The Global Plastic Waste Management Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was valued at USD 33.45 Billion in 2022, registering a CAGR of 4.5% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period, 2023 to 2032.
Plastic Waste Management Market is influenced by improved economic conditions, demographic and socio-economic changes, and environmental concerns. The use of plastic has increased drastically over the past 50 years. The municipal solid waste that is made of plastic has also increased. It is directly or indirectly affecting living organisms all over the ecosystem, including marine life. Plastic products such as contained and packaging (soft drink bottles, lids, and shampoo bottles) and medical devices can be recycled. Plastic waste is being used for making roads. Plastics that are not decomposable or cannot be recycled can be used to build roads with the help of other plastic composites and materials.
The global plastic waste management market is expected to grow significantly during the forecast period. The market has been segmented based on trends that the market is witnessing. Consumers are aware of plastic waste management and its utilization.
Segment Analysis
Based on polymer type, the plastic waste management market has been segmented into high-density polyethylene (HDPE), low-density polyethylene(LDPE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), polyurethane (PUR), and others. On the basis of source, the market has been segmented into residential, commercial, industrial, and others. The market has been categorized based on service into collection & transportation, recycling, incineration, disposal, and others. The plastic waste management market has been segmented on the basis of end-use industry into packaging, furniture, automotive, buildings & construction, and others.
Key Factors Impacting Market Growth:
- Increasing environmental concerns over the disposal of plastic waste
- Rise in demand for recycled plastics for infrastructural activities
Regional Analysis:
The plastic waste management market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the plastic waste management market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include packaging, furniture, automotive, building & construction, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the plastic waste management market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.
Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Packaging, furniture, automotive, building & construction are some of the major industries in the region with strong potential for plastic waste management market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from automotive, packaging, furniture, building & construction.
Companies Covered: Republic Services Inc., Veolia Environnement S.A., Waste Management Inc., Progressive Waste Solution Ltd, and Covanta Holding Corporation…
Market Segmentation:
By Polymer Type:
- High Density Polyethylene (HDPE)
- Low Density Polyethylene(LDPE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Polyurethane (PUR)
- Others
By Source:
- Residential
- Commercial
- Industrial
- Others
By Service:
- Collection & Transportation
- Recycling
- Incineration
- Disposal
- Others
By End-Use Industry:
- Packaging
- Furniture
- Automotive
- Building & Construction
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Polymer Type
- By Source
- By Service
- By End-Use Industry
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Polymer Type
- By Source
- By Service
- By End-Use Industry
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Polymer Type
- By Source
- By Service
- By End-Use Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Polymer Type
- By Source
- By Service
- By End-Use Industry
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Polymer Type
- By Source
- By Service
- By End-Use Industry
- Rest of the World
- By Region (South America, Africa)
- By Polymer Type
- By Source
- By Service
- By End-Use Industry
To Buy This Report:
- Market size estimation of the plastic waste management market on regional and global basis
- Unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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