The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. The increase in awareness programs regarding sustainable waste management practices is projected to drive the growth of the plastic waste management industry across the globe during the forecast period.
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Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (Republic) (US), Stericycle (US), Clean Harbors (US), Waste Connections, Inc. (US), Covanta Holding Corporation (Covanta) (US), Biffa (UK), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market. These players have adopted numerous growth strategies such as expansions, new product & service developments, acquisitions, partnerships, contracts, and joint ventures to increase their market shares and enhance their service portfolios.
The strategies of expansions, partnership, and joint venture together accounted for the largest share of all strategic developments that took place in the plastic waste management market between January 2017 and August 2019. Companies such as Veolia Environnement (France), SUEZ (France), Biffa (UK), Covanta Holding Corporation (US), Clean Harbors (US), and Remondis SE & Co. KG (Germany) are the key players operating in the market that adopted these strategies to strengthen their service portfolios, expand their market presence, and enhance their growth prospects in the plastic waste management industry.
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Veolia Environnement is the foremost waste management service provider, which offers various waste management services under its waste management segment. Veolia is among the key global players involved in the management of solid, liquid, non-hazardous, and hazardous waste. It is engaged in the entire lifecycle of waste management from collection to the recovery of waste. The company’s strong customer base has strengthened its position in the plastic waste management market. Moreover, its various growth strategies, such as strategic partnerships, expansions, and agreements, have enabled the company to reach out to fast-growing markets where the concern for environmental services is of paramount interest.
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