Plastic waste has been a rising concern worldwide. According to the United Nations, global plastic waste production was around 300 million tons in 2018. Therefore, Municipal Plastic Waste Management has become an essential aspect of waste management systems globally. Municipal Plastic Waste Management refers to the waste management process that involves the collection, segregation, transportation, disposal, and recycling of plastic waste generated by municipal areas.
The Global Municipal Plastic Waste Management industry status is rapidly growing, and it is expected to continue its upward trajectory in the coming years. As per market analysts, the global Municipal Plastic Waste Management market size is expected to reach US$6681 million by 2022, indicating a Compound Annual Growth Rate (CAGR) of 2.5% from 2020 to 2022.
The primary applications of Municipal Plastic Waste Management include plastic waste processing, heat energy generation, recycled plastics, and other uses. Plastic waste processing is the primary application of Municipal Plastic Waste Management, which involves segregation and collection of different types of plastic waste. This segregation allows plastics to be recycled into various products such as furniture, automotive parts, packaging materials, etc. The heat energy generation application incorporates the burning of plastic wastes to generate electricity or heat. However, this application is discouraged globally due to its harmful effects on the environment and human health.
The major global manufacturers in the Municipal Plastic Waste Management sector include Veolia Environnement, Suez Environnement, Waste Management, Republic Services, Stericycle, Clean Harbors, ADS Waste Holdings, Progressive Waste Solutions, Covanta Holding, Remondis, Parc, Kayama, Shirai, New COOP Tianbao, China Recyling Development, Luhai, Vanden, Fuhai Lantian, and Shanghai Qihu. These companies are involved in the development, production, and supply of various Municipal Plastic Waste Management solutions globally.
The prospects for Municipal Plastic Waste Management look promising, especially due to the rising awareness about the benefits of plastic waste reduction and an increase in governmental support for the development of sustainable waste management solutions. Additionally, corporations are adopting recycling practices that use recycled content in their products. For instance, Coca-Cola introduced plant-based packaging in 2020 and aims to reach 100% recycled content packaging by 2025.
In conclusion, the Municipal Plastic Waste Management industry is experiencing a rapid growth rate globally, and this trend is expected to continue in the foreseeable future. With governments and corporations prioritizing sustainable waste management, the prospects of this sector are very promising.
The SWOT analysis of the Municipal Plastic Waste Management industry is as follows:
Strengths:
1. High demand: There is a growing demand for plastic waste management services in municipalities due to increasing concerns about environmental pollution.
2. Technology advances: Technological advancements have made plastic waste management more efficient and cost-effective.
3. Regulatory support: Governments and regulatory bodies are supporting plastic waste management initiatives through various policies and regulations.
4. Job opportunities: The industry can provide job opportunities for locals, helping to boost the economy.
5. Resource recovery: The industry promotes resource recovery by recycling plastic waste, which can be used as raw materials for different industries.
Weaknesses:
1. High startup costs: Starting a plastic waste management business can be costly due to the high cost of machinery, labor, and licenses.
2. Limited infrastructure: The infrastructure for waste management in developing countries is often underdeveloped, making it difficult to collect and transport plastic waste.
3. Resistance to change: Municipalities may be resistant to changing their waste management practices, making it challenging to introduce new initiatives.
4. Inefficient waste collection: Inefficient collection and segregation of waste can create further costs and pollution problems.
Opportunities:
1. Market expansion: There is a growing market for plastic waste management services due to increasing environmental awareness and regulations.
2. Innovation: The industry can benefit from innovation and the development of new technologies to make plastic waste management more efficient and effective.
3. Partnerships: The industry can develop partnerships with other stakeholders, such as recyclers and waste pickers, to enhance its operations and reduce costs.
4. Public-private partnerships: Municipalities can enter into public-private partnerships to develop plastic waste management systems that are both cost-effective and efficient.
5. International funding: The industry can tap into international funding opportunities to scale up its operations and improve infrastructure.
Threats:
1. Competition: The industry faces competition from other waste management systems, such as landfills, incineration, and composting.
2. Lack of incentives: The lack of tax incentives and subsidies for plastic waste management can make it challenging to attract investors and expand operations.
3. Political instability: Political instability can create uncertainties and affect the industry's operations, making it challenging to plan for the future.
4. Climate change: Climate change can affect the industry's operations, such as increasing the frequency and severity of natural disasters that can damage infrastructure and disrupt waste management systems.
5. Public perception: Negative public perception of plastic waste can affect the industry's growth and demand for its services.
Key players in global Municipal Plastic Waste Management market include:
Veolia Environnement
Suez Environnement
Waste Management
Republic Services
Stericycle
Clean Harbors
ADS Waste Holdings
Progressive Waste Solutions
Covanta Holding
Remondis
Parc
Kayama
Shirai
New COOP Tianbao
China Recyling Development
Luhai
Vanden
Fuhai Lantian
Shanghai Qihu
Market segmentation, by product types:
Landfill
Recycle
Incineration
Market segmentation, by applications:
Plastic Waste
Heat Energy Generation
Recycled Plastics
Others
Summary:
Get latest Market Research Reports on Municipal Plastic Waste Management. Industry analysis & Market Report on Municipal Plastic Waste Management is a syndicated market report, published as Global Municipal Plastic Waste Management Market Report 2018-2029. It is complete Research Study and Industry Analysis of Municipal Plastic Waste Management market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.