Plastic Waste Management Market (By Service: Collection, Recycling, Incineration, Landfills; By Polymer: Polypropylene, Low density polyethylene, High density polyethylene, Polyvinyl chloride, Terephthalate, Others; By Source: Residential, Commercial, Industrial; By End Use: Packaging, Textile, Consumer product, Transportation, Building & construction, Electrical & electronics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global plastic waste management market size was valued at USD 36.99 billion in 2023 and it is expected to hit over USD 57.39 billion by 2032 with a registered CAGR of 5% from 2023 to 2032.
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The Asia Pacific plastic waste management market size reached US$ 12.74 billion in 2022 and is predicted to touch US$ 19.14 billion by 2032 with a CAGR of 4.20% between 2023 to 2032.
Asia-Pacific dominated the plastic waste management market in 2022. This is due to increasing industrialization and the application of severe legislation pertaining to plastic waste management and disposable processes.
North America is expected to develop at the fastest rate during the forecast period and to reach at a CAGR of 15.5%. This is attributed to rising awareness of the need to reduce the carbon impact caused by plastic waste.
Plastic recycling contributes to the value-added advantages of plastic by reducing its toxicity. Recycled plastic can also be used to make bottles, containers, bags, films, and other packaging products that are environmentally friendly. The reprocessing waste materials and waste plastics is growing owing to the numerous benefits associated with it, including a reduction in the amount of waste transported to landfills and incinerators, conservation of natural resources, and prevention of pollution.
Due to supportive policies and growing public awareness about the dangers of plastic waste, the plastic waste management program is widely used in North America and Europe. The increased recycling rates are predicted to give an exceptional opportunity for developing and emerging economy activities and employment creation all around the world. Furthermore, it is projected to provide a better plastic waste management system, cut fossil fuel usage, and minimize greenhouse gas emissions.
Machine learning and big data are paving the way for new growth opportunities in the plastic waste management industry. These technologies can save time and allow for more efficient resource planning. As a result, the overall cost of operation would be reduced. In addition, satellite-based identification of ocean plastic debris could pinpoint the specific location of densely populated places. Companies are saving time and resources by utilizing such devices to gather plastic trash.
Report Coverage | Details |
Market Size by 2032 | USD 57.39 Billion |
Growth Rate from 2023 to 2032 |
CAGR of 5% |
Packaging Segment Market Share in 2022 | 45% |
North America Makret Growth Rate | CAGR of 15.5% from 2023 to 2032 |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | Service, Polymer, Source, End Use, Geography |
Companies Mentioned | Veolia Environment, Waste Connections Inc., Covanta Holding Corporation, Stericycle, SUEZ, Waste Management Inc., Clean Harbors, Waste Connections Inc., Remondis SE, Biffa |
Plastic garbage output has increased as a result of factors such as economic expansion, increasing urbanization, industrialization, and people’s changing lifestyles, posing an increasing threat to the environment. With advances in consumer education and rising knowledge about health and the environment, there has been a substantial increase in awareness regarding plastic waste management. The plastic waste management sector has seen new prospects as the population and income levels of individuals have risen.
Plastic recycling is a critical need in society because it not only ensures energy recovery but also reduces carbon emissions. For every ton of recycled plastic, roughly seven yards of land may be saved form landfills, and over 80% of energy can be saved for the creation of brand-new plastic material. Plastic is a very inexpensive and flexible material that is used to make a wide range of products, including carpets, garbage bags, textiles, films, bottles, and containers. Over the projected period, this plastic recycling technique will be enhanced to boost the plastic waste management market.
Furthermore, one of the major factors driving the plastic waste management market is the rise in government initiatives aimed at building an effective integrated waste management system for the conservation of natural resources and the protection of soil from contamination. Government and other regulatory authorities are increasingly contributing to the development of an effective waste management infrastructure facility around the world, resulting in the development of an efficient waste disposal management system. This is propelling the plastic waste management market even further.
