South America, Middle East & Africa Plastic Waste Management Market Research Report, 2028

Plastic waste management refers to methods and procedures for recycling plastic waste rather than dumping it in landfills or otherwise polluting the environment. Reduced use of virgin plastic in product manufacturing aids in plastic waste management. The Middle East and Africa region is rapidly urbanizing and industrializing, which is contributing to an increase in plastic waste generation. The demand for plastic waste management solutions is being driven by the need to manage and reduce plastic waste. Consumers in the Middle East and Africa region are becoming more aware of the environmental impact of plastic waste and are demanding more sustainable solutions. As a result, new recycling technologies and products are being developed. Furthermore, Consumers in the Middle East and Africa region are becoming more able and willing to pay for sustainable products and services, including plastic waste management solutions, as their economies and incomes grow. Plastic recycling are gaining popularity in the Middle East and Africa region, with a number of companies and governments investing in recycling infrastructure. Some countries are also implementing recycling policies such as deposit return schemes, plastic bag taxes, and extended producer responsibility. Collaboration between governments, private companies, and non-governmental organisations (NGOs) is critical in addressing the plastic waste management challenge. Partnerships between the public and private sectors are being formed to develop long-term solutions for plastic waste management. For improving plastic waste management in South America, such as investing in waste management infrastructure, developing effective policies and regulations for plastic waste reduction and recycling, promoting the use of reusable products, implementing extended producer responsibility programs, and improving waste collection and disposal systems. According to the research report, “South America, Middle East & Africa Plastic Waste Management Market Research Report, 2028” published by Actual Market Research, the market is projected to grow with 4.38% CAGR for 2023-2028. South America, the Middle East, and Africa From 2023 to 2028, the landfills segment is expected to dominate the plastic waste management market in terms of service. Due to fewer recycling plants and incinerators, waste is mismanaged, contributing to an increase in plastic waste disposals and landfills. Furthermore, the collection service is the most important as well as the most complicated. Residential, commercial, and industrial plastic waste collection services are provided by market participants in the plastic waste management market. These services are provided under one- to five-year contracts or on a subscription basis, with the customer contacting the service providers directly. Waste must be separated before it can be recycled or processed to generate energy. Saudi Arabia has one of the most developed economies in the Middle East and Africa (Middle East and Africa), and it is also a major producer of plastic waste. The country is taking steps to manage plastic waste, and the Saudi plastic waste management market is expected to expand in the coming years. The Saudi public is becoming more aware of the environmental consequences of plastic waste, which is driving demand for long-term solutions. Companies are increasingly investing in recycling infrastructure to meet the growing demand for products made from recycled plastic. Some South American countries have implemented measures to address plastic waste, but progress has been slow. Brazil, for example, banned single-use plastic bags in 2019, but the law has been poorly enforced. Colombia has implemented a plastic bag tax and aims to reduce plastic waste. Chile has banned plastic bags, and Peru has banned single-use plastics in some areas. Some government initiatives for plastic waste management in the Middle East and Africa are to reduce plastic waste. Several countries in the region have implemented plastic bag bans or taxes. Kenya, for example, enacted one of the strictest plastic bag bans in 2017, and Rwanda has prohibited single-use plastics since 2008. The United Arab Emirates, for example, has established a nationwide recycling programme to encourage waste reduction and recycling. For plastic bottles, Morocco has implemented an EPR (extended producer responsibility) programme. Egypt launched a campaign to encourage the use of reusable bags and the reduction of plastic waste. The government of Oman, for example, is investing in research on biodegradable plastics and their potential for reducing plastic waste. Brazil has banned single-use plastic bags and Argentina is implementing a national waste management plan that includes recycling initiatives. Developments •The Coca-Cola Foundation has been recognised by the Growing Business Foundation (GBF) for its efforts to expand the plastic waste management value chain through the Empowering Collectors Initiative (ECI). This is intended to improve Nigeria's largely informal plastic waste collection, aggregation, and recycling process. • March 2019: Veolia Environment S.A. and Nestle S.A. formed a collaboration to address the critical issue of flexible packaging plastic waste in eleven priority Asian, African, Latin American, and European countries. Restraints Improper garbage disposal poses a significant threat to municipalities and other waste management stakeholders. Improper garbage disposal can have serious consequences for those who live near polluted areas or landfills. Inadequately treated plastic waste can cause skin irritations, blood infections, respiratory problems, growth disorders, and even reproductive issues. Unscientific treatment, ineffective garbage collection, and ethical issues such as dumping e-waste are all major concerns in the management of plastic waste. As a result, environmental degradation, water pollution, soil pollution, and air pollution all become issues, limiting the growth of the waste management market. In the region some of the new trends in plastic waste management are as follows: • Zero-waste initiatives: Some cities and communities in the region are adopting zero-waste initiatives, which aim to minimize waste production and promote a circular economy. These initiatives prioritize waste reduction and recycling over disposal and aim to create closed-loop systems for waste management. • Plastic waste-to-fuel: There is a growing trend in the region to convert plastic waste into fuel through a process known as pyrolysis. This process involves heating the plastic waste to high temperatures in the absence of oxygen, which breaks down the plastic into a gas that can be used as a fuel source. • Green packaging: There is an increasing trend towards the use of sustainable and eco-friendly packaging materials in the region. This includes the use of biodegradable and compostable packaging, as well as reusable packaging. • Digital waste management solutions: Technology is playing an increasing role in waste management in the region. There are now digital waste management solutions that use sensors and data analysis to optimize waste collection and processing. • Public-private partnerships: There is an increasing trend towards public-private partnerships in the region for plastic waste management. These partnerships bring together the expertise and resources of both the public and private sectors to create innovative solutions to plastic waste management. Major Companies present in the market: Stericycle Inc., Veolia Environnement S.A, Umicore, Sembcorp Industries Ltd., Enviro-Hub Holdings Ltd, Planet green Recycling (L.L.C), Al Nouras Waste Collection & Transporting LLC, Fcc environment Limited. Considered in this report • Geography: South America, Middle East & Africa • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • South America, Middle East & Africa Plastic Waste market with its value and forecast along with its segments • Region-wise E-Waste Management market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Brazil • UAE • Saudi Arabia • South Africa By Service Type : • Collection & transportation • Recycling • Incineration • Landfills By Source Type : • Residential • Commercial & institutional • Industrial • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Secondary research was initially used to gain an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, as well as government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Following this, we began making primary calls to consumers, segmenting them equally into regional aspects, tier aspects, age groups, and gender. Once we had primary data with us, we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Plastic Waste Management industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.