The plastic waste management market is driven by consideration of individuals with respect to the dangers of plastic. Additionally, individuals have understood the significance of overseeing plastic waste previously produced. Accordingly, individuals are looking towards use of reused plastic instead of one-time utilize plastic.
Key Takeaways from Plastic Waste Management Market
- With respect to volume, “landfills” are contributing to the filth. This could be attributed to mismanagement of plastic waste due to less number of incinerators and recycling plants present. However, in future, landfills are expected to reduce with appropriate plastic waste management in place.
- As far as recycled plastic waste is concerned, “packaging” sector is expected to lead from the front in the near future. Sustainable packaging solutions like bottles, films, bags, containers, and several other protective packaging things) are accelerating the demand.
- Coming to value, the Asia-pacific is expected to grow at the fastest rate between 2020 and 2030 due to developing and under-developed economies herein witnessing infrastructural development, which calls for proper plastic waste management.
- Amongst recycling, incineration, and others, recycling holds the largest market share and the status quo is expected to stay unchanged in the upcoming period as well.
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Plastic is a persistent and toxic material. It comprises 5% of Municipal Solid Wastes (MSW), which is a major threat to the environment. Nowadays, plastics are used in day-to-day life for various purposes, which leads to tonnes of plastic waste in our surroundings. Utilization of plastic waste in road construction can reduce the cost of construction as well as pollution index of environment to an appreciable extent.
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The plastic waste water management market is making inroads to mitigate the ill-effects of plastic. The stupendous task of plastic waste management will continue, but after Covid-19 effect cools off.
- Veolia Environnement
- SUEZ
- Waste Connections Inc.
- Republic Services
- Clean Harbors
- Covanta Holding Corporation
- Biffa
- Remondis SE & Co. KG
- and Stericycle
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