Insights into the Global Plastic Waste Management Market

The Business Research Company’s Plastic Waste Management Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 6, 2023 /EINPresswire.com/ — The global plastic waste management market, with a valuation of $35.37 billion in 2022, is projected to reach $36.72 billion in 2023, exhibiting a compound annual growth rate (CAGR) of 3.8%. Despite the disruptive impacts of the Russia-Ukraine conflict on global economic recovery, the market is anticipated to showcase positive growth, culminating in a market size of $43.9 billion by 2027, with a CAGR of 4.6%. The escalating awareness about plastic management is anticipated to be a pivotal factor driving the growth of the plastic waste management industry.

Market Segmentation and Key Players

•Services: Collection, Recycling, Incineration, Landfills
•Source: Residential, Commercial, Industrial
•Polymer: Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Terephthalate (PET), Other Polymers
•End User: Packaging, Textile, Consumer Product, Transportation, Building And Construction, Electrical And Electronics, Other End User

Leading plastic waste management market players such as Veolia Environnement SA, SUEZ Environnement Company, and Clean Harbors Inc. are actively contributing to the advancement of the plastic waste management industry through innovative solutions and strategic initiatives.

To explore the market landscape further, view a sample report here:

Technological Advancements Revolutionizing the Industry
The market is witnessing a surge in technological advancements as key players within the plastic waste management sector actively embrace cutting-edge technologies to bolster their market position. Companies are integrating advanced technologies, including machine learning, artificial intelligence (AI), satellite mapping, blockchain, nanotechnology, and genetic modification of chemicals, to mitigate plastic waste and minimize environmental impact. For example, in January 2021, Unilever collaborated with the Alibaba Group to introduce China’s pioneering large-scale closed-loop plastic recycling system powered by AI, which employs machine learning to automatically identify and segregate various types of plastic bottles for efficient recycling and reuse.

Regional Analysis and Future Market Outlook
With North America leading the plastic waste management market share in 2022, the Asia-Pacific region is expected to emerge as the fastest-growing region during the forecast period. The comprehensive market report provides in-depth analyses of key regions, encompassing Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

For a comprehensive understanding of the evolving dynamics within the global plastic waste management industry, access the complete market report here:

Plastic Waste Management Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
ThePlastic Waste Management Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on plastic waste management market size, plastic waste management market drivers and trends, plastic waste management market major players, plastic waste management market competitors’ revenues, plastic waste management market positioning, and plastic waste management market growth across geographies.The plastic waste management market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the plastic waste management market report and tap into segments with the highest growth potential.

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