Press release
Turning the Tide: Revolutionizing Sustainability with the Plastic Waste Management Market
Plastic Waste Management Market
Plastic Waste Management Market to Cross US $ 45 Bn by 2030, after getting over the "Covid-19" Hump. PMR states that the global plastic waste management market will witness a CAGR of more than 3.5% between 2020 and 2030.
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Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over Plastic Waste Management Market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
The plastic waste management market is driven by benevolence of people regarding the hazards of plastic. Also, people have realized the importance of managing plastic waste already generated. Therefore, the people are looking towards usage of recycled plastic in place of one-time use plastic.
Key Companies-
B.Schoenberg & CO., INC.
Advanced Environmental Recycling Technologies, Inc.
REPLAS
Clear Path Recycling
PLASgran Ltd.
Custom Polymers, Inc.
Carbon LITE Industries
LUXUS Ltd.
wTe Corporation
KW Plastic, Inc.
Kuusakoski Group
Shanghai Pret Composites Co., Ltd.
Republic Services, Inc.
Reprocessed Plastic, Inc.
4G Recycling Inc.
Vanden Global Ltd.
TerraCycle
The WasteCare Group
Veolia Environmental SA
Others.
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Key Takeaways from Plastic Waste Management Market
With respect to volume, "landfills" are contributing to the filth. This could be attributed to mismanagement of plastic waste due to less number of incinerators and recycling plants present. However, in future, landfills are expected to reduce with appropriate plastic waste management in place.
As far as recycled plastic waste is concerned, "packaging" sector is expected to lead from the front in the near future. Sustainable packaging solutions like bottles, films, bags, containers, and several other protective packaging things) are accelerating the demand.
Coming to value, the Asia-pacific is expected to grow at the fastest rate between 2020 and 2030 due to developing and under-developed economies herein witnessing infrastructural development, which calls for proper plastic waste management.
Amongst recycling, incineration, and others, recycling holds the largest market share and the status quo is expected to stay unchanged in the upcoming period as well.
Key geographies evaluated in this report are:
North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others
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Key Questions Answered in the Plastic Waste Management Market Report
How is the Plastic Waste Management market expected to grow over the projected period?
What direction is the Plastic Waste Management market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Plastic Waste Management market in future?
What are the key market drivers in the Plastic Waste Management market?
What are significant opportunities and improvement areas for Plastic Waste Management manufacturers?
What are the key developments and trends taking over the Plastic Waste Management market?
Which are the emerging countries that are expected to create significant growth opportunities in the Plastic Waste Management market?
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