The Global Plastic Waste Management Services Market is valued at approximately USD 25,047.88 million in 2018 and is anticipated to grow with a healthy growth rate of more than 3.00% over the forecast period 2019-2026. Plastic waste management service refers to approaches and strategies used to recycle plastic materials that would otherwise be dumped into landfills, or bodies of water, or otherwise contaminate the environment.
The idea behind this type of waste management is to utilize those discarded materials to manufacture new plastic products without the need to actually generate additional plastic materials.
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Growth in awareness programs towards waste management practices is one of the major factors responsible for the high CAGR of the market. Rising demand from developing economies is the factor that offers growth opportunities. Also, shifting preference towards recycled plastic is contributing to the growth of the global Plastic Waste Management Services market. Further, it offers several benefits such as less disposal to landfill and less overall harm to the environment and meeting legal obligations that regulate their demand across various regions. However, the absence of infrastructure for plastic waste collection & segregation and less participation of source sectors towards waste management are the factors anticipated to hamper the market growth during the forecast period.
The regional analysis of the global Plastic Waste Management Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising demand for Plastic Waste Management Services in the region. Europe also contributes a significant growth in the global market during the forecast period. Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026 due to rising concern towards the environment among people across the region.
Major market player included in this report are:
- B. Schoenberg & Co. Inc.
- Advanced Environmental Recycling Technologies Inc.
- Clear Path Recycling
- PLASgran Ltd.
- Custom Polymers Inc.
- Carbon LITE Industries
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Plastic Waste
- Heat Energy Generation
- Recycled Plastics
- The U.S.
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- The historical year 2016, 2017
- The base year 2018
- Forecast period 2019 to 2026
Target Audience of the Global Plastic Waste Management Services Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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