October 4, 2024

Exploring GCC Municipal Waste Management Market: Rising Trends, Opportunities and Challenges Forecast 2030

GCC Municipal Waste Management Market

GCC Municipal Waste Management Market Overview:

According to MarkNtel Advisors study the GCC Municipal Waste Management Market size is valued at around USD 63.25 billion in 2024 and is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2024-30. Municipal waste can be differentiated in different ways, like by waste type, by technologies for waste management, and by management methods. So, the technologies used for waste management include sorting technologies, recycling technologies, waste management technologies, and smart waste management solutions.  Sources of municipal waste can be residential and commercial, residential includes waste from households; and commercial includes waste from office buildings, retail, hotels, and others.

Key Findings of the Study: GCC Municipal Waste Management market

GCC Municipal Waste Management Market Challenge:

Labor Intensive & High Costs of Transportation Hindering Market Growth – The process of collecting municipal waste is labor intensive and in today’s time where everything is mechanized to reduce the costs, here in this process, the costs are higher. Along with it, the transportation of waste also leads to incurring high costs, as in a city different waste sources are scattered throughout the city in heterogeneous ways that increase waste collection and transportation costs in the municipal waste management system. The waste collection process becomes costly due to scattered waste sources which makes the collection difficult and requires a more labor-intensive process. Also, the development of new and advanced technologies for the collection of municipal waste requires huge initial costs and investment. Therefore, financial constraints are often faced by government and private entities, hindering the growth & expansion of the market.

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Scope of the GCC Municipal Waste Management Market Report Segmentation

-By Methods

  • Landfill- Market Size & Forecast 2019-2030, USD Million
  • Incineration- Market Size & Forecast 2019-2030, USD Million
  • Recycling- Market Size & Forecast 2019-2030, USD Million
  • Open Dump- Market Size & Forecast 2019-2030, USD Million
  • Others- Market Size & Forecast 2019-2030, USD Million

-By Waste Type

  • Paper & Paperboard- Market Size & Forecast 2019-2030, USD Million
  • Metal- Market Size & Forecast 2019-2030, USD Million
  • Plastic- Market Size & Forecast 2019-2030, USD Million
  • Food- Market Size & Forecast 2019-2030, USD Million
  • Organic Waste- Market Size & Forecast 2019-2030, USD Million
  • Others- Market Size & Forecast 2019-2030, USD Million

-By Technology

  • Sorting Technologies- Market Size & Forecast 2019-2030, USD Million
  • Recycling Technologies- Market Size & Forecast 2019-2030, USD Million
  • Waste Treatment Technologies- Market Size & Forecast 2019-2030, USD Million
  • Smart Waste Management Solutions- Market Size & Forecast 2019-2030, USD Million

-By Source

  • Residential- Market Size & Forecast 2019-2030, USD Million
  • Commercial- Market Size & Forecast 2019-2030, USD Million

For more detailed information about the GCC Municipal Waste Management market report, click here – https://www.marknteladvisors.com/research-library/gcc-municipal-waste-management-market.html

Geographical analysis:

-By Country

  • The UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

From all of these, Saudi Arabia is expected to remain a prevailing market for Municipal Waste Management during the forecast period. Saudi Arabia’s Municipal Waste Management Market is driven by quick investments in renewable energy projects. Also, the country is the largest in the region, by both area and population. Therefore, the waste produced and treated in the region is the largest. The majority of trash produced in the region is through soil and groundwater and is produced in mainly three cities Riyadh, Jeddah, and Dammam. Also, the majority of landfills in the region are about to fill up.

GCC Municipal Waste Management Industry Recent Development:

  • 2023: Suez Middle East recycling has acquired 60% share of ABB (Czech Republic), and extending its scope in the Czech Republic by entering its industrial and municipal waste management and green energy production markets.
  • 2023: Bee’ah has signed an MoU with Rihal to Revolutionize Waste Inspection Using Artificial Intelligence.

Current Landscape of GCC Municipal Waste Management Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Municipal Waste Management market. The research report profiles major players, including

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  • Averda
  • Veolia Middle East
  • Bee’ah
  • Blue LLC
  • EnviroServe
  • Suez Middle East Recycling
  • Envac
  • Dulsco
  • Al Haya Enviro (Qatar)
  • Tadweer
  • Others

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