The lack of skilled professionals and lack of knowledge of plastic waste management systems such as gathering, dispensing, and removal of plastic trash, storage control, transportation, and allocation are the factors limiting the growth of the global plastic waste management market. The plastic waste management system poses a significantly difficulty. Furthermore, the high cost of recycling and the presence of hazardous compounds are regarded as market limitations.
In 2022, the recycling segment dominated the plastic waste management market. This is attributed to tight government policies and a huge increase in recycling infrastructure. The recycled plastic has variety of applications.
The collection segment is predicted to develop at the quickest rate in the future years. The most vital as well as the most difficult service is collection. The residential, commercial, and industrial plastic garbage collection services are provided by key market players in the plastic waste management market.
The polypropylene segment dominated the plastic waste management market in 2022. Polypropylene is readily available, inexpensive, and adaptable to a variety of production techniques, making it ideal for both domestic and industrial uses.
The low-density polyethylene segment is expected to witness growth at a CAGR of 18% in 2022. The garbage can liners, floor tiling, furniture, trashcans, compost bins, and paneling are all made from recycled low-density polyethylene.
In 2022, the residential segment dominated the plastic waste management market. Plastics are an important part of everyday life and are widely employed in domestic applications.
The commercial segment, on the other hand, is predicted to develop at the quickest rate in the future years. The growing commercial spaces around the world including malls, office buildings, retail stores, and restaurants are expected to fuel plastic demand, resulting in a large volume of garbage.
The packaging segment accounted revenue share of around 45% in 2022. This is due to the rising demand for plastics in product packaging to protect, preserve, convey, and display data.
The consumer product segment is fastest growing segment of the plastic waste management market in 2022 and reach at a CAGR of 3.5%. This is owing to the widespread use of plastic in consumer goods around the world.
The mergers and acquisitions, partnerships, new product development, business expansions, collaborations, supply contracts, agreements, and contracts are some of the important marketing strategies used by the major market players to maintain their market position.
Segments Covered in the Report
By Service
By Polymer
By Source
By End Use
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plastic Waste Management Market
5.1. COVID-19 Landscape: Plastic Waste Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plastic Waste Management Market, By Service
8.1. Plastic Waste Management Market, by Service Type, 2023-2032
8.1.1. Collection
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Recycling
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Incineration
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Landfills
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Plastic Waste Management Market, By Polymer
9.1. Plastic Waste Management Market, by Polymer, 2023-2032
9.1.1. Polypropylene
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Low density polyethylene
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. High density polyethylene
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Polyvinyl chloride
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Terephthalate
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Plastic Waste Management Market, By End Use Type
10.1. Plastic Waste Management Market, by End Use Type, 2023-2032
10.1.1. Packaging
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Textile
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Consumer product
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Transportation
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Building & construction
10.1.5.1. Market Revenue and Forecast (2020-2032)
10.1.6. Electrical & electronics
10.1.6.1. Market Revenue and Forecast (2020-2032)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Plastic Waste Management Market, By Source Type
11.1. Plastic Waste Management Market, by Source Type, 2023-2032
11.1.1. Residential
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Commercial
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Industrial
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Plastic Waste Management Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Service (2020-2032)
12.1.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.1.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.1.5.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.1.6.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.2.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.2.5.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.2.6.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.2.7.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.2.8.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.3.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.3.5.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.3.6.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.3.7.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.3.8.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.4.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.4.5.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.4.6.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.4.7.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.4.8.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.5.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.5.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.5.5.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Source Type (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Polymer (2020-2032)
12.5.6.3. Market Revenue and Forecast, by End Use Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Source Type (2020-2032)
Chapter 13. Company Profiles
13.1. Veolia Environment
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Waste Connections Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Covanta Holding Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Stericycle
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. SUEZ
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Waste Management Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Clean Harbors
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Waste Connections Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Remondis SE
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Biffa
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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