Plastic Waste Management Market Size, Trends and Insights By Type (Mechanical, Biological, Chemical), By Service (Collection, Recycling, Incineration), By Source (Residential, Commercial, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI36122

Published Date: December 2023

Pages: 320+

Category: Water & Sludge Treatment

Report Snapshot

CAGR: 4.2%
34.30B
2022
34.94B
2023
44.30B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Waste Management Inc.
  • Veolia Environnement S.A.
  • Covanta Holding Corporation
  • Republic Services Inc.
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

Global Plastic Waste Management Market is poised for significant growth from 2023 to 2032, driven by the increasing awareness of environmental concerns and the need for sustainable waste management practices.

The market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 4.2% during this period. In 2023, the market is estimated to be valued at USD 34.94 Billion, and it is projected to reach USD 44.30 Billion by 2032.

Plastic waste management solutions, encompassing mechanical, biological, and chemical methods, play a pivotal role in addressing the challenges posed by escalating plastic waste generation worldwide.

Factors Influencing the Plastic Waste Management Market Growth:

Waste Sorting Technologies:

  • Mechanical Recycling: Mechanical recycling involves processes such as shredding, melting, and molding to convert plastic waste into new products, reducing the demand for virgin plastics and promoting a circular economy.
  • Biological Recycling: Biological recycling, including composting and anaerobic digestion, focuses on organic waste decomposition, contributing to the reduction of plastic pollution and the generation of renewable energy.
  • Chemical Recycling: Chemical recycling utilizes various technologies to break down plastic polymers into monomers, enabling the production of high-quality plastics and facilitating the recycling of complex plastic waste streams.

Service Portfolio:

  • Collection Services: Collection services involve the gathering and transportation of plastic waste from various sources, including residential, commercial, and industrial sectors, to designated waste management facilities.
  • Recycling Services: Recycling services encompass the processing of collected plastic waste through mechanical, biological, or chemical methods to produce recycled materials for use in manufacturing new products.
  • Incineration Services: Incineration services involve the controlled burning of plastic waste to generate energy, reduce landfill volumes, and address waste-to-energy conversion needs.

Waste Source Diversity:

  • Residential Waste: Residential plastic waste, generated from households, represents a significant source for plastic waste management, necessitating efficient collection and recycling programs.
  • Commercial Waste: Plastic waste generated in commercial establishments, such as offices and businesses, requires tailored waste management solutions to address the unique composition and volumes of commercial plastic waste.
  • Industrial Waste: Plastic waste generated in industrial processes demands specialized waste management strategies to handle diverse plastic materials and ensure effective recycling or disposal.

Regulatory Framework:

  • Government Regulations: Stringent regulations and policies mandating plastic waste reduction, recycling targets, and extended producer responsibility (EPR) drive the adoption of comprehensive plastic waste management practices.
  • Plastic Bans: Bans on single-use plastics and restrictions on certain plastic products contribute to the growing emphasis on sustainable plastic waste management alternatives.

Circular Economy Initiatives:

  • Closed-Loop Systems: The implementation of closed-loop systems, where recycled plastics are reintegrated into the production cycle, supports the circular economy concept, reducing the reliance on virgin plastics.
  • Circular Design Principles: The adoption of circular design principles in product manufacturing promotes recyclability and facilitates the efficient management of plastic waste throughout its lifecycle.

Technological Innovations:

  • Smart Waste Management: The integration of technology, such as IoT sensors and data analytics, enhances the efficiency of plastic waste collection, sorting, and recycling processes, optimizing resource utilization.
  • Advanced Sorting Technologies: Advancements in sorting technologies, including AI-based systems and robotic sorting, contribute to the accurate separation and recycling of different plastic materials.

Public Awareness and Education:

  • Environmental Consciousness: Increasing public awareness of the environmental impact of plastic pollution encourages individuals and communities to actively participate in plastic waste reduction and recycling initiatives.
  • Education Programs: Educational programs focusing on plastic waste management and recycling practices foster a sense of responsibility among individuals and promote sustainable behaviors.

