Title: Plastic Waste Management Market - Forecast (2022 - 2027)
1Plastic Waste Management Market Market size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Plastic Waste Management Market size is expected
to be valued at US30.5 billion by the end of the
year 2026 and the market is set to grow at a CAGR
of 3.05 during the forecast period from
2021-2026. Plastic recycling helps in providing
value-added benefits to the plastic by making
them less toxic. Recycled plastics can also be
used for various sustainable packaging solutions
such as bottles, containers, bags, films and
other packaging products. The trend
of reprocessing waste materials and recovering
waste plastics has been on the increase, owing to
the many benefits associated such as reduced
number of wastes sent to landfills
incinerators, conserving natural resources and
preventing environmental pollution.
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- Key Takeaways
- The growing commercial spaces such as malls,
hospitals, educational institutions, restaurants
and others is contributing to the creation of
plastic wastes which is, in turn, increasing the
opportunities for disposal management and plastic
waste management market. - The increase in government initiatives and
regulatory body frameworks related to waste
management infrastructure is increasing the
demand for the plastic waste management market. - Amid the Covid-19 pandemic, the plastic waste
management market witnessed a major downfall due
to the various restrictions laid down by
countries across the globe.
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By Distribution Channel- Segment
Analysis Polypropylene segment held the largest
share of 32 in the plastic waste management
market in the year 2020. Polypropylene is used in
a wide range of applications such as plastic
packaging, plastic parts for machinery
equipment, fibers and textiles. The increase in
the use of such applications is one of the major
factors contributing to the production of
polypropylene polymer. According to Plastics
Europe Market Research Group (PEMRG), the total
world production of plastics stood at 368 million
tonnes in the year 2019, an increase of 2.5 from
the previous year 2018 production of 359 million
tonnes. Furthermore
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- Plastic Waste Management Market
Outlook - Custom Polymers Inc
- KW Plastic Inc
- Clear Path Recycling
- Shanghai Pret Composites Co. Ltd
- Republic Services Inc
- Reprocessed Plastic Inc
- Biffa Plc
- 4G Recycling Inc
- The WasteCare Group
- B.Schoenberg CO., INC
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Plastic Waste Management Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/1517
4/plastic-waste-management-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
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