Global Plastic Waste Management Market 2019 Innovative Trends, Market Size, Analysis, Market Growth, Shares and Insights Research up to 2023Posted:
A recent study of the Global “Plastic Waste Management Market” provides an in-depth evaluation of this industry business for an estimated period of time, consisting of key industry distributed information, mainly Plastic Waste Management market trends, size, share, current valuations and forecasts. The Plastic Waste Management industry information is also analyzed and explains the market growth rate in the forecast timeline, which explains the key challenges and growth opportunities of the industry in this Plastic Waste Management research report.
Analysts forecast the global Plastic Waste Management market to grow at a CAGR of almost 3% during the period 2019-2023. Plastic Waste Management Industry is the greatest segment of Plastic Waste Management application, types with a share of 2.62% in 2018.
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About Plastic Waste Management Market:
Plastic waste management involves landfilling, incineration, or recycling solutions. Our plastic waste management market analysis considers sales from the disposal, incineration, and recycling sectors. Our analysis also considers the adoption of plastic waste management services in APAC, Europe, MEA, North America, and South America. In 2018, the disposal segment held the highest market share owing to its primary ability to produce methane, which is used to generate electricity. However, the incineration segment will lead the market in 2023 because it is being considered a more viable alternative for plastic management. Plastics can be converted to hydrogen, diesel, crude oil and sulfur, primarily used to generate electricity, through incineration. This trend is expected to remain prevalent over the forecast period. Also, our global plastic waste management report has observed market growth factors such as the rising demand for plastic, growth of global population and rapid urbanization, and presence of favorable government regulations. However, high operating and maintenance cost of plastic waste treatment, adverse impact of plastic waste management on environment, and stringent government regulations pertaining to landfilling and incineration may hamper the growth of the plastic waste management industry over the forecast period.
Major market player included in this report are:
- Republic Services Inc.
- Suez SA
- Veolia Environnement SA
- Waste Connections Inc.
- and Waste Management Inc.
The Plastic Waste Management report offers brief information about the market at the start through an overview of the situation. This includes manufacturing technology, commonly used applications, and creative methods to grow the market. The report also involves a thorough assessment of competitive outlook, trend variables, Plastic Waste Management industry trends, and important regional status. In addition, market growth risk factors are also noted along with the product cost, which affects the development of the Plastic Waste Management market during the forecast period of 2023.
Plastic Waste Management Market Segment by Regions, regional analysis covers:
- North America
- South America
- Middle East and Africa
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Plastic Waste Management Market Dynamics:
Market Driver:rising demand for plastic
Market Trend:increasing medical tourism for low-cost ophthalmology
Market Challenge:high operating and maintenance cost of plastic waste treatment.
Rising demand for plastic
The use of plastic has been rising across industries such as consumer packaging, healthcare, textiles, food and beverages, retail, and others. The ubiquitous use of plastic has been contributing to the generation of a huge volume of plastic waste. Poor plastic waste management has been causing adverse environmental effects. This, in turn, has prompted governments to implement stringent policies and regulations for effective management of plastic waste. As a result, vendors of the plastic waste management market have been collaborating with industries and governments to establish plants and designated areas for plastic waste management, contributing to the market growth. The global plastic waste management market will record a CAGR of almost 3% during the forecast period.
Rising popularity of producer responsibility organizations (PROs) for plastic waste management
The rising implementation of stringent government regulations and policies are imposing responsibilities on plastic producers to collect and process plastic waste. However, setting up separate recycling and disposing of facilities adds to operational cost and is also complex. This gave rise to third-party organizations called the producer responsibility organizations (PROs), which are hired by plastic-producing industries for plastic waste management at a cost. The PROs avail services of certified plastic recyclers. Plastic recyclers can also be PROs. The rising popularity of PROs for plastic waste management is one of the key trends that will have a positive influence on the growth of the global plastic waste management market.
TOC of Plastic Waste Management Market Report
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY TYPE
Market segmentation by type
Comparison by type
Disposal - Market size and forecast 2018-2023
Incineration - Market size and forecast 2018-2023
Recycling - Market size and forecast 2018-2023
Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Rising popularity of integrated waste management systems
Rising popularity of producer responsibility organizations for plastic
Ban on single-use plastics
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
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