Market Consolidation and Partnerships:

  • Mergers and Acquisitions: Strategic mergers and acquisitions among key players in the plastic waste management sector contribute to market consolidation and the development of integrated waste management solutions.
  • Partnerships and Collaborations: Collaborative efforts between waste management companies, recycling facilities, and technology providers enhance the development and implementation of innovative plastic waste management solutions.

Global Plastic Waste Management Market – Mergers and Acquisitions:

Waste Management, Inc.’s Acquisition of Advanced Disposal Services, Inc.:

  • Details: Waste Management, Inc., a leading waste management company, acquired Advanced Disposal Services, Inc., strengthening its position in the waste management sector, including plastic waste management.
  • Impact: The acquisition enhances Waste Management’s capabilities to provide a more comprehensive range of waste management services, including advanced solutions for plastic waste.

Veolia Environnement S.A.’s Partnership with TOMRA Systems ASA:

  • Details: Veolia Environnement S.A., a global environmental services company, partnered with TOMRA Systems ASA, a leader in sorting technologies, to enhance plastic recycling capabilities.
  • Impact: The collaboration leverages Veolia’s expertise in waste management with TOMRA’s advanced sorting technologies, contributing to improved plastic recycling efficiency.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Plastic Waste Management Market Water Quality Sensor Market Wastewater Treatment System Market
CAGR 4.2% (Approx) CAGR 8.5% (Approx) CAGR 6% (Approx)
USD 44.30 Billion by 2032 USD 10.8 Billion by 2032 USD 196.5 Billion by 2032

Challenges Impacting the Plastic Waste Management Market:

Contamination in Plastic Waste Streams:

  • Challenge: Contamination of plastic waste streams with non-recyclable materials hinders the effectiveness of recycling processes and reduces the quality of recycled plastic materials.
  • Impact: Implementing strict waste sorting practices, public education on recycling guidelines, and advanced sorting technologies are crucial for minimizing contamination and enhancing recycling efficiency.

Lack of Infrastructure:

  • Challenge: Insufficient waste management infrastructure, especially in developing regions, poses challenges in effectively collecting, sorting, and recycling plastic waste.
  • Impact: Investments in the development of modern waste management infrastructure, supported by public-private partnerships, are essential to address the lack of facilities and promote sustainable plastic waste management.

Complexity of Plastic Materials:

  • Challenge: The diverse composition of plastic materials, including various types and blends, makes it challenging to develop standardized recycling processes for all plastic waste streams.
  • Impact: Research and development efforts focused on innovative recycling technologies capable of handling diverse plastic materials are essential to address the complexity of plastic waste.

Limited Market for Recycled Plastics:

  • Challenge: Limited market demand for recycled plastics, coupled with the lower cost of virgin plastics, can impact the economic viability of plastic recycling operations.
  • Impact: Encouraging the use of recycled plastics through regulatory incentives, promoting sustainable consumer behavior, and collaborating with industries to create demand for recycled materials are crucial for expanding the market.

Extended Producer Responsibility (EPR) Implementation:

  • Challenge: The effective implementation of Extended Producer Responsibility (EPR) programs, where manufacturers bear the responsibility for managing the end-of-life of their products, may face challenges in enforcement.
  • Impact: Strengthening regulatory frameworks, monitoring and enforcement mechanisms, and collaboration with producers are necessary for the successful implementation of EPR programs.

Plastic-to-Fuel Challenges:

  • Challenge: Plastic-to-fuel technologies, while promising, face challenges related to scalability, energy efficiency, and environmental concerns.
  • Impact: Continued research and development, pilot projects, and collaboration with the energy sector are essential to overcome challenges and maximize the potential of plastic-to-fuel technologies.

Inadequate Consumer Awareness:

  • Challenge: Limited awareness among consumers about the environmental impact of plastic waste and the importance of proper waste disposal and recycling practices.
  • Impact: Educational campaigns, community outreach programs, and initiatives to raise awareness about plastic waste management and recycling contribute to building a more informed and responsible consumer base.

