Report Overview

Saudi Arabia Industrial Waste Management Market – Industry Trends & Forecast Report, 2030

Saudi Arabia Industrial Waste Management Market size by value was estimated at USD 4.52 billion in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Industrial Waste Management Market size is expected to expand at a CAGR of 5.50% reaching a value of USD 6.51 billion by 2030. Saudi Arabia Industrial Waste Management Market is driven by the rapid industrialization and urbanization in the region, leading to increased waste generation. The government's initiatives, such as Vision 2030, emphasize sustainable development and environmental protection, thereby boosting demand for efficient waste management solutions. Additionally, the establishment of regulatory frameworks and stringent environmental regulations compel industries to adopt proper waste management practices, further fueling market growth.

By volume, Saudi Arabia Industrial Waste Management Market size was estimated at 974.0 thousand tons in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Industrial Waste Management Market size is projected to grow at a CAGR of 4.80% reaching a volume of 1,346.9 thousand tons by 2030. Technological advancements in waste treatment and recycling processes also play a crucial role in market expansion. Innovations such as advanced sorting technologies and waste-to-energy conversion systems enhance the efficiency of waste management operations. Furthermore, the rising awareness among industries about the economic benefits of recycling and resource recovery drives the adoption of sustainable waste management practices across various sectors.

Industrial Waste Management – Overview

Industrial waste management involves the collection, treatment, and disposal of waste produced by industrial activities. It aims to minimize environmental impact, ensure regulatory compliance, and promote sustainable practices. Key processes include waste segregation, recycling, energy recovery, and safe disposal of hazardous materials. Effective management reduces pollution, conserves resources, and enhances operational efficiency. Advanced technologies and stricter regulations are driving improvements in this sector, fostering a more sustainable industrial ecosystem.

Saudi Arabia Industrial Waste Management Market

Growth Drivers

Expansion of Recycling and Resource Recovery Plants

Saudi Arabia Industrial Waste Management Market is driven by the expansion of recycling and resource recovery initiatives. The government’s Vision 2030 plan emphasizes sustainable development, boosting investments in recycling infrastructure and technologies. Industries are increasingly adopting recycling practices to minimize waste and enhance resource efficiency. This focus on recycling supports environmental goals and also reduces operational costs, making it a key growth driver in the market.

Challenges

Limited Awareness and Education

Saudi Arabia Industrial Waste Management Market faces challenges due to limited awareness and education. Many industries lack comprehensive understanding and training on proper waste management practices. This deficiency hinders the adoption of effective waste management strategies, leading to inefficient handling and disposal of industrial waste. To overcome this restraint, concerted efforts in raising awareness and providing education on sustainable waste management practices are crucial for achieving environmental and economic benefits.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Industrial Waste Management Market

Intensifying geopolitical tensions across the Middle East could significantly affect the growth of Saudi Arabia Industrial Waste Management Market. Tensions between the neigthbouring countries can lead to disruptions in supply chains, affecting the availability of waste management equipment and technologies. Trade restrictions and sanctions may increase costs for importing necessary machinery and materials. Additionally, political instability can deter foreign investment, slowing down infrastructure development in waste management. On the other hand, heightened geopolitical awareness might prompt the Saudi government to prioritize self-sufficiency in waste management, potentially boosting local industries and innovations. However, overall, geopolitical instability generally creates uncertainty, potentially hindering market growth and operational efficiency in the sector.

Saudi Arabia Industrial Waste Management Market

Segmental Information

Saudi Arabia Industrial Waste Management Market – By Type

By type, Saudi Arabia Industrial Waste Management Market is divided into Hazardous and Non-Hazardous segments. Non-hazardous waste management is a larger segment in Saudi Arabia Industrial Waste Management Market by type. The segment dominates due to the higher volume of non-hazardous industrial waste generated from sectors like manufacturing, construction, and agriculture. Non-hazardous waste includes materials, such as scrap metal, paper, and plastics, which require systematic management for recycling and disposal. The growing industrial activities and stringent environmental regulations in Saudi Arabia further drive the demand for effective non-hazardous waste management solutions.

Saudi Arabia Industrial Waste Management Market – By Service

Based on service, Saudi Arabia Industrial Waste Management Market is divided into Landfilling, Recycling, Collection, and Incineration segments. The collection segment is the highest contributor to the growth of Saudi Arabia Industrial Waste Management Market by service. The segment’s dominance is due to the extensive need for efficient waste collection services across various industries. The rapid industrialization and urbanization in Saudi Arabia have significantly increased the generation of industrial waste, necessitating effective collection systems to manage and transport waste to treatment and disposal facilities.

