Covid-19 Impact on Plastic Waste Management Market

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Covid-19 Impact on Plastic Waste Management
Market Research Report By Forecast To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Covid-19 Impact on Plastic Waste Management
Market Research Report - Forecast to 2023
Global Covid-19 Impact on Plastic Waste
Management Market Information by Service
Equipment (Collection, Recycling, Incineration,
Disposal), Polymer (PP, LDPE, HDPE), Source
(Commercial, Residential, Industrial), End-Use
Sector (Packaging, Construction, Textile) and by
Region - Global Forecast to 2023.
The global Covid-19 Impact on Plastic Waste
Management Market is deemed to experience a
moderate CAGR of 3 during the review period
(2017-2023), asserts Market Research Future
(MRFR). Plastic has recently emerged as an
indispensable component for various applications.
Along with it, an increasing awareness can also
be witnessed regarding the plastic waste
management as it supports the restoration of
fossil fuel energy. Various market players are
now implementing innovations and opening up
several avenues for the market to prosper. For
instance, Veolia has joined hands with Plastic
Odyssey to design a catamaran entirely driven by
energy produced by plastic waste. SUEZ and the
CAPEB have recently signed a contract to increase
awareness among the building contractors to
effectively promote waste management. The key
market players are SUEZ Environnement Company
(France), Republic Services Inc. (U.S.), Waste
Management Inc. (U.S.), Veolia Environnement S.A.
(France), Stericycle Inc. (U.S.), Remondis SE
Co. KG (Germany), ADS Waste Holdings, Inc.
(U.S.), and others.
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Covid-19 Impact on Plastic Waste Management
Market Research Report - Forecast to 2023
Drivers and Restraints
Growing ecological concern has led to the
adoption of plastic waste management worldwide.
This effective waste management method is ensured
to leave a minimal carbon footprint by saving
landfills and conserving up to 80 of the energy
for the production of new plastic-based
components. The industrial application for the
recycled plastic products can propel the market
of plastic waste management. Governments of
various nations are also showing a keen interest
in this plastic waste management procedure.
Hazards related to plastic usage has given rise
to concerns regarding its usage. Governments are
now imposing several stringent measures and
stipulations to lower the carbon footprint,
therefore, giving rise to the implementation of
plastic waste management. However, the existing
plastic recycling processes are complex and incur
high-cost. At the same time, the market requires
innovations to make the process simpler and more
effective to ease up the market advancements.
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Covid-19 Impact on Plastic Waste Management
Market Research Report - Forecast to 2023
Segmentation
Covid-19 Impact on Plastic Waste Management
Market can be segmented by source, service
equipment, polymer, and end-user. By source, the
market can be segmented into residential,
commercial and industrial. Residential segment
dominated the market in 2016 and given the
current scenario it can record a phenomenal
growth in the coming future. Rapid urbanization
and increasing adoption of waste management can
ensure the top spot for the segment. Service
equipment includes collection, recycling,
incineration, and disposal. Recycling has
numerous advantages such as cost reduction and
conservation of power which make it a popular
choice for various end-user industries.
Therefore, the segment can experience a spiraling
expansion during the review period. Polymer-wise
the segment consists polypropylene (PP),
low-density polyethylene (LDPE), high-density
polyethylene (HDPE), polyvinyl chloride (PVC),
and others. Polypropylene is widely available and
cheap. Its features make it a market-friendly
component, and it dominated the market in 2016.
The segment is to continue its dominance during
the review period as well. The end-user segment
comprises packaging, building construction,
textile clothing, automobile, and others.
Packaging sector has a vast application for
plastics, and even after the primary application,
the sector has a quick recycling solution for
plastics. This helps the sector dominate the
market with great fervor and can continue to do
so during the prognosis period.
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Covid-19 Impact on Plastic Waste Management
Market Research Report - Forecast to 2023
Regional Analysis
The Covid-19 Impact on Plastic Waste Management
Market can be segmented into North America,
Europe, Asia Pacific (APAC), and
Rest-of-the-World (RoW). Plastic waste
management has proven itself as a useful economic
measure as it generates much revenue for the
government. In Europe and North America, the
sector is well-established as the governments in
these regions have already implemented a number
of stringent regulations to curb the CO2 emission
rate. PlasticsEurope has recently announced a
strategy that would prohibit any plastic leakage
in the environment by harmonizing the policies of
various European nations by 2030. North America
is going to benefit much from Chinas ban on
waste imports including plastic. The ban will
enforce a strategic shift in North Americas
plastic recycling policies. APAC region is
currently experiencing a steady growth due to
unawareness and lackadaisical approach of the
governments in implementing necessary measures.
However, countries such as India China, Japan,
and South Korea are showing some positive steps.
India has launched a campaign Swachh Bharat to
reduce the amount of garbage produced and promote
recycling. Chinas ban on waste import has forced
developed countries to reconsider and check their
plastic addiction.
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Covid-19 Impact on Plastic Waste Management
Market Research Report - Forecast to 2023
Objective of Studies

• To provide detailed analysis of the market
  structure along with forecast of the various
  segments and sub-segments of the global Covid-19
  Impact on Plastic Waste Management Market
• To provide insights about factors affecting the
  market growth
• To analyze the Covid-19 Impact on Plastic Waste
  Management Market based on various factors- price
  analysis, supply chain analysis, porters five
  force analysis etc.
• To provide historical and forecast revenue of the
  market segments and sub-segments with respect to
  four main geographies and their countries- North
  America, Europe, Asia, and Rest of the World
  (ROW)
• To provide country level analysis of the market
  with respect to the current market size and
  future prospective
• To provide country level analysis of the market
  for segment by type, by application, by end users
  and sub-segments.
• To provide strategic profiling of key players in
  the market, comprehensively analyzing their core
  competencies, and drawing a competitive landscape
  for the market
• To track and analyze competitive developments
  such as joint ventures, strategic alliances,
  mergers and acquisitions, new product
  developments, and research and developments in
  the global Covid-19 Impact on Plastic Waste
  Management Market

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