Plastic Waste Management Industry is Growing Rapidly by Forecasted Period

“Plastic Waste Management Industry”
Plastic Waste Management Market, by Services (assembly and recycling), by polymer type (PP, LDPE, HDPE, PVC and others), by end user (packaging, construction and textile, automobile, others) and Regions- Forecast 2016-2023

Market Highlights

The global market of plastic waste management is growing rapidly and focusing on scrap recycling. Such plastic waste management system accounts for features such as reuse, and reduction of waste which can again be used in organizations. The enhanced recycling rate provides an ideal opportunity as well as creates jobs. Additionally, it offers improved plastic waste management by reducing the consumption of fossil fuels and greenhouse gas emissions. Moreover, recycled plastics have gaining popularity among end-users in packaging, textiles, and construction, wood & furniture and agriculture industries. Furthermore, proper and efficient plastic recycling helps to mitigate various environmental threats like global warming, ozone layer depletion, thereby helping in boosting the plastic waste management market. Factors such as low cost and variety of functions, growing demand for recycled plastic are also pushing the market towards growth. Government initiatives such as “Reduce, Reuse, & Recycle”, undertaken for plastic waste management, emphasize on conservation of natural resources and reduces pollution. 

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Key Players

  • Veolia Environnement S.A. (France)
  • SUEZ Environnement Company (France)
  • Waste Management Inc. (U.S.)
  • Republic Services Inc. (U.S.)
  • Stericycle Inc. (U.S.)
  • ADS Waste Holdings, Inc. (U.S.)
  • Remondis SE & Co. KG (Germany)
  • Clean Harbors Inc. (U.S.)
  • Hawkvale Limited(UK)
  • Hahn Plastics Limited(UK) 

Market Research Future Analysis:

Market Research Future analysis shows that the global market of plastic waste management market is estimated to grow at significant pace in the forecasted period. Plastic Waste management helps to reduce carbon dioxide emission and quantity of waste. Since plastic has plenty of applications, in automotive, healthcare, defense, and energy industries, recycling of plastic materials is the most important from an environmental point. Laws & regulations enforced by the governments acting as a major driver for the growth of the market 

Regional Analysis

Asia-Pacific is expected to grow rapidly during the forecast period. A shift in recycled plastic production growing in China and India, due to the demand and lower labor costs, along with the low environmental, health and safety costs pushing the market towards growth. Moreover, factors such as environmental issues and the improved quality of recycled plastic. The growing emphasis on sustainability, improvements in processing and a broader variety of plastic recycled products are also some major factors which drive the market of plastic waste management. This regional shift is also projected to drive future growth of recycled plastic market. 

Taste the market data and market information presented through more than 20 market data tables and 20 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Plastic Waste Management Report -Forecast to 2023”. 

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