23-Sep-16 The Plastic Waste Management Market is projected to Grow steadily from 2015 to 2020 and reach US$26,573.3 million by 2020, as per MarketsandMarkets.
The types of plastic waste generated include polymers such as polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polyurethane (PUR), polystyrene (PS), and polyethylene terephthalate (PET). The segmentation based on services offered under plastic waste management are divided into collection & transportation of plastic waste, recycling, incineration, and disposal.
The sources of plastic waste are residential, commercial & institutional, and industrial. The recycled plastics market is divided according to its end-use sector into, packaging, building & construction, textile & clothing, automotive, and furniture. The final segment, region, comprises the four main regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). 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.
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