-supply gap in MEA.
• To categorize Plastic Recycling demand based on end use, type, sales channel, and region.
• To study trade dynamics and company share in the MEA Plastic Recycling market.
• To identify major customers of Plastic Recycling in MEA.
• To evaluate and forecast Plastic Recycling pricing in MEA.
• To identify and profile major companies operating in the MEA Plastic Recycling market.
• To identify major developments, deals, and expansion plans in the MEA Plastic Recycling market.
To extract data for Middle East and Africa (MEA) Plastic Recycling market, primary research surveys were conducted with Plastic Recycling manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for MEA Plastic Recycling market over the coming years.
ChemAnalyst calculated Plastic Recycling demand in Middle East Africa by analyzing the historical data and demand forecast which was carried out considering imported Plastic Recycling, styrene prices, monomers used for production of Plastic Recycling. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Plastic Recycling manufacturers and other stakeholders
• Organizations, forums, and alliances related to Plastic Recycling distribution
• Government bodies such as regulating authorities and policymakers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Plastic Recycling manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Deliverables:
Installed Capacity By Company
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Installed capacity at a regional level along with the individual capacity of leading players
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Installed Capacity By Location
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Installed capacity at country level
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Installed Capacity By Process
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Installed capacity by different processes
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Installed Capacity By Technology
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Installed capacity by different technologies being used to produce Plastic Recycling
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Production By Company
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Actual production done by different companies
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Operating Efficiency By Company
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Operating efficiency at which different companies are operating their plants
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Demand By End Use
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Demand/Sale of Plastic Recycling in different end-user industries across the region
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Demand By Sales Channel
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Demand/Sale of Plastic Recycling by different sales channels across the region
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Demand By Country
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Demand/Sale of Plastic Recycling in Saudi Arabia, Iran, South Africa
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Demand & Supply Gap
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Demand & Supply Gap at the regional level
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Country-Wise Exports
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Exports of Plastic Recycling by Different Countries
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Country-Wise Imports
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Imports of Plastic Recycling by Different Countries
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Demand & Supply Gap
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Demand & Supply Gap at the country level
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Market Share of Leading Players
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Revenue shares of leading players in the country
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News & Deals
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Historical & Current News & Deals in Plastic Recycling market
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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