The global Plastic Waste Management market is expected to develop USD 45.54 billion by 2029, at a compound annual increase in price (CAGR) of 3.4% throughout the forecast period.
.jpg "The Global Plastic Waste Management Market 2019-2029 (USD Billion)")
Plastic is used extensively for several domestic and industrial purposes, but plastic waste has become a major concern in developing countries. Plastic waste dumped in coastal regions is making its ways to oceans and rivers and polluting them. Plastic is non-degradable and releases toxins which are harmful to human and animal health thus, plastics waste issue needs to be dealt with smart solutions like recycling, burning in incinerators, ban of plastic bags and promoting paper or fabric bags. Rising urbanization, industrialization and increasing awareness among people are some of the reasons demanding growth of plastic management companies around the globe.
Furthermore, these bins for private households with modern sensor technology or in other words smart bins have been adopted only by a few countries including Santander in Spain and Montreal in Canada. However, in several regions smart bins are being implemented in public places.
Rising urbanization across the globe is demanding smart waste management solutions in order to create higher operational efficiency as well as waste reduction in cost effective methods. Moreover, these days majority of municipal waste collection operates aiming on clearing the containers as per predefined timetables. However, certainly this is inefficient process to empty the half-full bins by making unnecessary use of city assets as well as excessive fleet fuel consumption.
The global plastic waste management industry is segmented into several classifications including polymer type, services, sources, end-use sector industry, and regional analysis. Based on the product type the market is categorized by polystyrene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. On the basis of services segment analysis the market is divided into landfills, collection, recycling, and energy recovery. Furthermore, source segment analysis the market is classified into industrial, residential, commercial & institutional, and others. Based on the regional analysis, the market is widely range to Europe, Germany, UK, Italy, France, Spain, Rest of Europe, North America, US, Canada, Mexico, Asia Pacific, Japan China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa, South America, Argentina, Brazil, Chile, Rest of South America.
Leading players of the global plastic waste management market include TM Recycling GmbH., Kuusakoski Group, Hermion BV., PLASgran Ltd., Think Plastics Inc., Hawkvale Limited, Hahn Plastics Limited, Renova, Inc., Luxus Limited, United Plastic Recycling, and more others.
Plastic Waste Management Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2029 |
| Study Period | 2018-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | USD 45.54 billion |
| Growth Rate | CAGR of 3.4 % during 2019-2029 |
| Segment Covered | By Polymer Type, End-Use Sector, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Veolia (France), SUEZ (France), WM Intellectual Property Holdings, L.L.C. (U.S.), LUXUS Ltd. (UK)., Reprocessed Plastics, Inc. (U.S.), Republic Services, Inc., (U.S.), Waste Connections (Canada), Clean Harbors, Inc., (U.S.), Biffa (UK), Covanta Holding Corporation (U.S.), Stericycle, Inc., (U.S.), and Remondis SE & Co. KG (Germany), B. Schoenberg & Co., Inc. (U.S.), REPLAS (Australia), Clear Path Recycling (U.S.), CUSTOM POLYMERS (U.S.), Vanden Global Ltd. (China), WasteCare (UK)., PLASgran Ltd. (UK) and REMONDIS SE & Co. KG (Germany) |
Key Segmentation of the Global Plastic Waste Management Market
Global Plastic Waste Management Market: Polymer Type Segment Analysis
- Polystyrene (PS)
- Polypropylene
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
Global Plastic Waste Management Market: Services Segment Analysis
- Landfills
- Collection
- Recycling
- Energy Recovery
Global Plastic Waste Management Market: Source Segment Analysis
- Industrial
- Residential
- Commercial & Institutional
- Others
Global Plastic Waste Management Market: End-Use Sector Industry Segment Analysis
- Wood and Furniture
- Textiles
- Construction
- Packaging
- Others
Global Plastic Waste Management Market: Regional Analysis
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- North America
- US
- Canada
- Mexico
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Latin America
Frequently Asked Questions (FAQ) :
TM Recycling GmbH., Kuusakoski Group, Hermion BV., PLASgran Ltd., Think Plastics Inc., Hawkvale Limited, Hahn Plastics Limited, Renova, Inc., Luxus Limited, United Plastic Recycling are a few major players in plastic waste management market.
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The base year for the report is 2023 in plastic waste management market.