Global Plastic Waste Management Market Information by Type (Blister Packaging, Skin Packaging, Clamshell Packaging, Others), by Application (Food & Beverage, Pharmaceuticals, Electronics, Personal Care and others), by Material (Plastic, Paper Aluminum and others) and by Region – Forecast to 2023
Recycling of plastic material mainly concerns the reuse and reduction of the waste amount going into landfills. Recycling converts plastic into lower or same grade plastic bottles. Recycling of plastic is prime need of the society because it not only ensures energy recovery by also reducing carbon footprint. Plastic is relatively cheap and versatile, and recycled plastic is used to manufacture a variety of products such as bottles, cloths, films, garbage bags, containers, and carpets. The plastic waste management market will benefit from the use of recycled plastic in industrial applications which will drive the market of plastic waste management market.
The market in the report has been segmented based on Services, polymer types, end users and the regions of North America, Europe, APAC and rest of the world (RoW). On the basis of services the market includes assembly and recycling. Recycled plastic material is widely used in the manufacture of bottles and containers. The market for recycled plastics is expanding as recycling not only saves energy, but also decreases emissions. On the basis of polymer type it is segmented into PP, LDPE, HDPE, PVC and others. The end-use segment of recycled plastics includes the sub-segments of packaging, furniture, building & construction, automotive, and textile & clothing. Packaging products made from recycled plastics occupy the largest market share and are forecast to grow at a faster pace. Moreover, the growing environmental concerns help the plastic waste management market to grow.
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On the basis of services, Recycling is the largest market
Recycling of plastic is prime need of society because it not only ensures energy recovery but also reduces carbon footprint. Through advance in recycling technology can conserve as much of our resources as possible. Recycled products used in end-use industries such as packaging, textiles, construction, wood and furniture and agriculture among others.
The prominent players in the plastic waste management market are Veolia Environnement S.A. (France), SUEZ Environnement Company (France), Waste Management Inc. (U.S.), Republic Services Inc. (U.S.), Stericycle Inc. (U.S.), ADS Waste Holdings, Inc. (U.S.), Remondis SE & Co. KG (Germany), Clean Harbors Inc. (U.S.), Hawkvale Limited(UK) and Hahn Plastics Limited(UK).
Market Research Future Analysis:
Market Research Future analysis show that the global market of plastic waste management market is estimated to grow at significant pace in the forecasted period. Plastic Waste management helps to reduce carbon dioxide emission and quantity of waste. Since plastic has plenty of applications, in automotive, healthcare, defense, and energy industries, recycling of plastic materials is the most important from an environmental point. Laws & regulations enforced by the governments acting as a major driver for the growth of the market
Asia-Pacific is expected to grow rapidly during the forecast period. A shift in recycled plastic production growing in China and India, due to the demand and lower labor costs, along with the low environmental, health and safety costs pushing the market towards growth. Moreover, factors such as environmental issues and the improved quality of recycled plastic. The growing emphasis on sustainability, improvements in processing and a broader variety of plastic recycled products are also some major factors which drive the market of plastic waste management. This regional shift is also projected to drive future growth of recycled plastic market.
The report for Global Thermoform Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.