Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Plastic Waste Management Market_Written by | Page 2

On the flip side, existing plastic recycling processes with complex procedures and high cost are presumed
to impede the market growth in the coming years.
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Global Plastic Waste Management Market: Segmental Analysis
The global plastic waste management market has been segmented on the basis of polymer, service and
equipment, source, end-user, and region.
By mode of service and equipment, the global plastic waste management market has been segmented
into incineration, recycling, disposal, and collection. Among these, the recycling segment is presumed
dominate the global market and is estimated to maintain its dominance during the review period. The
growth is attributed to the several advantages of recycling coupled with increasing government initiative
to promote recycling.
By mode of polymer, the global plastic waste management market has been segmented into polyvinyl
chloride (PVC), low-density polyethylene (LDPE), polypropylene (PP), and high-density polyethylene
(HDPE). Among these, propylene is presumed to dominate the global market and is considered to be the
fastest growing polymer segment. The growth is attributed to the cheap cost and high availability of
propylene.
By mode of source, the global plastic waste management market has been segmented into industrial,
commercial, and residential. Among all these, the residential segment is likely to dominate the global
market and is considered to register a phenomenal growth during the review period. The growth is
attributed to the rapid urbanization along with residential waste.
By mode of end-user, the global plastic waste management market has been segmented into automobile,
packaging, textile & clothing, building & construction, and others. Among all these, the packaging segment
is considered to dominate the global market and is considered to expand at the highest CAGR during the
review period. The growth is attributed to the wide range of application in the packaging sector.
Regional Insights
The plastic waste management span across four major regions such as Europe, North America, Asia Pacific,
and Rest-of-the-World.
The market is well established in the North American and European regions owing to the several
government initiatives and regulations in order to curb down carbon emissions. The Asia Pacific region is
considered to witness a moderate growth rate due to reluctance and unawareness among the
government to promote waste management. However, countries like India, Japan, China, and South Korea
are showing positive steps towards waste management. For instance, India has launched Swachh Bharat
campaign to reduce the amount of garbage produced on a regular basis and promote recycling.
Industry Updates
CABKA Group, a German firm, which specializes in the production of new products made from recovered
materials and plastics recycling will be inaugurating an 800 m² research center in Valencia, Spain. The