Plastic Waste Management Market size is forecast to reach USD 42 billion by 2027, estimated to grow at a CAGR of 3.5% during 2020-2027.

Introduction of the Plastic Waste Management Market Report

Plastics are considered as an important part of society and have several applications. The growing concern regarding the non-degradability property of plastic is promoting the adoption of different plastic waste management solutions to protect the environment. Plastic waste management is a method used for managing the dispensation, clearance, storage, or allocation of the plastics. It involves various activities, including plastic waste disposal and plastic waste processing, and other activities. This method is used for converting the waste plastic or scrap into a valuable product. Since the plastics are non-biodegradable in nature, it is important that they are recycled as a part of the global efforts for decreasing the plastic in the environment.

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The global plastic waste management market is becoming more mainstream thanks to the stringent policies & regulations enforced by the governments to effectively manage plastic waste material, followed by the rising concerns related to the harmful effects of plastics caused to the environment. The growing level of carbon emission rate is encouraging the adoption of plastic waste management services to minimize the impact of plastics on the environment. Additionally, the rapid urbanization, increasing population rate, and the growing penetration of the industries, especially in the developing economies such as China and India, is further accelerating the demand of the market in the coming years. The rising research & development activities and an increase in the technological advancements in the process of plastic waste management are leading to more efficient recycling of the plastics. In parallel, the rising pandemic of COVID-19 is resulting in the high use of plastics due to the increasing number of online fast food orders. The people are becoming more aware of the benefits associated with the use of plastic waste management methods, which in turn, is inclining the consumers to use recycled plastic rather than using conventional plastic. On the other hand, the lack of proper infrastructure for the plastic waste collection & segregation and high cost associated with the recycling of plastics are the two factors that will hamper the growth of the market.

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Based on the polymer type, the Polypropylene (PP) segment is expected to increase at a higher CAGR during the forecast period owing to the increasing adoption of this polymer for the production of plastic driven by its exceptional properties including good chemical resistance across a diversified range of acids & bases, high flexural strength, resistance to moisture along with its reduced cost and enhanced impact strength.

Based on the end-use application, the Packaging segment is anticipated to grow at a higher CAGR over the forecast period owing to the rising implementation of plastic in this application to preserve or transport products. The increasing concerns among the consumers related to the harmful effects of plastics is leading to the high adoption of recycled plastics. Furthermore, the rising demand for packaged food across several countries is further driving the growth of the market in this segment.

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Based on the region, Asia-Pacific is expected to dominate the market during the forecast period owing to the rising need for plastic waste management as a result of rising population and growth in the disposable income of the consumers, leading to a generation of a large amount of plastic waste. Moreover, the increasing government awareness and initiatives for the adoption of plastic waste management services in countries like India and China is also a key factor fuelling the growth of the plastic waste management market in this region.

Various notable players operating in the market include SUEZ, Veolia, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Clean Harbors, Inc., Stericycle, Covanta Holding Corporation, Waste Connections, Biffa, and REMONDIS SE & Co. KG, among others.

Key Developments:

• • In 2019, SUEZ opened an advanced packaging sorting facility for lightweight packaging in Germany. This facility is incorporated with cutting-edge technology along with having an annual processing capacity of 100,000 tonnes, and it helps in optimizing the sorting of the waste streams for enhanced recovery of waste.
  • In 2019, Veolia entered into a partnership with Nestle that covers the plastic waste collection, sorting, and recycling. The main focus of the companies is on the flexible plastic packaging across eleven priority counties in Asia, Africa, Latin America, and Europe.

The global plastic waste management market has been segmented on the basis of service, polymer type, source, end-use application, and region. Based on the service, the market is segmented into recycling, collection & transportation, landfills/disposal, and incineration. Based on the polymer type, the market is segmented into low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), high-density polyethylene (HDPE), polystyrene (PS), polyurethane (PUR), polyethylene terephthalate (PET), and others. Based on the source, the market is segmented into industrial, residential, commercial & institutional, and others. Based on the end-use application, the market is segmented into building & construction, packaging, automotive, textile & clothing, furniture, and recycled plastics in other end-use applications.

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Key questions answered in this research report:

• • At what pace is the global plastic waste management market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global plastic waste management market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global plastic waste management market?
  • Which polymer type generated maximum revenues in 2019 and identify the most promising polymer type during the forecast period?
  • What are the various end-use application areas of plastic waste management, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 42 billion
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service, By Polymer Type, By Source, By End-Use Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	SUEZ, Veolia, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Clean Harbors, Inc., Stericycle, Covanta Holding Corporation, Waste Connections, Biffa, and REMONDIS SE & Co. KG, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Plastic Waste Management Market by Service

• • Recycling
  • Collection & Transportation
  • Landfills/Disposal
  • Incineration

Global Plastic Waste Management Market by Polymer Type

• • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • High-Density Polyethylene (HDPE)
  • Polystyrene (PS)
  • Polyurethane (PUR)
  • Polyethylene Terephthalate (PET)
  • Others

Global Plastic Waste Management Market by Source

• • Industrial
  • Residential
  • Commercial & Institutional
  • Others

Global Plastic Waste Management Market by End-Use Application

• • Building & Construction
  • Packaging
  • Automotive
  • Textile & Clothing
  • Furniture
  • Recycled Plastics in Other End-Use Applications

Global Plastic Waste Management Market by Region

• • North America Plastic Waste Management Market (Option 1: As a part of the free 25% customization)
    • North America Market by Service
    • North America Market by Polymer Type
    • North America Market by Source
    • North America Market by End-Use Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Plastic Waste Management Market (Option 2: As a part of the free 25% Customization)
    • Europe Market by Service
    • Europe Market by Polymer Type
    • Europe Market by Source
    • Europe Market by End-Use Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Plastic Waste Management Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Market by Service
    • Asia-Pacific Market by Polymer Type
    • Asia-Pacific Market by Source
    • Asia-Pacific Market by End-Use Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Plastic Waste Management Market (Option 4: As a part of the free 25% Customization)
    • RoW Market by Service
    • RoW Market by Polymer Type
    • RoW Market by Source
    • RoW Market by End-Use Application
    • Brazil Market All-Up
    • South Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Plastic Waste Management Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • SUEZ
  • Veolia
  • Republic Services, Inc.
  • WM Intellectual Property Holdings, L.L.C.
  • Clean Harbors, Inc.
  • Stericycle
  • Covanta Holding Corporation
  • Waste Connections
  • Biffa
  • REMONDIS SE & Co. KG