Global Plastic Waste Management Market Size is estimated to expand rapidly in coming years, at a CAGR of 4.5 % from 2019 to 2027. In 2017, the global market valuation was USD 35.6 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. The most important elements of everyday life have become plastic, with most items being made or wrapped in plastic. Plastic waste cannot be removed and lead to major environmental disasters. There is a significant amount of plastic waste throughout the world that is largely contributed by household and industrial waste, such as food, vehicles, appliances, construction and agriculture. In line with the values of public health, manufacturing, economics and conservation, advanced technologies and systems for the reprocessing, sorting, and storage of recycled plastics are creating new opportunities.
The growth of the plastics management market is driven by factors such as increasing urbanization, industrialization and rising awareness of environmental risks. Most government-imposed laws and regulations are key drivers of market growth. In addition, government initiatives for plastic recycle and growing concern about the handling of plastic waste are driving the marketplace.
Plastic recycling is a big need of society as it not only ensures the recovery of resources, but also decreases the carbon footprint. Every ton of plastic recycled can be extracted from landfills around seven yards of land and approximately 80 per cent energy can be saved for brand new plastic material production. The plastics used for the manufacture of a wide range of products, including tapestries, waste bags, garments, foils, bottles and containers, are rather inexpensive and flexible, recyclable plastics. In order to drive the plastics handle demand over the projected period, this recycling cycle is extended.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global plastic waste management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic waste management market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Service Insights: On the basis of service, global plastic waste management market has been segmented into collection, recycling, incineration, landfills. Based on its service the landfills segment is expected to dominate the volume market for plastic waste management between 2018 and 2025. The fact that there are fewer recycling plants and incinerators contributes to waste mismanagement and an increase in the disposal of plastic waste and sites.
By End Use Insights: On the basis of end use, global plastic waste management market has been segmented into packaging, building & construction. Based on the end use application, in the recycled plastic waste sector, the packaging segment is expected to grow during the forecast period at the highest value of CAGR. The versatility and the widespread use of recycled plastics in sustainable packaging solutions drives their requirements (such as reducing pollution and increasing their dependence on fossil fuels).
The plastic waste management market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
The plastic waste management industry in Asia Pacific is projected to increase in value by the fastest CAGR between 2019 and 2024. In Asia-Pacific the increasing population, the rising GDP and disposable earnings lead to solider waste (including plastic waste) being created, which in turn creates opportunities for the region's markets. The advancement of infrastructure in Asia-Pacific underdeveloped and developing countries drives the growth of diverse plastic waste management practices in that area.
Global Plastic Waste Management Market Size, Share and Trend Analysis by Region 2019-2027
It is estimated that North America, the dominating country in plastic waste management market will show considerable growth during the forecast period. The growth would be possible because of marketing analytics tools and because of existing players that are firmly established in the market since the beginning. In addition to that, government agencies, companies, third-party administrators, etc. are channelizing their efforts to make customer-centric products which will also contribute to the growth in this region. Rising demand, increased income, advanced technology and machinery, along with the programs for spreading the awareness of the need will likely cause the plastic waste management market to grow substantially.
Global Plastic Waste Management Market Study Objective
To forecast the market size of plastic waste management market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of plastic waste management market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of plastic waste management market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of plastic waste management market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the plastic waste management market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Veolia Environnement S.A., SUEZ Environnement Company, Waste Management Inc., Republic Services Inc., Stericycle Inc., ADS Waste Holdings, Inc., Remondis SE & Co. KG, Clean Harbors Inc., Hawkvale Limited, Hahn Plastics Limited, Covanta Holding Corporation, Progressive Waste Solutions Ltd., Luxus Limited, PLASgran Ltd., and United Plastic Recycling, Inc. are some of the key players in the market of plastic waste management.
Global Plastic Waste Management Market Study Report Offer You!
The global plastic waste management market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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