Plastic is used extensively for several domestic and industrial purposes, but plastic waste has become a major concern in developing countries. Plastic waste dumped in coastal regions is making its ways to oceans and rivers and polluting them. Plastic is non-degradable and releases toxins which are harmful to human and animal health thus, plastics waste issue needs to be dealt with smart solutions like recycling, burning in incinerators, ban of plastic bags and promoting paper or fabric bags. Rising urbanization, industrialization and increasing awareness among people are some of the reasons demanding growth of plastic management companies around the globe.
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Furthermore, these bins for private households with modern sensor technology or in other words smart bins have been adopted only by a few countries including Santander in Spain and Montreal in Canada. However, in several regions smart bins are being implemented in public places.
Rising urbanization across the globe is demanding smart waste management solutions in order to create higher operational efficiency as well as waste reduction in cost effective methods. Moreover, these days majority of municipal waste collection operates aiming on clearing the containers as per predefined timetables. However, certainly this is inefficient process to empty the half-full bins by making unnecessary use of city assets as well as excessive fleet fuel consumption.
The global plastic waste management industry is segmented into several classifications including polymer type, services, sources, end-use sector industry, and regional analysis. Based on the product type the market is categorized by polystyrene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. On the basis of services segment analysis the market is divided into landfills, collection, recycling, and energy recovery. Furthermore, source segment analysis the market is classified into industrial, residential, commercial & institutional, and others. Based on the regional analysis, the market is widely range to Europe, North America, Asia Pacific, Middle East & Africa, South America.
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Leading players of the global plastic waste management market include TM Recycling GmbH., Kuusakoski Group, Hermion BV., PLASgran Ltd., Think Plastics Inc., Hawkvale Limited, Hahn Plastics Limited, Renova, Inc., Luxus Limited, United Plastic Recycling, and more others.
Key Segmentation of the Global Plastic Waste Management Market 2018-2025
Global Plastic Waste Management Market: Polymer Type Segment Analysis
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
Global Plastic Waste Management Market: Services Segment Analysis
- Energy Recovery
Global Plastic Waste Management Market: Source Segment Analysis
- Commercial & Institutional
Global Plastic Waste Management Market: End-Use Sector Industry Segment Analysis
- Wood and Furniture
Global Plastic Waste Management Market: Regional Analysis
- North America
- Asia Pacific
- Middle East & Africa
- South America
- Latin America
What to expect from the Global Plastic Waste Management Market report?
– Predictions of future made for this market during the forecast period.
– Information on the current technologies, trends, devices, procedures, and products in the industry.
– Detailed analysis of the market segmentation, depending on the types, devices, and products.
– Government regulations and economic factors affecting the growth of the market.
– An insight into the leading manufacturers.
– Regional demographics of the market.
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