waste management plastic recycling market

monicanerkar

waste management plastic recycling market by Service & Equipment (Collection, Recycling, Incineration, Disposal), Polymer (PP, LDPE, HDPE), Source (Commercial, Residential, Industrial), End-Use Sector (Packaging, Construction, Textile) and by Region - Global Forecast to 2023

waste management plastic recycling market

Research Report By Forecast To 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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waste management plastic recycling market Research Report - Forecast to 2023

waste management plastic recycling market Information: by Service & Equipment (Collection, Recycling,

Incineration, Disposal), Polymer (PP, LDPE, HDPE), Source (Commercial, Residential, Industrial), End-Use

Sector (Packaging, Construction, Textile) and by Region - Global Forecast to 2023.

The waste management plastic recycling market is deemed to experience a moderate CAGR of 3% during the review period

(2017-2023), asserts Market Research Future (MRFR). Plastic has recently emerged as an indispensable component for

various applications. Along with it, an increasing awareness can also be witnessed regarding the plastic waste management

as it supports the restoration of fossil fuel energy.

Various market players are now implementing innovations and opening up several avenues for the market to prosper. For

instance, Veolia has joined hands with Plastic Odyssey to design a catamaran entirely driven by energy produced by plastic

waste. SUEZ and the CAPEB have recently signed a contract to increase awareness among the building contractors to

effectively promote waste management.

The key market players are SUEZ Environnement Company (France), Republic Services Inc. (U.S.), Waste Management Inc.

(U.S.), Veolia Environnement S.A. (France), Stericycle Inc. (U.S.), Remondis SE & Co. KG (Germany), ADS Waste Holdings, Inc.

(U.S.), and others.

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waste management plastic recycling market Research Report - Forecast to 2023

Drivers and Restraints:

Growing ecological concern has led to the adoption of plastic waste management worldwide. This effective waste

management method is ensured to leave a minimal carbon footprint by saving landfills and conserving up to 80% of the

energy for the production of new plastic-based components. The industrial application for the recycled plastic products can

propel the market of plastic waste management.

Governments of various nations are also showing a keen interest in this plastic waste management procedure. Hazards

related to plastic usage has given rise to concerns regarding its usage. Governments are now imposing several stringent

measures and stipulations to lower the carbon footprint, therefore, giving rise to the implementation of plastic waste

management.

However, the existing plastic recycling processes are complex and incur high-cost. At the same time, the market requires

innovations to make the process simpler and more effective to ease up the market advancements.

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waste management plastic recycling market Research Report - Forecast to 2023

Segmentation

waste management plastic recycling market can be segmented by source, service & equipment, polymer, and end-user.

By source, the market can be segmented into residential, commercial and industrial. Residential segment dominated the

market in 2016 and given the current scenario it can record a phenomenal growth in the coming future. Rapid urbanization

and increasing adoption of waste management can ensure the top spot for the segment.

Service & equipment includes collection, recycling, incineration, and disposal. Recycling has numerous advantages such as

cost reduction and conservation of power which make it a popular choice for various end-user industries. Therefore, the

segment can experience a spiraling expansion during the review period.

Polymer-wise the segment consists polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE),

polyvinyl chloride (PVC), and others. Polypropylene is widely available and cheap. Its features make it a market-friendly

component, and it dominated the market in 2016. The segment is to continue its dominance during the review period as

well.

The end-user segment comprises packaging, building & construction, textile & clothing, automobile, and others. Packaging

sector has a vast application for plastics, and even after the primary application, the sector has a quick recycling solution for

plastics. This helps the sector dominate the market with great fervor and can continue to do so during the prognosis period.


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waste management plastic recycling market Research Report - Forecast to 2023

Regional Analysis

The waste management plastic recycling market can be segmented into North America, Europe, Asia Pacific (APAC), and

Rest-of-the-World (RoW).

Plastic waste management has proven itself as a useful economic measure as it generates much revenue for the

government. In Europe and North America, the sector is well-established as the governments in these regions have already

implemented a number of stringent regulations to curb the CO2 emission rate. PlasticsEurope has recently announced a

strategy that would prohibit any plastic leakage in the environment by harmonizing the policies of various European nations

by 2030. North America is going to benefit much from China’s ban on waste imports including plastic. The ban will enforce a

strategic shift in North America’s plastic recycling policies.

APAC region is currently experiencing a steady growth due to unawareness and lackadaisical approach of the governments

in implementing necessary measures. However, countries such as India China, Japan, and South Korea are showing some

positive steps. India has launched a campaign Swachh Bharat to reduce the amount of garbage produced and promote

recycling. China’s ban on waste import has forced developed countries to reconsider and check their plastic addiction.

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waste management plastic recycling market Research Report - Forecast to 2023

Objective of Studies

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of

the waste management plastic recycling market

• To provide insights about factors affecting the market growth

• To analyze the waste management plastic recycling market based on various factors- price analysis, supply chain analysis,

porter’s five force analysis etc.

• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main

geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

• To provide country level analysis of the market with respect to the current market size and future prospective

• To provide country level analysis of the market for segment by type, by application, by end users and sub-segments.

• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and

drawing a competitive landscape for the market

• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new

product developments, and research and developments in the waste management plastic recycling market


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