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Plastic Waste Management Market worth $37.9 billion by 2024


(, October 29, 2020 ) The report "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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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 & volume, the recycling segment is projected to grow at the highest CAGR from 2019 to 2024.

The recycling segment of the plastic waste management market is projected 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 the increase in infrastructural development (in terms of setting up recycling plants) in developing and developed countries, growing concerns about the reduction of landfills, and stringent regulations for plastic recycling are expected to drive the demand during the forecast period.

In terms of value and volume, the packaging segment is estimated to lead the plastic waste management market in 2019.

The packaging segment is projected to grow at highest CAGR during the forecast period owing to a wide range of packaging applications of recycled plastics, in the form of containers, bottles, bags, films, and other protective packaging products. The factors mentioned above are expected to drive demand during the forecast period.

Don't miss out on business opportunities in Plastic Waste Management Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Plastic Waste Management Market”
142 - Market Data Tables
36 - Figures
179 - Pages

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.

Companies such as 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) are the key players operating in the plastic waste management market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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