Circular Economy Redefining the GCC Waste Management Market, 2021

Circular Economy Redefining the GCC Waste Management Market, 2021

Regional Plans to Achieve Self-sufficiency and In-country Local Value Addition Creating Growth Opportunities

RELEASE DATE
30-Mar-2021
REGION
South Asia, Middle East & North Africa
Research Code: PB9C-01-00-00-00
SKU: EN01241-SA-MO_25335
$4,950.00
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Description

Globally, governments and private industries are finding innovative methods to shift to circular economy models for sustainable growth. Circular economy models aim to maximize resource value and eliminate waste by improving the design of materials, products, systems, and businesses. Large organizations that are redevising their business strategies towards circularity can expect greater stability and efficiency among their supply chains. This will have a positive implication for the economy and the environment. The GCC has a high potential for circular economy models as the country is facing the adverse effects of their current waste management practices, which are mostly linear models. By embracing circular economy models, GCC countries can achieve sustainable growth, which is the objective of their federal government.

Municipal waste management is a major concern in the GCC. The total waste generated is expected to increase from 128 Mn MT in 2019 to as high as 164 Mn MT per annum by 2025, across the GCC. The existing landfilling strategies will not be able to handle this increase. This will result in a need for alternative mechanisms to tackle waste.

The critical gap in the present waste management value chain is source segregation. The GCC countries do not follow adequate source segregation but have an efficient collection and transportation system.

Frost & Sullivan expects the GCC to make an aggressive shift towards integrated waste management, with an emphasis on “waste-to-value” methods like recycling. This can already be seen in the form of recent tenders for waste management in the GCC, as well as in the broader Middle East and North Africa region. This will also cause severe disruptions to the existing waste management industry, which has so far been primarily focused on aspects of collection and transportation. Additionally, there is also a need for greater focus on optimizing the segregation process, both at source and material recovery facilities. Such disruptions will result in the emergence of opportunities in the sector for companies that can deliver solutions around segregation, recycling, treatment, and waste-to-energy solutions across services, technology, and equipment. The opportunities would not be limited to equipment specific to waste, and even energy equipment and pollution control equipment manufacturers stand to gain, with the anticipated increase in demand for boilers, incinerators, flue-gas treatment systems, etc.

Waste management companies must focus on skill development, partnerships, and technology acquisition.

Frost & Sullivan believes that municipalities in the GCC will play a key role in accelerating optimization through benchmarking, assessing successful models in other regions, and implementing those learnings in the regional context. This is expected to encourage technology and IIOT adoption in the waste management sector. Smart bins, drones, and AI/data analytics are all expected to be deployed in the waste management value chain in the long term to improve recycling and efficiency.

Key Issues Addressed

  • What are the circular economy growth opportunities?
  • what are the key market trends driving the growth?
  • What are the digital trends in waste management?
  • Who are the key companies operating in waste management sector in the GCC?
  • What should waste management service providers do to benefit from the identified growth opportunities?

Author: Nideshna Varatharajan

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Highlights in the Gulf Cooperation Council (GCC) Waste Management Market

Challenges Faced by the GCC Waste Management Industry Due to COVID-19

GCC Historic Waste Generation

Top Predictions for 2021

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on GCC Waste Management Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

2021 Middle East Economic Outlook—Top Predictions

Middle East—GDP Growth

Saudi Arabia and Qatar—GDP Growth Outlook

Middle East—Key Economic Developments

Material Consumption in the GCC Region—Key Facts and Trends

Circular Economy Concept and Opportunities

Circular Economy Potential Opportunity Size in the GCC

Circular Economy—Global Case Study 1

Circular Economy—Global Case Study 2

GCC Waste Generation by Segment in 2020 and 2021

GCC Waste Generation by Country in 2021

Segment-wise Waste Generation Forecasts 2019–2025

COVID-19 Impact in 2020

Key 2021 GCC Waste Management Market Trends

Prediction 1—Zero Waste/Zero Landfills to be a Key Point of Focus for Governments Across the GCC

Prediction 2—Waste-to-Energy will be a Key Aspect of an Integrated Waste Management Strategy

Prediction 3—Sustainable Packaging will be Driven by the Private Sector Across the Food & Beverage, eCommerce, and FMCG Industries

Prediction 4—Digital Solutions will be Implemented by Waste Management Companies, Particularly for Waste Bin Management and Waste Sorting

Prediction 5—Closed-loop Recycling Systems will Evolve in the Medium-term, Particularly for Plastic Waste Management

Prediction 6—Reverse Cycles will Evolve to Promote Remanufacturing and the Recycling Value Chain and Improve Resource Intensity

