Market Highlights:
The global market of plastic waste management is growing rapidly and focusing on scrap recycling. Such plastic waste management system accounts for features such as reuse, and reduction of waste which can again be used in organizations. The enhanced recycling rate provides an ideal opportunity as well as creates jobs. Additionally, it offers improved plastic waste management by reducing the consumption of fossil fuels and greenhouse gas emissions. Moreover, recycled plastics has gaining popularity among end-users in packaging, textiles, construction, wood & furniture and agriculture industries. Furthermore, proper and efficient plastic recycling helps to mitigate various environmental threats like global warming, ozone layer depletion, thereby helping in boosting the plastic waste management market. Factors such as low cost and variety of functions, growing demand for recycled plastic are also pushing the market towards growth. Government initiatives such as "Reduce, Reuse, & Recycle", undertaken for plastic waste management, emphasize on conservation of natural resources and reduces pollution.