Plastic Waste Management Market Estimated To Witness High Growth Owing To Rising Environmental Concerns
Plastic Waste Management Market The plastic waste management market is estimated to be valued at US$ 35.71 billion in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Plastic waste management involves the collection, recovery, disposal and treatment of varied forms of plastic waste. Plastic is a versatile material that provides lightweight and durable solution for packaging and other applications. However, its accumulation in the environment poses serious health and environmental hazards. There is growing focus on deploying sustainable solutions for plastic waste collection and treatment. Market Dynamics: Rising environmental concerns over plastic accumulation in landfills and oceans is a key factor driving growth of plastic waste management market. According to United Nations Environment Programme, nearly 300 million tons of plastic waste are produced gl...