Middle East Biodegradable Plastics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 14.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East Biodegradable Plastics Market Analysis
The Middle-East Biodegradable Plastics Market is projected to register a CAGR of over 14% during the forecast period. The market was negatively impacted by COVID-19 in 2020, owing to supply chain interruptions, a lack of raw materials utilized in the manufacturing process, workforce shortages, and fluctuating pricing. These factors caused the final product's production to inflate and go over budget due to the implications of lockdown. However, conditions improved in 2021, with the packaging industry's expansion stimulating demand for the biodegradable plastic market in the coming years.
- A major factor driving the market studied is the environmental issues encouraging an alternative to single-use plastic and promoting bioplastics. Additionally, the growing demand for packaging is likely to affect the market's growth.
- However, the availability of cheaper alternatives is likely to hamper the market's growth.
Recent research in biodegradable products led to a product that is easily soluble in water in under three days. New products with the shortest time to degrade after disposal will provide market growth opportunities.
Middle East Biodegradable Plastics Market Trends
This section covers the major market trends shaping the Middle East Biodegradable Plastics Market according to our research experts:
Soaring Demand from the Packaging Industry
- The largest consumer of biodegradable plastics is packaging; packaging industries began to replace regular plastic with biodegradable plastic, supporting government incentives for sustainability.Biodegradable plastics are used in flexible and rigid packaging applications. They are used to package organic food as well as premium and branded products.
- Middle Eastern governments' intervention in banning single-use plastic and promoting incentives for alternatives amplified the biodegradable plastic market's growth. For instance, according to a poll conducted in January 2022 by the Government of Dubai, 85% of the Emirate population supports the ban on plastic bags.
- The Gulf countries are rushing to promote eco-friendly lifestyles.As part of a more comprehensive goal to reduce plastic consumption, Abu Dhabi has already banned single-use plastic bags. The United Arab Emirates, which will host the COP28 meeting in 2023, has also released a Circular Economy Policy that promises to assist businesses in adopting environmentally friendly production practices. Moreover, Saudi Arabia recently pledged to achieve net-zero emissions by 2060.
- The biodegradable packaging segment is driven by changing consumer behaviors and the rising preference for convenience foods, which necessitate the use of special types of packaging. People prefer fresh food that is packaged in a way that is good for the environment. This has an effect on the Middle Eastern market for biodegradable food packaging products.
- Starch-based biodegradable plastics are increasingly used in the packaging industry. Some starch-plastic products are easily soluble in water, making them an attractive eco-friendly alternative to single-use plastics.
- So, we expect that the above-mentioned factors will have a positive effect on the market over the next few years.
United Arab Emirates to Dominate the Market
- UAE is one of the most prominent economies in the Middle East. As reported by the International Monetary Fund (IMF), the country recorded its GDP at USD 409.97 billion in 2021.
- In 2021, the country registered a GDP growth of 2.3%, indicating recovery after a decline of -6.1% recorded in 2020 due to the COVID-19 pandemic, which affected economic activities in the country. UAE is expected to record 4.2% year-on-year growth during 2022, as published by reports from IMF.
- UAE announced a complete ban on single-use plastic bags and materials and to promote biodegradable plastic in Sharjah, hence, shops in the UAE are expected to start imposing a tariff from October 1, 2022, on each single-use plastic bag presented to the consumer.
- UAE food and beverage manufacturer Agthia launched a biodegradable water bottle, biomaterials like cornstarch and fermented sugarcane were used in the production.
- Biodegradable plastics made of cornstarch have applications in flexible and loose-fill packaging. UAE startup MYEARTH from Ecoway Biopolymers LLC launched cornstarch products like shopping bags, garbage bags, landscaping sheets, straws, and boxes. UAE food packaging and grocery chains started to replace regular plastic with cornstarch plastics, boosting the biodegradable plastic demand in the region.
- Moreover, Hotpack Global, the UAE-based leading food packaging manufacturer, opened an exclusive Retail Showroom in Riyadh on August 31, 2022. The store has exclusive shelves for biodegradable products, in line with Hotpack's commitment to sustainability. Biodegradable plastic films like bio polyethylene terephthalate (PET), bio polyethylene, and bio polypropylene are majorly used as packaging films.
- Hence, the market scenario in the region is expected to boost biodegradable plastics demand throughout the forecast period.
