Latest Report on Plastic Waste Management Market by Goldstein Research

New York,USA, 2018-Nov-19 — /EPR Network/ —According to Goldstein Research, major driving factor for the growth of plastic waste management market is the rising environmental consciousness that has led to governments coming up with stringent laws for the waste management and recycling of hazardous materials. The packaging industries are the major contributors towards plastic waste from the plastic packaging, plastic shopping bags, PET bottles, and many other appliances using plastic as the major component.  The advanced trends of fresh food packaging market have increased the shelf life, and durability of the other products. But, it gradually increased the dependence on the plastic based products. Recycling of HDPE polymers is growing at a rate of 7.1% annually, and it has the largest market share in application of polymers in 2016.Packaging industry contributed 38.2% plastic waste in 2016. Global Plastic Waste Management Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe.

Additionally, Europe has the largest share of 47.2% in global plastic waste management market in 2016; with Germany, Belgium, Switzerland, Sweden, Netherlands, Denmark, and the U.K. are some of the major countries ahead in the plastic recycling.

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Market Segmentation

On the basis of our in-depth analysis, global plastic waste management market can be segmented as follows:

By Methods of Waste Management

  • Recycling
  • Incineration/Combustion
  • Disposal
  • Plasma Gasification
  • Composting
  • Landfills

By Material

  • PET (Polyethylene terephthalate)
  • HDPE (High-density polyethylene plastics
  • V (Vinyl)
  • LDPE (Low-density polyethylene)
  • PP (Polypropylene)
  • PS (Polystyrene)
  • Others (combination of 2 or more)

By Source

  • Residential
  • Industrial
  • Packaging Industry
  • Textile & clothing Industry
  • Furniture Industry
  • Automotive Industry
  • Construction Industry
  • Other Industries

Based on Geography

  • North America (U.S. & Canada) Plastic waste management Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Plastic waste management Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Plastic waste management Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Plastic waste management Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Plastic waste management Market {Market Share (%), Market Size(USD Billion)}

On the basis of source, industrial segment generated a revenue share of 83.2% in overall plastic waste management market. The industrial wastes such as from packaging, textile, construction industries were the major contributors in plastic waste. Growing demand for nano filtration procedures and advancement in plastic waste management solutions are also likely to trigger textile industrial waste management market which is projected to reach approximately USD 3.0 billion by 2024.

Moreover,  increasing waste from various sources,  difficult processes of sorting, government regulation towards waste management and need for having faster processes in waste management to handle the waste produced have triggered the adoption of advanced technologies such as Artificial Intelligence (AI) in waste management. For effective implementation of waste management strategies, robotic has a leading role in fastening the process for further recycling and reducing the cost.  A two arm robot can sort 4,000 picks per hour, showing the greater capacity than the human manpower. Goldstein Research analyst forecast that the global waste sorting robots market size is set to reach USD 12.24 billion by 2024 growing at a CAGR of 16.4% over the forecast years

 

 “Global Plastic waste management Market Outlook 2024” contains a detailed overview of the global plastic waste management market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by methods of waste management, by material and by source.

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Further, for the in-depth analysis, Global Plastic Waste Management Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Veolia Environnement S.A., SUEZ Environnement Company, Waste Management Inc., Republic Services Inc., and StericycleInc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global plastic waste management market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this global plastic waste management market report

  • What is the global plastic waste management market size by 2024 and what would be the expected growth rate of sales?
  • What are the plastic waste management market trends?
  • What are the dynamics which are driving this market?
  • What are the major barriers to plastic waste management market growth?
  • Who are the prominent vendors in this market space?
  • What are the market prospects for the current and entry level players?

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