The Plastic Waste Management Global Market Report 2023, provides comprehensive information on the plastic waste management market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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In accordance with The Business Research Company's comprehensive analysis in the Plastic Waste Management Global Market Report for 2023, it is evident that the global plastic waste management market is set to undergo significant growth and transformation. As of 2022, the market size registered at $35.37 billion, with projections indicating a notable increase to $36.72 billion by the year 2023. This anticipated growth is substantiated by a compound annual growth rate (CAGR) of 3.8%, reflecting the industry's commitment to effective waste management practices.

However, the trajectory of this market is not devoid of external influences, with the Russia-Ukraine conflict emerging as a critical disruptor, impacting the global economy's post-COVID-19 recovery, at least in the short term. The consequences of this geopolitical strife include the imposition of economic sanctions on several nations, a surge in commodity prices, and widespread disruptions within supply chains. These factors collectively exert inflationary pressures on goods and services, reverberating across numerous markets on a global scale.

Looking ahead, the global plastic waste management market is poised to further expand, projecting a market size of $43.9 billion by 2027. This evolution is underpinned by a CAGR of 4.6%, underscoring the industry's resilience and adaptability in the face of multifaceted challenges. It reinforces the vital role of efficient plastic waste management in a world marked by both environmental concerns and geopolitical dynamics.

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Technological innovation stands as the central and pivotal trend within the realm of plastic waste management. Notably, key industry players in the plastic waste management sector have embarked on a dedicated journey to harness the power of cutting-edge technologies in order to bolster their positions and contribute to the overall betterment of the market. These visionary companies have, with unwavering commitment, adopted and integrated a wide array of sophisticated technologies, including machine learning, artificial intelligence (AI), satellite mapping, blockchain, nanotechnology, and genetic modification of chemicals, among others.

The primary goal of these technological initiatives is to revolutionize the landscape of plastic waste mitigation, consequently reducing environmental degradation. An exemplary case in point is the groundbreaking collaboration that unfolded in January 2021 when Unilever joined forces with the Alibaba Group, giving rise to China's inaugural large-scale closed-loop plastic recycling system, an AI-powered marvel.

This innovative system is anchored in advanced AI technology, strategically employed in the sorting and storage processes. It possesses the remarkable ability to automatically identify various types of plastic bottles. Consequently, these bottles are re-routed to recycling centers and given new life through the process of reuse, rather than being relegated to degradation. The power of technology, exemplified in such initiatives, is poised to redefine plastic waste management and usher in a new era of sustainability and environmental stewardship, promising a brighter and cleaner future for our planet.

The plastic waste management market is segmented:

1) Plastic Waste Management Market By Services: Collection, Recycling, Incineration, Landfills

2) Plastic Waste Management Market By Source: Residential, Commercial, Industrial

3) Plastic Waste Management Market By Polymer: Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Terephthalate (PET), Other Polymers

4) Plastic Waste Management Market By End User: Packaging, Textile, Consumer Product, Transportation, Building And Construction, Electrical And Electronics, Other End User

North America was the largest region in the plastic waste management market in 2022.

The table of contents in TBRC’s plastic waste management market report includes:

1. Executive Summary

2. Plastic Waste Management Market Characteristics

3. Plastic Waste Management Market Trends And Strategies

4. Plastic Waste Management – Macro Economic Scenario

5. Plastic Waste Management Market Size And Growth

....

26. Africa Plastic Waste Management Market

27. Plastic Waste Management Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Plastic Waste Management Market

29. Plastic Waste Management Market Future Outlook and Potential Analysis

30. Appendix

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