According to Our latest research report on “Waste Management Market” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023. Waste management is collection, transportation, and disposable of garbage, sewage, and other waste products. It involves treatment of solid waste and disposal of the products and substances in a safe and efficient manner. Government measures to reduce illegal dumping majorly drives the growth of the waste management market. In addition, surge in population and increased globalization increase the volume of the overall waste.
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According to World Bank in 2012, urban population produced about 1.3 billion tons of Municipal Solid Waste (MSW), which is expected to grow to 2.2 billion tons in 2025.Moreover, unhealthy lifestyle as well as industrialization in emerging economies such as India, China, and Taiwan leads to the development of chemical, oil & gas, automobile and medical industries, which further increases waste generation, which that boost the market growth. However, high cost associated with waste management solutions hamper the growth of the market. Conversely, increase in awareness among public and government about these solutions and developing waste-to-energy solutions provide lucrative growth opportunities.
The global waste management market is segmented based on waste type, service, and region. Based on waste type, it is bifurcated into municipal waste and industrial waste. Based on service, it is classified into collection services and disposable services. Collection services is further classified into collection & transportation, storage & handling and sorting. Disposable services is segregated into landfills, recycling, compositing & anaerobic digestion, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe accounted for the highest market share in 2016, and is expected to maintain its dominance throughout the forecast period. This is attributed to rapid industrialization in the region and growth in measures toward adoption of recycling technologies. Moreover, government regulations to reduce air pollution and encourage proper handling and disposal of waste stimulate the market growth in the region. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, due to rise in urbanization and increase in disposable income.
Key Market Players
CLEAN HARBORS, INC.
Daiseki Co. Ltd.
Waste Management Inc.
Suez Environment S.A.
Advanced Disposal Services
Veolia Environment S.A
Republic Services Inc.
Covanta
Remondis AG & Co. Kg
Biffa Group
Hitachi Zosen Corporation
KEY MARKET SEGMENTS
By Type
Municipal Waste
Industrial Waste
By Service
Collection
Disposable
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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