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.
Plastic recycling is important for society because it aids in energy recovery and reduces carbon footprint. For every ton of recyclable plastic, about seven yards of landfill space can be saved and about a certain amount of energy can be saved to manufacture a new kind of plastic material. Plastic is relatively inexpensive and recycled plastics are used to make a wide variety of products such as clothes, bottles, carpets, films, garbage bags, and containers.
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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.
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Polymer Type Outlook (Revenue, USD Billion; 2018-2028)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
Service Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Building & Construction
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Key Points Illustrated in the Regional Analysis:
Regional contribution to the overall market revenue
Forecast revenue share of each regional market
Vital information and data related to the production and consumption rates in all the regions
Factors driving the regional market growth over the forecast period
Leading products and application segments in each regional market
Presence of key market competitors in each of these regions
Plastic Waste Management Market Segmentation Based on Regions:
Middle East & Africa
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