Saudi Arabia Waste Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Saudi Arabia Waste Management Market Analysis

The Saudi Waste Management Market size is estimated at USD 5.54 billion in 2024, and is expected to reach USD 8.18 billion by 2029, growing at a CAGR of 7.85% during the forecast period (2024-2029).

• With rapid industrialization, surging population, and swift urbanization, Saudi Arabia is facing a pressing challenge, i.e., managing over 110 million tons of waste annually. The bulk of this waste, nearly half, originates from three key cities, namely Riyadh (21%), Jeddah (14%), and Dammam (8%). As these cities' landfills near capacity, concerns heighten. Disposable products, especially single-use plastics, are heavily utilized by Saudis, exacerbating the issue. Unfortunately, recycling efforts remain limited.
• The country predominantly resorts to landfilling municipal waste, with some being incinerated. Once these landfills reach capacity, the land becomes unusable for other purposes. Notably, Saudi Arabia's landfills lack proper engineering to mitigate their adverse effects. Formerly, the CEO of the Saudi Investment Recycling Company highlighted that the nation's waste is predominantly landfilled at an average cost of USD 1.87 per ton. MWAN, the regulatory body, issues licenses to all waste management entities and recycling facilities, ensuring compliance before granting permits.
• While US exporters are not mandated to engage local agents to sell to Saudi companies, they are strongly advised to navigate business opportunities and import regulations and identify sales prospects, especially in the public sector. Saudi Arabia's Procurement Law, overseen by the Ministry of Finance, governs all government procurements, including those by MWAN. The ministry administers the centralized procurement portal, Etimad.
• Aligned with Vision 2030, the NCP aims to privatize sectors, including waste management under municipalities. By 2040, Saudi Arabia aspires to divert 90% of its waste from landfills, targeting a recycling rate of 40%, composting at 31%, and energy conversion from waste at 16%. For instance, in July 2023, Aramco, Total Energies, and Sabic successfully converted oil derived from plastic waste into ISCC+-certified circular polymers. This innovative process tackles the challenge of recycling non-sorted plastics, which are often difficult to recycle mechanically, thereby addressing the issue of end-of-life plastics.

Saudi Arabia Waste Management Market Trends

Saudi Arabia's Ambitious Recycling Drive Being a Step Toward Zero Waste

Saudi Arabia Waste Management Industry Segmentation

Waste management is the complete process of collecting, hauling, treating, and disposing of waste materials in a method that minimizes their impact on the environment and human health. It encloses various activities and practices to reduce waste generation and manage waste materials efficiently and sustainably.

The report provides a comprehensive background analysis of the market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry.

The Saudi Arabian waste management market is segmented by waste type (industrial waste, municipal solid waste, e-waste, plastic waste, and biomedical and other waste types [including construction waste]), disposal method (landfill, incineration, recycling, and other disposal methods), and region (Riyadh, Jeddah, Dammam, Yanbu, and Other Regions). The report offers market sizes and forecasts for all the above segments in terms of value (USD).