Plastic Waste Management Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Plastic Waste Management Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Plastic Waste Management Market Information: by Service & Equipment (Collection, Recycling, Incineration, Disposal), Polymer (PP, LDPE, HDPE), Source (Commercial, Residential, Industrial), End-Use Sector (Packaging, Construction, Textile) and by Region – Global Forecast to 2023.
SUEZ Environnement Company (France), Veolia Environnement S.A. (France), Waste Management Inc. (US), Stericycle Inc. (US), Republic Services Inc. (US), ADS Waste Holdings, Inc. (US), Clean Harbors Inc. (US), Remondis SE & Co. KG (Germany), Hawkvale Limited (UK), Progressive Waste Solutions Ltd. (Canada), Hahn Plastics Limited (UK), Covanta Holding Corporation (US), Luxus Limited (UK), United Plastic Recycling, Inc. (US)and PLASgran Ltd. (UK) are some of the leaders driving the Global Plastic Waste Management Market. Profiling them in its analysis MRFR finds out their strategies helping them to keep at the forefront of the completion.
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Plastic Waste Management Market – Synopsis
Plastic Waste Management market is growing rapidly mainly due to the Well spread awareness among people towards the benefits of plastic waste management backed by the various governmental initiatives to implement waste management programs and stringent regulation to curtail carbon emission. The effective outreach programme features offered by the various key players operating in the market, are in turn, paying off well, increasing the market size.
Acknowledging the sedulous seminal efforts of the key players mentioned above; Market Research Future (MRFR) published a study report recently. In its analysis, MRFR asserts that the global Plastic Waste Management market further garnering extensive traction; will accrue enormously by 2023 posting a approximately 3% of A CAGR during years – 2017-2023.
In addition, other factors contributing the market growth include, increasing population coupled with the growing urbanization & industrialization worldwide. Improving economy worldwide, has allowed people to adopt quality life style increasing their purchasing power and affordability. This has prompted the growing utilization of quality products, in turn, creating the need for plastic waste management & eventually increasing the market growth.
Moreover, the numerous systems implemented over the past decade such as technology, techniques & processes used for recycling Plastic Waste has proven to be significantly effective in controlling the plastic waste ended at the landfills. This factor is one of the key propeller of the market. With the population upsurge, ecological concerns are worsening worldwide. This has further prompted the need to use the available energy resources wisely while controlling the wastages.
Plastic Waste Management Market – Competitive Analysis
The competitive market of Plastic Waste Management appears to be fragmented with the matured & small key players along with the new entrants forming a competitive landscape. Through acquisition, strategic partnership, expansion, product/technology launch &collaboration, these players try to gain competitive advantage. Heavy investments are transpired in the R&D to develop a completely different technology compared to their competition.
April 16, 2018 – Environment Ministry, India notifying the amended Rules on plastic waste management has shown that the country is finally getting serious about the tonnes of plastic waste created every year. Amended Plastic Waste Management Rules, 2018, specify phasing out of those MLPs (multi-layered plastics) that are “non-recyclable, non-energy recoverable or with no alternate use.
April 16, 2018 – National Geographic (US) the media giant and acclaimed science and environment magazine announced that it has started a joint venture with the well-known Sky’s Group to fight against plastic waste with a $10 million collaborative investment. The National Geographic Society has committed the funds to help bring its scientific expertise to back Sky Ocean Ventures launched in March 2018 to solve the ocean plastic crisis.
April 16, 2018 – UK government announced launching of the programme towards cleaning the world’s oceans of plastics, Resource with the investments of £61.4 Million.
Global Plastic Waste Management Market – Segmentations
For the convenience of the report and enhanced understanding; the report is segmented in to 5 key dynamics
By Service & Equipment : Comprises Collection, Recycling, Incineration, & Disposal among others.
By Polymer Types : Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and Polyvinyl Chloride (PVC) among others.
By Sources : Commercial, Residential, and Industrial among others.
By End User Sectors : Building & Construction, Packaging, Textile & Clothing, and Automobile, among others
By Regions : North America, Europe, APAC and Rest of the World.
Segment – Recycling by Service & Equipment will be the leading segment in the global plastic waste management market, owing to the growing awareness towards the advantages of recycling coupled with the augmenting government initiatives, promoting the recycling projects.
Segment – Polypropylene by Polymer Types, accounted for the largest market share in 2016 due to high availability at the low-cost. The segment is expected to register the fastest growth rate
Segment – Residential, dominated the segment – Sources in 2016 owing to the rising urbanization coupled with the residential waste. Continuing with the same growth trends, the segment is expected to perceive a phenomenal growth during the review period.
Segment – Packaging by End User Sectors, accounted for the highest share in 2016 owing to the wide uptake of the plastic material in a range of applications in the packaging sector, which allows recycling post the primary application. The segment is further expected to grow rapidly during forecast period 2017-2023.
Global Plastic Waste Management Market – Geographical Analysis
The North America market leads the global Plastic Waste Management market with the largest market share. The market is growing due the favourable regulations coupled with the rising awareness among the population towards bio-hazards of plastic waste in the region. The region is expected to retain its dominance during the forecast period.
While the Europe market stands the second largest market for Plastic Waste Management, attributing to the augmenting penetration of end user sectors especially, in the UK & Germany. Continuing with the same growth trends the market will register the highest CAGR in the next six years.
Whereas the Asia-Pacific market for Plastic Waste Management, emerging as the fastest growing market will account for a substantial market share in the next six years. The regional market growth attributes to the intensive governmental programs to control the plastic waste.
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