Plastic Waste Management Market worth $37.9 billion by 2024 | Rising Demand Growth Trend Insights

 The report "Plastic Waste Management Market by Service (Collection, Recycling), By Polymer Type (PP, LDPE), By Source (Residential, Commercial, Industrial), By End-Use Applications (Packaging, Building & Construction), Region - Global Forecast to 2024" The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. The increasing urban population, rapid industrialization, growing concern toward the environmental impact of the improper disposal of plastic waste, along with laws & regulations regarding disposal and treatment of plastic waste, have propelled the growth of the global plastic waste management industry.

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In terms of value, the Asia Pacific plastic waste management market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific plastic waste management industry is projected to grow at the highest CAGR from 2019 to 2024, in terms of value. The growing population, rising GDP, and increasing disposable income in Asia Pacific are leading to the generation of more solid waste (including plastic waste), which, in turn, is creating opportunities for the market in the region. Infrastructural development in under-developed and developing countries of Asia Pacific is driving the growth of various methods of plastic waste management in this region.

Key Market Players

Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (US), Waste Connections Inc (Canada), Clean Harbors (US), Biffa (UK), Covanta Holding Corporation (US), Stericycle (US), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market.

Based on service:

• Collection & transportation
• Recycling
• Incineration
• Landfills

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Based on polymer type:

• Polypropylene (PP)
• Low-density polyethylene (LDPE)
• High-density polyethylene (HDPE)
• Polyvinyl chloride (PVC)
• Polyurethane (PUR)
• Polystyrene (PS)
• Polyethylene
• terephthalate (PET)
• Others (thermoset and thermoplastics (not included in the above segmentation such as SPI code 7 plastics, melamine-formaldehyde, bakelite, and others polyester resins))

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Dewatering Equipment Market worth $5.4 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

 The report "Dewatering Equipment Market by Type (Sludge (Application (Industrial,Municipal), Technology (Centrifuges, Belt Presses,Filter Presses, Vacuum Filters,Drying Beds,Sludge Lagoons)), Others (Paper, Plastic)), and Region - Global Forecast to 2025", The global dewatering equipment market size is projected to grow from USD 4.3 billion in 2020 to USD 5.4 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The market growth is driven by rising environmental awareness and stringent regulatory laws regarding sludge disposal.

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Dewatering is one of the primary wastewater treatments, wherein the separation of water from solids takes place. This method is also used to separate water from a construction site. In the construction industry, the selection of the technique for dewatering depends on factors such as excavation dimensions, the soil type, and the groundwater control requirements.

The world’s population is increasing, with a concentration in urban areas intensifying, particularly in the developing countries of Asia and Africa. The cities of these countries produce billions of tons of waste every year, including sludge and wastewater. However, data on these waste streams are scarce and scattered with only a few exceptions. Municipal wastewater and sludge contain valuable resources, such as water, organic matters, energy, and nutrients, which can be recovered for diverse economic and environmental purposes. But prior to use, these wastewater and sludge need to be pre-treated to remove harmful chemicals and pathogens. 

In the previous edition, the dewatering equipment market report was segmented on the basis of By Type (Sludge (Application (Industrial, Municipal), Technology (Centrifuges, Belt Presses, Filter Presses, Vacuum Filters, Drying Beds, Sludge Lagoons)), Others (Paper, Plastic)), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America).

In the latest edition, the market sizing and forecasting include the segmentation of the market on the basis of application, type, technology, and region.

Based on the Type:

·         Sludge Dewatering

·         Other Dewatering (Paper Dewatering, Plastic Dewatering)

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Based on the Application:

·         Industrial

o   Refineries

o   Mining

o   Petroleum

o   Chemical & Pharmaceuticals

o   Food & Beverages

o   Others(Paper & Pulp, Textile)

·         Municipal

o   Residential

o   Commercial

Based on the Technology:

·         Centrifuges

·         Belt Presses

·         Filter Presses

·         Vacuum Filters

·         Drying Beds

·         Sludge Lagoons

·         Others (Rotary Press, Screw Press)

Paper Straw Market worth $1,687 million by 2024 | At a CAGR of 23.6%

The paper straw market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period. The rise in demand for paper straws for various end-use applications in the foodservice, institutional, and household industries is a key factor that is projected to drive the growth of the paper straw market across the globe. In addition, factors such as growing consumer demand for environmental-friendly straws, rising government reforms & campaigns to ban plastic straws, and growing intolerance toward the use of plastic straws are projected to contribute to the growth of paper straws  during the forecast period.

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Browse 140 Market Data Tables and 34 Figures spread through 181 Pages and in-depth TOC on "Paper Straw Market by Material Type (Virgin paper, Recycled Paper), Product Type (Printed, Non Printed), Straw Length , Straw Diameter, End use Application (Food Service, Institutional, Household), Region - Global Forecast to 2024 "

Recent Developments

• In October 2019, Transcend Packaging (UK) acquired the assets of BioStraw Ltd. (UK), a paper straw manufacturer. BioStraw (UK) will transfer all its production assets to Transcend Packaging. Further, this strategic initiative will widen their customer base for their products and strengthen their marketing and manufacturing capabilities for paper straws.
• In May 2019, Hoffmaster Group, Inc. (US) acquired The Paper Straw Co (UK), a UK-based manufacturer of paper straws. Through this strategic acquisition, the company is projected to expand its operations in the European markets for paper straw products and increase its product portfolio for paper straws.
• In May 2019, Huhtamaki Oyj (Finland) set up a paper straw production unit in Northern Ireland. The production plant is located in Antrim town, near Belfast, in Northern Ireland. This expansion aims to expand the company’s paper-based product portfolio, such as paper straws.

