Saudi Arabia waste management market is driven by the increasing urbanisation and industrialization and growing population growth in the kingdom. With the increasing population, the municipal soil waste will become doubled by 2033. This led to the increasing waste generation and required to tackle the waste in eco-friendly way. In addition, Saudi Arabia produces approx. 53 million tons waste every year. As per the Saudi Arabia National Center for Waste Management, solid waste was USD 1.3 billion in 2021 in which 21% of waste is from Riyadh, 14% from Jeddah and 8% from Dammam. They further planned to recycle 35% of all types of waste by 2035.

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Increased awareness regarding the need of waste management and waste segregation coupled with the growing environment concerns is further boosting the waste management market in Saudi Arabia. Rapid adoption of the sustainable waste management practices across the kingdom is also propelling the market growth. For instance, Saudi Basic Industries Corporation signed an agreement with the Saudi Investment Recycling Company to help SIRC to set up its first chemical recycling project to convert plastic waste into recycled feedstock in 2021. This will further help to achieve waste management objectives in Saudi Arabia. The Saudi government has taken strict regulation for better waste management and to promote environment sustainability. For instance, Saudi Recycling Investment Company planned to decrease 82% of the total waste from landfills and aimed to increase recycling by 42%. The company further expected to build 200 facilities to tackle 106 million tons of waste across the Saudi Arabia. This will support the growth of the Saudi Arabia recycling and waste management market. Saudi Arabia government has taken initiative to ensure environmental sustainability across the kingdom. In addition to this, Saudi Aramco is conducting various waste management training programs to provide awareness regarding benefits of waste management approach among the local communities, professionals, schools, among others.

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Increasing industrial hazardous waste and growing demolition waste from landfills will accelerate the demand for waste management in the Saudi Arabia. In addition, Saudi Arabia government planned to divert 60% of construction and demolition waste from landfills and to reduce greenhouse gas emissions by 2030. Growing mining waste and rising adoption of smart technologies to dispose waste is further paving way for the Saudi Arabia waste management market. In 2022, Ma’aden, a Saudi Arabia mining company signed an agreement with Saudi Investment Recycling Co. to explore opportunities for recycling and environment stability.

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Key questions answered in this research report:

• • • At what pace is Saudi Arabia Waste Management Market growing? What will be the growth trend in the future?
    • What are the key drivers and restraints in Saudi Arabia Waste Management Market? What will be the impact of drivers and restraints in the future?
    • What are the various areas of Saudi Arabia Waste Management Market and how they are poised to grow?
    • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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