Scope of the Study
Plastic waste management refers to the process of recycling, disposal, processing of plastic waste to reprocess them into useful products. Growing concerns regarding plastic waste management owing to the non-degradability of plastic driving the demand for new plastic waste management techniques. Further, governments are focusing on regulating plastic waste owing to growing environmental concerns. In addition, rising demand for waste management from developing countries such as India, China, and others expected to drive the demand for plastic waste management market over the forecasted period.
The market study is being classified by Type (Landfill, Recycle and Incineration), by Application (Plastic Waste, Heat Energy Generation, Recycled Plastics and Others) and major geographies with country level break-up.
REPLAS (Australia), Shanghai Pret Composites Co., Ltd. (China), Hitech Recycling Pvt. Ltd. (India), Waste Ventures India (India), The Shakti Plastic Industries (India), Samki Group of Companies (India), SKY CORPORATION (Japan), Transco Japan Co., Ltd. (Japan), KK Plastic Waste Management (India) and Plastic Recyclers Australia PTY Ltd. (Australia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Astron Plastics Limited (New Zealand), JK Plastics Pty Ltd (Australia) and YCA Recycling (Australia).
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that India Manufacturers will contribute to the maximum growth of Asia-Pacific Plastic Waste Management market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Asia-Pacific Plastic Waste Management market by Type, Application and Region.
On the basis of geography, the market of Plastic Waste Management has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). If we see Market by Resin, the sub-segment i.e. Thermosetting [Polyurethane, Epoxy, Polyester, Others] will boost the Plastic Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature of Service, the sub-segment i.e. Disposal will boost the Plastic Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source of Waste Collection, the sub-segment i.e. Containers & Packaging will boost the Plastic Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Changing Customer Preference from Conventional Plastic to Recycled Plastic
- Growing Government Initiates Towards Plastic Waste Management
- Technological Advancement in the Plastic Waste Management Techniques
- Rising Application for the Industrial Plastic Waste Management
- Stringent Government Regulations Regarding Plastic Waste Management
- Increasing Demand for Recycled Plastic
- Rising Demand from the Developing Economies
- Lack of Acceptance in the Low and Middle Income Group Countries
According to the Ministry of Environment India, Forest and Climate Change have notified the Plastic Waste Management Rules 2018 on March 27, 2018. The amended Rules lay down that the phasing out of Multilayered Plastic is now applicable to MLP, which are "non-recyclable, or non-energy recoverable, or with no alternate use. The Rules also lay down that any mechanism for the registration should be automated and should take into account ease of doing business for producers, recyclers and manufacturers. The centralized registration system will be evolved by the Central Pollution Control Board for the registration of the producer/importer/brand owner. While a national registry has been prescribed for producers with presence in more than two states, a state-level registration has been prescribed for smaller producers/brand owners operating within one or two states. In addition, Rule 15 of the Plastic Waste Management Rules 2018 on "explicit pricing of carry bags" has been omitted.”
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