Global Plastic Waste Management Market, By Polymer Type (Polystyrene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Others), Services (Landfills, Collection, Recycling, Energy Recovery), Source (Industrial, Residential, Commercial and Institutional, Others), End-use Sector (Wood and Furniture, Textiles, Construction, Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Plastic waste management market will reach an estimated valuation of USD 33.28 Billion by 2027, while registering this growth at a rate of 3.20% for the forecast period of 2020 to 2027. Plastic waste management market report analyses the growth, which is currently being growing due to the increasing industrialization and urbanization, and environmental concerns related to plastic waste management.
Plastic waste management involves various activities including plastic waste processing and plastic waste disposal in order to reuse the products made of plastic instead of dumping this plastic waste into water bodies, and landfills. The recycled plastic is used in the manufacturing of new products.
Awareness about environmental issues associated with plastic and government implementing strict regulations regarding the plastic disposal and management and recycling of toxic materials are the key factors driving the plastic waste management market in the forecast period of 2020-2027. The adoptions of bottles made by recycled plastics over the ones made by polymers using oil products due to the lesser production of CO2 and growing demand by packaging industry for recyclable raw materials are also accelerating the market growth. Additionally, rise in industrialization and urbanization also influences the plastic waste management market.
Furthermore, the emergence of circular economy, initiation of private and public sector partnership in regards of waste management and growing demand for waste management in the developing nations extend profitable opportunities to the market players.
On the other hand, absence of essential framework for segregation and collection of plastic waste material, less number of participation from source industry, lack of skilled workforce and fewer treatment plants for the recycling plastic are factors expected to obstruct the market growth. The major challenges that the plastic waste management market may face are the management of present hazardous substances and high cost of recycled plastic.
This plastic waste management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on plastic waste management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Plastic Waste Management Market Scope and Market Size
Plastic waste management market is segmented on the basis of polymer type, services, source and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of polymer type, the plastic waste management market is segmented into polystyrene (PS), polypropylene, polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others.
- On the basis of services, the plastic waste management market is segmented into landfills, collection, recycling, and energy recovery.
- On the basis of source, the plastic waste management market is segmented into industrial, residential, commercial & institutional, and others.
- On the basis of end-user, the plastic waste management market is segmented into wood and furniture, textiles, construction, packaging, and others.
Global Plastic Waste Management Market Country Level Analysis
Plastic waste management market is analyzed and market size, volume information is provided by country, polymer type, services, source and end user as referenced above.
The countries covered in the plastic waste management market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is dominates the plastic waste management market due to the rapid industrialization and disposable income. North America is expected to grow with the highest CAGR because of the various governmental initiatives and stringent regulation associated with carbon emission.
The country section of the plastic waste management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Waste Management Market Share Analysis
Plastic waste management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic waste management market.
The major players covered in the plastic waste management market report are B. Schoenberg & Co., Inc., REPLAS, Clear Path Recycling, CUSTOM POLYMERS, LUXUS Ltd., KW PlasticsShanghai Pret Composites Co., Ltd., Reprocessed Plastics, Inc., Vanden Global Ltd., WasteCare., Advanced Environmental Recycling Technologies, Inc., PLASgran Ltd., Carbonlite Inc., wTe Corporation, Kuusakoski, Republic Services, Inc., 4G Recycling Inc., TerraCycle, Veolia SUEZ, WM Intellectual Property Holdings, L.L.C., CLEAN HARBORS, INC., Stericycle, Biffa, REMONDIS SE & Co. KG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Plastic Waste Management Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.