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Monday, November 15, 2021

Global Plastic Waste Management Market to be Driven by Rapid Industrialization, Expanding Urbanisation, and Growing Concern About the Environmental Impact of Incorrect Plastic Waste Management in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Plastic Waste Management Size, Share, Price, Trends, Growth, Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global plastic waste management market, assessing the market based on its polymer type, service and equipment, source, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

•    Historical Market Size (2020): USD 32.9 Billion
•    Forecast CAGR (2021-2026): 3.04%
•    Forecast Market Size (2026): USD 39.4 Billion

Plastic garbage output has increased as a result of factors such as expanding urbanisation, industrialisation, economic expansion, and people's changing lifestyles, posing an increasing environmental concern. As a result of the increasing requirement for plastic waste management as a result of increased plastic waste output, the sector is predicted to rise.

Industry Definition and Major Segments

The increased use of plastic is generating plastic garbage, which is non-biodegradable and is responsible for considerable greenhouse gas emissions, which can lead to massive ecological problems. As a result, the growing requirement for appropriate plastic waste disposal management is expected to drive the market throughout the forecast period.

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The industry can be broadly categorised based on its polymer type into:

•    Low-Density Polyethylene (LDPE) 
•    Polyvinyl Chloride (PVC) 
•    Polystyrene (PS) 
•    Polypropylene (PP) 
•    High-Density Polyethylene (HDPE)
•    Polyethylene Terephthalate (PET)
•    Others

The industry can be segmented on the basis of its service and equipment as:

•    Collection        
•    Recycling
•    Incineration
•    Disposal
•    Others

The industry can be divided based on its source as:

•    Residential
•    Industrial
•    Commercial and Institutional
•    Others

The industry can be categorised on the basis of its end-use as:

•    Building and Construction
•    Automobile
•    Packaging
•    Textile and Clothing
•    Wood and Furniture
•    Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

The packaging segment of the recycled plastic trash market is expected to develop at the greatest CAGR in terms of value during the forecast period, based on end-use application. The demand for recycled plastics is fueled by a variety of benefits (such as reduced pollution and reduced reliance on fossil fuels) and its widespread use in sustainable packaging solutions.

Growing population, expanding GDP, and rising disposable income in Asia Pacific are causing more solid waste (including plastic garbage) to be generated, which is presenting prospects for the region's market. The growth of various ways of plastic waste management is being fueled by infrastructure development in Asia Pacific's underdeveloped and developing countries.

Key Market Players

The major players in the market are Waste Management, Inc. (NYSE: WM), Republic Services, Inc., Clean Harbors, Inc., Advanced Disposal Services, Inc., Remondis SE & Co. KG, Suez S.A., Clear Path Recycling, LLC, Carbon LITE Industries, Veolia Environnement S.A. and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

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Contact Person: Mathew Williams, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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