Plastic waste management
is demarcated as the discipline linked with the control of storage, gathering, allocation & transportation, dispensation & clearance of wastes in such a way that is in concurrence with the principles of public health, economics, industrial and preservation. Growing industrialization and developing consumer awareness have pushed the growth of the global plastic waste management market. The Plastic Waste Management Market is predictable to observe substantial growth in the forthcoming due to the emergent apprehension of the ecological influence of accruing plastics. The market for cast-off plastics is anticipated to understand demand in the packaging sector. The global market for plastic waste management airs penetrating competition from governmental, municipalities, and private foundations. Global plastic waste management market
is segmented by polymer types, which includes PP, LDPE, HDPE, PVC, others. There are various end-user industries associated with plastic waste management solutions such as packaging, construction, textile, automobile, others.
Global plastic waste management market is segmented by services & equipment. Services include assembly, recycling, incineration, transportation and clearance whereas equipment comprises of assembly & transportation, equipment, garbage truck, recycling equipment, palletizer, extruder, label separator and others. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the plastic waste management market and future opportunities are provided in the report.
Asia-Pacific (APAC) is the noticeable market for plastic waste management with China and India developing as growth economies for plastic waste management, followed by North America and Europe in 2015. The APAC region is projected to account for the biggest market share. North America and Europe have numerous recognized plastic waste management companies due to the inclination of companies in the region to take up capital concentrated ventures, along with the accessibility of technical proficiency.
The key players in Plastic waste management Market are:
- British Plastics Federation
- Hitachi Zosen Corporation
- Ihi Corporation
- National Waste & Recycling Association