Plastic Waste Management Market Size is Predicted to Witness 3.6% CAGR till 2030

The global Plastic Waste Management Market size is anticipated to reach USD 46.84 billion by 2030 and is anticipated to expand at a CAGR of 3.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth, driven by increasing awareness about the environmental impact of plastic waste and the adoption of sustainable waste management practices. Governments worldwide are implementing stringent regulations to curb plastic pollution, which is compelling industries to adopt eco-friendly packaging and recycling practices.

The market is witnessing a shift towards recycling and the circular economy as key strategies to manage plastic waste effectively. Innovations in recycling technologies, such as chemical recycling, are gaining traction, offering new opportunities for the recovery of high-quality plastic materials from waste. This trend is expected to reduce reliance on virgin plastics, promoting the use of recycled plastics across various industries.

In addition, plastic production and consumption have been growing significantly across the globe, fueled by its affordability, versatility, and durability. This factor is directly impacting the demand for plastic waste management services. As plastic is used majorly in packaging and consumer goods, the resultant waste poses significant environmental challenges, including pollution and harm to marine life. These aforementioned factors are anticipated to drive the demand for the market over the forecast period.

Additionally, governments are enacting strict measures aimed at minimizing plastic consumption while encouraging recycling and reuse practices. These measures include prohibiting single-use plastics, offering rewards for recycling efforts, and setting ambitious targets for reducing plastic waste. Such initiatives are fueling the expansion of the plastic waste management market. Moreover, many countries have introduced bans on the manufacture, sale, and use of single-use plastic items such as plastic bags, straws, cups, and cutlery.

The EU, for instance, has banned single-use plastic cutlery, plates, straws, and stirrers. For instance, according to the World Economic Forum by 2030, the European Union (EU) is committed to decreasing plastic pollution by prohibiting single-use plastics. This move is a component of a wider strategy aimed at enhancing the sustainability of packaging throughout the EU. Additionally, some countries have introduced taxes on plastic packaging that do not meet a minimum threshold of recycled content. The UK, for example, has introduced a Plastic Packaging Tax on plastic packaging with less than 30% recycled content.

Key of Key Players in the Plastic Waste Management Market

• Veolia Environments S.A.
• SUEZ Environments Company
• Waste Management, Inc.
• Republic Services Inc.
• Waste Connections Inc
• Clean Harbors, Inc.
• Biffa PLC
• Covanta Holding Corporation
• Stericycle Inc.
• Remondis SE & Co. KG
• ADS Waste Holdings, Inc.
• Hawkvale Limited
• Hahn Plastics Limited
• Progressive Waste Solutions Ltd.
• United Plastic Recycling, Inc.

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Plastic Waste Management Market Report Highlights

• The landfill segment dominated the service segment with a 45.2% share in 2023, it provides a final disposal solution for non-recyclable plastics, helping to minimize environmental pollution and manage waste efficiently.
• The recycling segment is anticipated to witness the highest CAGR of 5.2% over the forecast period, as it transforms waste into valuable resources, significantly reducing environmental pollution, conserving resources, and minimizing landfill dependency.
• Polypropylene, being one of the most versatile and widely used plastics, finds applications in various sectors including packaging, automotive parts, textiles, and medical devices, among others. This widespread use raises concerns about its impact on the environment, particularly regarding waste management practices and the increasing demand for more sustainable solutions.
• The surge in plastic bag usage has led to a dramatic increase in pollution, severely impacting marine life and clogging waterways. This environmental crisis underscores the urgent need for effective waste management and the adoption of sustainable alternatives.
• Asia Pacific dominated the plastic waste management market, due to rising population, growing industrialization, and increased plastic consumption and production. The plastic waste management is further propelled by inadequate waste management and plastic recycling infrastructure in the region.
• In January 2024, Shell Chemicals and Braskem are joining forces to boost the circular content in Braskem's polypropylene manufacturing, aiming for broader value chain improvements. This initiative will see the production of circular polypropylene utilizing ISCC PLUS-certified feedstock, adhering to a mass balance methodology. Braskem's clientele, particularly within the packaging and automotive industries, will benefit from this initiative. 

