Friday, May 1, 2020

Plastic Waste Management Market Expected To Trigger A Revenue To $42.2 Billion By 2027 | Grand View Research, Inc.

Plastic Waste Management Market Expected To Trigger A Revenue To $42.2 Billion By 2027 | Grand View Research, Inc.
Grand View Research, Inc. – Market Research And Consulting
In Asia Pacific, the plastic waste management market is anticipated to register fastest growth of 3.4% over the forecast period owing to rising GDP, growing population, and increasing disposable income in the developing economies such as India, China, and Japan

The global plastic waste management market size is anticipated to reach USD 42.2 billion by 2027, expanding at a CAGR of 3.1%, according to a new report by Grand View Research, Inc. Economic growth, rising industrialization, increasing urbanization, and growing health awareness are the major factors, which are likely to boost market growth over the forecast period.

Regulations pertaining to each end-use industry, along with other specifications pertaining to plastic waste management are expected to create opportunities in the market. Increasing awareness towards sustainable advantages and benefits of reusing and recycling are projected to drive the market.

Plastic waste management is a collective approach to recycle plastic or to generate energy through incineration. In addition, such recycling of waste will help save resources and protect the environment. Moreover, it can help reduce the manufacturing cost of companies by recycling the materials.

The majority of the players operating the industry caters to commercial, residential, and industrial sectors. The market concentration in developed economies is growing through consolidation and companies are outsourcing the waste treatment and disposal services. This, in turn, is expected to drive the plastic waste management market over the forecast period.

“Would you like/try a Free Sample Report” Click the link below:
www.grandviewresearch.com/industry-analysis/plastic-waste-management-market/request/rs1

U.S. plastic waste management market size

 

Further key findings from the report suggest:

  • Recycling is anticipated to be the fastest growing service segment, registering a CAGR of 4.9% over the forecast period owing to the growing number of recycling plants and stringent regulations for recycling of plastic

  • Based on polymer, the Polypropylene (PP) segment is anticipated to dominate the market over the forecast period owing to its increasing in automotive, packaging, and textile industries on account of excellent chemical resistance

  • The packaging end-use segment is anticipated to be the largest contributor in the market on account of increasing application of recycled plastics in the form of bottles, containers, bags, and other packaging products

  • In Asia Pacific, the plastic waste management market is anticipated to register fastest growth of 3.4% over the forecast period owing to rising GDP, growing population, and increasing disposable income in the developing economies such as India, China, and Japan

  • Key players in the market are focusing on several strategies including new product developments, new service developments, expansions, contracts, partnerships, and joint ventures.

Inquiry Before Buying: www.grandviewresearch.com/inquiry/450212/ibb

 

 

Global plastic waste management market

Have Any Query? Ask Our Experts: www.grandviewresearch.com/inquiry/450212/ibb

Grand View Research has segmented the global plastic waste management market on the basis of service, polymer, source, end use, and region:

Plastic Waste Management Service Outlook (Revenue, USD Million, 2016 - 2027)

  • Collection

  • Recycling

  • Incineration

  • Landfills

Plastic Waste Management Polymer Outlook (Revenue, USD Million, 2016 - 2027)

  • Polypropylene (PP)

  • Low-density Polyethylene (LDPE)

  • High-density Polyethylene (HDPE)

  • Polyvinyl Chloride (PVC)

  • Polyurethane (PUR)

  • Terephthalate (PET)

  • Others

Plastic Waste Management Source Outlook (Revenue, USD Million, 2016 - 2027)

  • Residential

  • Commercial

  • Industrial

Plastic Waste Management End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Packaging

  • Textile

  • Consumer Product

  • Transportation

  • Building & Construction

  • Electrical & Electronics

  • Others

Plastic Waste Management Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

  • Europe

  • Asia Pacific

  • Central & South America

  • Middle East & Africa

Thanks for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Europe, or Asia.

If you need specific information, which is not currently within the article, we will provide it to you as a part of customization

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email:Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/plastic-waste-management-market

at