Waste Management Market was valued US$ 264.60 Bn in 2018 and is estimated to reach approximately US$ XX Bn by 2026 at a CAGR of about XX% during a forecast period.
Rising population, rapid urbanization & industrialization, environmental impact, and rise in number of infrastructure development activities across the globe are the key factors driving waste management market. Poor management of the collection & disposal of waste may lead to leachate pollution of surface water and creates immense impact on the environment which may cause significant problems if the waste contains toxic substance or if nearby water sources are used for water supplies. Continued adoption of recycling techniques and development of innovative technologies and advanced waste collection solutions is propelling the waste management market. Waste management market is evolving at a rapid pace, particularly in emerging countries.
Government regulation to reduce illegal dumping with the introduction of sustainable mechanism to manage waste will drive the global solid waste management market size in a forecast. Several studies proved that reutilizing of waste is a viable option and also desirable socially, economically, and environmentally. Sources are themselves accountable for their waste management and particularly hazardous waste. Local government authorities also offer counselling, consulting and commendations to administration on their management plan for further eco-friendly production process this will bring an opportunity to market. Based on source of waste, waste management market can be categorized into municipal waste and industrial waste. Municipal waste includes waste from public places, commercial & residential buildings and institution.
Municipal waste holds a major share of waste management market. Municipal solid waste management is a critical element towards sustainable metropolitan development, comprises segregation, storage, collection, relocation, processing, and disposal of solid waste to minimize its adverse impact on the environment. Based on service of waste management, waste management market is categorized into collection and disposal. Further disposal is sub-segmented into landfills, recycling, incineration, composting and anaerobic digestion, others. Among these collection, service is most dominated one and is expected to grow at a measurable rate during the forecast period. Strict regulatory norms to limit landfills and government measures to facilitate the collection of recycling waste for the treatment facilities has boost the market growth.
The fastest growing service for the waste management market is the disposal segment. Based on end use, waste management market is segmented into oil & gas, agriculture, electronics, automobile and others. Out of these electronics and automobile dominates the market. U.S. power plants generated about 14 billion KW of electricity from burning about 30 million tons of combustible solid waste. Waste are maximum utilised for electricity generation. Many large landfills also generate electricity by using the methane gas that is produced from decomposing biomass in landfills. Based on geography waste management market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific holds the major share of waste management market owing to rapid industrialization and shifting of industries in the region. Industrial waste management market in Asia-Pacific is expected to grow at a rapid pace.
North America is anticipated to witness a remarkable growth due to the implementation of strict regulations against landfill and waste handling. Europe accounted for the highest share in the waste management industry in 2016 owing to existence of well-developed infrastructure and various end-user industries in the region. The objective of the report is to present comprehensive analysis of Waste Management Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Waste Management Market dynamics, structure by analyzing the market segments, and project the Waste Management Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Waste Management Market make the report investor’s guide. Keyplayer of waste management market includes 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, and Hitachi Zosen Corporation.
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Waste Management Market scope:
Waste Management Market, By Waste Type
• Municipal Waste • Industrial Waste
Waste Management Market, By Service Type:
• Collection • Disposal
Waste Management Market, By End Use Type:
• Oil and Gas • Agriculture • Electronics • Automobile • Others
Waste Management Market, by Region Type:
• North America • Europe • Asia Pacific • Middle East & Africa • Latin America
Key players Analysed In the Waste Management Market:
• 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 • Green Conversions • Amec Foster Wheeler • Xcel Energy, Recology • Keppel Segher, Plasco Conversions • Wheelabrator Technologies • Nexans • China Everbright International • Cleanaway • Sims Metal Management • Stericycle,
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