Plastic Waste Management Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 37.95 billion
Revenue forecast in 2030	USD 46.84 billion
Growth rate	CAGR of 3.6% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

 

Related Press Release@ Plastic Waste Management Industry Analysis

Plastic Waste Management Market Segmentation

Grand View Research has segmented the global plastic waste management market based on service, source, polymer, and region:

Plastic Waste Management Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Collection
• Recycling
• Incineration
• Landfills

Plastic Waste Management Source Outlook (Revenue, USD Billion, 2018 - 2030)

• Plastic Bags
• Plastic Bottles
• Plastic Containers & Cutlery
• Wrappers
• Plastic Caps And Closures
• Industrial Packaging
• Others

Plastic Waste Management Polymer Outlook (Revenue, USD Billion, 2018 - 2030)

• Polypropylene (PP)
• Low-density Polyethylene (LDPE)
• High-density Polyethylene (HDPE)
• Polyvinyl Chloride (PVC)
• Polyurethane (PUR)
• Polystyrene (PS)
• Terephthalate (PET)
• Others

Plastic Waste Management Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE

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About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Coil Coatings Market Size To Reach $4,390.9 Million By 2030

 

The global Coil Coatings Market is anticipated to reach USD 4390.9 million by 2030, exhibiting a CAGR of 4.0% during the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to the growing demand for these products from the construction industry, which includes both residential and commercial sectors. Coil coatings are widely used for roofing, cladding, and insulation of buildings, infrastructure, and industrial facilities.

Polyester resins are the most widely used in coil coating and typically do not contain trifunctional hydroxyl building blocks but instead utilize diols such as neopentyl glycol, propylene glycol, butane diol, or 1,6 hexane diol. The diacids used in these resins can be a combination of linear aliphatic diacids along with an aromatic diacid or their dianhydride. These resins are formulated to be rapidly cured at high temperatures and are often crosslinked with an aminoplast crosslinker such as melamine or blocked isocyanate.

Within the automotive sector, coil coating on aluminum parts is pivotal for enhancing the visual appeal and lifespan of vehicle components through superior corrosion resistance and vibrant, enduring color finishes. This process, which applies paint, anodizing, liquid, or powder coatings to precoated aluminum coils, is critical for the durability and weather resistance of exterior panels, trim, and structural elements. The automotive industry's move toward lighter materials for better fuel efficiency has made aluminum and effective coating methods increasingly important. Additionally, the rising demand for electric vehicles (EVs) is anticipated to propel the demand for aluminum coil coating products.

The overall market is expected to witness significant growth in emerging economies such as India, China, and Indonesia. This growth is attributed to the boom in the global construction industry and increasing demand for coil coatings from durable goods, motor vehicles, and industrial maintenance applications. Asia is expected to remain a prominent consumer and observe the fastest gains, in terms of production, in the coming years. In addition, the increasing tariff on heavy-duty equipment, automotive products, and other U.S.-originating goods is expected to positively impact the market share of regional manufacturers and raise the production of automotive OEMs (original equipment manufacturer) and heavy-duty equipment, thereby, augmenting the demand for coil coatings in the region.

List of Key Players in the Coil Coatings Market

• PPG Industries, Inc
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• DuPont
• BASF SE
• Henkel AG & Co. KGaA
• Kansai Nerolac Paints Limited
• Axalta Coating Systems
• Continental Coatings
• JSW Paints
• Nippon Paints Holdings Co., Ltd.
• Blygold
• HUEHOCO

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Coil Coatings Market Report Highlights

• Plastisols witnessed the fastest growth rate of more than 4.4%, owing to their large-scale use due to their possession of notable strengths in terms of abrasion resistance, flexibility, and ability to form thick films.
• Aluminum witnessed the fastest CAGR of approximately 4.1% due to rising investment in the construction industry which is expected to propel the demand for aluminum coil coating.
• North America region witnessed the fastest growth rate of 5.7% due to increasing demand for aluminum and steel coils in different end-use industries in the region.
• The stringent regulations by the U.S. EPA, OSHA (Occupational Safety and Health Administration), the European Union (EU), and other regional agencies across the world are expected to restrain the growth of the market over the forecast period.

