Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor PR_Plastic Waste Management_Written by Sourjya | Page 2

However, the existing plastic recycling processes are complex and incur high-cost. At the same
time, the market requires innovations to make the process simpler and more effective to ease
up the market advancements.
Industry Trend:
The Environmental Protection Agency (EPA) has recently announced aggressive measures for
cleanup and remediation of landfills. Along with the deregulatory agenda of the Trump
administration, this measure could impact severe changes at the federal level.
Recently, UBQ Materials, an Israeli company, has claimed that they can convert waste into plastic
gold and in the process can make landfills obsolete. The procedure turns unsorted garbage into
a bio-based thermoplastic composite which requires no water with low carbon emission levels.
Segmentation:
The global market of plastic waste management can be segmented by source, service &
equipment, polymer, and end-user.
By source, the market can be segmented into residential, commercial and industrial. Residential
segment dominated the market in 2016 and given the current scenario it can record a
phenomenal growth in the coming future. Rapid urbanization and increasing adoption of waste
management can ensure the top spot for the segment.
Service & equipment includes collection, recycling, incineration, and disposal. Recycling has
numerous advantages such as cost reduction and conservation of power which make it a popular
choice for various end-user industries. Therefore, the segment can experience a spiraling
expansion during the review period.
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Polymer-wise the segment consists polypropylene (PP), low-density polyethylene (LDPE), high-
density polyethylene (HDPE), polyvinyl chloride (PVC), and others. Polypropylene is widely
available and cheap. Its features make it a market-friendly component, and it dominated the
market in 2016. The segment is to continue its dominance during the review period as well.
The end-user segment comprises packaging, building & construction, textile & clothing,
automobile, and others. Packaging sector has a vast application for plastics, and even after the
primary application, the sector has a quick recycling solution for plastics. This helps the sector
dominate the market with great fervor and can continue to do so during the prognosis period.
Regional Analysis:
The plastic waste management market can be segmented into North America, Europe, Asia
Pacific (APAC), and Rest-of-the-World (RoW).