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The global plastic waste management market is projected to be valued at around USD 26,573.3 Million by 2020, growing at a CAGR of 3.02% from 2015 to 2020. Factors such as increasing urban population, industrialization, and growing consumer awareness have propelled the growth of the global plastic waste management market. Concerns about the environment and well-being of mankind and other habitants on the earth have resulted in governments imposing stringent regulations to minimize the impact of waste and its harmful byproducts on the environment. Strict laws have been enforced by the governments for the management of plastic waste in order to reduce solid waste accumulating in landfills. Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient packaging are some of the factors that are driving the plastic waste management market. Certain factors such as the lack proper infrastructure and low participation of waste generators in waste management hinder the growth of this industry.
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Plastic Waste Management Market worth 26,573.3 Million USD by 2020 The report “Plastic Waste Management Market by Service & Equipment (Collection, Recycling, Incineration, Disposal), Polymer (PP, LDPE, HDPE), Source (Commercial, Residential, Industrial), End-Use Sector (Packaging, Construction, Textile) - Global Forecast to 2020”,defines and segments the plastic waste management market, along with the analyses and projections of the market size. It also identifies the driving and restraining factors for the plastic waste management market with the analysis of trends and opportunities. The global plastic waste management market is projected to be valued at around USD 26,573.3 million by 2020, growing at a CAGR of 3.02% from 2015 to 2020. The strict laws pertaining to waste management and disposal and increasing awareness of the adverse impact of accumulating plastic waste have led the public sector such as municipalities and the private sector which involves companies offering environmental services such as collection and recycling of plastic waste. Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=80259244 The end-use sector for recycled plastics includes packaging, furniture, building & construction, automotive, and textile & clothing. Packaging products made from recycled plastics occupied the largest market share in 2014, and is also projected to grow at the highest CAGR during the forecast period. Increasing urban population, stringent laws & regulations enforced by the government, and increasing consumer awareness, are the main drivers of the plastic waste management market. The plastic waste management market is expected to witness significant growth in the future due to the growing concern of the environmental impact of accumulating plastics. The market for recycled plastics is projected to experience high demand in the packaging sector. The global market for plastic waste management faces intense competition from governmental, quasi-governmental, municipalities, and private sources. The cost of operations of each company varies according to the area they operate in, the type of waste collected, risk of handling, and disposal. The regulations imposed in different countries also affect the margins of the company. Developing markets such as China and India are emerging as growth economies for plastic waste management. Growing economies, the increasing population, and the resultant disposable income of people act as the main drivers for increased opportunities in these countries. The leading players in the market include Veolia Environnement S.A. (France), SUEZ Environnement Company (France), Waste Management Inc. (U.S.), Republic Services Inc. (U.S.), and Stericycle Inc. (U.S.). Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=80259244 Scope of the report On the basis of services, this market has been segmented as follows: oCollection & transportation Collection & transportation equipment oRecycling Recycling equipment oIncineration Incineration equipment
oDisposal Disposal equipment On the basis of sources, this market has been segmented as follows: oResidential oCommercial & institutional oIndustrial oOther sources (waste generated due toconstruction & demolition activities and agricultural waste) On the basis of polymer type, this market has been segmented as follows: oPolypropylene (PP) oLow-density polyethylene (LDPE) oHigh-density polyethylene (HDPE) oPolyvinyl chloride (PVC) oPolyurethane (PUR), polystyrene (PS) oPolyethylene terephthalate (PET) oOthers (thermoset and thermoplastics not included in the above segmentation such as SPI code 7 plastics, melamine formaldehyde, bakelite, and other polyester resins.) On the basis of end-use sector, the recycled plastics market has been segmented as follows: oPackaging oTextile & clothing oFurniture oAutomotive oBuilding & construction oOthers (electrical & electronic components & appliances, specific application in aerospace & defense, toys, and other stationery products.) On the basis of region, this market has been segmented as follows: oNorth America oEurope oAsia-Pacific oRoW(South Africa, Nigeria, and Brazil) Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=80259244 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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