Landfill Dependency:

  • Challenge: The continued reliance on landfill disposal for plastic waste in some regions poses environmental risks, including soil and water contamination.
  • Impact: Implementing policies to reduce landfill dependence, promoting alternative waste management methods, and incentivizing sustainable disposal practices contribute to addressing this challenge.

Packaging Design Challenges:

  • Challenge: The design of packaging materials with limited consideration for recyclability and sustainability contributes to the generation of plastic waste.
  • Impact: Encouraging eco-friendly packaging designs, advocating for industry-wide sustainability standards, and collaboration between packaging manufacturers and waste management entities are essential to address this challenge.

Microplastic Pollution Concerns:

  • Challenge: Microplastic pollution, resulting from the fragmentation of larger plastic items, poses environmental and health concerns.
  • Impact: Implementing measures to prevent microplastic pollution, such as reducing single-use plastics, improving waste management practices, and enhancing water treatment processes, are crucial for mitigating the impact.

Illegal Dumping and Littering:

  • Challenge: Illegal dumping and littering of plastic waste contribute to environmental degradation, particularly in urban and coastal areas.
  • Impact: Strengthening enforcement mechanisms, implementing public awareness campaigns on responsible waste disposal, and engaging communities in anti-littering initiatives help address this challenge.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 34.94 Billion
Projected Market Size in 2032 USD 44.30 Billion
Market Size in 2022 USD 34.30 Billion
CAGR Growth Rate 4.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Service, Source and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Plastic Waste Management Market:

By Type:

  • Mechanical Recycling: Mechanical recycling processes involve the physical transformation of plastic waste into recycled materials through methods such as shredding, melting, and molding.
  • Biological Recycling: Biological recycling methods, including composting and anaerobic digestion, focus on the decomposition of organic components in plastic waste.
  • Chemical Recycling: Chemical recycling technologies break down plastic polymers into monomers, allowing the production of high-quality plastics from complex plastic waste.

Global Plastic Waste Management Market 2023–2032 (By Billion)

www.custommarketinsight.com

By Service:

  • Collection Services: Collection services involve the gathering and transportation of plastic waste from various sources to designated waste management facilities.
  • Recycling Services: Recycling services encompass the processing of collected plastic waste through mechanical, biological, or chemical methods to produce recycled materials.
  • Incineration Services: Incineration services involve the controlled burning of plastic waste to generate energy and reduce landfill volumes.

By Source:

  • Residential Waste: Residential plastic waste, generated from households, represents a significant source for plastic waste management.
  • Commercial Waste: Plastic waste generated in commercial establishments, such as offices and businesses, requires tailored waste management solutions.
  • Industrial Waste: Plastic waste generated in industrial processes demands specialized waste management strategies to handle diverse plastic materials.

Global Plastic Waste Management Market 2023–2032 (By Service)

www.custommarketinsight.com

Regional Analysis of the Plastic Waste Management Market:

North America:

  • Market Overview: North America leads in adopting comprehensive plastic waste management practices, driven by stringent regulations, advanced waste management infrastructure, and public awareness.
  • Factors Driving Growth: Government initiatives, corporate sustainability commitments, and technological advancements contribute to the growth of the Plastic Waste Management Market in North America.

Europe:

  • Market Overview: Europe emphasizes the circular economy and sustainable waste management, with robust recycling infrastructure and initiatives to reduce plastic pollution.
  • Factors Driving Growth: EU directives, national waste management policies, and collaborations between public and private sectors contribute to the growth of the Plastic Waste Management Market in Europe.

Asia-Pacific:

  • Market Overview: The Asia-Pacific region experiences significant growth in the Plastic Waste Management Market, driven by rising plastic consumption, urbanization, and increasing awareness of environmental issues.
  • Factors Driving Growth: Government initiatives, investments in waste management infrastructure, and awareness campaigns contribute to the increasing demand for plastic waste management solutions in Asia-Pacific.

