Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Press Release - Global Plastic Waste Management Ma | Page 2

players incorporate acquisition, collaboration, partnership, and expansion, in order to gain
competitive advantage in this market and to maintain their market position. These key players
compete based upon pricing, and services. Vendors operating in the market strive to deliver
the best services based on innovative technologies, and best practices. Plastic Waste
Management market demonstrates a high growth potential which is likely to attract many
entrants to the market resulting in to intensified competition further.
Industry News
In November 2017, Suez announced has plans to produce high-quality circular polymers
together with chemicals company and plastics manufacturer LyondellBasell. Under this
agreement, LyondellBasell will be a 50/50 partner with Suez in Quality Circular Polymers
(QCP), which is a “high standard plastic recovering company” located in Sittard-Geleen near
Maastricht in the Netherlands.
In August 2017, Flight Plastics Ltd. A part of Flight Group Ltd., spent USD 8.8 million on a full
upgrade at its facility, including a wash plant for PET bottles. The wash plant and other work
at the facility enables Flight Plastic to produce thermoformed packaging from recycled PET
bottles. USD 2.9 million (NZ $4 million) of the total was a grant from the New Zealand
government's Waste Minimization Fund, which supports projects that reduce environmental
harm.
In July 2017, Veolia UK, environmental services firm has acquired the manufacturing assets of
East London plastic bottle recycling firm, Closed Loop Recycling, in Dagenham, East London.
In July 2017, plastic recyclinng firm, Vanden Recycling, has opened a new plastic processing
facility in Whittlesey, Cambridgeshire a part of its UK expansion plans. The new facility has
been equipped with shredding, granulation and baling equipment and has a front-end
material inspection and preparation area. The plant also has the flexibility to handle multiple
plastic streams such as ABS, HDPE, LDPE, PC, PET, PMMA, PP PS and PVC and to quickly
alternate plant set up between different customer requirements.
In June 2016, SUEZ has completed the acquisition of Perthwaste, provides waste management
services to metropolitan Perth and the south west of Western Australia. The company has a
large and well established customer base across local government and commercial markets.
The acquisition is completed at the value of AU$ 87 million
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Regional Analysis of Plastic Waste Management Market:
Besides, plastic waste management being well established in North America & Europe, the
rise in the number of government regulations on waste management in the region, especially
for the food & beverages industry, drives the plastic waste management market in the
developed region like the U.S. Recycling of plastic is prime need of society because it not only
ensures energy recovery but also reduces carbon footprint.