The global waste management market size is expected to register a CAGR of 3.5% during the forecast period from 2021 to 2030.
The process of collection, transportation, and disposal of garbage, sewage, and other waste products is called waste management. Waste management encompasses all types of waste materials, whether solid, liquid, or gaseous. Also, it dispenses all sorts of waste materials, whether generated from municipal, industrial, or residential.
The growth of the global waste management market has been consistent because of the government’s active steps to abbreviate the illegal dumping of garbage. Another reason for the development of the waste management industry is the increasing implementation of Waste-to-Energy (WTE) incineration and recycling processes.
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The Environmental Protection Agency (EPA) enacted the Resource Conservation and Recovery Act (RCRA) to prevent the open dumping of wastes and management of hazardous and non-hazardous waste. In addition, the global growth in population and globalization has resulted in an increase in overall waste volume. Furthermore, the expanding industrialization in Asian countries like India, China, and Taiwan has boosted the evolution of chemical, oil and gas, automobile, and medical businesses. Thus, these factors can positively impact the growth of the global waste management market as all the industrial activities generate massive amounts of trash and pollute the environment.
Furthermore, spreading awareness about the hazardous effects of waste and the prevention of infection through renewable waste management systems can ultimately impact the growth of the market. The awareness and prevention factor can force the growth of the global waste management market during the analysis period.
However, the high cost of acquiring and operating waste management solutions is likely to restrain the market growth. Waste management services need high expenses because it involves extensive labor job throughout the process. Furthermore, trash transportation, storage, and additional transportation expenses can consume a significant portion of the amount in the process.
The rise in urban population is intimately tied to rising consumption and production patterns. Municipal solid trash generation is especially prominent in low- and middle-income countries. The pace of trash generation in these countries has accelerated in recent years and is predicted to continue during the analysis period. According to the Economic and Social Commission for Asia and the Pacific (UNESCAP), around 50- 65 percent of municipal solid waste in low and middle-income countries is organic. The waste is beneficial if converted into high-quality compost used in agriculture, gardening, or landscaping practices.
COVID-19 Impact Analysis
Due to the COVID-19 impact and the lockdown, waste production from industry and the commercial sector decreased dramatically, owing to the sudden shut down of factories. Apart from that, the decline in production operations resulted in a rapid drop in demand for recyclable materials like rubber and plastic. However, Municipal garbage rose in the neighborhoods.
The reopening of production facilities and the introduction of COVID-19 vaccines will lead to the full-scale restart of waste management firms and the trash recycling industry.
During the forecast period, government initiatives for awareness and solutions and the surging requirements to create energy solutions are likely to present attractive growth prospects for market players.
Regional Analysis
Region-wise, Asia-Pacific contributed to the highest waste management market share in 2020 and is anticipated to secure a leading position during the forecast period. The growing population in the region, the high disposable income, and increasing demand for packaged food products are likely to contribute to the region’s dominance in the market. The region also witnesses the maximum marine plastic pollution, which can ultimately grow the need for a waste management system in the region.
Key Market Segments
By Enterprise Size
- Large Enterprises
- Small & Medium-Sized Enterprises
By Industry Vertical
- Automotive
- Healthcare
- Media & Entertainment
- BFSI
- Education
- Retail & Consumer Goods
- Transport & Tourism
- IT & Telecom
- Others
By platform type
- Mobile
- Desktop & Laptop
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key Market Players
- Alibaba Group Holdings Limited, (North America)
- Google LLC, (United States)
- Baidu, Inc., (China)
- Microsoft Corporation, (United States)
- Amazon Web Services, Inc., (United States)
- International Business Machines Corporation, (United States)
- Facebook, Inc., (United States)
- Twitter Inc., (United States)
- Verizon Communication Inc., (United States)
- Hulu LLC., (United States)
- Other prominent players
Table of Content
Chapter 1: Global Waste Management Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Waste Management market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Waste Management Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Waste Management market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Waste Management market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Waste Management market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Waste Management market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Waste Management business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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