Global Plastic Waste Management Market Trends, Forecast Report 2025-2037
Plastic Waste Management Market size is set to increase from USD 32.7 billion to USD 54.86 billion, witnessing a CAGR of around 4.2% during the forecast period, from 2025 through 2037. In the year 2025, the industry size of plastic waste management is assessed at USD 33.77 billion.
The market expansion is attributed to recent growth in the plastic industry, rising new techniques to treat plastic waste, and increasing initiatives by government and private key players. Recent reports suggest that the total value of the United States plastic shipments was around USD 400 billion in 2020.
Rapid industrialization, rising urbanization, and increasing concern about the environmental impact of improper plastic waste management are anticipated to drive the market growth. Also, high utilization rate is expected to bring in more plastic waste in the world, thus, expanding the plastic waste management market size. As of 2019, it was estimated that in the United States, almost 40 million tons of plastic are used every year.
Plastic Waste Management Sector: Growth Drivers and Challenges
Growth Drivers
- Rapid Production of Plastic Goods Throughout the World – The plastic waste management market is anticipated to significantly grow owing to the high utilization of plastic in a wide range of applications. Increasing usage of plastic generates plastic waste, which is non-degradable and is responsible for significant greenhouse gas emissions that can lead to huge ecological crises. Therefore, the growing need for proper disposal management of plastic waste is anticipated to drive the market over the forecast period. As per the latest reports by Organization for Economic Co-operation and Development, it was estimated that tlobal plastic production rose from 2000 to 2019 and stood up at approximately 460 million tons.
- High Demand for Plastic Products Owing to Rising Use in Every Packaging – The recent data disclosed in 2022, around one million plastic bottles are purchased every minute and around five trillion plastic bags are used every year across the world.
- Growth in Waste Generation with Increasing Fast-Food Centers, Beverages, and Other Product Manufacturing – As per a report published in 2022, it was estimated that 300 million tons of plastic waste are produced every year. Further, plastic wastage generation is growing at an annual rate of 9%.
- Rising Concern of Plastic Recyclability Among People – Recent report published in 2022, anticipated that around 90% of plastic is not recycled.
- Increasing Environmental Concern and Rising Awareness Among People on Eco-Friendly Products – As per a survey conducted in 2019, about 33% of people chose sustainable products, 35% of them looked for eco-friendly packaging, and over 405 of people avoided plastic use as much as possible.
Challenges
- The Lack of Availability of Treatment Plants
- The shortage of treatment plants is the major problem faced by plastic waste management. The increasing plastic waste and high capital investment required for setting up a plant are hampering the market growth. The lack of skilled labor to involve in the process of treatment and growing operating costs with fewer profit margins negatively affects the market growth.
- Requirement of High Capital Investment
- Increased Operating Costs
Plastic Waste Management Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.2% |
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Base Year Market Size (2024) |
USD 32.7 billion |
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Forecast Year Market Size (2037) |
USD 54.86 billion |
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Regional Scope |
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Plastic Waste Management Segmentation
Source (Residential, Commercial, Industrial)
The residential segment is expected to garner majority of plastic waste management market share by 2037, owing to a high number of residential buildings across the world, rapid urbanization, and a growing population across the world. The United States Census Bureau stated that there were around 142,153,010 housing units in the U.S. as of June 2021.
Our in-depth analysis of the global plastic waste management market includes the following segments:
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By Service |
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By Polymer |
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By Source |
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By End-Use |
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Customize this ReportPlastic Waste Management Industry - Regional Synopsis
Asia Pacific Market Forecast
The Asia Pacific region plastic waste management market is predicted to account for majority share by the end of 2037, owing to generation of large amounts of plastic waste. As per a recent report, it is poised that Asia Pacific would be responsible for approximately 70% of global mismanaged plastic waste by 2025. Further, the high plastic consumption rate in the various countries of the Asia Pacific region is estimated to fuel the market revenue. In 2019, the estimated volume of plastics used in China amounted to just over 90 million metric tons.
Companies Dominating the Plastic Waste Management Landscape
- Republic Services, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Biffa plc
- Waste Management, Inc.
- SUEZ
- Covanta Holding Corp.
- Veolia Environnement SA
- CLEAN HARBORS, INC.
- Hitachi Zosen Corporation
- Stericycle Inc.
- REMONDIS SE & Co. KG
In the News
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Republic Services, Inc. and Archaea Energy enters into a partnership to launch RNG facility at Middle Point Landfill through the companies' Lightning Renewables, LLC joint venture. The project will convert the gas that naturally occurs as the waste into pipeline-quality RNG that can be used alternative to fossil fuels.
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Biffa plc has successfully acquired Scotland’s only postconsumer plastics recycling facility (PRF) from Green Circle Polymers Ltd. The acquisition enables the company’s plastics to quadruple its plastic recycling capacity by 2030.
Author Credits: Rajrani Baghel
- Report ID: 2770
- Published Date: Jan 28, 2025
- Report Format: PDF, PPT
