GCC Industrial Waste Management Market Size

GCC Industrial Waste Management Market Analysis

The GCC Industrial Waste Management Market size is estimated at USD 7.35 billion in 2024, and is expected to reach USD 10.03 billion by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).

• In the past decade, Gulf Cooperation Council countries have experienced rapid population growth, urbanization, and a significant increase in standard of life. This has led to increased waste generation and calls for efficient practices in environmental sustainability. Almost all Gulf Cooperation Council countries have adopted waste to energy as their most recent trend. In the past, to address waste management issues, specific recycling centers and solid waste treatment plants have been set up mainly in the United Arab Emirates.
• The United Arab Emirates became a member of the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes (1990) and their disposal. A decision regulating the transit and export of dangerous waste goods across the United Arab Emirates border has been adopted by the Ministry of Climate Change and Environment in the UA. In Saudi Arabia, the major portion of collected waste ends up untreated in landfills. The landfill requirement is very high at about 28 million m3 per year.
• The Saudi Green and Middle East Green initiatives is expected to reduce carbon emissions in the region by 60% by 2030 and divert 85% of industrial waste from landfills by 2035. Around 95,002 plants and factories across the KSA manufacture various products in different sectors. Rising investments in manufacturing factories are driving the growth of industrial waste generation in KSA, supported by low-cost loans provided by SIDF for establishing an industrial plant. The petrochemical sector is one of the largest sectors in KSA and a major contributor to industrial waste, and it is expected to continue to grow.