Plastic Waste Management Services Market Outlook 2025: Global Market Size, Share, Analysis Growth and Opportunities Outlook

The global Plastic Waste Management market size is anticipated to reach USD 35.10 billion by 2026.

In 2017, the recycling segment accounted for the highest share in the market in terms of revenue.

Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.The significant initiatives taken by the public and private sector for environmental protection coupled with initiatives aimed at use of recyclable packaging solutions majorly drive the market growth.

Increasing demand for sustainable packaging solutions, increasing trend towards recycled plastic, and growing use of recyclable plastic packaging in various sectors boosts the market growth.

Stringent regulations enforced by governments worldwide, and growing initiatives to promote sustainable waste management practices are expected to provide growth opportunities in the during the forecast period.

Request a sample this report by clicking the link below:https://www.polarismarketresearch.com/industry-analysis/plastic-waste-management-market/request-for-sampleThere are numerous ways in which plastic wastes can be managed like landfilling, incineration and recycling.

The global Plastic Waste Management Market size is projected to reach USD 41.58 billion by 2027, exhibiting a CAGR of 3.1% during the forecast period.

Unchecked plastic pollution levels during the COVID-19 pandemic is expected to create unique growth opportunities for the market, suggests Fortune Business Insights™ in its report, titled “Plastic Waste Management Market Size, Share & Industry Analysis, By Source (Industrial Waste and Municipal Waste), By Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polystyrene and Others), By Product Type (Packaging, Construction, Automotive, Electrical & Electronics and Others), By Treatment Method (Collection, Recycling and Disposal {Landfilling & Incineration}) and Regional Forecast, 2020-2027”.The COVID-19 outbreak has triggered a race for production personal protective equipment (PPE), which are mostly made from plastic.

However, their sustainable disposal, especially the disposal of single-use plastic, has sparked fears among environmentalists and academicians as PPE contain large amounts of micro-plastics.

For example, the World Wide Fund estimates that if just 1% of the 1 billion masks used in Italy every month are discarded improperly, it could lead to accumulation of 10 million plastic masks in environment, causing unprecedented pollution.

However, owing to supply chain disruptions, the market growth will be moderate for the present year.List of Players Profiled in the Plastic Waste Management Market Research Report are:Envac Group (Sweden)Recology (USA)Stericycle Inc. (USA) Remondis AG & Co. Kg (Germany)Covanta Holdings Corporation (USA)Biffa PLC (U.K.)SUEZ Group (France)TANA Oy (Finland)ALBA Group (Germany)Republic Services Inc. (USA)Hitachi Zosen Corporation (Japan)Clean Harbors Inc. (USA)Veolia Environment S.A. (France)Waste Management Inc. (USA)Gain More Insights into the Plastic Waste Management Industry Research Report https://www.fortunebusinessinsights.com/plastic-waste-management-market-103063Market DriverProactive Initiatives by Governments to End Plastic Pollution to Boost the MarketGovernments worldwide are taking decisive steps to curb the menace of plastic pollution, which is likely to stoke the plastic waste management market growth in the coming years.

In the US, cities such as San Diego are actively prohibiting the use of Styrofoam, a commonly used plastic in disposable dishes, spoons, and forks.

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.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80259244 In terms of volume, the landfills segment is projected to lead the plastic waste management market from 2019 to 2024.Based on service, the landfills segment is projected to dominate the plastic waste management market, in terms of volume, from 2019 to 2024.

Presence of less number of recycling plants and incinerators leads to mismanagement of waste, contributing to the rise in plastic waste disposals and landfills.In terms of value, the packaging segment in the recycled plastic waste market is projected to grow at the highest CAGR during the forecast period.Based on the end-use application, the packaging segment in the recycled plastic waste market is projected to grow at the highest CAGR, in terms of value, during the forecast period.

Various benefits of recycled plastics (such as reduction of pollution and lesser dependence on fossil fuels) and its wide application in sustainable packaging solutions (such as containers, bottles, bags, films, and other protective packaging products) drive its demand.♦ Speak To Analyst – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=80259244 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.