The global plastic waste management market is expected to be valued at USD 40.80 billion by 2027 from USD 32.46 billion in 2019, registering a CAGR of 2.8% through the forecast period, according to the latest report by Emergen Research. Maintaining the image of the company, encouraging the notion of sustainable growth, reducing the use of plastics that destroy soil fertility are the main factors that affect the market. There are toxic chemicals in plastics that increase the death rates of all living species on the earth.
Global authorities have held many official conferences during the last decade to tackle this dynamic and dangerous problem of plastic waste management. People’s search of a healthy, peaceful life has contributed to an increase in demand for goods and services. The level of emissions and the waste of products has also risen due to a rise in the level of consumption, causing detrimental effects on the environment. In order to plan and deliver renewable energy systems, such as fuel cells, batteries, and even solar power, plastics are used.
The global plastic waste management industry, consisting of many small start-ups, medium-sized companies, and large conglomerates, is expected to remain in a competitive and highly fragmented state in the near future.
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For the purpose of this report, Emergen Research has segmented the Global Plastic Waste Management Market based on polymer type, source, service, application, and region:
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