Global Plastic Waste Management Market Overview
In the everyday life the plastic has become one of the important factor for the daily needs for the packaging and manufacturing the products. The major drawback of the waste plastic is non degradable which can lead to enormous ecological crises all over the world. The rate of generation of the plastics in the whole world generates by the automobile, electronics, agriculture, packaging, constructions, and electronics.
Global Plastic Waste Management Market Drivers & Restraints
Increasing population and industrialization
Rise in population and rapid industrialization the usage of plastic increases due to rise in using plastic generates the plastics waste. Additionally, the urbanization of the population can also generates the plastic waste which is the major driving factor for the growth of the target market.
Stringent government rules and regulations
For the usage of plastics government has stringent government rules and regulations which is another factor expected to fuels acceptance for waste management services and drives growth of the plastic waste management market during the forecast period.
Lack of infrastructure for proper plastic waste management
Improper plastic waste management causes the land pollution and water, and produce harmfull gases like Sulphur dioxide, carbon monoxide, phosgene, and other toxic oxides in the environment that can affect ecosystems which is the restraining factor for the growth of the global market.
Global Plastic Waste Management Market Segmentations & Regional Insights
Plastic waste management market is segmented based on service, source, end -use application, and region.
On the basis of service, the plastic waste management market is segmented into collection, recycling, incineration, and disposal. Based on source, the target market is segmented into commercial, residential, and industrial. Based on the end -use application, the target market is bifurcated into packaging, construction, and textile.
Regional Insights:
On region the plastic waste management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is dominating the plastic waste management market due to well-established rules and regulations by the government. Asia pacific region is anticipated to show important growth for the plastic waste management over the forecast period due to government initiatives and spread awareness about plastic waste management through various programs.
Attribute |
Details |
Base year for estimation |
2019 |
Forecast period |
2019 – 2029 |
Market representation |
Revenue in USD Billion & CAGR from 2019 to 2029 |
Market Segmentation |
By Service- Collection, Recycling, Incineration, and Disposal By Source – Commercial, Residential, and Industrial By End -use Application – Packaging, Construction, and Textile |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the plastic waste management market report based on service, source, end-use application, and region:
Plastic Waste Management Market, By Service:
- Collection
- Recycling
- Incineration
- Disposal
Plastic Waste Management Market, By Source:
- Commercial
- Residential
- Industrial
Plastic Waste Management Market, By End-use Application:
- Commercial
- Residential
- Industrial
Plastic Waste Management Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Plastic Waste Management Market Competitive Landscape & Key Players
The key players operating the plastic waste management market includes Veolia Environnement S.A., SUEZ Environnement Company, Waste Management Inc., Republic Services Inc., Stericycle Inc., ADS Waste Holdings, Inc., Remondis SE & Co. KG, Clean Harbors Inc., Hawkvale Limited, Hahn Plastics Limited. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, on 6 March, Veolia Environnement S.A., in Brussels, the French, Danish and Dutch environment ministers officially initiated the European Plastics Pact.
Global Plastic Waste Management Market Company Profile
- Veolia Environnement S.A.
- SUEZ Environnement Company
- Waste Management Inc.
- Republic Services Inc.
- Stericycle Inc.
- ADS Waste Holdings, Inc.
- Remondis SE & Co. KG
- Clean Harbors Inc.
- Hawkvale Limited
- Hahn Plastics Limited
Global Plastic Waste Management Market Highlights
FAQs
Plastic waste management market accounted for US$ 31.5 billion in 2019 and is estimated to be US$ 38.5 billion by 2025 and is anticipated to register a CAGR of 4.0%.
The market report has been segmented on the basis of services, source, end- use application, and region.
Factors driving the Plastic Waste Management Market include increasing awareness of environmental issues, government initiatives for plastic waste reduction, and growing demand for recycled plastic products.
Infrastructure development, lack of proper recycling facilities, and difficulties in managing diverse types of plastic waste act as restraints to the Plastic Waste Management Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Plastic Waste Management Market, driven by the high production and consumption of plastics in the region, coupled with increasing environmental concerns.
The prominent player operating in the plastic waste management market includes Veolia Environnement S.A., SUEZ Environnement Company, Waste Management Inc., Republic Services Inc., Stericycle Inc., ADS Waste Holdings, Inc., Remondis SE & Co. KG, Clean Harbors Inc., Hawkvale Limited, Hahn Plastics Limited.