The global Plastic Waste Management Market size was USD 36.96 Billion in 2021 and is expected to register a revenue CAGR of 5.4% over the forecast period, according to the latest report by Reports and Data.
Due to the fact that it not only provides energy recovery but also lowers carbon emissions, plastic recycling is a crucial need in society. Seven yards of land could be kept out of landfills for every tonne of recycled plastic, and almost 80% of the energy used to make new plastic could be spared. Carpets, trash bags, textiles, films, bottles, and containers are just a few examples of the numerous things that may be made from plastic, which is a relatively affordable and versatile material. This plastic recycling method will be improved during the anticipated time period to expand the plastic waste management market.
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Top Companies: Veolia Environment, Waste Connections Inc., Covanta Holding Corporation, Stericycle, SUEZ, Waste Management Inc., Clean Harbors, Waste Connections Inc., Remondis SE, Biffa
Further Key Finding from the Report Suggestion:
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Plastic Waste Management market is segmented into:
Service Outlook (Revenue, USD Billion; 2019-2030)
Polymer Outlook (Revenue, USD Billion; 2019-2030)
Source Outlook (Revenue, USD Billion; 2019-2030)
End Use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook:
Key Questions Addressed in the Report:
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The post Plastic Waste Management Market Size to Reach USD 59.33 Billion at a CAGR of 5.4% by 2030 | Reports and Data appeared first on Market O Graphics.