Plastic Waste Management Market was valued at USD 34.5 Billion in 2022 and is projected to reach USD 63.3 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
From 2018 to 2022, the plastic waste management market experienced significant shifts as global awareness of environmental sustainability grew. Various initiatives to reduce plastic waste, such as the implementation of plastic bans and stricter regulations, drove the market's evolution during this period. At the same time, there was a push toward creating more effective recycling processes and finding innovative ways to manage plastic waste. Companies and governments made large investments in technology, such as advanced sorting and recycling systems, to meet the growing demand for better plastic waste disposal methods.
During this period, the plastic waste management market grew at a steady rate as increasing concerns about the environmental impact of plastic waste were addressed. The introduction of policies like the European Union's plastic waste reduction targets and the global push for a circular economy set a foundation for future growth. Meanwhile, the rapid adoption of new technologies such as pyrolysis and chemical recycling technologies improved recycling efficiencies, leading to reduced plastic waste generation. As of 2022, the demand for more sustainable waste management systems had surged, prompting major players in the market to develop cutting-edge solutions to address plastic pollution.
Fast forward to 2023 and beyond, the plastic waste management market outlook has seen a continued upward trajectory. With stricter regulations and rising consumer demand for sustainability, the market is expected to grow significantly between 2023 and 2033. Technological advancements, including innovations in biodegradable plastic alternatives and waste-to-energy systems, will drive this growth. Furthermore, more governments are implementing policies to support and promote sustainable waste management practices, which is expected to accelerate market expansion. Companies in the sector are also investing heavily in the development of more effective recycling technologies, particularly chemical recycling, which allows for the recycling of a broader range of plastic types, making plastic waste management more effective and scalable.
In the coming decade, the demand for advanced plastic waste management solutions is expected to increase exponentially. Innovations in product design, collection systems, and recycling methods will continue to evolve as the focus on sustainability and circular economies intensifies. As new markets and regulatory frameworks emerge globally, companies that lead in offering efficient and scalable plastic waste management solutions will dominate the market.
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Veolia Environnement
Suez Environnement
Waste Management
Republic Services
Stericycle
Clean Harbors
ADS Waste Holdings
Progressive Waste Solutions
Covanta Holding
Remondis
Parc
Kayama
Shirai
New COOP Tianbao
China Recyling Development
Luhai
Vanden
Fuhai Lantian
Shanghai Qihu
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Waste Management Market
Plastic Waste
Heat Energy Generation
Recycled Plastics
Others
Based on Types the Market is categorized into Below types that held the largest Plastic Waste Management market share In 2023.
Landfill
Recycle
Incineration
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic Waste Management Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic Waste Management Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic Waste Management Market, By Type
6. Global Plastic Waste Management Market, By Application
7. Global Plastic Waste Management Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastic Waste Management Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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