The global plastic waste management market size is
anticipated to reach USD 42.2 billion by 2027, expanding at a CAGR of 3.1%,
according to a new report by Grand View Research, Inc. Economic growth, rising
industrialization, increasing urbanization, and growing health awareness are
the major factors, which are likely to boost market growth over the forecast
period.
Regulations pertaining to each end-use
industry, along with other specifications pertaining to plastic waste
management are expected to create opportunities in the market. Increasing
awareness towards sustainable advantages and benefits of reusing and recycling
are projected to drive the market.
Plastic waste management is a collective
approach to recycle the plastic or to generate energy through incineration. In
addition, such recycling of waste will help save resources and protect the
environment. Moreover, it can help reduce the manufacturing cost of companies
by recycling the materials.
Majority of the players operating the industry
cater to commercial, residential, and industrial sectors. The market
concentration in developed economies is growing through consolidation and
companies are outsourcing the waste treatment and disposal services. This, in
turn, is expected to drive the plastic waste management market over the
forecast period.
For full research report on Plastic
Waste Management Market visit here: https://www.grandviewresearch.com/industry-analysis/plastic-waste-management-market
Further key
findings from the report suggest:
- Recycling is anticipated to be the fastest
growing service segment, registering a CAGR of 4.9% over the forecast
period owing to the growing number of recycling plants and stringent
regulations for recycling of plastic
- Based on polymer, the Polypropylene (PP)
segment is anticipated to dominate the market over the forecast period
owing to its increasing in automotive, packaging, and textile industries
on account of excellent chemical resistance
- The packaging end-use segment is anticipated
to be the largest contributor in the market on account of increasing
application of recycled plastics in the form of bottles, containers, bags,
and other packaging products
- In Asia Pacific, the plastic waste management
market is anticipated to register fastest growth of 3.4% over the forecast
period owing to rising GDP, growing population, and increasing disposable
income in the developing economies such as India, China, and Japan
- Key players in the market are focusing on
several strategies including new product developments, new service
developments, expansions, contracts, partnerships, and joint ventures.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/plastic-waste-management-market/request/rs1
Grand
View Research has segmented the global plastic waste management market on the
basis of service, polymer, source, end use, and region:
Plastic Waste
Management Service Outlook (Revenue, USD Million, 2016 - 2027)
- Collection
- Recycling
- Incineration
- Landfills
Plastic Waste
Management Polymer Outlook (Revenue, USD Million, 2016 - 2027)
- Polypropylene (PP)
- Low-density
Polyethylene (LDPE)
- High-density
Polyethylene (HDPE)
- Polyvinyl Chloride
(PVC)
- Polyurethane (PUR)
- Terephthalate (PET)
- Others
Plastic Waste
Management Source Outlook (Revenue, USD Million, 2016 - 2027)
- Residential
- Commercial
- Industrial
Plastic Waste
Management End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Packaging
- Textile
- Consumer Product
- Transportation
- Building &
Construction
- Electrical &
Electronics
- Others
Plastic Waste
Management Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- U.K.
- Asia Pacific
- China
- Japan
- India
- Central & South
America
- Brazil
- Argentina
- Middle East &
Africa
- Saudi Arabia
- UAE
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment