A new report titled Global Plastic Waste Management Market research report published by Reports and Data offers accurate estimations of the growth rate and market size over the forecast period. The objective of this report is to help readers improve their industry’s performance by focusing on important business parameters including technological advancements, current market trends, limitations, and key players over the forecast period. Primary and secondary research techniques were used to effectively examine the desired data.
The plastic waste management market size is expected to reach USD 47.76 billion in 2028 and register a revenue CAGR of 4.3% over the forecast period, according to the latest report by Reports and Data. Growing demand for plastics from household and commercial sectors is a key factor driving market revenue growth. Plastic is an essential part of everyday life, and most of the things consumed are being made of or packaged in plastic materials. Plastic waste is non-biodegradable and can cause widespread environmental disasters. The whole world produces large amounts of plastic waste, which comes from households and industrial sectors such as electronics, packaging, automobiles, agriculture, and construction. Technological advancements and the emergence of novel systems for sorting, reprocessing, and collecting recyclable plastics are opening new options in connection with public health, economic, conservation, and industrial policies. Some factors such as rapid urbanization, industrialization, and increasing awareness of environmental hazards are driving market revenue growth.
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The global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population explosion along with rapid economic growth is expected to propel market growth. Moreover, the growing urbanization, rapid industrialization, and high investment in infrastructure development create market demand over the forecast period.
The report offers precise information about each market player along with global position, business expansion plan, license agreement, research and development investments, and product base expansion plans. The global Plastic Waste Management market is extremely competitive and comprised key operating at global and regional levels. Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to maintain their market position as well as enhance their product base.
The top 10 leading companies profiled in the report include Veolia Environnement S.A., Waste Management, Inc., SUEZ, Republic Services, Clean Harbors, Inc., Biffa plc, Covanta Holding Corporation, Stericycle, Inc., Remondis SE & Co. KG, and ADS Waste Holdings, Inc.
Polymer Type Outlook (Revenue, USD Billion; 2018-2028)
- Polypropylene (PP)
- Polyurethane (PUR)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
Service Outlook (Revenue, USD Billion; 2018-2028)
Source Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
- Building & Construction
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- What is the expected market size of the global Plastic Waste Management market during the forecast period?
- Which key factors are expected to fuel market growth throughout the forecast period?
- Which factors are expected to hamper the growth of the global Plastic Waste Management market between 2021 and 2028?
- Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
- Which region is expected to register the fastest revenue CAGR over the forecast period?
- Which leading players are operating in the global Plastic Waste Management market?
- What are the key outcomes of SWOT analysis and Porter’s Five Force model?
Plastic Waste Management Market Segmentation Based on Regions:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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