Market Leader - Plastic Waste Management Market | Top 10 Key Tactics And Pros

 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 increase in awareness programs regarding sustainable waste management practices is projected to drive the growth of the plastic waste management industry across the globe during the forecast period.

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Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (Republic) (US), Stericycle (US), Clean Harbors (US), Waste Connections, Inc. (US), Covanta Holding Corporation (Covanta) (US), Biffa (UK), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market. These players have adopted numerous growth strategies such as expansions, new product & service developments, acquisitions, partnerships, contracts, and joint ventures to increase their market shares and enhance their service portfolios.

The strategies of expansions, partnership, and joint venture together accounted for the largest share of all strategic developments that took place in the plastic waste management market between January 2017 and August 2019. Companies such as Veolia Environnement (France), SUEZ (France), Biffa (UK), Covanta Holding Corporation (US), Clean Harbors (US), and Remondis SE & Co. KG (Germany) are the key players operating in the market that adopted these strategies to strengthen their service portfolios, expand their market presence, and enhance their growth prospects in the plastic waste management industry.

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Veolia Environnement is the foremost waste management service provider, which offers various waste management services under its waste management segment. Veolia is among the key global players involved in the management of solid, liquid, non-hazardous, and hazardous waste. It is engaged in the entire lifecycle of waste management from collection to the recovery of waste. The company’s strong customer base has strengthened its position in the plastic waste management market. Moreover, its various growth strategies, such as strategic partnerships, expansions, and agreements, have enabled the company to reach out to fast-growing markets where the concern for environmental services is of paramount interest.

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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))

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Five Quick Tips For Plastic Waste Management Market (Worth $37.9 Billion By 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. Factors such as economic growth, increasing urbanization, industrialization, and changing lifestyles of people have raised the levels of plastic waste generation, which has resulted in an increasing threat to the environment. The awareness about plastic waste management has increased significantly with the progress in consumer education and rising awareness about health & environment. The growing population and the growing income levels of people have generated new opportunities for the plastic waste management industry.

Recent Developments

• In July 2019, SUEZ opened a packaging sorting plant in Germany. It is Europe's most advanced packaging sorting facility. The plant operations include sorting of lightweight packaging, with a capacity of 110,232 tons of waste. This expansion is expected to better the waste management processes in Germany.
• In May 2019, LC Packaging (Netherlands) and Veolia Netherlands signed a strategic partnership for the reduction of flexible packaging waste globally.

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 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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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.