Plastic waste is generated by the factors such as industrialization, economic growth, changing lifestyles of the people and increasing urbanization, which has resulted in an increasing threat to the environment. Plastics have made important contribution in industrial applications owing to their natural properties such as low bulk densities and inertness. Despite all these benefits, production and changing consumption patterns are rapidly increasing the generation of waste plastics. Growing environmental awareness have prompted plastic recycling program. Due to energy recovery and recycling there has been improvement in plastic waste management.
Global Plastic Waste Management Market: Key Players
The research study includes profiles of leading companies operating in the global plastic waste management market. Key players profiled in the report include: Suez Environment, Stericycle, Covanta Holding, Remondis, Shirai, Vanden, REPLAS and Others.
SUEZ a France based company made a new alliance to end Plastic Waste in the environment with 25 other companies. These are the companies that make, use, sell, process, collect and recycle plastics. They have launched an Alliance that will develop and bring to scale solutions to minimize and manage plastic waste and promote solutions including reusing, recovering and recycling. The Alliance announced an initial set of projects and collaborations that reflects a range of solutions to help end plastic waste, such as partnering with cities to design integrated waste management systems in large urban areas where infrastructure is lacking.
Drivers for the Global Plastic Waste Management Market:
Rising awareness about plastic waste management which is harming the health & environment is one of the factor that is boosting the growth of Plastic Waste Management Market. Governments showing progress in consumer education about environment safety and waste management is also a factor that has led the growth of plastic waste management market.
Opportunities for the Global Plastic Waste Management Market:
Growing population and increasing plastic waste can boost the growth of plastic waste management market in forecast period. Growing income levels of people is leading to increase in plastic waste that shows new opportunities which will boost the growth of plastic waste management market. Renew Ocean Program, that capture plastic waste before it reaches the ocean from the rivers that will boost the growth of plastic waste management market.
Restrains for the Global Plastic Waste Management Market:
Existence of less number of recycling plants in the locality is hampering the growth of plastic waste management market. The mismanagement of plastic waste in plastic waste management plant is contributing to rise in plastic waste that hampers the growth of plastic waste management market.
Region Wise, Global Plastic Waste Management Market Analysis:
Region wise, global plastic waste management market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America held the largest share in the market due to rise in technological advancement in the recycling process of the waste, increasing awareness about plastic waste management in the public. Along with this, Europe is also having maximum share in the plastic waste management market followed by China and India.
Global Plastic Waste Management Market: Product analysis
Global Plastic Waste Management Market: Application analysis
Global Plastic Waste Management Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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