Plastic Waste Management Market Forecasts to 2028 – Global Analysis By Service (Clearance, Processing, Disposal), Polymer Type (V, LDPE, HDPE), End User (Construction, Transportation) and By Geography
According to Stratistics MRC, the Global Plastic Waste Management Market is accounted for $33.61 billion in 2020 and is expected to reach $50.03 billion by 2028 growing at a CAGR of 5.1% during the forecast period. Rising awareness about health & environment, government implementing strict regulations regarding plastic disposal and management and recycling of toxic materials are the factors driving the market growth. However, the absence of an essential framework for segregation and collection of plastic waste material and lack of a skilled workforce are factors restraining the growth of the market.
Plastic waste management includes different strategies and methods in order to reprocess and reuse products made out of plastic, which is otherwise considered waste. Instead of dumping this plastic waste into water bodies, and landfills, and pollute the environment further, the plastic in these products can be recycled and put to use for another purpose or application and the recycled plastic is used in manufacturing new products.
Based on the service, the landfills segment is going to have lucrative growth during the forecast period due to the presence of fewer recycling plants and incinerators leads to mismanagement of waste, contributing to the rise in landfills and plastic waste disposals.
By geography, Asia Pacific is going to have high growth during the forecast period due to the growing population, rising GDP, and increasing disposable income in the Asia Pacific are leading to the generation of more solid waste including plastic waste, which, in turn, is creating opportunities for the market in the region. Infrastructural development in under-developed and developing countries of the Asia Pacific region drives the growth of various methods of plastic waste management.
Some of the key players profiled in the Plastic Waste Management Market include Veolia Environnement S.A., SUEZ Environnement Company, Waste Management Inc. , Republic Services Inc., Hawkvale Limited, Progressive Waste Solutions Ltd., United Plastic Recycling, Inc., Covanta Holding Corporation, Luxus Limited, Hahn Plastics Limited, Biffa, Clean Harbors , Remondis International GmbH.
• Energy Recovery
• Plasma Gasification
• Collection/ Assembly & Transportation
• Other Services
• Heat Energy Generation
• Plastic Waste
Polymer Types Covered:
• V (Vinyl)
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Other Polymer Types
• Commercial & Institutional
• Other Sources
End Users Covered:
• Containers & Packaging
• Building & Construction
• Textile & Clothing
• Aerospace and Defense
• Automotive Scrapyard
• Wood and Furniture
• Consumer Product
• Electrical & Electronic Components and Appliances
• Industrial Process Waste
• Household & Municipal Waste
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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