Competitive Landscape

Key players in the highly competitive Saudi Arabia Industrial Waste Management Market include Saudi Investment Recycling Company (SIRC), Environmental Horizons Company, Veolia Environmental SA, BEEAH Group, Remondis Group, Al Hamad Trading & Contracting Est WLL, National Environmental Recycling Company (Tadweer), Al Qaryan Group, Jeddah Development & Urban Regeneration Company (JDURC), and Waste Collection and Recycling Co. (WASCO). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In November 2023 - Averda, a leading end-to-end waste management and recycling company in emerging markets, and King Abdullah University of Science of Technology (KAUST), a graduate research university in Saudi Arabia, signed a new contract for a waste management facility and services that will provide sustainable waste management solutions for the University, with zero-waste goals projected by 2025. Averda agreed to manage all aspects of solid and hazardous waste, including recycling, sorting, waste transfer, and disposal.

Scope of the Report

By Type

• Hazardous

• Non-Hazardous

By Service

• Landfilling

• Recycling

• Collection

• Incineration

By Source

• Construction & Demolition

• Manufacturing

• Chemical

• Mining

• Oil & Gas

• Agriculture

• Nuclear

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Industrial Waste Management Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Government initiatives and regulations
         2. Increasing industrialization and urbanization
         3. Sustainability and circular economy focus
         4. Public-private partnerships
      2. Restraints
         1. Lack of infrastructure and technology
         2. Limited awareness and education
         3. High costs of waste management
      3. Opportunities
         1. Expansion of recycling and resource recovery
         2. Adoption of smart waste management technologies
         3. Collaboration with international partners
         4. Emerging waste-to-energy projects
      4. Challenges
         1. Waste segregation and collection
         2. Environmental and health concerns
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Industrial Waste Management Market: Marketing Strategies
5. Saudi Arabia Industrial Waste Management Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Hazardous
         2. Non-Hazardous
      2. By Service
         1. Landfilling
         2. Recycling
         3. Collection
         4. Incineration
      3. By Source
         1. Construction & Demolition
         2. Manufacturing
         3. Chemical
         4. Mining
         5. Oil & Gas
         6. Agriculture
         7. Nuclear
6. Competitive Landscape
   1. List of Key Players and Their Range
   2. Saudi Arabia Industrial Waste Management Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Industrial Waste Management Market Industry
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
   1. Saudi Investment Recycling Company (SIRC)
   2. Environmental Horizons Company
   3. Veolia Environmental SA
   4. BEEAH Group
   5. Remondis Group
   6. Al Hamad Trading & Contracting Est WLL
   7. National Environmental Recycling Company (Tadweer)
   8. Al Qaryan Group
   9. Jeddah Development & Urban Regeneration Company (JDURC)
   10. Waste Collection and Recycling Co. (WASCO)
   11. Other prominent players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Saudi Arabia Industrial Waste Management Market Segmentation

Figure 2       Saudi Arabia Industrial Waste Management Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Industrial Waste Management Market Size, By Value (USD Million), 2019–2030

Figure 5       Saudi Arabia Industrial Waste Management Market Share, By Type, By Value, 2019–2030

Figure 6       Saudi Arabia Industrial Waste Management Market Share, By Service, By Value, 2019–2030

Figure 7       Saudi Arabia Industrial Waste Management Market Share, By Source, By Value, 2019–2030

List of Tables      

Table 1        Saudi Arabia Industrial Waste Management Market Share, By Type, By Value, 2019–2030

Table 2        Saudi Arabia Industrial Waste Management Market Share, By Service, By Value, 2019–2030

Table 3        Saudi Arabia Industrial Waste Management Market Share, By Source, By Value, 2019–2030

Table 4        Saudi Investment Recycling Company (SIRC) Company Overview

Table 5        Saudi Investment Recycling Company (SIRC) Financial Overview

Table 6        Environmental Horizons Company: Company Overview

Table 7        Environmental Horizons Company Financial Overview

Table 8        Veolia Environmental SA Company Overview

Table 9        Veolia Environmental SA Financial Overview

Table 10      BEEAH Group Company Overview

Table 11      BEEAH Group Financial Overview

Table 12      Remondis Group Company Overview

Table 13      Remondis Group Financial Overview

Table 14      Al Hamad Trading & Contracting Est WLL Company Overview

Table 15      Al Hamad Trading & Contracting Est WLL Financial Overview

Table 16      National Environmental Recycling Company (Tadweer) Company Overview

Table 17      National Environmental Recycling Company (Tadweer) Financial Overview

Table 18      Al Qaryan Group Company Overview

Table 19      Al Qaryan Group Financial Overview

Table 20      Jeddah Development & Urban Regeneration Company (JDURC) Company Overview

Table 21      Jeddah Development & Urban Regeneration Company (JDURC) Financial Overview

Table 22      Waste Collection and Recycling Co. (WASCO) Company Overview

Table 23      Waste Collection and Recycling Co. (WASCO) Financial Overview