'Recycled plastics includes packaging' presentation slideshows

Plastic Waste Management Market worth 26,573.3 Million USD by 2020

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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