Global Plastic Waste Management Market Size Growth Report 2023-2030

Описание: The plastic waste management market size was around USD 33219.5 million in 2021 and is estimated to grow to about USD 39435.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 2.9 percent over the forecast period.

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Plastic waste is described as the buildup of used plastic things in the environment. Over half of all plastic produced in the world is used for single-serve applications. When disposed of, the plastic is non-biodegradable and might remain intact for a long time. Plastic garbage that is not properly disposed of causes major environmental and human health problems. 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.

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The adoption of bottles made from recycled plastics over those made from polymers derived from oil products is increasing market expansion, as is the packaging industry's increased demand for recyclable raw materials. Additionally, the development in industry and urbanization have an impact on the plastic waste management market. Furthermore, the development of the circular economy, the establishment of corporate and public sector partnerships in waste management, and the expanding demand for waste management in emerging countries provide attractive opportunities to market participants.

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