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On the basis of end-use application, the paper straw market has been categorized as follows:

• Foodservice
• Institutional
• Household

On the basis of region, the paper straw market has been categorized as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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Digitally Printed Wallpaper Market worth $7.5 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

In 2020, the global digitally printed wallpaper market size is estimated at USD 2.9 billion and projected to reach USD 7.5 billion by 2025, at a CAGR of 21.1% from 2020 to 2025. The major drivers for the market include increase in urbanization and rising construction activities. However, competition from paint & coating manufacturers restrains the market growth. Moreover, the increasing growth in commercial and marketing sectors is expected to propel the market for digitally printed wallpaper.

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Recent Developments 

• In October 2019, Muraspec Wallcoverings launched three new wallcovering designs Tweed, Sorrento, and Novaro.
• In September 2019, Muraspec launched two new wallcovering designs Herringbone and Accor, made from specialty inks for the luxury segment
• In January 2019, the Meraspec Group launched new wallcovering collection Cantari. The company is adopting new product development as a growth strategy to strengthen its product portfolio and attract more customers
• In November 2018, Rasch GmbH & Co. KG added new wallpapers, such as Boutique floral, hex geo, wide stripe and ELSA, to its Portfolio Paper Collection

On the basis of sustrate:

• Nonwoven
• Vinyl
• Paper
• Others (Glass Fiber, Canvas, and Grass Cloth)

On the basis of end-use sector:

• Non-residential
• Residential
• Automotive & Transportation

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Covid-19 Impact On The Global Digitally printed wallpaper Market

The outbreak of COVID-19 has now spread across major Asia Pacific, European, and North American countries, affecting the market for digitally printed wallpaper since most global companies have headquarters in these regions. COVID-19 had disrupted the supply chain, which had slowed down market growth due to a lack of raw materials and unavailability of manpower. The lockdown in major countries due to this pandemic has also led to shutting down of the production facilities of wallpaper substrates and other raw materials as these were not considered as essential products.

Key Market Players

Major companies such A.S. Création Tapeten AG (Germany), Muraspec Group (UK), Tapetenfabrik Gebr. Rasch GmbH & Co. KG(Germany),MX Display (UK), 4Walls (US) Flavor Paper (US), The Printed Wallpaper Company (UK), Hollywood Monster (UK), and Great Wall Custom Coverings (US) and among others, are key players in the digitally printed wallpaper market. These players have been focusing on developmental strategies, such as new product launches and investments which have helped them expand their businesses in untapped and potential markets. 

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Biodegradable Plastics Market Worth $12.4 Billion By 2027 - MarketsandMarkets (Rising Demand Growth Trend Insights for Next 5 Years)

 The biodegradable plastics market is projected to reach USD 12.4 billion by 2027, at a CAGR of 15.1%.

The report “Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End-use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Row) - Global Forecast to 2027”.

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The growth of the market is attributed to the increasing demand for biodegradable plastics in various end-use industries in emerging economies such as India, China, and Brazil. The increasing adoption of strategies such as new product launches and mergers, acquisitions & partnerships by the key players is also fueling the market.

On the basis of end-use industry, the packaging & bag segment is estimated to lead the biodegradable plastics market during the forecast period.

Packaging & bags is the largest end-use industry of biodegradable plastics. Thermoset plastics (soy polyurethanes and unsaturated polyester resins) and thermoplastics (PLA, starch blends, PBS, PHA, and cellulose) are the two types of biodegradable plastics mainly used in the packaging industry. Packaging products made from these plastics are mainly used in the packaging of fresh food, dried snacks & candy, bakery goods, water & juice bottles, and meat trays. Biodegradable plastics are also used as coatings for beverages cups and films & card stock.

Increasing use of PLA in the packaging & bags and consumer goods industry is projected to lead the biodegradable plastics market during the forecast period.

PLA is the largest type segment of the biodegradable plastics market, as it is used in various end-use industries such as packaging & bags and consumer goods. PLA is made from renewable resources, and it is compostable as well as biodegradable. It is derived from corn starch (in the US and Canada), tapioca roots, chips, or starch (mostly in Asia), or sugarcane (in RoW). This makes PLA non-toxic and an environmentally friendly material. Plastic products may take up to thousand years to degrade while PLA products biodegrade within 3–6 months in an industrial composting system. The key applications of PLA are thermoformed products, namely, drink cups, takeaway food trays, containers, and planter boxes. It has good rigidity and allows for replacement of polystyrene and PET in such applications. PLA is being adopted rapidly as it is more economical to manufacture PLA as compared with the synthesis of other biodegradable plastics.

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The increasing use of biodegradable plastics in end-use industries including packaging & bags, consumer goods and agriculture & horticulture is driving the biodegradable plastics market in APAC.

APAC is expected to be the fastest-growing biodegradable plastics market during the forecast period. The growing packaging & bags industry in APAC has offered significant opportunities for the growth of the biodegradable plastics market in the region. The increasing use of biodegradable plastics in various end-use industries, such as packaging & bags, consumer goods, agriculture & horticulture, and textile, is driving the biodegradable plastics market in APAC.

Major players such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK) have adopted development strategies such as expansions, mergers, acquisitions & partnerships, and new product launches to achieve growth in the biodegradable plastics market.

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