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Global Plastic Waste Management Market Poised to Save the Day as Countries and Governments Tackle Overflowing Landfills


Albany, NY -- (SBWIRE) -- 10/02/2018 -- added a new research report about the global plastic waste management to its online depository. The research report, titled "Global Market Study on Plastic Waste Management: Recycling Processing Services to Remain Dominant Through 2026", presents a fair case of the market. It highlights the drivers and the restraints to help the readers understand the course this market is likely to take. The publication is designed to give its readers a holistic perspective to enable them to make well-informed business decisions.

The global plastic waste management market is expected to grow at a steady pace in the coming years as the global population comes to realize the disastrous effects of using plastic over several decades. Overflowing landfills, irreparable damage to flora and fauna, damaged marine life, and rising global temperature are some of the obvious effects that need immediate attention. These issues have given the global plastic waste management market a shot in arm and opened up avenues to not just generate revenue for vendor but an indelible impact on the ecology. Vendors operating in the global plastic waste management market are expected to constantly seek economical ways of managing the plastic waste with the least possible impact to the environment.

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On the basis of the nature of service, the global plastic waste management market is segmented into disposal and processing. The processing segment is further segmented into incineration, recycling and others. Out of these, the processing segment holds over 50% of the market and is expected to continue its dominance in the coming years as well. Ban on landfills across various countries in Europe is projected to up the demand for recycling, which is an integral part of the processing segment, in the coming years. Analysts anticipate that post-consumer plastic waste will continue to drive this segments as governments across Europe and other developed parts of the world find it to be an underutilized resource.

On the basis of geography, the global plastic waste management market is segmented into Latin America, North America, Europe, China, India, Japan, SEA and Pacific, and the Middle East and Africa. Out of these, the North America plastic waste management market is expected to make a significant contribution to the development of global plastic waste management market in the coming years. Higher level of awareness about harmful effects of plastic in developed parts of North America have, since years, created lucrative opportunities for plastic waste management market. Efforts taken and initiatives implemented by the governments in North America countries to reduce landfills and carbon emissions have also benefited the plastic waste management market in the region. Asia Pacific is also expected to make a remarkable contribution to the plastic waste management market as India emerges to take strict action against hazardous effects of plastic.

The leading players defining the competitive landscape of the global plastic waste management market are B.Schoenberg & CO., INC., Custom Polymers, Inc., The WasteCare Group, Advanced Environmental Recycling Technologies, Inc., REPLAS, Clear Path Recycling, PLASgran Ltd., Shanghai Pret Composites Co., Ltd., wTe Corporation, Carbon LITE Industries, LUXUS Ltd., KW Plastic, Inc., Republic Services, Inc., Kuusakoski Group, Reprocessed Plastic, Inc., Vanden Global Ltd., 4G Recycling Inc., TerraCycle, and Veolia Environmental SA. The research report includes profiles these players, their financial outlooks, and their business and marketing strategies. Market experts have also pointed out the possible lucrative areas that these players should focus on in the coming years.