Plastic Waste Management Global Market Report: Size, Share, Trends And Industry Forecast To 2032 | Major Players - Veolia Environnement SA, PLASgran Ltd., SUEZ Environnement Company, Republic Services Inc., Clean Harbors Inc.

As per The Business Research Company's Plastic Waste Management Opportunities And Strategies Market Report 2023, the global plastic waste management market size will grow from $35.37 billion in 2022 to $36.72 billion in 2023, at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global plastic waste management market is expected to grow to $43.9 billion in 2027 at a CAGR of 4.6%.

The increase in awareness about plastic management is expected to the significant factor driving the growth of the plastic waste management industry. The awareness about plastic management induces various end-users to use recycled plastic which will boost the growth of the plastic waste management industry. Due to the rising awareness about plastic management, several companies have taken significant steps toward reusable plastics. For instance, in February 2022, Coca-Cola, a US-based beverages company, declared an industry-leading objective to increase its use of reusable packaging significantly. Additionally, by 2030, the company hopes to have a minimum of 25% of all beverages sold in refillable plastic bottles or containers. This increasing awareness of plastic management will invariably result in proper plastic waste management. Therefore, awareness about plastic management is expected to propel the growth of the plastic waste management industry.

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Technological advancement is the key trend in the plastic waste management market. The key players operating in the plastic waste management sector are bringing technological advancements to strengthen their position in the market. These companies are implementing advanced technologies like machine learning, artificial intelligence (AI), satellite mapping, block-chain, nanotechnology, genetic modification of chemicals, and others to curb plastic waste and its management by lowering environmental harm. For instance, In January 2021, Unilever partnered with the Alibaba Group and introduced China's first large-scale closed-loop plastic recycling system powered by AI. The machines used for sorting and storing are fitted with AI technology that automatically recognizes various types of plastic bottles. Later these bottles are returned to recycling centers and reused rather than degraded.

Plastic Waste Management Market Segmentation:
The plastic waste management market is segmented by services , by source , by polymer and by type of end user.

By Services -
a) Collection
b) Recycling
c) Incineration
d) Landfills
e) Other Types

By Source -
a) Residential
b) Commercial
c) Industrial

By Polymer -
a) Polypropylene (PP)
b) Low-Density Polyethylene (LDPE)
c) High-Density Polyethylene (HDPE)
d) Polyvinyl Chloride (PVC)

By End User -
a) Packaging
b) Textile
c) Consumer Product
d) Transportation

Major players in the plastic waste management market include Veolia Environnement SA, PLASgran Ltd., SUEZ Environnement Company, Republic Services Inc., Clean Harbors Inc.

The regions covered in the global plastic waste management market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Plastic Waste Management Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Plastic Waste Management Market Report Table Of Content
1. Executive Summary
2. Plastic Waste Management Market Characteristics
3. Plastic Waste Management Market Trends And Strategies
4. Plastic Waste Management - Macro Economic Scenario
5. Plastic Waste Management Market Size And Growth
……
26. Africa Plastic Waste Management Market
27. Plastic Waste Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plastic Waste Management Market
29. Plastic Waste Management Market Future Outlook and Potential Analysis
30. Appendix

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