Middle East Biodegradable Plastics Industry Overview
The Middle East biodegradable plastics market is partially consolidated in nature. Some of the major players in the market include Avani Eco, Al Bayader International, Al-Habib Polymers, BASF SE, Cargill Incorporated, Ecoway Biopolymers LLC, EcoPlast Solutions, Eastman Chemical Company, Green Packaging Industries, KiSabz (Maadiran), and Plastcom Middle East FZC
Middle East Biodegradable Plastics Market Leaders
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BASF SE
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Cargill Incorporated
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Eastman Chemical Company
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KiSabz (Maadiran)
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Ecoway Biopolymers LLC
*Disclaimer: Major Players sorted in no particular order
Middle East Biodegradable Plastics Market News
- October 2022: UAE-based cleantech company Avani Eco Middle East has been granted a guarantee of USD 680,000 in funding support from the Mohammed Bin Rashid Innovation Fund (MBRIF)'s Guarantee Scheme. Avani develops compostable bioplastics made from cassava starch as well as a full range of sustainable food packaging and hospitality products made from renewable resources.
- August 2022: The UK-based Symphony Environmental Technologies Plc stated that it has finalized a manufacturing arrangement with the Ecobatch Plastic Factory in the United Arab Emirates. Production is anticipated to begin near the end of 2022. The agreement will see Symphony Environmental Technologies Plc supply its D2W oxo-biodegradable plastic technology to the Ecobatch Plastic Factory. The technology is designed to help reduce plastic waste and pollution and is expected to be used in a range of products, including shopping bags, food packaging, and other single-use plastic items.
Middle East Biodegradable Plastics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Environmental Factors Encouraging a Paradigm Shift
4.1.2 Growing Demand for Bioplastics in Packaging
4.2 Restraints
4.2.1 Availability of Cheaper Alternatives
4.2.2 Other Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Strach based
5.1.2 Polylactic Acid (PLA)
5.1.3 Other Types
5.2 Application
5.2.1 Packaging
5.2.2 Other Applications
5.3 Geography
5.3.1 United Arab Emirates
5.3.2 Saudi Arabia
5.3.3 Qatar
5.3.4 Iran
5.3.5 Rest of Middle East
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Avani Eco
6.4.2 Al Bayader International,
6.4.3 Al-Habib Polymers
6.4.4 BASF SE
6.4.5 Cargill Incorporated
6.4.6 Eastman Chemical Company
6.4.7 Ecoway Biopolymers LLC
6.4.8 EcoPlast Solutions
6.4.9 Green Packaging Industries
6.4.10 KiSabz (Maadiran)
6.4.11 Plastcom Middle East FZC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Use in the Electronics Industry
Middle East Biodegradable Plastics Industry Segmentation
Bio-degradable plastics are plastics that can be decomposed by living organisms like microbes or in other specific conditions. The bio-degradable plastics market is segmented by application and geography. By application, the market is segmented into flexible packaging, rigid packaging, automotive and assembly operations, agriculture and horticulture, construction, textiles, electrical and electronics, and other applications. The report also covers the market size and forecasts for the bio-degradable plastic for each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).
| Type | |
| Strach based | |
| Polylactic Acid (PLA) | |
| Other Types |
| Application | |
| Packaging | |
| Other Applications |
| Geography | |
| United Arab Emirates | |
| Saudi Arabia | |
| Qatar | |
| Iran | |
| Rest of Middle East |
Middle East Biodegradable Plastics Market Research FAQs
What is the current Middle East Biodegradable Plastics Market size?
The Middle East Biodegradable Plastics Market is projected to register a CAGR of greater than 14% during the forecast period (2024-2029)
Who are the key players in Middle East Biodegradable Plastics Market?
BASF SE , Cargill Incorporated, Eastman Chemical Company , KiSabz (Maadiran) and Ecoway Biopolymers LLC are the major companies operating in the Middle East Biodegradable Plastics Market.
What years does this Middle East Biodegradable Plastics Market cover?
The report covers the Middle East Biodegradable Plastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Biodegradable Plastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East Biodegradable Plastics Industry Report
The Middle East Biodegradable Plastics market is poised for significant market growth, driven by increasing demand across various applications such as flexible packaging, rigid packaging, automotive, and assembly operations. The market segmentation includes key regions like the United Arab Emirates, Saudi Arabia, Qatar, and Iran, with each contributing to the overall market value.
The industry analysis reveals that the market size is expanding due to a rise in industry sales and the adoption of biodegradable plastics in agriculture and horticulture, construction, textiles, electrical and electronics, among other applications. The industry statistics indicate a positive market outlook, supported by comprehensive industry research and market forecast data.
The market leaders in the Middle East are focusing on innovative solutions to meet the growing demand, as highlighted in various industry reports and market reviews. The market overview suggests that the region will continue to see robust market predictions and industry trends, with a strong emphasis on sustainability and environmental impact.
The report example provided by 糖心vlog传媒鈩� includes detailed industry information and market data, offering insights into the market predictions and market segmentation. The report pdf is an essential resource for research companies looking to understand the market dynamics and industry outlook in the Middle East.
In summary, the Middle East Biodegradable Plastics market is set to experience a significant growth rate, driven by favorable market trends and the increasing adoption of eco-friendly materials. The industry outlook remains positive, with market leaders continuing to innovate and expand their market share.
