The Plastic Waste Management Global Market Report 2023, provides comprehensive information on the plastic waste management market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s insightful Plastic Waste Management Global Market Report for the year 2023, the global plastic waste management market is poised for measured yet consistent growth. In 2022, the market size was valued at $35.37 billion, and projections indicate that it will ascend to $36.72 billion by 2023. This progression is indicative of a commendable compound annual growth rate (CAGR) of 3.8%, which reflects the ongoing efforts to address the mounting challenges posed by plastic waste.
However, the global economic landscape is not devoid of disruption, with the Russia-Ukraine conflict exerting its influence, particularly on the short-term prospects of recovery from the COVID-19 pandemic. The economic repercussions of this geopolitical strife are far-reaching, encompassing sanctions on multiple nations, a surge in commodity prices, and disruptions in global supply chains, thereby contributing to inflationary pressures across various sectors and services worldwide.
Nonetheless, the plastic waste management sector is primed for an upward trajectory, with estimations pointing to a market size of $43.9 billion by 2027, underscored by a CAGR of 4.6%. This enduring growth trajectory underscores the importance of responsible plastic waste management in a world grappling with environmental challenges and economic complexities. It is a testament to the industry’s resilience and its pivotal role in addressing these critical global concerns.
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The landscape of plastic waste management is undergoing a transformative shift, with technological advancement at its forefront. In this dynamic sector, key players are diligently leveraging cutting-edge technologies to fortify their market positions. Notably, these industry leaders are embracing an array of sophisticated tools, including machine learning, artificial intelligence (AI), satellite mapping, blockchain, nanotechnology, genetic modification of chemicals, among others. These technologies collectively contribute to the pivotal mission of reducing environmental harm associated with plastic waste, paving the way for more sustainable and effective management strategies.
An exemplar of this technological evolution comes from Unilever’s collaboration with the Alibaba Group in January 2021. Together, they introduced China’s pioneering large-scale closed-loop plastic recycling system, which harnesses the power of AI. This innovative system deploys AI-equipped machines for sorting and storage, autonomously identifying various plastic bottle types. These bottles are subsequently directed to recycling centers, where they are rejuvenated and reintegrated into the product cycle, reducing the need for degradation. This progressive partnership showcases the potential of technology in reshaping the landscape of plastic waste management, underlining the sector’s commitment to sustainable practices and environmental stewardship.
The plastic waste management market is segmented:
1) Plastic Waste Management Market By Services: Collection, Recycling, Incineration, Landfills
2) Plastic Waste Management Market By Source: Residential, Commercial, Industrial
3) Plastic Waste Management Market By Polymer: Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Terephthalate (PET), Other Polymers
4) Plastic Waste Management Market By End User: Packaging, Textile, Consumer Product, Transportation, Building And Construction, Electrical And Electronics, Other End User
Top Major Players
North America was the largest region in the plastic waste management market in 2022.
The table of contents in TBRC’s plastic waste management market report includes:
1. Executive Summary
2. Plastic Waste Management Market Characteristics
3. Plastic Waste Management Market Trends And Strategies
4. Plastic Waste Management – Macro Economic Scenario
5. Plastic Waste Management Market Size And Growth
….
26. Africa Plastic Waste Management Market
27. Plastic Waste Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plastic Waste Management Market
29. Plastic Waste Management Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Plastic Waste Management Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Plastic Waste Management Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Plastic Waste Management Market, Segmentation By Polymer, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……
Table 47: Veolia Environnement SA Financial Performance
Table 48: PLASgran Ltd Financial Performance
Table 49: SUEZ Environnement Company Financial Performance
Table 50: Republic Services Inc Financial Performance
Table 51: Clean Harbors Inc Financial Performance
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