The Plastic Waste Management market latest Brief 2022 is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period till 2030. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position.
Plastic Waste Management Market Overview
According to the research report from global experts, the global Plastic Waste Management market market size is expected to reach USD 428.50 million at a CAGR of 4.5% during the estimated period of the year 2028. Growing ecological concern has led to the adoption of plastic waste management worldwide. This effective waste management method is ensured to leave a minimal carbon footprint by saving landfills and conserving up to 80% of the energy for the production of new plastic-based components. The industrial application for the recycled plastic products can propel the market of plastic waste management.
Governments of various nations are also showing a keen interest in this plastic waste management procedure. Hazards related to plastic usage has given rise to concerns regarding its usage. Governments are now imposing several stringent measures and stipulations to lower the carbon footprint, therefore, giving rise to the implementation of plastic waste management.
Industry Trends
Plastic Waste Management market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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Globally Major key Players accelerates the Plastic Waste Management Market are, Veolia Environnement S.A. (France), SUEZ Environnement Company (France), Waste Management Inc. (U.S.), Republic Services Inc. (U.S.), Stericycle Inc. (U.S.), ADS Waste Holdings, Inc. (U.S.), Remondis SE & Co. KG (Germany), Clean Harbors Inc. (U.S.), Hawkvale Limited (UK), Hahn Plastics Limited (UK), Covanta Holding Corporation (U.S.), Progressive Waste Solutions Ltd. (Canada), Luxus Limited (U.K.), PLASgran Ltd. (U.K.), and United Plastic Recycling, Inc. (U.S.)
Most important Segments of Plastic Waste Management market covered in this report are,
The global market of plastic waste management can be segmented by source, service & equipment, polymer, and end-user.
By source, the market can be segmented into residential, commercial and industrial. Residential segment dominated the market in 2016 and given the current scenario it can record a phenomenal growth in the coming future. Rapid urbanization and increasing adoption of waste management can ensure the top spot for the segment.
Service & equipment includes collection, recycling, incineration, and disposal. Recycling has numerous advantages such as cost reduction and conservation of power which make it a popular choice for various end-user industries. Therefore, the segment can experience a spiraling expansion during the review period.
Polymer-wise the segment consists polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), and others. Polypropylene is widely available and cheap. Its features make it a market-friendly component, and it dominated the market in 2016. The segment is to continue its dominance during the review period as well.
The end-user segment comprises packaging, building & construction, textile & clothing, automobile, and others. Packaging sector has a vast application for plastics, and even after the primary application, the sector has a quick recycling solution for plastics. This helps the sector dominate the market with great fervor and can continue to do so during the prognosis period.
Plastic Waste Management Industry Influence of the global market report:
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The global Plastic Waste Management market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
Regional Analysis
The plastic waste management market can be segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Plastic waste management has proven itself as a useful economic measure as it generates much revenue for the government. In Europe and North America, the sector is well-established as the governments in these regions have already implemented a number of stringent regulations to curb the CO2 emission rate. PlasticsEurope has recently announced a strategy that would prohibit any plastic leakage in the environment by harmonizing the policies of various European nations by 2030. North America is going to benefit much from China’s ban on waste imports including plastic. The ban will enforce a strategic shift in North America’s plastic recycling policies.
APAC region is currently experiencing a steady growth due to unawareness and lackadaisical approach of the governments in implementing necessary measures. However, countries such as India China, Japan, and South Korea are showing some positive steps. India has launched a campaign Swachh Bharat to reduce the amount of garbage produced and promote recycling. China’s ban on waste import has forced developed countries to reconsider and check their plastic addiction.
LIST OF TABLES
Table 1 Global Plastic Waste Management Market: By Region, 2020-2027
Table 2 North America Plastic Waste Management Market: By Country, 2020-2027
Table 3 Europe Plastic Waste Management Market: By Country, 2020-2027
Table 4 Asia-Pacific Plastic Waste Management Market: By Country, 2020-2027
Table 5 RoW Plastic Waste Management Market: By Country, 2020-2027
Table 6 Global Plastic Waste Management Market, By Service & Equipment, By Regions, 2020-2027
Table 7 North America Plastic Waste Management Market, By Service & Equipment, By Country, 2020-2027
Table 8 Europe Plastic Waste Management Market, By Resin Type, By Country, 2020-2027
Table 9 Asia-Pacific Plastic Waste Management Market By Service & Equipment, By Country, 2020-2027
Table 10 RoW Plastic Waste Management Market By Service & Equipment, By Country, 2020-2027
Table 11 Global Plastic Waste Management Market By Polymer Market: By Regions, 2020-2027
Table 12 North America Plastic Waste Management Market By Polymer: By Country, 2020-2027
Table 13 Europe Plastic Waste Management Market By Polymer: By Country, 2020-2027
Table 14 Asia Pacific Plastic Waste Management Market By Polymer: By Country, 2020-2027
…Continue.
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