The new report by Expert Market Research titled, ‘Global Plastic Waste Management Size, Share, Price, Trends, Growth, Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global plastic waste management market, assessing the market based on its polymer type, service and equipment, source, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 32.9 Billion
• Forecast CAGR (2021-2026): 3.04%
• Forecast Market Size (2026): USD 39.4 Billion
Plastic garbage output has increased as a result of factors such as expanding urbanisation, industrialisation, economic expansion, and people’s changing lifestyles, posing an increasing environmental concern. As a result of the increasing requirement for plastic waste management as a result of increased plastic waste output, the sector is predicted to rise.
Industry Definition and Major Segments
The increased use of plastic is generating plastic garbage, which is non-biodegradable and is responsible for considerable greenhouse gas emissions, which can lead to massive ecological problems. As a result, the growing requirement for appropriate plastic waste disposal management is expected to drive the market throughout the forecast period.