Global Plastic Waste Management Market to Reach $48 Billion by 2030
The global market for Plastic Waste Management estimated at US$37.1 Billion in the year 2023, is expected to reach US$48 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Landfills Service, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$23.8 Billion by the end of the analysis period. Growth in the Collection & Transportation Service segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 5.5% CAGR
The Plastic Waste Management market in the U.S. is estimated at US$9.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.4 Billion by the year 2030.
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