Coil Coatings Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 3,477.1 million
Revenue forecast in 2030	USD 4,390.9 million
Growth rate	CAGR of 4.0% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

 

Related Press Release@ Coil Coatings Industry Analysis

Coil Coatings Market Segmentation

Grand View Research has segmented the global coil coatings market based on basis of resin, application, end-use and region:

Coil Coatings Resin Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Polyester
• Fluoropolymer
• Siliconized Modified Polyesters (SMP)
• Plastisols
• Other Resins

Coil Coatings Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Steel
• Aluminum

Coil Coatings End Use Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Building & Construction
• Transportation
• Consumer Appliances
• Other End-uses

Coil Coatings Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Central & South America
• Brazil
• Argentina
• Middle East and Africa
• Saudi Arabia
• South Africa

Explore Horizon, the world's most expansive market research database

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Powder Coatings Market Size To Reach $15.34 Billion By 2030

The global Powder Coatings Market size is anticipated to reach USD 15.34 billion by 2030 and is anticipated to expand at a CAGR of 5.8% during the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to their extensive use in diversified industries such as appliances, automotive, infrastructure, and general industrial, among others.

Coatings are used in various end user industries, such as chemicals, architecture, automobiles, and others. Architectural coatings play a critical role in safeguarding and enhancing the surfaces of residential and commercial buildings. These products are specifically formulated to provide a wide array of benefits, including protection against weathering, UV radiation, and the growth of mildew. Within the architectural coatings segment, a diverse range of products, such as paints, varnishes, stains, and sealants, serve various purposes in the construction and maintenance of buildings.

Rising global demand for automobiles is a major driver for the powder coatings industry. Traditionally, powder has been used to coat only certain parts of automobiles, such as chassis and engine parts. However, some key players in the automobile industry are coating other parts, such as wheels, radiators, bumpers, shock absorbers, engine blocks, coil springs, and mirror frames. Thus, the demand for powder coating is increasing in the automobile industry. Inside the vehicle, they are employed on interior trim components like door handles, instrument panels, and dashboard accents, ensuring an appealing and durable finish. Powder coatings also find application on heat shields in the engine bay and exhaust system, offering protection from excessive heat for surrounding components.

The application of powder coating is difficult on sharp edges and inside corners. During curing, the liquid film tries to pull away from the edges of the surfaces, forming a thicker layer just before the edge and distortion of uniformity. This phenomenon may occur due to resins having low viscosity. In addition, applying thin films around these areas may impair the leveling and film flow. However, solvent coatings such as paints are used as substitutes to coat the substrates, whereas powdered ones cannot be applied to cover edges. This is expected to limit the growth of the market over the forecast period.

List of Key Players in the Powder Coatings Market

• Akzo Nobel N.V.
• The Sherwin-Williams Company
• PPG Industries, Inc.
• BASF SE
• Arkema
• JOTUN
• Nippon Paint Holdings Co., Ltd.
• RPM International, Inc.

Request a free sample copy or view report summary: Powder Coatings Market Report

Powder Coatings Market Report Highlights

• Epoxy-polyester (Hybrid) is anticipated to witness the fastest CAGR of more than 6.5% over the forecast period, owing to its widespread usage in the automotive industry to coat various components such as wheels, bumpers, and engine parts.
• Automotive is anticipated to witness the fastest CAGR of approximately 6.4% over the forecast period due to the increasing scale of automotive manufacturing around the world, which has resulted in a growth in consumption levels in the sector.
• The Asia Pacific region is anticipated to witness the fastest CAGR of 6.6% over the forecast period due to rapid industrialization and urbanization in countries like China, India, and Southeast Asia.
• Powder coatings have many advantages, such as low VOC emission levels, reduced health hazards, and minimum wastage, and therefore, they find application in numerous industries.

Powder Coatings Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 10,927.9 million
Revenue forecast in 2030	USD 15.34 billion
Growth rate	CAGR of 5.8% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

 

Related Press Release@ Powder Coatings Industry Analysis

Powder Coatings Market Segmentation

Grand View Research has segmented the global powder coatings market based on resin, application, and region:

Powder Coatings Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Epoxy
• Polyester
• Epoxy-Polyester (Hybrid)
• Acrylic
• Polyurethane
• Others

Powder Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Consumer Goods
• Architectural
• Automotive
• General Industries
• Furniture
• Others

Powder Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Benelux
• Turkey
• Switzerland
• Sweden
• Poland
• Austria
• Norway
• Denmark
• Finland
• Portugal
• Czech Republic
• Slovenia
• Asia Pacific
• China
• Japan
• India
• South Korea
• Thailand
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East and Africa
• Saudi Arabia
• South Africa

Explore Horizon, the world's most expansive market research database

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com