Global Plastic Waste Management Market 2023–2032 (By Source)

www.custommarketinsight.com

List of the prominent players in the Plastic Waste Management Market:

  • Waste Management Inc.
  • Veolia Environnement S.A.
  • Covanta Holding Corporation
  • Republic Services Inc.
  • SUEZ S.A.
  • Stericycle Inc.
  • Remondis SE & Co. KG
  • Sims Limited
  • Biffa plc
  • Clean Harbors Inc.
  • Advanced Disposal Services Inc.
  • TOMRA Systems ASA
  • Waste Connections Inc.
  • Plastic Energy Ltd.
  • Recology Inc.
  • Others

The Plastic Waste Management Market is segmented as follows:

By Type

  • Mechanical
  • Biological
  • Chemical

By Service

  • Collection
  • Recycling
  • Incineration

By Source

  • Residential
  • Commercial
  • Industrial

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Plastic Waste Management Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Plastic Waste Management Market: snapshot
  • Chapter 3. Global Plastic Waste Management Market – Industry Analysis
    • 3.1 Plastic Waste Management Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Waste Sorting Technologies
      • 3.2.2 Service Portfolio
      • 3.2.3 Waste Source Diversity
      • 3.2.4 Regulatory Framework
      • 3.2.5 Circular Economy Initiatives
      • 3.2.6 Technological Innovations
      • 3.2.7 Public Awareness and Education
      • 3.2.8 Market Consolidation and Partnerships.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Service
      • 3.7.3 Market Attractiveness Analysis By Source
  • Chapter 4. Global Plastic Waste Management Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Plastic Waste Management Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Plastic Waste Management Market – Type Analysis
    • 5.1 Global Plastic Waste Management Market Overview: By Type
      • 5.1.1 Global Plastic Waste Management Market Share, By Type, 2022 and 2032
    • 5.2 Mechanical
      • 5.2.1 Global Plastic Waste Management Market by Mechanical, 2023 – 2032 (USD Billion)
    • 5.3 Biological
      • 5.3.1 Global Plastic Waste Management Market by Biological, 2023 – 2032 (USD Billion)
    • 5.4 Chemical
      • 5.4.1 Global Plastic Waste Management Market by Chemical, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Plastic Waste Management Market – Service Analysis
    • 6.1 Global Plastic Waste Management Market Overview: By Service
      • 6.1.1 Global Plastic Waste Management Market Share, By Service, 2022 and 2032
    • 6.2 Collection
      • 6.2.1 Global Plastic Waste Management Market by Collection, 2023 – 2032 (USD Billion)
    • 6.3 Recycling
      • 6.3.1 Global Plastic Waste Management Market by Recycling, 2023 – 2032 (USD Billion)
    • 6.4 Incineration
      • 6.4.1 Global Plastic Waste Management Market by Incineration, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Plastic Waste Management Market – Source Analysis
    • 7.1 Global Plastic Waste Management Market Overview: By Source
      • 7.1.1 Global Plastic Waste Management Market Share, By Source, 2022 and 2032
    • 7.2 Residential
      • 7.2.1 Global Plastic Waste Management Market by Residential, 2023 – 2032 (USD Billion)
    • 7.3 Commercial
      • 7.3.1 Global Plastic Waste Management Market by Commercial, 2023 – 2032 (USD Billion)
    • 7.4 Industrial
      • 7.4.1 Global Plastic Waste Management Market by Industrial, 2023 – 2032 (USD Billion)
  • Chapter 8. Plastic Waste Management Market – Regional Analysis
    • 8.1 Global Plastic Waste Management Market Regional Overview
    • 8.2 Global Plastic Waste Management Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Plastic Waste Management Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Plastic Waste Management Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Plastic Waste Management Market, by Type, 2023 – 2032
      • 8.4.1 North America Plastic Waste Management Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Plastic Waste Management Market, by Service, 2023 – 2032
      • 8.5.1 North America Plastic Waste Management Market, by Service, 2023 – 2032 (USD Billion)
    • 8.6 North America Plastic Waste Management Market, by Source, 2023 – 2032
      • 8.6.1 North America Plastic Waste Management Market, by Source, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Plastic Waste Management Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Plastic Waste Management Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Plastic Waste Management Market, by Type, 2023 – 2032
      • 8.8.1 Europe Plastic Waste Management Market, by Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Plastic Waste Management Market, by Service, 2023 – 2032
      • 8.9.1 Europe Plastic Waste Management Market, by Service, 2023 – 2032 (USD Billion)
    • 8.10 Europe Plastic Waste Management Market, by Source, 2023 – 2032
      • 8.10.1 Europe Plastic Waste Management Market, by Source, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Plastic Waste Management Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Plastic Waste Management Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Plastic Waste Management Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Plastic Waste Management Market, by Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Plastic Waste Management Market, by Service, 2023 – 2032
      • 8.13.1 Asia Pacific Plastic Waste Management Market, by Service, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Plastic Waste Management Market, by Source, 2023 – 2032
      • 8.14.1 Asia Pacific Plastic Waste Management Market, by Source, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Plastic Waste Management Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Plastic Waste Management Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Plastic Waste Management Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Plastic Waste Management Market, by Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Plastic Waste Management Market, by Service, 2023 – 2032
      • 8.17.1 Latin America Plastic Waste Management Market, by Service, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Plastic Waste Management Market, by Source, 2023 – 2032
      • 8.18.1 Latin America Plastic Waste Management Market, by Source, 2023 – 2032 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Plastic Waste Management Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Plastic Waste Management Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Plastic Waste Management Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Plastic Waste Management Market, by Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Plastic Waste Management Market, by Service, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Plastic Waste Management Market, by Service, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Plastic Waste Management Market, by Source, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Plastic Waste Management Market, by Source, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Waste Management Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Veolia Environnement S.A.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Covanta Holding Corporation
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Republic Services Inc.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 SUEZ S.A.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Stericycle Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Remondis SE & Co. KG
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Sims Limited
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Biffa plc
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Clean Harbors Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Advanced Disposal Services Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 TOMRA Systems ASA
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Waste Connections Inc.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Plastic Energy Ltd.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Recology Inc.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Waste Management Inc.
  • Veolia Environnement S.A.
  • Covanta Holding Corporation
  • Republic Services Inc.
  • SUEZ S.A.
  • Stericycle Inc.
  • Remondis SE & Co. KG
  • Sims Limited
  • Biffa plc
  • Clean Harbors Inc.
  • Advanced Disposal Services Inc.
  • TOMRA Systems ASA
  • Waste Connections Inc.
  • Plastic Energy Ltd.
  • Recology Inc.
  • Others

