Plastic Waste Management Market Overview
Stellar Market Research, an Plastic Waste Management business research firm has published a report on the “Plastic Waste Management Market”. As per the “Plastic Waste Management report,” The Plastic Waste Management was valued at USD 39.93 Billion in 2023. Global Plastic Waste Management Market size is estimated to grow at a CAGR of 4.5% over the forecast period.
Plastic waste management involves recycling plastic waste to prevent it from ending up in landfills or harming the environment. Efforts to reduce the use of virgin plastic in manufacturing are supporting this process. The growing adoption of advanced technologies, such as big data and machine learning (ML), in recycling facilities and waste management systems has contributed to the expansion of the plastic waste management market. The market is segmented by source, material, product type, treatment method, and geography. By product type, the market includes segments such as packaging, construction, automotive, and electrical & electronics. In terms of source, it is divided into industrial and municipal waste. The material segment encompasses polypropylene, polyethylene terephthalate, polystyrene, and polyethylene, among others. The treatment method category includes collection, recycling, and disposal. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, with market size and forecasts provided in USD billion.
Market Forecast and Key Dynamics:
Government initiatives and industry efforts are paving the way for market growth. Many food and beverage companies are working to increase the amount of recycled plastic in their products as part of their sustainability strategies. For example, in July 2021, Coca-Cola announced plans to triple the amount of recycled plastic in its bottles. Currently, 30% of its bottles are made from recycled plastic, a figure expected to rise to 60% by the end of 2022. These initiatives are likely to drive market growth during the forecast period.
Additionally, the rapid expansion of urbanization and industrialization is fueling the growth of the plastic waste management market. Growing awareness of the environmental impacts of plastic has led to an increased demand for effective waste management solutions. Factors such as rising populations, the emergence of recycling and reuse practices, and increasing income levels are also expected to contribute to the market’s value growth.
Plastic Waste Management Market Regional Insights
Asia Pacific is projected to lead the plastic waste management market, with a robust CAGR of 4.4% over the forecast period, driven by increasing industrialization and the enforcement of stringent regulations regarding waste management and disposal. Countries like China, Japan, and India are contributing to the market’s growth due to rising disposable incomes and a heightened focus on waste management practices. Meanwhile, North America is expected to witness rapid growth from 2024 to 2030, supported by various government initiatives and stringent regulations aimed at reducing carbon emissions.
Plastic Waste Management Market Segmentation
by Source
Industrial Waste
Municipal Waste
by Material
Polyethylene
Polypropylene
Polyethylene Terephthalate
Polystyrene
Other
by Source Type
Packaging
Construction
Automotive
Electrical &Electronics
Others
by Treatment Type
Collection
Recycling
Disposal
To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/Plastic-Waste-Management-Market/887
Plastic Waste Management Market Key Players
Veolia (France)
SUEZ (France)
WM Intellectual Property Holdings( U.S)
LUXUS (UK)
Reprocessed Plastic (US)
Republic Services (US)
Waste Connections (Canada)
Clean Harbors (US)
Biffa (UK)
Covanta Holding Corporation (US)
Waste Care (UK)
Others
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Plastic-Waste-Management-Market/887
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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