The solutions in the global plastic waste management market can be classified based on the source into two distinct segments, namely – municipal waste as well as industrial waste. By material, the categories of the solutions in the global plastic waste management market include polypropylene, polystyrene, polyethylene, and polyethylene terephthalate, among others. The solutions in the global plastic waste management market find applications in various end use industries, such as construction, electrical and electronics, packaging, and automotive, among others. The treatment methods used by the service providers and players working within the landscape of the global plastic waste management market include recycling and disposal, including incineration and landfilling, as well as collection.
The professional intelligence report thoroughly maps the landscape of the global plastic waste management market by evaluating the current as well as historic trends to examine the future trajectory of the industry. It evaluates various drivers as well as restraints that may affect the growth and development of the global plastic waste management market in coming years. It also provides valuable information regarding the size as well as revenue potential of the global plastic waste management market over the forecast years i.e. 2021 to 2031. The research report also provides important datasets related to the performance matrixes of the major and incumbent industry participants.
The increasing integration of newest and innovative technologies, such as big data as well as machine learning or ML, in recycling plants and waste management systems is boosting the development of the global plastic waste management market. Additionally, increasing awareness pertaining to the environmental impact of discarding plastic waste improperly, particularly its impact on the marine ecosystems is motivating the growth within the global plastic waste management market. However, high cost of operations related to these plastic waste management systems and high cost of equipment may restrict the growth within the global plastic waste management market in near future.
The business intelligence study examines the major and significant manufacturers as well as players functional within the landscape of the global plastic waste management market. It evaluates their standing and positioning in the global plastic waste management market through meticulous study of their past and current performance, revenue generation capacity, number and efficiency of production plants, and financial overviews. Some of the leading manufacturers and players working in the landscape of the global plastic waste management market include Waste Management Inc., Veolia Environment S. A., Clean Harbors, Inc., Hitachi Zosen Corporation, Republic Services, Inc., ALBA Group, TANA Oy, SUEZ Group, Biffa PLC, Covanta Holdings Corporation, Remondis AG & Co. KG, Stericycle, Inc., Recology, and Envac Group, among others.
Mergers and acquisitions as well as strategic partnerships are some of the major expansion strategies adopted by the vendors in the global plastic waste management market. For instance, the only post-consumer plastic recycling facility in Scotland, belonging to the Green Circle Polymers was acquired by the Biffa PLC in June of 2021. This move will aid Biffa PLC in expanding their plastic recycling capabilities exponentially by the year 2030.
In terms of revenue share, Europe emerged as the most dominant region within the global plastic waste management market in recent past. Some of the major factors influencing the growth within the global plastic waste management market in Asia Pacific region include the rising per capita generation of waste in the region as well as the fast paced growth in trends of both industrialization as well as urbanization in the region. Furthermore, growing amount of initiatives by various regional governments, such as India as well as China, regarding increasing the collection rate of plastic waste to be recycled, are also supplementing the growth of the global plastic waste management market in Asia Pacific region.