Global Plastic Waste Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Plastic waste management Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global plastic waste management market report has been segmented on the basis of polymer type, service, source, end user, and region.
Global Plastic Waste Management Market: Overview
Various types of plastic products in the form of containers, packaging materials, bags, equipments, toys, etc. have become integral part of daily life of an individual. Plastic products are non–degradable and remains in the ecosystem even after several years and causes adverse effect on the ecosystem. Plastic recycling is also having limitations as it can be recycled only for two to three times as thermal degradation reduces strength of the material made with plastic. Plastic waste management includes collection, transportation, recycling, and disposal of plastic waste. In case of recycling plastic, it collects all the plastic waste and processes it into useful products.
Global Plastic Waste Management Market: Dynamics
Growing population, coupled with rapid industrialization as well as urbanization are resulting into high amount of plastic waste. Stringent government rules and regulations regarding plastic waste is a major factor expected to boost adoption for waste management services and drives growth of the global plastic waste management market over the forecast period. Plastic waste management includes collection, sorting, baling, crushing and washing, regeneration, and converting plastic waste into semi finite products, is anticipated to propel demand for services and drives target market. However, improper plastic waste management causes water and land pollution, and releases toxic gases such as carbon monoxide, Sulphur dioxide, phosgene, and other deadly oxides in the atmosphere which may affect ecosystems and restrain growth of the global market. in addition, lack of infrastructure for proper plastic waste management compared to the amount of generated plastic waste is another challenging factor that could affect growth of the market. Growing awareness regarding requirements of plastic waste management among individuals is expected to create a lucrative opportunity for growth of the global market.
Global Plastic Waste Management Market: Segment Analysis
On the basis of end user, the packaging segment is expected dominate the global market in terms of revenue over the forecast period. Increasing use of cost-effective plastic which is designed for one-time use is a factor supporting growth of the segment in the plastic waste management market. Growing use of plastic packaging for food and beverages, electronic appliances, cloths, etc. is also a factor anticipated to fuel growth of packaging segment.
Global Plastic Waste Management Market: Regional Analysis
Currently, market in North America accounts for major share in terms of revenue and is expected to maintain its dominance over the forecast period. Growing awareness regarding importance of waste management is a factor driving growth of the target market in the region. Europe accounts for second-highest share in the potential market, owing to stringent government regulation in countries in the region. Market in the Asia Pacific is anticipated to register a lucrative growth in terms of revenue in the near future, owing to government initiatives and awareness regarding plastic waste management especially in developing countries such as China and India in the region.
Global Plastic Waste Management Market Segmentation:
Segmentation by Polymer Type:
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- polystyrene (PS)
- Polyvinyl chloride (PVC)
- Polyurethane (PUR)
- Others (Bakelite, Thermoset, etc.)
Segmentation by Service:
- Collection and Transportation
Segmentation by Source:
- Commercial and Institutional
- Others (Agricultural Waste, Construction, etc.)
Segmentation by End User:
- Building and Construction
- Textile and Clothing
- Others (Aerospace and Defense, Electronic Components and Appliances, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Veolia Environnement S.A.
- Waste Management Inc.
- Republic Services, Inc.
- SUEZ Environnement SA
- Stericycle, Inc.
- Progressive Waste Solutions Ltd.
- Advanced Environmental Recycling Technologies, Inc.
- Clean Harbors, Inc.
- Remondis SE & Co. KG
- Covanta Holding Corporation
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