The global plastic waste management market is projected to reach value of USD 40.80 Billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market are maintaining the organization's reputation, promoting the concept of sustainable development, reducing the usage of plastics Plastic destroys fertility of soil. Plastics contain harmful chemicals, which increases death rates of all living organisms on the planet.
Several official conferences have been held by the global authorities over the last decade to tackle this complex and serious issue of plastic waste management. The pursuit of a quality, peaceful life by people has led to rise in the demand for goods and services. Due to increase in the consumption level, the level of pollution and waste of goods has also increased, creating adverse effects on the environment. Plastics are also employed to prepare and deliver alternative energy systems such as fuel cells, batteries, and even solar power.
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The global market for plastic waste management is expected to remain in a competitive and highly fragmented landscape in the near future, consisting of several small start-ups, medium enterprises, and large conglomerates.
Competitive Outlook:
The global Plastic Waste Management Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Plastic Waste Management Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
The report also discusses key players involved in the market, such as Veolia Environment, SUEZ, Waste Management, Inc, Republic Services, Waste Connections, Inc, Biffa, Stericycle, Clean Harbors, Covanta Holding Corporation, and United Plastic Recycling, Inc., and others as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Emergen Research has segmented the global plastic waste management market based on polymer type, source, service, application, and region:
Polymer Type Outlook (Revenue: USD Billion; 2017–2027)
Polyethylene (PE)
Polypropylene (PP)
Low-density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Source Outlook (Revenue: USD Billion; 2017–2027)
Residential
Industrial
Commercial
Others
Service Outlook (Revenue: USD Billion; 2017–2027)
Recycling
Energy Recovery
Landfills
Application Outlook (Revenue: USD Billion; 2017–2027)
Packaging
Construction
Textile
Building & Construction
Others
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Key Questions Answered in the Report:
What is the anticipated Plastic Waste Management market growth rate until 2027?
Who are the market's leading vendors, distributors, and producers?
What factors will propel and impede the Plastic Waste Management market's growth over the course of the forecast?
What are the Plastic Waste Management market's present and foreseeable market trends?
What are the product's sales and price analyses by categories, uses, and geographical areas?
What opportunities are anticipated for businesses and new entrants in the upcoming years?
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