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.
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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.
Services Covered:
• Clearance
• Energy Recovery
• Composting
• Plasma Gasification
• Processing
• Disposal
• Collection/ Assembly & Transportation
• Landfills
• Other Services
Applications Covered:
• Heat Energy Generation
• Plastic Waste
Polymer Types Covered:
• Thermosetting
• V (Vinyl)
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Thermoplastic
• Other Polymer Types
Sources Covered:
• Commercial & Institutional
• Residential
• Industrial
• Other Sources
End Users Covered:
• Containers & Packaging
• Building & Construction
• Textile & Clothing
• Aerospace and Defense
• Automotive Scrapyard
• Wood and Furniture
• Consumer Product
• Transportation
• Electrical & Electronic Components and Appliances
• Industrial Process Waste
• Household & Municipal Waste
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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