Plastic Waste Management Market Scope
Posted by Nicky Arora on February 9th, 2021
The global plastic waste management market size is anticipated to reach USD 42.2 billion by 2027, expanding at a CAGR of 3.1%, according to a new report by Grand View Research, Inc. Economic growth, rising industrialization, increasing urbanization, and growing health awareness are the major factors, which are likely to boost market growth over the forecast period.
Regulations pertaining to each end-use industry, along with other specifications pertaining to plastic waste management are expected to create opportunities in the market. Increasing awareness towards sustainable advantages and benefits of reusing and recycling are projected to drive the market.
Plastic waste management is a collective approach to recycle the plastic or to generate energy through incineration. In addition, such recycling of waste will help save resources and protect the environment. Moreover, it can help reduce the manufacturing cost of companies by recycling the materials.
Majority of the players operating the industry cater to commercial, residential, and industrial sectors. The market concentration in developed economies is growing through consolidation and companies are outsourcing the waste treatment and disposal services. This, in turn, is expected to drive the plastic waste management market over the forecast period.
View summary of this report, click the link below:
Further key findings from the report suggest:
Grand View Research has segmented the global plastic waste management market on the basis of service, polymer, source, end use, and region:
Plastic Waste Management Service Outlook (Revenue, USD Million, 2016 - 2027)
Plastic Waste Management Polymer Outlook (Revenue, USD Million, 2016 - 2027)
Plastic Waste Management Source Outlook (Revenue, USD Million, 2016 - 2027)
Plastic Waste Management End-use Outlook (Revenue, USD Million, 2016 - 2027)
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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