A market research report published earlier this year foresees significant growth for the United Arab Emirates (UAE) plastic recycling market. The report, which analysed the UAE’s recycling situation in terms of plant capacity, production, operating efficiency, demand and supply, end-user, industries, distribution channel, and regional demand for the period 2015-2030, is available from Research and Markets.
According to the authors, the UAE plastic recycling market will see a compound annual growth rate (CAGR) of 5.34% over the coming years. Recent market research showed that the market size stood at 0.84 million tonnes in 2020 and is now predicted to rise to 1.44 million tonnes by 2030.
This growth trajectory is being fuelled by the UAE's increasing commercial activities, which have led to more and more plastics being used across various sectors, resulting in a substantial rise in plastic waste.
The market analysis presents a detailed dissection of plant capacities from a company and location perspective, offering a granular look at the installed capacities that contribute to the UAE's plastic recycling capabilities. Additionally, actual company production figures are provided, presenting a clear picture of the industry's output landscape.
The operational efficiency of the actors within the plastic recycling market is thoroughly evaluated, providing insights into the effectiveness and productivity of the various plants. The report looks at demand across different end-user industries, sales channels, and regions, presenting a multi-dimensional view of who is utilising recycled plastics and where opportunities lie.
It also examines the export and import traffic,analysing the international exchange of recycled plastics in and out of the UAE, and the demand and supply gap, enabling potential shortages or surpluses within the market to be identified.