FAQs

The key factors driving the Market are Waste Sorting Technologies, Service Portfolio, Waste Source Diversity, Regulatory Framework, Circular Economy Initiatives, Technological Innovations, Public Awareness and Education And Market Consolidation and Partnerships.

The key players in the market are Waste Management Inc., Veolia Environnement S.A., Covanta Holding Corporation, Republic Services Inc., SUEZ S.A., Stericycle Inc., Remondis SE & Co. KG, Sims Limited, Biffa plc, Clean Harbors Inc., Advanced Disposal Services Inc., TOMRA Systems ASA, Waste Connections Inc., Plastic Energy Ltd., Recology Inc., Others.

“North America” had the largest share in the Plastic Waste Management Market.

The global market is projected to grow at a CAGR of 4.2% during the forecast period, 2023-2032.

The Plastic Waste Management Market size was valued at USD 34.94 Billion in 2023.

PURCHASE OPTIONS

$

3490


$

4490


$

5490


$

1950


powerbi pdf
$

6200

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • PDF, Excel, Power Point and Power BI.
  • Every Year Free Update ( Apr – Apr)
  • Personalized market brief by author
  • Can be accessible by unlimited users.
  • Free 50% or 90 hours of customization.
  • Up to 50 Company Profiles
  • Free post-sale service assistance with guarantee
  • 40% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account team.
  • Service guarantee available.

Want to customize this report?
100% FREE CUSTOMIZATION!