Plastics are materials that cannot biodegrade and are difficult to break down. They harm the environment and humans, as well as aquatic and terrestrial organisms. They can also absorb pollutants and release them into the air, water, and soil. Because of this, they pose a risk to human health and the environment, particularly in places with a lot of people living there and little public awareness of them. Most plastic waste is recycled mechanically, which entails melting and reforming the material into various products.
The market for Plastic Waste Management was estimated to be worth US$35.71 billion in 2022, and from 2023 to 2030, it is expected to increase at a CAGR of 3.3%.
Leading Companies in the Plastic Waste Management Industry:
1.Veolia: Established in 1853. Headquarters at France's Aubervilliers. The biggest water corporation in the world and a major presence in France is Veolia. It is also heavily exposed to France, the United Kingdom, Germany, the United States, and Australia when it comes to waste management. Energy services, the third pillar of the firm, significantly increase its exposure to Central Europe. Veolia began to refocus its operations in 2011, which resulted in the departure of about half of its nations and of its transportation business, which should be finished in the following few years. In 2022, the integration of the majority of the operations of the longtime foe Suez led to a roughly 40% rise in turnover.
2. SUEZ Group: Established in 1868. Headquarters in France, in Paris. a company that offers water treatment and waste management services with the goal of protecting, enhancing, and securing the resources needed for the long term. In addition to operating hazardous and nonhazardous landfills and a network of incinerators across Europe, the company also manages municipal water distribution and treatment systems, primarily in France and Spain. By doing so, it assists customers in maintaining hygiene and protecting the environment.
3. Waste Management: Established in 1968. United States headquarters. WM runs around 260 operational landfills and roughly 340 transfer sites, making it the largest integrated provider of traditional solid waste services in the United States. The company is a top recycler in North America and provides services to residential, commercial, and industrial end industries. Advanced Disposal's $4.6 billion acquisition by Waste Management is complete
4. Waste Connections: Established in 1997. United States' administrative centre. With 100 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 79 recycling operations, Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in North America. The company caters to the energy, residential, commercial, and industrial end sectors. With the acquisition of Progressive Waste in 2016, Waste Connections entered the Canadian market. 13% of the company's total revenue in 2022 came from its Canadian business. The most recent acquisitions include Rogue Waste (October 2022), Trojan Recycling (Dec 2022), and Rogue Disposal & Recycling (Oct 2022).
5. CLEAN HARBORS INC.: Established in 1980. The corporate office of United States Clean Harbours Inc. offers industrial and environmental services. It offers commercial, industrial, and automotive clients parts cleaning and related environmental services. Environmental Services and Safety-Kleen Sustainability Solutions are its two business divisions. The company's Environmental Services division accounts for the majority of its revenue.
5. Thermo Fluids (Feb 2015), Lonestar West (May 2017), and HydroChemPSC (Aug 2021) are the most recent acquisitions.
6. Biffa: Established in 1912. United Kingdom, England's administrative centre. In the United Kingdom, Biffa PLC is a waste management firm that offers collection, recycling, treatment, disposal, and energy generation services to individuals, companies, and the public sector. Collections, Resources and Energy, and Specialist Services are the company's reportable segments. The Collections section, which includes the sub-divisions of Municipal, Industrial and Commercial, and Specialist Services, is where it makes the most money. Inerts, Organics, Recycling, and Landfill Gas are the divisions that make up the company's Resources and Energy business. Its entire business is conducted in the United Kingdom. Energy Capital Partners has completed the purchase of Biffa.
7. Covanta Holding Corporation: Established in 1912. Administration of the United States. A company that offers environmentally friendly services for managing waste and energy with a focus on agricultural, chemical industry, energy and utilities, healthcare, and government. The business provides a wide range of services, such as liquid waste management, recycling of plastic and packaged goods, field and industrial services, handling of electronic waste, and handling of medical waste, all while reducing its environmental impact and producing clean, renewable energy. This meets the needs of its customers and protects their brand. In 2021, Covanta Holding Corporation (NYSE: CVA), a pioneer in environmentally friendly waste and energy management, announced that it had reached a binding agreement with EQT Infrastructure ("EQT") under which EQT will pay $20.25 per share for all outstanding shares of Covanta common stock.
*Definition: Plastic waste management includes the revenues earned by entities providing plastic waste management services.
