Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 33.22 Billion | USD 39.44 Billion | 2.9% | 2021 |
FrequentlyAsked Questions
The key factors driving the plastic waste management market in the forecast period are increased awareness about environmental issues associated with plastic, as well as government implementation of strict regulations regarding plastic disposal, management, and recycling of toxic materials.
According to the Market Research report, the Plastic Waste Management Market size was worth about 33219.5 (USD million) in 2021 and is predicted to grow to around 39435.3 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 2.9 percent.
During the projection period, Asia Pacific accounted for the greatest revenue share in the market. Rising per capita plastic trash creation, as well as fast urbanization and industrialization, are important reasons driving the demand for this sort of plastic waste management in the Asia Pacific. China is the country with the highest rate of plastic garbage generation. During the projection period, India is expected to have the quickest growth in the regional market.
Some of the main competitors dominating the Plastic Waste Management Market include - Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (US), Waste Connections Inc (Canada), Clean Harbors (US), Biffa (UK), Covanta Holding Corporation (US), Stericycle (US), and Remondis SE & Co. KG (Germany).
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