The global plastic waste management market size is expected to reach around US$ 59.24 billion by 2030 from US$ 36.96 billion in 2021 and is expected to grow at an impressive double-digit rate of 5.4% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global plastic waste management market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Report Highlights:
- Based on the polymer type, the polypropylenesegment dominated the global plastic waste management market in 2020 with largest market share. The polypropylene is widely used in a variety of end use industries including packaging, construction, and electronics due to its high-performance features.
- On the basis of end use, the packagingsegment holds the largest market share the global plastic waste management market in 2020. The segment is expected to increase at the quickest rate during the forecast period, owing to the rising use of plastic in the creation of packaging products.
- Asia-Pacific is the largest segment for plastic waste management market in terms of region. The necessity for this form of waste management for plastics in Asia-Pacific is being driven by rising per capita plastic trash creation as well as growing urbanization and industrialization.
- North America region is the fastest growing region in the plastic waste management market. The North American market’s primary growth element is the large presence of solid waste management firms and their distribution network.
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Future of Plastic waste management Market
The enduser demand for a higher percentage of reused plastic in containers is expected to aid the growth of the plastic waste management market over the forecast period. The usage of reused content in bundling reduces the bundle’s natural appearance while increasing reusability. With a growing preference for reused plastic, interest in reused plastic is expected to grow, propelling the global plastic waste management industry. As part of their new cost-cutting strategy, some food and beverage companies are focusing on increasing the amount of reused plastic in their containers. One of the important patterns noticed in the global plastic waste management industry is the use of plastic garbage for street improvement.
COVID-19 Impact Analysis:
- The outbreak of COVID-19 had a substantial impact on global plastic waste management market growth.
- Due to supply chain interruption, the year-on-year growth rate is expected to be lower this year than in previous years.
- As a result, the plastic waste management market is likely to develop at a slower rate this year.
Key Developments in the Marketplace:
- In July 2019, SUEZ opened a packaging sorting plant in Germany, Europe. It is Europe’s most advanced package sorting plant. Germany’s waste management systems are expected to improve as a result of this development.
- In May 2019, LC Packaging and Veolia Netherlands struck a strategic partnership to minimize flexible packaging waste globally.
- In June 2021, Biffa PLC bought Green Circle Polymers’ only post-consumer plastic recycling operation in Scotland. The strategic purchase was undertaken in order to help the corporation accomplish its 2030 goal of boosting plastic recycling capacity.
- In May 2021, UPS Healthcare and Stericycle established a partnership to offer medical waste sorting and disposal services. Both companies think that by working together, they will be able to protect people’s health while simultaneously contributing to the circular economy of plastic.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global plastic waste management market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global plastic waste management market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global plastic waste management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic waste management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global plastic waste management market include:
- Veolia Environment
- Waste Connections Inc.
- Covanta Holding Corporation
- Stericycle
- SUEZ
- Waste Management Inc.
- Clean Harbors
- Waste Connections Inc.
- Remondis SE
- Biffa
Market Segmentation:
By Service
- Collection
- Recycling
- Incineration
- Landfills
By Polymer
- Polypropylene
- Low density polyethylene
- High density polyethylene
- Polyvinyl chloride
- Terephthalate
- Others
By Source
- Residential
- Commercial
- Industrial
By End Use
- Packaging
- Textile
- Consumer product
- Transportation
- Building & construction
- Electrical & electronics
- Others
Regional Analysis:
The geographical analysis of the global plastic waste management market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global plastic waste management Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global plastic waste management market in 2030?
- What is the expected CAGR for the plastic waste management market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global plastic waste management market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plastic Waste Management Market
5.1. COVID-19 Landscape: Plastic Waste Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plastic Waste Management Market, By Service
8.1. Plastic Waste Management Market, by Service Type, 2022-2030
8.1.1. Collection
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Recycling
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Incineration
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Landfills
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Plastic Waste Management Market, By Polymer
9.1. Plastic Waste Management Market, by Polymer, 2022-2030
9.1.1. Polypropylene
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Low density polyethylene
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. High density polyethylene
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Polyvinyl chloride
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Terephthalate
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Plastic Waste Management Market, By End Use Type
10.1. Plastic Waste Management Market, by End Use Type, 2022-2030
10.1.1. Packaging
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Textile
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Consumer product
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Transportation
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Building & construction
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Electrical & electronics
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Plastic Waste Management Market, By Source Type
11.1. Plastic Waste Management Market, by Source Type, 2022-2030
11.1.1. Residential
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Commercial
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Industrial
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Plastic Waste Management Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Service (2017-2030)
12.1.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.1.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Service (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.1.5.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Service (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.1.6.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Service (2017-2030)
12.2.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.2.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Service (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.2.5.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Service (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.2.6.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Service (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.2.7.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Service (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.2.8.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Service (2017-2030)
12.3.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.3.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Service (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.3.5.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Service (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.3.6.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Service (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.3.7.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Service (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.3.8.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Service (2017-2030)
12.4.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.4.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Service (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.4.5.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Service (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.4.6.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Service (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.4.7.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Service (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.4.8.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Service (2017-2030)
12.5.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.5.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Service (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.5.5.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Source Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Service (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Polymer (2017-2030)
12.5.6.3. Market Revenue and Forecast, by End Use Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Source Type (2017-2030)
Chapter 13. Company Profiles
13.1. Veolia Environment
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Waste Connections Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Covanta Holding Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Stericycle
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. SUEZ
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Waste Management Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Clean Harbors
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Waste Connections Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Remondis SE
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Biffa
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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