Overview
As Saudi Arabia intensifies its industrial diversification under Vision 2030, the Saudi Industrial Waste Management sector is becoming a cornerstone of its environmental and economic strategy. Projected to grow from USD 2.94 billion in 2024 to USD 4.05 billion by 2030, the market is expanding at a steady CAGR of 5.5%. This growth is fueled by rising industrial output, stricter environmental regulations, and the adoption of advanced waste treatment technologies.
Collection Services to Capture 45% of Market Share in 2024
Collection services are set to dominate the Saudi Industrial Waste Management market in 2024, accounting for approximately 45% of total revenue. This reflects the increasing emphasis on structured waste handling as industries align with national sustainability goals. While collection leads in volume, landfilling is the fastest-growing service category, driven by the need to manage complex waste streams, particularly hazardous materials.
Chemical Industry to Generate 35% of Industrial Waste
The chemical sector is the largest source of industrial waste in Saudi Arabia, expected to contribute 35% of the total in 2024. This is largely due to the country’s expansive petrochemical and refining operations. However, the construction and demolition segment is projected to grow at the fastest pace, with a CAGR of 5.8%, propelled by mega infrastructure projects and rapid urbanization.
Hazardous Waste to Account for 70% of Total Volume
Hazardous waste will represent 70% of the total industrial waste generated in 2024. This includes materials such as battery acid, spent nuclear fuel, and heavy metals. The dominance of hazardous waste underscores the need for specialized handling and disposal solutions, especially as industries like oil and gas, chemicals, and nuclear energy scale up operations. Non-hazardous waste, while smaller in volume, is growing faster due to increased recycling and reuse initiatives.
Eastern Region Leads, Western Region Grows Fastest at 5.8% CAGR
Geographically, the Eastern region remains the largest market, driven by its concentration of petrochemical and heavy industrial facilities. However, the Western region is emerging as the fastest-growing area, with a projected CAGR of 5.8% through 2030. This growth is linked to rapid urban development and population expansion, which are increasing the demand for comprehensive waste management infrastructure.
Government Policies and Tech Innovation Drive Market Expansion
Saudi Arabia’s regulatory framework is a key enabler of the Saudi Industrial Waste Management’s market growth. Under Vision 2030, the establishment of the National Center for Waste Management (NCWM) has standardized waste handling protocols and incentivized private sector participation. Additionally, the integration of AI-driven software and IoT devices is revolutionizing waste tracking, sorting, and processing, enhancing operational efficiency and compliance.
Rising Industrial Investment Fuels Waste Volume
The Saudi Industrial Development Fund (SIDF) is playing a pivotal role by offering low-interest loans to manufacturing ventures. The government’s goal to establish 36,000 factories—including 4,000 automated ones—by 2030 will significantly increase industrial output and, consequently, waste generation. This underscores the urgent need for scalable and sustainable waste management solutions.
Also Read: $8M Jeddah Plant Signals Waste Market Shift
