According to a new market research report, the “Plastic Waste Management Market by Service (Collection, Recycling), By Polymer Type (PP, LDPE), By Source (Residential, Commercial, Industrial), By End-Use Applications (Packaging, Building & Construction), Region – Global Forecast to 2024″, The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. The increasing urban population, rapid industrialization, growing concern toward the environmental impact of the improper disposal of plastic waste, along with laws & regulations regarding disposal and treatment of plastic waste, have propelled the growth of the global plastic waste management industry.
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- 142 Market data Tables
- 36 Figures
- 179 Pages and in-depth TOC on “Plastic Waste Management Market – Global Forecast to 2024″
This report also provides a comprehensive analysis of the companies listed below:
Veolia Environnement S.A. (France), SUEZ Environnement Company (France), Waste Management, Inc. (US), Republic Services Inc. (US), and Waste Connections Inc (Canada). Other notable players in the market are Clean Harbors, Inc. (US), Biffa PLC (UK), Covanta Holding Corporation (US), Stericycle Inc. (US), and Remondis SE & Co. KG (Germany).
These players have adopted numerous growth strategies such as expansions, new product & service developments, acquisitions, partnerships, contracts, and joint ventures to increase their market shares and enhance their service portfolios. Expansions, new product & service developments, acquisitions, partnerships, contracts, and joint ventures are some of the major strategies adopted by these key players to enhance their position in the plastic waste management industry.
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The polypropylene (PP) segment is projected to grow at the highest CAGR from 2019 to 2024
The PP segment is expected to grow at the highest CAGR during the forecast period, in terms of both value and volume. The growth of this segment is attributed to its excellent chemical resistance and weldability and growing applications in packaging, automotive, industrial, and furniture industry. These factors are expected to drive demand during the forecast period.
In terms of value and volume, the Asia Pacific region is projected to lead the market during the forecast period.
Asia Pacific is projected to dominate the market during the forecast period. This is attributed to the increasing urbanization in China and India, the growth in disposable income, and the spreading awareness about the importance of waste management are driving the growth of the Asia Pacific plastic waste management market in these countries. Other factors include the rapid industrialization and the imposition of strict laws pertaining to waste management, and disposal processes are projected to drive the demand for plastic waste management industry in the region.
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