In 2018 the global plastic waste management market was US$ 31.7 Bn and will be US$ 41.1 Bn in 2026 with a CAGR of 4.2% from 2019-2026. Plastic waste management is a major concern for the government of developed and developing countries. Constant increase is plastic waste is creating an adverse effect on the environment which has led to the need for proper plastic waste management.

Market Dynamics

Plastic waste generation on global level is increasing every year; according to World Economic Forum the plastic waste generation on global level is 300 million tons each year. High government initiatives in order to develop required infrastructure for waste management is major factor expected to drive the growth of the global market. Government of developed and developing countries is spending high for development of proper plastic waste management infrastructure. Implementation of various projects related to establishment of waste management unit’s by the government is supporting the growth of plastic waste management market. 

Plastic is widely used as packaging of various products by end use industries as it tends to be better packaging solution this is resulting high waste generation. According to United Nations Environment Programme report, the world produces 400 million ton single-use plastic (SUP) waste annually i.e. 47% of the total plastic waste. Initiatives by the major players in order to use recyclable plastic in order to control the waste are expected to support the growth of target market to a certain extent.

Increasing initiatives by the major players for adoption of recyclable plastic in order to reduce plastic waste and high investment in waste management facilities is expected to support the growth of target market. Major manufactures of food and beverage products are inclining towards adoption of sustainable packaging solution. Coca-Cola, a beverage manufacturing company operating on global level pledged to adopt 100% recyclable packaging by 2025. In addition, Dow Company took an initiative to finance waste management in order to reduce the global plastic leakage by 45%.

However, factors such as high capital investment and unavailability of required infrastructure for recycling the plastic, coupled with lack of expertise for recycling plastic waste are hampering the growth of the global market.

Factor such as high investment by the public and private players for development of present infrastructure, coupled with increasing collaborative work between the government and private players are expected to create new revenue opportunities over the forecast period. In 2018 government body of India United Nations Development Programme initiated a project in collaboration Hindustan Coca-Cola Beverages Private Limited (HCCBPL) and Hindustan Unilever Limited (HUL) in order to establish a waste management system that reduces impact of plastic on environment. The project is currently operational in 20 cities and 22 material recovery centers were built for sustainable waste management practices

Plastic Waste Management Market Analysis, by Plastic Waste Management, 2019

The plastic waste management market is segmented into service, polymer type, end use, and region. The service segment is segmented into collection & transportation, recycling, incineration, and landfills. The application segment is bifurcated into beverage, food, cosmetics, pharmaceutical, and other.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share in the global market due to stringent government regulation related to use of plastic. In addition, food & beverage manufacturers focus on adopting recyclable plastic in order to reduce plastic waste is expected to further support the growth of target market in this region.

Moreover, high investment by major players for development of waste management facilities and increasing public private partnerships in order to increase the customer base is expected to further support the growth of target market in this region.

The market in Asia Pacific is expected to account for significant revenue share due to high government spending on development of waste management infrastructure. In addition, inclination towards strategic partnerships and agreements in order to increase the customer base and increase the revenue share is expected to support the growth of target market in this region.

Competitive Landscape

The competitive scenario is high due to presence of large number of players operating on global level and major players focus on tracking the untapped market.

Report coverage

Market	Global Plastic Waste Management Market
Analysis Period	2015 – 2026
Base Year	2019
Forecast Data	2020 – 2026
Market Stratification	Service, Polymer Type, End Use and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Plastic Waste Management Market (Service: Collection & transportation, Recycling, Incineration, and Landfills; Polymer Type: Polypropylene (PP), Low-density polyethylene (LDPE), High-density polyethylene (HDPE), Polyvinyl chloride (PVC), Polyurethane (PUR), Polystyrene (PS), Polyethylene, Terephthalate (PET), and Others. End Use: Packaging, Building & construction, Textile & clothing, Automotive, Furniture, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global glass bottles market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global glass bottles market, its manufacturing process segment, application segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global plastic waste management market size and segment markets by service, polymer type, end use, and geography along with the information on companies operating in the market. The plastic waste management market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Veolia Environment, SUEZ, Waste Management Inc., Republic Services, Stericycle, Clean Harbors, Waste Connections, Inc., Covanta Holding Corporation, Remondis SE & Co. Kg, and Biffa.

Market Segmentation

Market By Service

• Collection & transportation
• Recycling
• Incineration
• Landfills

Market By Polymer Type

• Polypropylene (PP)
• Low-density polyethylene (LDPE)
• High-density polyethylene (HDPE)
• Polyvinyl chloride (PVC)
• Polyurethane (PUR)
• Polystyrene (PS)
• Polyethylene
• Terephthalate (PET)
• Others

Market By End Use

• Packaging
• Building & construction
• Textile & clothing
• Automotive
• Furniture
• Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa

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