Plastic Waste Management Market Size

Plastic Waste Management Market size was over USD 32.7 billion in 2024 and is likely to reach USD 54.86 billion by the end of 2037, growing at around 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of plastic waste management is assessed at USD 33.77 billion. The primary factor that is attributed to the plastic waste management market expansion is the 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 over the forecast period. Also, the 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.