2021 Market Snapshot—Municipal Solid Waste

Municipal Solid Waste—Companies to Watch Out for

2021 Market Snapshot—Plastic Waste

Plastic Waste—Companies to Watch Out for

2021 Market Snapshot—Lead-acid Battery Waste

Lead-acid Battery Waste—Companies to Watch Out for

2021 Market Snapshot—C&D Waste

C&D Waste—Companies to Watch Out for

Growth Opportunity 1: Plastic-to-Fuel for Enabling Circular Economy and Reducing Environmental Impact, 2021

Growth Opportunity 1: Plastic-to-Fuel for Enabling Circular Economy and Reducing Environmental Impact, 2021 (continued)

Growth Opportunity 2: Used Lead-acid Battery Recycling Solutions for Environmentally Safe Disposal of Hazardous Waste, 2021

Growth Opportunity 2: Used Lead-acid Battery Recycling Solutions for Environmentally Safe Disposal of Hazardous Waste, 2021 (continued)

Growth Opportunity 3: Production of Recycled Products for Use in Construction Sector, 2021

Growth Opportunity 3: Production of Recycled Products for Use in Construction Sector, 2021 (continued)

Growth Opportunity 4: Waste-to-Energy Plants for Treating Non-recyclable Solid Waste, 2021

Growth Opportunity 4: Waste-to-Energy Plants for Treating Non-recyclable Solid Waste, 2021 (continued)

Growth Opportunity 5: Remanufacturing Solutions to Address Sustainability and Climate Change Targets, 2021

Growth Opportunity 5: Remanufacturing Solutions to Address Sustainability and Climate Change Targets, 2021 (continued)

Growth Opportunity 6: Metals Recycling Solutions to Reduce Carbon Emissions and Environmental Footprint, 2021

Growth Opportunity 6: Metals Recycling Solutions to Reduce Carbon Emissions and Environmental Footprint, 2021 (continued)

Key Conclusions

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Abbreviations and Acronyms Used

Learn More—Next Steps

Related Research
Globally, governments and private industries are finding innovative methods to shift to circular economy models for sustainable growth. Circular economy models aim to maximize resource value and eliminate waste by improving the design of materials, products, systems, and businesses. Large organizations that are redevising their business strategies towards circularity can expect greater stability and efficiency among their supply chains. This will have a positive implication for the economy and the environment. The GCC has a high potential for circular economy models as the country is facing the adverse effects of their current waste management practices, which are mostly linear models. By embracing circular economy models, GCC countries can achieve sustainable growth, which is the objective of their federal government. Municipal waste management is a major concern in the GCC. The total waste generated is expected to increase from 128 Mn MT in 2019 to as high as 164 Mn MT per annum by 2025, across the GCC. The existing landfilling strategies will not be able to handle this increase. This will result in a need for alternative mechanisms to tackle waste. The critical gap in the present waste management value chain is source segregation. The GCC countries do not follow adequate source segregation but have an efficient collection and transportation system. Frost & Sullivan expects the GCC to make an aggressive shift towards integrated waste management, with an emphasis on “waste-to-value” methods like recycling. This can already be seen in the form of recent tenders for waste management in the GCC, as well as in the broader Middle East and North Africa region. This will also cause severe disruptions to the existing waste management industry, which has so far been primarily focused on aspects of collection and transportation. Additionally, there is also a need for greater focus on optimizing the segregation process, both at source and material recovery facilities. Such disruptions will result in the emergence of opportunities in the sector for companies that can deliver solutions around segregation, recycling, treatment, and waste-to-energy solutions across services, technology, and equipment. The opportunities would not be limited to equipment specific to waste, and even energy equipment and pollution control equipment manufacturers stand to gain, with the anticipated increase in demand for boilers, incinerators, flue-gas treatment systems, etc. Waste management companies must focus on skill development, partnerships, and technology acquisition. Frost & Sullivan believes that municipalities in the GCC will play a key role in accelerating optimization through benchmarking, assessing successful models in other regions, and implementing those learnings in the regional context. This is expected to encourage technology and IIOT adoption in the waste management sector. Smart bins, drones, and AI/data analytics are all expected to be deployed in the waste management value chain in the long term to improve recycling and efficiency.--BEGIN PROMO--

Key Issues Addressed

  • What are the circular economy growth opportunities
  • what are the key market trends driving the growth
  • What are the digital trends in waste management
  • Who are the key companies operating in waste management sector in the GCC
  • What should waste management service providers do to benefit from the identified growth opportunities

Author: Nideshna Varatharajan

More Information
Author Nideshna Naidu
GPS Codes 9307-A4,GETE
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number PB9C-01-00-00-00