GCC Waste Management Market Size, Share, Growth Analysis, By Waste type(Industrial Waste, Municipal Solid Waste), By Disposal method(Landfill, Incineration and Recycling), By Services(Collection Service, Collection & transportation), By Material(Paper & Paperboard, Plastic) - Industry Forecast 2024-2031

Name: GCC Waste Management Market Size, Share, Growth Analysis, By Waste type(Industrial Waste, Municipal Solid Waste), By Disposal method(Landfill, Incineration and Recycling), By Services(Collection Service, Collection & transportation), By Material(Paper & Paperboard, Plastic) - Industry Forecast 2023-2030
Brand: SkyQuest Technology
Price: 5300 USD
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Report ID: SQMIR20N2029 | Region: Regional | Published Date: February, 2024
Pages: 201 | Tables: 123 | Figures: 77

GCC Waste Management Market News

In October 2022, in order to promote a circular economy and lessen packaging waste, PepsiCo's global hydration brand Aquafina has announced the launch of locally produced, 100% recycled plastic bottles. As a result, Aquafina is now the first beverage brand in Qatar and the GCC area to do so.

In October 2022, Imdaad, a group of companies based in Dubai that offers integrated, sustainable Facilities Management (FM) services that improve operational efficiencies of physical assets, and DUBAL Holding, the investment arm of the Dubai Government with a focus on Non-Ferrous Metals, Recycling, Energy, and Industrial Sectors, have signed a Memorandum of Understanding (MoU) to explore and invest in projects aimed at fostering the Recycling and Sustainability sector in the United Arab Emirates.

GCC Waste Management Market Report Snapshots

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GCC Waste Management Market size was valued at USD 10.52 billion in 2019 and is poised to grow from USD 11.28 billion in 2023 to USD 21.23 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

GCC Waste Management Market is highly fragmented and competitive due to presence of many regional players offering a wide array of services. To maintain a competitive edge and increase their market position in the GCC waste management market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Prominent players include Averda, Enviroserve, Suez Middle East Recycling LLC and Green Mountains among others. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Averda International LLC', 'Bee'ah', 'Dulsco LLC', 'GFL Environmental Inc.', 'Sharjah Waste to Energy Company', 'Tadweer (Center of Waste Management Abu Dhabi)', 'BESIX Group', 'AEB International GmbH', 'Gulf Cobla Holding Co. KSCC', 'Al Dhafra Waste Collection & Transportation Company', 'Al Fayha Waste Management Services', 'Amlak Integrated Real Estate Services', 'Al Khodariyah Waste Treatment L.L.C.', 'Al Kifah Holding Company', 'Al Wadi Al Jadid Environment Services', 'Advanced Recycling Industries (ARI)', 'Imdaad LLC', 'EcoWaste', 'Waste Management Solutions (WMS)', 'Enviromena Power Systems'

Advanced waste collection and treatment technologies are receiving more and more attention. Examples of these clever solutions include sophisticated sensors that alert pickup stations when bins are full. The expansion of Internet of Things (IoT)-based products is fueling the industry. Drones are being more widely used to tackle unauthorized dumps. Intensifying Attention on Smart Technologies is expected to augment market growth.

GCC will take steps toward integrated waste management, with a focus on "waste-to-value" strategies including recycling and waste-to-energy. Governments around the area are looking to invest in waste-to-energy (WtE) projects to satisfy sustainability standards and lower carbon emissions as garbage quantities continue to climb dramatically in step with growing populations. The Emirates Waste to Energy Company (EWTE), the first WtE development company in the UAE, is one of the most significant WtE projects now underway in the Middle East. The first WtE plant in the UAE is now being built by EWTE in Sharjah. It will power up to 28,000 households and remove over 300,000 tonnes of non-recyclable garbage from landfills annually while also producing 30 megawatts of renewable energy. Abu Dhabi itself has plans to increase its WtE capacity significantly. Sadara Chemical Company and Veolia Middle East inked a contract in Saudi Arabia to create a sustainable industrial WtE facility. Such trends are expected to rise considerably in coming years.

On the basis of region the market is categorized into 6 GCC countries namely Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. UAE is further sub segmented into Abu Dhabi, Dubai, Sharjah, and others.In 2021, Saudi Arabia led all other nations in this sector, largely as a result of the substantial amount of waste that it produced overall. In 2021, the Saudi Arabian market was estimated to be worth USD 17.97 billion, and growth is anticipated over the next few years. The GCC sub-regional market is driven by quick investments in renewable energy projects. About 53 million tonnes of trash are produced in Saudi Arabia each year, polluting the country's soil and groundwater. Three large cities account for over half of the total trash produced: 21% from Riyadh, 14% from Jeddah, and 8% from Dammam. The majority of Saudi Arabia's landfills are about to fill up.

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GCC Waste Management Market News

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