Plastic Waste Management Market to Reach USD 41.58 Billion by 2027 | Plastic Waste Management Industry Share, Growth Rate and Forecast Report
Key companies covered in plastic waste management market are Biffa PLC (U.K.) Clean Harbors Inc. (USA) Covanta Holdings Corporation (USA) Hitachi Zosen Corporation (Japan) Remondis AG & Co. Kg (Germany) Republic Services Inc. (USA) Stericycle Inc. (USA) ALBA Group (Germany) Recology (USA) TANA Oy (Finland) Envac Group (Sweden) and Other Key Players.
Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) — The global plastic waste management market size is expected to reach USD 41.58 billion by 2027, growing with a CAGR of 3.1% during the forecast period. The growing consumption of plastic products around the world has led to the implementation of waste management, which, in turn, can foster healthy growth for the market.
According to Fortune Business Insights, titled “Plastic Waste Management Market Size, Share & Industry Analysis, By Source (Industrial Waste and Municipal Waste), By Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polystyrene, and Others), By Product Type (Packaging, Construction, Automotive, Electrical & Electronics, and Others), By Treatment Method (Collection, Recycling and Disposal {Landfilling & Incineration}) and Regional Forecast, 2020-2027.” The market size stood at USD 32.91 billion in 2019.
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The Report Lists the Main Companies in the Plastic Waste Management Market:
- Waste Management Inc. (USA)
- SUEZ Group (France)
- Veolia Environment S.A. (France)
- Biffa PLC (U.K.)
- Clean Harbors Inc. (USA)
- Covanta Holdings Corporation (USA)
- Hitachi Zosen Corporation (Japan)
- Remondis AG & Co. Kg (Germany)
- Republic Services Inc. (USA)
- Stericycle Inc. (USA)
- ALBA Group (Germany)
- Recology (USA)
- TANA Oy (Finland)
- Envac Group (Sweden)
The occurrence of coronavirus has caused the world’s economy to tumble down. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2020-2027 |
| Forecast CAGR | 3.1% |
| 2027 Value Projection | USD 41.58 billion |
| Base Year | 2021 |
| Plastic Waste Management Market Size in 2019 | USD 32.91 Billion |
| Historical Data | 2016-2018 |
| No. of Pages | 120 |
| Segments Covered | By Type, End-user and Regional Insights |
| Plastic Waste Management Market Growth Drivers | Construction of Plastic Recycling Plant by SUEZ Group to Bolster Growth |
| Significant Demand for Waste Management Services to Intensify Market |
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Key Development:
June 2019: SUEZ Group announced plans to build a plastic recycling plant in Thailand. The plant will be capable of recycling 30-kilo tons of plastic waste per year.
March 2019: Veolia Environment S.A. and Nestle S.A. entered into a partnership to address the critical issue of flexible packaging plastic waste in eleven priority countries in Asia, Africa, Latin America, and Europe.
Market Driver:
Rising Emphasis on Environmental Conservation to Stimulate Growth
The growing focus of major companies on the plastic value chain to eliminate plastic pollution will intensify the market in the foreseeable future. For instance, in January 2019, over 30 global companies established a new global ‘Alliance to End Plastic Waste’ in London to eliminate plastic pollution, especially plastic entering into oceans.
The initiative involves an investment of US$ 1.5 billion over the next five years. The global participation through strategies will facilitate plastic waste management, education & engagement at all levels of communities, and cleaning up existing concentrated plastic polluted areas. Thus, the growing adoption of plastic waste management services to achieve sustainable goals in the future will facilitate the growth of the market.
Regional Analysis:
High Waste Accumulation to Exhibit Immense Potential for Asia Pacific Market
The market in Asia Pacific is expected to account for the largest share in the global market owing to the rising per capita plastic waste generation in the region. Urbanization & industrialization has resulted in enormous waste accumulation, thus creating opportunities for the market. China is the largest contributor to plastic waste generation, accounting for more than 60% share.
Similarly, India is expected to account for a high market share during the forecast period. The implementation of strict environmental policies in Japan, South Korea, Australia, and New Zealand will aid the expansion of the market in Asia Pacific. However, the lack of proper collection & management as well as the existing ‘throwaway culture’ can hinder the growth of the market in the region.
This Report Answers the Following Questions:
- What are the market opportunities and dynamics?
- Which firms would hold the largest share in the market?
- Which region is set to showcase the highest growth in the global Plastic Waste Management market?
- What are the strategies adopted by prominent players to surge sales of Plastic Waste Management Industry?
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/plastic-waste-management-market-103063
Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends in Global Market
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Key developments: Acquisition, Collaboration, Strategic Partnership, and Joint Venture
- Global Plastic Waste Management Market Analysis, Insights and Forecast – By Source, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Source
- Industrial
- Municipal
- Global Plastic Waste Management Market Analysis, Insights and Forecast – By Material, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Material
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Polystyrene
- Others
- Global Plastic Waste Management Market Analysis, Insights and Forecast – By Product Type, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Packaging
- Construction
- Automotive
- Electrical & Electronics
- Others
- Global Plastic Waste Management Market Analysis, Insights and Forecast – By Treatment Method, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Treatment Method
- Collection
- Recycling
- Disposal
- Landfilling
- Incineration
- Global Plastic Waste Management Market Analysis, Insights and Forecast – By Region, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TOC Continued…!
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