North America Plastic Waste Management Market was valued at USD 10 billion in 2021 and the market size is projected to grow at a CAGR of 4 % over the forecast period.
The recycling process contributes to the value-added benefits of plastic by reducing its toxicity. Recycled plastics can also be used to make bottles, containers, bags, films, and other packaging products that are eco-friendly. The trend of recycling waste materials and recovering waste plastics is increasing, owing to the lots of benefits associated with it, including a reduction in the amount of waste transported to landfills and incinerators, preservation of natural resources, and prevention of pollution.
North America Plastic Waste Management Market Scope:
Between 2022 and 2029, the industry for the North America Plastic Waste Management market is anticipated to develop at the fastest CAGR. Market approximations and estimations are provided in this study. This Stellar market research (SMR) study examines and analyses the trends, obstacles, and opportunities in the North America Plastic Waste Management Market. The purpose of this report is to provide a strategic overview of the North America Plastic Waste Management industry, including important submarket contributors, current growth trends, and future development projections. The SMR study includes a country-by-country segmentation as well as North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America. Analyses of the major competitive advantages, market positions, and strategic preferences of main industry actors are examined. Profiles of the top participants in the market are also provided, together with details on their most recent competitive victories, investments, strategic goals, and competitive environment.
North America Plastic Waste Management Market Overview:
The Stellar Market Research (SMR) report analyses the manufacturer's problems and market growth variables in addition to the company's strategy, operational practises, and expansion-oriented financial approach. Being flexible and having a thorough awareness of market prospects may help you satisfy some consumers' needs. Stellar Industry Research analyses the main competitors in the market as well as the overall competitive landscape. Given the current situation of the industry, structuring may benefit from reading this research report on the North America Plastic Waste Management market.
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North America Plastic Waste Management Market Dynamics:
North America accounted for the market's second-largest revenue share. In terms of collecting and treatment, the region has a well-established market. The North American market's primary growth element is the large presence of solid waste management firms and their distribution network. The United States held the largest proportion of the region in 2021, and the region is expected to grow at a rate of 4.4 % during the forecast period. The United States is one of the country's major manufacturers of plastic waste. Despite greater collection rates, the United States' plastic recycling rate is just around 10-12 %.
North America Plastic Waste Management Market Segmentation:
The market for plastic waste management is divided into four main categories based on service: collection, recycling, incineration, and landfills. Due to the strict government rules and a large increase in infrastructure for recycling plastic, the recycling category is expected to develop at the quickest rate of 5.9% over the forecast period. Cloths, carpets, garbage bags, films, containers, and bottles are just a few of the products made from recycled plastic.
Key Players:
Waste Management (U.S)
Waste Connection (US)
GFL Environmental (Canada)
Clean Harbors (US)
Casella Waste System (US)
Republic Services(US)
North America Plastic Waste Management Market Regional Analysis:
Europe, North America, Asia-Pacific, the Middle East and Africa, and South America are the five main geographic regions of the North America Plastic Waste Management market.
COVID-19 Impact Analysis on North America Plastic Waste Management Market:
COVID-19 has had an impact on the entire market, and when its effects are felt more widely in 2019 and 2020, they will also have an effect on the growth rate. In order to give trustworthy information and experiences to decision-makers, the COVID-19 problem is requiring businesses and organisations to manage risk and digitise operations. SMR's most recent research, opinions, and insights on the management challenges that matter most to businesses and organisations regarding the market support this.
Key Questions answered in the North America Plastic Waste Management Market Report are:
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About Stellar Market Research:
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Indian consultancy company Stellar Market Research was established in 2018. It is an expert in providing clients with long-term planning and consultancy services to aid in their organisational transformation objectives.
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Nov 28, 2022
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